AUD/USD - 1H - Technical analysis published on 06/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
6%
44%
50%
My opinion
Bullish above 0.6653 USD
My targets
0.6673 USD (+0.0010)
0.6700 USD (+0.0037)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on AUD/USD. As long as you are above the support located at 0.6653 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.6673 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.6700 USD as an objective. Crossing it would then enable buyers to target 0.6864 USD. If the support 0.6653 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/USD price is 0.6663 USD. The price registered a decrease of -0.39% on the session and was traded between 0.6661 USD and 0.6699 USD over the period. The price is currently at +0.03% from its lowest and -0.54% from its highest.0.6661
0.6699
0.6663
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/USD indicates that the overall trend is bullish. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.6592 | 0.6629 | 0.6653 | 0.6663 | 0.6673 | 0.6700 | 0.6864 |
| Change (%) | -1.07% | -0.51% | -0.15% | - | +0.15% | +0.56% | +3.02% |
| Change | -0.0071 | -0.0034 | -0.0010 | - | +0.0010 | +0.0037 | +0.0201 |
| Level | Intermediate | Major | Minor | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6586 | 0.6609 | 0.6649 | 0.6672 | 0.6712 | 0.6735 | 0.6775 |
| Camarilla | 0.6672 | 0.6678 | 0.6683 | 0.6689 | 0.6695 | 0.6701 | 0.6706 |
| Woodie | 0.6595 | 0.6613 | 0.6658 | 0.6676 | 0.6721 | 0.6739 | 0.6784 |
| Fibonacci | 0.6609 | 0.6633 | 0.6648 | 0.6672 | 0.6696 | 0.6711 | 0.6735 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6514 | 0.6552 | 0.6603 | 0.6641 | 0.6692 | 0.6730 | 0.6781 |
| Camarilla | 0.6629 | 0.6637 | 0.6645 | 0.6653 | 0.6661 | 0.6669 | 0.6678 |
| Woodie | 0.6520 | 0.6555 | 0.6609 | 0.6644 | 0.6698 | 0.6733 | 0.6787 |
| Fibonacci | 0.6552 | 0.6586 | 0.6607 | 0.6641 | 0.6675 | 0.6696 | 0.6730 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6258 | 0.6362 | 0.6507 | 0.6611 | 0.6756 | 0.6860 | 0.7005 |
| Camarilla | 0.6585 | 0.6607 | 0.6630 | 0.6653 | 0.6676 | 0.6699 | 0.6722 |
| Woodie | 0.6280 | 0.6372 | 0.6529 | 0.6621 | 0.6778 | 0.6870 | 0.7027 |
| Fibonacci | 0.6362 | 0.6457 | 0.6516 | 0.6611 | 0.6706 | 0.6765 | 0.6860 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 46.85 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 0.8466 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 0.6682 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6698 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 0.6662 | |
| Zig ZAG (10): | 0.6665 | |
| VORTEX (21): | 1.1161 | |
| Stochastique (14,3,5): | 24.07 | |
| TEMA (21): | 0.6681 | |
| Williams %R (14): | -94.44 | |
| Chande Momentum Oscillator (20): | -0.0010 | |
| Repulse (5,40,3): | -0.2906 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0180 | |
| Courbe Coppock: | 0.24 |
| MA7: | 0.6650 | |
| MA20: | 0.6642 | |
| MA50: | 0.6569 | |
| MA100: | 0.6560 | |
| MAexp7: | 0.6675 | |
| MAexp20: | 0.6674 | |
| MAexp50: | 0.6662 | |
| MAexp100: | 0.6653 | |
| Price / MA7: | +0.20% | |
| Price / MA20: | +0.32% | |
| Price / MA50: | +1.43% | |
| Price / MA100: | +1.57% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.15% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on AUD/USD at the time of the analysis were as follows:
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AUD/USD Daily Forecast and Technical Analysis for June 03, 2024, by Chris Lewis for FX Empire
-
AUD/USD Forecast June 3, 2024
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AUD/USD Long Term Forecast and Technical Analysis for May 31, 2024, by Chris Lewis for FX Empire
-
AUD/USD Daily Forecast and Technical Analysis for May 31, 2024, by Chris Lewis for FX Empire
-
AUD/USD Daily Forecast and Technical Analysis for May 30, 2024, by Chris Lewis for FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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