AUD/USD - 1H - Technical analysis published on 06/05/2024 (GMT)
- 120
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 0.6673 USD
My targets
0.6629 USD (-0.0020)
0.6607 USD (-0.0042)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on AUD/USD as long as the price remains well below 0.6673 USD. The next bearish objective for sellers is set at 0.6629 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 0.6607 USD. If there is any crossing, the next objective would be the support located at 0.6591 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2.7
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/USD rating 0.6649 USD. The price registered an increase of +0.05% on the session and was traded between 0.6626 USD and 0.6665 USD over the period. The price is currently at +0.35% from its lowest and -0.24% from its highest.0.6626
0.6665
0.6649
Here is a more detailed summary of the historical variations registered by AUD/USD:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/USD chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 0.6591 | 0.6607 | 0.6629 | 0.6649 | 0.6654 | 0.6673 | 0.6700 |
| Change (%) | -0.87% | -0.63% | -0.30% | - | +0.08% | +0.36% | +0.77% |
| Change | -0.0058 | -0.0042 | -0.0020 | - | +0.0005 | +0.0024 | +0.0051 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6550 | 0.6591 | 0.6618 | 0.6659 | 0.6686 | 0.6727 | 0.6754 |
| Camarilla | 0.6627 | 0.6634 | 0.6640 | 0.6646 | 0.6652 | 0.6659 | 0.6665 |
| Woodie | 0.6544 | 0.6588 | 0.6612 | 0.6656 | 0.6680 | 0.6724 | 0.6748 |
| Fibonacci | 0.6591 | 0.6617 | 0.6633 | 0.6659 | 0.6685 | 0.6701 | 0.6727 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.39 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -5.1447 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 0.6646 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6628 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 0.6668 | |
| Zig ZAG (10): | 0.6649 | |
| VORTEX (21): | 1.0149 | |
| Stochastique (14,3,5): | 63.06 | |
| TEMA (21): | 0.6646 | |
| Williams %R (14): | -37.84 | |
| Chande Momentum Oscillator (20): | 0.0001 | |
| Repulse (5,40,3): | 0.0369 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0051 | |
| Courbe Coppock: | 0.24 |
| MA7: | 0.6647 | |
| MA20: | 0.6645 | |
| MA50: | 0.6571 | |
| MA100: | 0.6561 | |
| MAexp7: | 0.6648 | |
| MAexp20: | 0.6649 | |
| MAexp50: | 0.6651 | |
| MAexp100: | 0.6650 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | +0.06% | |
| Price / MA50: | +1.19% | |
| Price / MA100: | +1.34% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.02% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on AUD/USD. At the time of publication of this analysis, the latest news was as follows:
-
AUD/USD Daily Forecast and Technical Analysis for June 05, 2024, by Chris Lewis for FX Empire
-
AUD/USD Forecast June 5, 2024
-
AUD/USD Daily Forecast and Technical Analysis for June 04, 2024, by Chris Lewis for FX Empire
-
AUD/USD Daily Forecast and Technical Analysis for June 03, 2024, by Chris Lewis for FX Empire
-
AUD/USD Forecast June 3, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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