AUD/USD - 1H - Technical analysis published on 06/06/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 0.6665 USD
My targets
0.6629 USD (-0.0020)
0.6612 USD (-0.0037)
My analysis
In the short term, we can see an acceleration in the bearish trend on AUD/USD, which is a positive signal for sellers. As long as the price remains above 0.6665 USD, a sale could be considered. The first bearish objective is located at 0.6629 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.6612 USD as an objective. Crossing it would then enable sellers to target 0.6591 USD. If the price were to return above 0.6665 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.3
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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 0.6649 USD. The price is lower by -0.11% since the last closing with the lowest point at 0.6644 USD and the highest point at 0.6684 USD. The deviation from the price is +0.08% for the low point and -0.52% for the high point.0.6644
0.6684
0.6649
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 bearish. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.6591 | 0.6612 | 0.6629 | 0.6649 | 0.6654 | 0.6665 | 0.6700 |
| Change (%) | -0.87% | -0.56% | -0.30% | - | +0.08% | +0.24% | +0.77% |
| Change | -0.0058 | -0.0037 | -0.0020 | - | +0.0005 | +0.0016 | +0.0051 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6594 | 0.6610 | 0.6633 | 0.6649 | 0.6672 | 0.6688 | 0.6711 |
| Camarilla | 0.6645 | 0.6649 | 0.6652 | 0.6656 | 0.6660 | 0.6663 | 0.6667 |
| Woodie | 0.6598 | 0.6612 | 0.6637 | 0.6651 | 0.6676 | 0.6690 | 0.6715 |
| Fibonacci | 0.6610 | 0.6625 | 0.6634 | 0.6649 | 0.6664 | 0.6673 | 0.6688 |
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): | 44.81 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -3.7640 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 0.6657 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6682 | |
| Elder Ray (13): | -0.0008 | |
| Super Trend (3,10): | 0.6645 | |
| Zig ZAG (10): | 0.6648 | |
| VORTEX (21): | 1.0098 | |
| Stochastique (14,3,5): | 13.42 | |
| TEMA (21): | 0.6657 | |
| Williams %R (14): | -87.50 | |
| Chande Momentum Oscillator (20): | 0.0000 | |
| Repulse (5,40,3): | -0.0031 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0044 | |
| Courbe Coppock: | 0.30 |
| MA7: | 0.6648 | |
| MA20: | 0.6647 | |
| MA50: | 0.6574 | |
| MA100: | 0.6562 | |
| MAexp7: | 0.6655 | |
| MAexp20: | 0.6655 | |
| MAexp50: | 0.6654 | |
| MAexp100: | 0.6652 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | +0.03% | |
| Price / MA50: | +1.14% | |
| Price / MA100: | +1.33% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.03% |
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 05, 2024, by Chris Lewis for FX Empire
-
AUD/USD Forecast June 5, 2024
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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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