AUD/USD - 1H - Technical analysis published on 06/10/2024 (GMT)
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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:
Strongly bearish
Technical indicators
56%
17%
28%
My opinion
Bearish under 0.6629 USD
My targets
0.6552 USD (-0.0038)
0.6498 USD (-0.0092)
My analysis
The bearish basic trend is very strong on AUD/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.6629 USD. Crossing the first support at 0.6552 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.6498 USD as an objective. Crossing it would then enable sellers to target 0.6453 USD. Caution, a return to above the resistance located at 0.6629 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
3.8
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Additional analysis
Quotes
The AUD/USD price is 0.6590 USD. The price registered an increase of +0.15% on the session and was traded between 0.6576 USD and 0.6595 USD over the period. The price is currently at +0.21% from its lowest and -0.08% from its highest.0.6576
0.6595
0.6590
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUD/USD in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.6294 | 0.6453 | 0.6552 | 0.6590 | 0.6591 | 0.6629 | 0.6665 |
| Change (%) | -4.49% | -2.08% | -0.58% | - | +0.02% | +0.59% | +1.14% |
| Change | -0.0296 | -0.0137 | -0.0038 | - | +0.0001 | +0.0039 | +0.0075 |
| Level | Major | Minor | Minor | - | Minor | Major | 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 | 0.6442 | 0.6510 | 0.6545 | 0.6613 | 0.6648 | 0.6716 | 0.6751 |
| Camarilla | 0.6552 | 0.6561 | 0.6571 | 0.6580 | 0.6589 | 0.6599 | 0.6608 |
| Woodie | 0.6426 | 0.6502 | 0.6529 | 0.6605 | 0.6632 | 0.6708 | 0.6735 |
| Fibonacci | 0.6510 | 0.6549 | 0.6574 | 0.6613 | 0.6652 | 0.6677 | 0.6716 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6418 | 0.6498 | 0.6539 | 0.6619 | 0.6660 | 0.6740 | 0.6781 |
| Camarilla | 0.6547 | 0.6558 | 0.6569 | 0.6580 | 0.6591 | 0.6602 | 0.6613 |
| Woodie | 0.6399 | 0.6488 | 0.6520 | 0.6609 | 0.6641 | 0.6730 | 0.6762 |
| Fibonacci | 0.6498 | 0.6544 | 0.6573 | 0.6619 | 0.6665 | 0.6694 | 0.6740 |
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): | 34.48 | |
| MACD (12,26,9): | -0.0015 | |
| Directional Movement: | -9.1155 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 0.6577 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6576 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 0.6611 | |
| Zig ZAG (10): | 0.6590 | |
| VORTEX (21): | 0.7254 | |
| Stochastique (14,3,5): | 77.92 | |
| TEMA (21): | 0.6577 | |
| Williams %R (14): | -26.32 | |
| Chande Momentum Oscillator (20): | 0.0009 | |
| Repulse (5,40,3): | 0.1295 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0407 | |
| Courbe Coppock: | 0.27 |
| MA7: | 0.6640 | |
| MA20: | 0.6645 | |
| MA50: | 0.6578 | |
| MA100: | 0.6562 | |
| MAexp7: | 0.6589 | |
| MAexp20: | 0.6598 | |
| MAexp50: | 0.6621 | |
| MAexp100: | 0.6635 | |
| Price / MA7: | -0.75% | |
| Price / MA20: | -0.83% | |
| Price / MA50: | +0.18% | |
| Price / MA100: | +0.43% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.47% | |
| Price / MAexp100: | -0.68% |
Quotes :
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Real time data
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Forex
News
The last news published on AUD/USD at the time of the generation of this analysis was as follows:
-
AUD/USD Forecast June 10, 2024
-
AUD/USD Long Term Forecast and Technical Analysis for June 07, 2024, by Chris Lewis for FX Empire
-
AUD/USD Daily Forecast and Technical Analysis for June 07, 2024, by Chris Lewis for FX Empire
-
AUD/USD Daily Forecast and Technical Analysis for June 06, 2024, by Chris Lewis for FX Empire
-
AUD/USD Daily Forecast and Technical Analysis for June 05, 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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