AUD/USD - 1H - Technical analysis published on 07/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 0.6569 USD
My targets
0.6533 USD (-0.0011)
0.6514 USD (-0.0030)
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 0.6569 USD. The next bearish objective for sellers is set at 0.6533 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 0.6514 USD. If there is any crossing, the next objective would be the support located at 0.6453 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 sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.4
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This analysis was given by Edd8011. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/USD rating is 0.6544 USD. On the day, this instrument lost -0.06% with the lowest point at 0.6540 USD and the highest point at 0.6569 USD. The deviation from the price is +0.06% for the low point and -0.38% for the high point.0.6540
0.6569
0.6544
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/USD indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.6453 | 0.6514 | 0.6533 | 0.6544 | 0.6569 | 0.6611 | 0.6632 |
| Change (%) | -1.39% | -0.46% | -0.17% | - | +0.38% | +1.02% | +1.34% |
| Change | -0.0091 | -0.0030 | -0.0011 | - | +0.0025 | +0.0067 | +0.0088 |
| Level | Major | Major | Minor | - | Intermediate | 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 | 0.6505 | 0.6522 | 0.6535 | 0.6552 | 0.6565 | 0.6582 | 0.6595 |
| Camarilla | 0.6540 | 0.6543 | 0.6545 | 0.6548 | 0.6551 | 0.6554 | 0.6556 |
| Woodie | 0.6503 | 0.6521 | 0.6533 | 0.6551 | 0.6563 | 0.6581 | 0.6593 |
| Fibonacci | 0.6522 | 0.6534 | 0.6541 | 0.6552 | 0.6564 | 0.6571 | 0.6582 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6285 | 0.6399 | 0.6474 | 0.6588 | 0.6663 | 0.6777 | 0.6852 |
| Camarilla | 0.6496 | 0.6513 | 0.6531 | 0.6548 | 0.6565 | 0.6583 | 0.6600 |
| Woodie | 0.6265 | 0.6389 | 0.6454 | 0.6578 | 0.6643 | 0.6767 | 0.6832 |
| Fibonacci | 0.6399 | 0.6472 | 0.6516 | 0.6588 | 0.6661 | 0.6705 | 0.6777 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6466 | 0.6521 | 0.6595 | 0.6650 | 0.6724 | 0.6779 | 0.6853 |
| Camarilla | 0.6634 | 0.6645 | 0.6657 | 0.6669 | 0.6681 | 0.6693 | 0.6705 |
| Woodie | 0.6476 | 0.6526 | 0.6605 | 0.6655 | 0.6734 | 0.6784 | 0.6863 |
| Fibonacci | 0.6521 | 0.6570 | 0.6601 | 0.6650 | 0.6699 | 0.6730 | 0.6779 |
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): | 42.07 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -2.6373 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 0.6548 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6563 | |
| Elder Ray (13): | -0.0008 | |
| Super Trend (3,10): | 0.6538 | |
| Zig ZAG (10): | 0.6544 | |
| VORTEX (21): | 0.9167 | |
| Stochastique (14,3,5): | 17.73 | |
| TEMA (21): | 0.6546 | |
| Williams %R (14): | -89.66 | |
| Chande Momentum Oscillator (20): | -0.0023 | |
| Repulse (5,40,3): | -0.0955 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0021 | |
| Courbe Coppock: | 0.23 |
| MA7: | 0.6591 | |
| MA20: | 0.6685 | |
| MA50: | 0.6659 | |
| MA100: | 0.6605 | |
| MAexp7: | 0.6547 | |
| MAexp20: | 0.6551 | |
| MAexp50: | 0.6556 | |
| MAexp100: | 0.6576 | |
| Price / MA7: | -0.71% | |
| Price / MA20: | -2.11% | |
| Price / MA50: | -1.73% | |
| Price / MA100: | -0.92% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.49% |
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 July 26, 2024, by Chris Lewis for FX Empire
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AUD/USD Daily Forecast and Technical Analysis for July 25, 2024, by Chris Lewis for FX Empire
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AUD/USD Forecast July 25, 2024
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AUD/USD Daily Forecast and Technical Analysis for July 24, 2024, by Chris Lewis for FX Empire
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AUD/USD Daily Forecast and Technical Analysis for July 23, 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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