AUD/USD

- USD (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	AUDUSD
ISIN:

AUD/USD - 1H - Technical analysis published on 08/05/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bearish

Technical indicators

33%

My opinion

Bearish under 0.6514 USD

My targets

0.6479 USD (-0.0020)

0.6453 USD (-0.0046)

My analysis

In a bearish trend, the price of AUD/USD tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 0.6514 USD. A bearish break in the support located at 0.6479 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 0.6453 USD. Then 0.6412 USD by extension. It would be safer to wait for a bearish break in the support located at 0.6479 USD before allowing yourself to re trade short positions (for sale) on AUD/USD. PS: if there is a bullish break in the resistance located at 0.6514 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

1.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by shadybhai. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

AUD/USD rating 0.6499 USD. On the day, this instrument lost -0.20% and was traded between 0.6349 USD and 0.6524 USD over the period. The price is currently at +2.36% from its lowest and -0.38% from its highest.

0.6349

0.6524

0.6499

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

Here is a more detailed summary of the historical variations registered by AUD/USD:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this AUD/USD chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 6 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6453	0.6479	0.6494	0.6499	0.6514	0.6545	0.6569
Change (%)	-0.71%	-0.31%	-0.08%	-	+0.23%	+0.71%	+1.08%
Change	-0.0046	-0.0020	-0.0005	-	+0.0015	+0.0046	+0.0070
Level	Intermediate	Minor	Intermediate	-	Minor	Minor	Major

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	0.6421	0.6453	0.6483	0.6515	0.6545	0.6577	0.6607
Camarilla	0.6495	0.6501	0.6506	0.6512	0.6518	0.6523	0.6529
Woodie	0.6419	0.6453	0.6481	0.6515	0.6543	0.6577	0.6605
Fibonacci	0.6453	0.6477	0.6492	0.6515	0.6539	0.6554	0.6577

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6381	0.6430	0.6471	0.6520	0.6561	0.6610	0.6651
Camarilla	0.6487	0.6496	0.6504	0.6512	0.6520	0.6529	0.6537
Woodie	0.6377	0.6428	0.6467	0.6518	0.6557	0.6608	0.6647
Fibonacci	0.6430	0.6464	0.6486	0.6520	0.6554	0.6576	0.6610

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6098	0.6289	0.6418	0.6609	0.6738	0.6929	0.7058
Camarilla	0.6460	0.6489	0.6519	0.6548	0.6577	0.6607	0.6636
Woodie	0.6068	0.6274	0.6388	0.6594	0.6708	0.6914	0.7028
Fibonacci	0.6289	0.6411	0.6486	0.6609	0.6731	0.6806	0.6929

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):	52.94
MACD (12,26,9):	-0.0015
Directional Movement:	-14.7887
AROON (14):	-50.0000
DEMA (21):	0.6450
Parabolic SAR (0,02-0,02-0,2):	0.6349
Elder Ray (13):	0.0003
Super Trend (3,10):	0.6376
Zig ZAG (10):	0.6493
VORTEX (21):	0.8620
Stochastique (14,3,5):	64.76
TEMA (21):	0.6445
Williams %R (14):	-13.50
Chande Momentum Oscillator (20):	-0.0010
Repulse (5,40,3):	0.8763
ROCnROLL:	-1
TRIX (15,9):	-0.0352
Courbe Coppock:	1.72

MA7:	0.6526
MA20:	0.6634
MA50:	0.6647
MA100:	0.6602
MAexp7:	0.6459
MAexp20:	0.6470
MAexp50:	0.6492
MAexp100:	0.6511
Price / MA7:	-0.41%
Price / MA20:	-2.03%
Price / MA50:	-2.23%
Price / MA100:	-1.56%
Price / MAexp7:	+0.62%
Price / MAexp20:	+0.45%
Price / MAexp50:	+0.11%
Price / MAexp100:	-0.18%

Quotes : - Real time data - Forex

News

The latest news and videos published on AUD/USD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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