AUD/USD

- USD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	AUDUSD
ISIN:

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

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 0.6632 USD

My targets

0.6453 USD (-0.0046)

0.6412 USD (-0.0087)

My analysis

All elements being clearly 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 0.6632 USD. The sellers' bearish objective is set at 0.6453 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.6412 USD. In case of crossing, the next objective would be the support located at 0.6361 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

6.4

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. The price registered a decrease of -0.20% on the session and was between 0.6349 USD and 0.6524 USD. This implies that the price is at +2.36% from its lowest and at -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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

Technical analysis of AUD/USD in Daily shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from 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.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted

Long black line

Type : Bearish

Timeframe : Daily

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6412	0.6453	0.6494	0.6499	0.6632	0.6700	0.6784
Change (%)	-1.34%	-0.71%	-0.08%	-	+2.05%	+3.09%	+4.39%
Change	-0.0087	-0.0046	-0.0005	-	+0.0133	+0.0201	+0.0285
Level	Intermediate	Intermediate	Intermediate	-	Intermediate	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6421	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):	26.61
MACD (12,26,9):	-0.0048
Directional Movement:	-34.3036
AROON (14):	-100.0000
DEMA (21):	0.6543
Parabolic SAR (0,02-0,02-0,2):	0.6591
Elder Ray (13):	-0.0131
Super Trend (3,10):	0.6623
Zig ZAG (10):	0.6492
VORTEX (21):	0.6607
Stochastique (14,3,5):	16.79
TEMA (21):	0.6495
Williams %R (14):	-65.27
Chande Momentum Oscillator (20):	-0.0214
Repulse (5,40,3):	0.4198
ROCnROLL:	2
TRIX (15,9):	-0.0616
Courbe Coppock:	6.43

MA7:	0.6526
MA20:	0.6634
MA50:	0.6647
MA100:	0.6602
MAexp7:	0.6529
MAexp20:	0.6595
MAexp50:	0.6625
MAexp100:	0.6611
Price / MA7:	-0.41%
Price / MA20:	-2.03%
Price / MA50:	-2.23%
Price / MA100:	-1.56%
Price / MAexp7:	-0.46%
Price / MAexp20:	-1.46%
Price / MAexp50:	-1.90%
Price / MAexp100:	-1.69%

Quotes : - Real time data - 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:

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

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