AUD/USD

- USD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	AUDUSD
ISIN:

AUD/USD - 1H - Technical analysis published on 01/31/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 0.6584 USD

My targets

0.6551 USD (-0.0015)

0.6501 USD (-0.0065)

My analysis

The bearish trend is currently very strong for AUD/USD. As long as the price remains below the resistance at 0.6584 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.6551 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.6501 USD as an objective. Crossing it would then enable sellers to target 0.6374 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 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

7.3

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 GCrow. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

AUD/USD rating 0.6566 USD. The price registered a decrease of -0.44% on the session and was traded between 0.6559 USD and 0.6600 USD over the period. The price is currently at +0.11% from its lowest and -0.52% from its highest.

0.6559

0.6600

0.6566

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

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

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 strongly bearish. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

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

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6374	0.6501	0.6551	0.6566	0.6570	0.6584	0.6610
Change (%)	-2.92%	-0.99%	-0.23%	-	+0.06%	+0.27%	+0.67%
Change	-0.0192	-0.0065	-0.0015	-	+0.0004	+0.0018	+0.0044
Level	Minor	Minor	Minor	-	Intermediate	Major	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6522	0.6548	0.6572	0.6598	0.6622	0.6648	0.6672
Camarilla	0.6581	0.6586	0.6590	0.6595	0.6600	0.6604	0.6609
Woodie	0.6520	0.6548	0.6570	0.6598	0.6620	0.6648	0.6670
Fibonacci	0.6548	0.6567	0.6579	0.6598	0.6617	0.6629	0.6648

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6473	0.6512	0.6543	0.6582	0.6613	0.6652	0.6683
Camarilla	0.6555	0.6561	0.6568	0.6574	0.6580	0.6587	0.6593
Woodie	0.6469	0.6510	0.6539	0.6580	0.6609	0.6650	0.6679
Fibonacci	0.6512	0.6539	0.6555	0.6582	0.6609	0.6625	0.6652

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6254	0.6390	0.6600	0.6736	0.6946	0.7082	0.7292
Camarilla	0.6716	0.6748	0.6779	0.6811	0.6843	0.6874	0.6906
Woodie	0.6292	0.6409	0.6638	0.6755	0.6984	0.7101	0.7330
Fibonacci	0.6390	0.6522	0.6604	0.6736	0.6868	0.6950	0.7082

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):	33.38
MACD (12,26,9):	-0.0009
Directional Movement:	-21.9016
AROON (14):	-50.0000
DEMA (21):	0.6572
Parabolic SAR (0,02-0,02-0,2):	0.6597
Elder Ray (13):	-0.0015
Super Trend (3,10):	0.6592
Zig ZAG (10):	0.6563
VORTEX (21):	0.8297
Stochastique (14,3,5):	10.64
TEMA (21):	0.6564
Williams %R (14):	-91.49
Chande Momentum Oscillator (20):	-0.0042
Repulse (5,40,3):	-0.0955
ROCnROLL:	2
TRIX (15,9):	-0.0134
Courbe Coppock:	0.73

MA7:	0.6585
MA20:	0.6627
MA50:	0.6653
MA100:	0.6526
MAexp7:	0.6571
MAexp20:	0.6583
MAexp50:	0.6590
MAexp100:	0.6590
Price / MA7:	-0.29%
Price / MA20:	-0.92%
Price / MA50:	-1.31%
Price / MA100:	+0.61%
Price / MAexp7:	-0.08%
Price / MAexp20:	-0.26%
Price / MAexp50:	-0.36%
Price / MAexp100:	-0.36%

Quotes : - Real time data - Forex

News

The last news published on AUD/USD at the time of the generation of this analysis was as follows:

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

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