AUD/USD - 1H - Technical analysis published on 04/25/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 0.6490 USD
My targets
0.6530 USD (+0.0030)
0.6555 USD (+0.0055)
My analysis
The basic bullish trend is very strong on AUD/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.6490 USD. Crossing the first resistance at 0.6530 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.6555 USD as an objective. Crossing it would then enable buyers to target 0.6631 USD. Caution, a return to below 0.6490 USD would be a sign of a consolidation phase in 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.1
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/USD rating is 0.6500 USD. On the day, this instrument gained +0.05% with the lowest point at 0.6491 USD and the highest point at 0.6510 USD. The deviation from the price is +0.14% for the low point and -0.15% for the high point.0.6491
0.6510
0.6500
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 LOW record (1st january)
Type : Bearish
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 bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.6411 | 0.6456 | 0.6490 | 0.6500 | 0.6504 | 0.6530 | 0.6631 |
Change (%) | -1.37% | -0.68% | -0.15% | - | +0.06% | +0.46% | +2.02% |
Change | -0.0089 | -0.0044 | -0.0010 | - | +0.0004 | +0.0030 | +0.0131 |
Level | Intermediate | Intermediate | Major | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6430 | 0.6456 | 0.6477 | 0.6503 | 0.6524 | 0.6550 | 0.6571 |
Camarilla | 0.6484 | 0.6488 | 0.6493 | 0.6497 | 0.6501 | 0.6506 | 0.6510 |
Woodie | 0.6427 | 0.6455 | 0.6474 | 0.6502 | 0.6521 | 0.6549 | 0.6568 |
Fibonacci | 0.6456 | 0.6474 | 0.6485 | 0.6503 | 0.6521 | 0.6532 | 0.6550 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6224 | 0.6293 | 0.6355 | 0.6424 | 0.6486 | 0.6555 | 0.6617 |
Camarilla | 0.6381 | 0.6393 | 0.6405 | 0.6417 | 0.6429 | 0.6441 | 0.6453 |
Woodie | 0.6221 | 0.6291 | 0.6352 | 0.6422 | 0.6483 | 0.6553 | 0.6614 |
Fibonacci | 0.6293 | 0.6343 | 0.6374 | 0.6424 | 0.6474 | 0.6505 | 0.6555 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6249 | 0.6363 | 0.6439 | 0.6553 | 0.6629 | 0.6743 | 0.6819 |
Camarilla | 0.6462 | 0.6479 | 0.6497 | 0.6514 | 0.6531 | 0.6549 | 0.6566 |
Woodie | 0.6229 | 0.6354 | 0.6419 | 0.6544 | 0.6609 | 0.6734 | 0.6799 |
Fibonacci | 0.6363 | 0.6436 | 0.6481 | 0.6553 | 0.6626 | 0.6671 | 0.6743 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 53.33 | |
MACD (12,26,9): | 0.0003 | |
Directional Movement: | -0.5315 | |
AROON (14): | 78.5714 | |
DEMA (21): | 0.6503 | |
Parabolic SAR (0,02-0,02-0,2): | 0.6486 | |
Elder Ray (13): | 0.0004 | |
Super Trend (3,10): | 0.6520 | |
Zig ZAG (10): | 0.6500 | |
VORTEX (21): | 0.9521 | |
Stochastique (14,3,5): | 74.07 | |
TEMA (21): | 0.6499 | |
Williams %R (14): | -37.04 | |
Chande Momentum Oscillator (20): | 0.0014 | |
Repulse (5,40,3): | -0.0564 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0070 | |
Courbe Coppock: | 0.05 |
MA7: | 0.6459 | |
MA20: | 0.6503 | |
MA50: | 0.6533 | |
MA100: | 0.6584 | |
MAexp7: | 0.6501 | |
MAexp20: | 0.6498 | |
MAexp50: | 0.6487 | |
MAexp100: | 0.6472 | |
Price / MA7: | +0.63% | |
Price / MA20: | -0.05% | |
Price / MA50: | -0.51% | |
Price / MA100: | -1.28% | |
Price / MAexp7: | -0.02% | |
Price / MAexp20: | +0.03% | |
Price / MAexp50: | +0.20% | |
Price / MAexp100: | +0.43% |
Quotes :
-
Real time data
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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:
- AUD/USD Daily Forecast and Technical Analysis for April 24, 2024, by Chris Lewis for FX Empire
- AUD/USD Daily Forecast and Technical Analysis for April 23, 2024, by Chris Lewis for FX Empire
- AUD/USD Daily Forecast and Technical Analysis for April 22, 2024, by Chris Lewis for FX Empire
- AUD/USD Long Term Forecast and Technical Analysis for April 19, 2024, by Chris Lewis for FX Empire
- AUD/USD Daily Forecast and Technical Analysis for April 19, 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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