AUD/USD - 1H - Technical analysis published on 04/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.6552 USD
My targets
0.6589 USD (+0.0023)
0.6631 USD (+0.0065)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AUD/USD as long as the price remains well above 0.6552 USD. The buyers' bullish objective is set at 0.6589 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.6631 USD. If there is any crossing, the next objective would be the resistance located at 0.6787 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2
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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 price is 0.6566 USD. On the day, this instrument gained +0.51% and was between 0.6524 USD and 0.6587 USD. This implies that the price is at +0.64% from its lowest and at -0.32% from its highest.0.6524
0.6587
0.6566
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.6490 | 0.6530 | 0.6552 | 0.6566 | 0.6631 | 0.6787 | 0.6878 |
Change (%) | -1.16% | -0.55% | -0.21% | - | +0.99% | +3.37% | +4.75% |
Change | -0.0076 | -0.0036 | -0.0014 | - | +0.0065 | +0.0221 | +0.0312 |
Level | Major | Minor | Intermediate | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6478 | 0.6498 | 0.6515 | 0.6535 | 0.6552 | 0.6572 | 0.6589 |
Camarilla | 0.6523 | 0.6526 | 0.6530 | 0.6533 | 0.6536 | 0.6540 | 0.6543 |
Woodie | 0.6478 | 0.6497 | 0.6515 | 0.6534 | 0.6552 | 0.6571 | 0.6589 |
Fibonacci | 0.6498 | 0.6512 | 0.6521 | 0.6535 | 0.6549 | 0.6558 | 0.6572 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6295 | 0.6351 | 0.6442 | 0.6498 | 0.6589 | 0.6645 | 0.6736 |
Camarilla | 0.6493 | 0.6506 | 0.6520 | 0.6533 | 0.6547 | 0.6560 | 0.6573 |
Woodie | 0.6313 | 0.6360 | 0.6460 | 0.6507 | 0.6607 | 0.6654 | 0.6754 |
Fibonacci | 0.6351 | 0.6407 | 0.6442 | 0.6498 | 0.6554 | 0.6589 | 0.6645 |
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): | 60.93 | |
MACD (12,26,9): | 0.0009 | |
Directional Movement: | 13.4552 | |
AROON (14): | 50.0000 | |
DEMA (21): | 0.6565 | |
Parabolic SAR (0,02-0,02-0,2): | 0.6552 | |
Elder Ray (13): | 0.0009 | |
Super Trend (3,10): | 0.6540 | |
Zig ZAG (10): | 0.6566 | |
VORTEX (21): | 1.2009 | |
Stochastique (14,3,5): | 62.37 | |
TEMA (21): | 0.6567 | |
Williams %R (14): | -41.07 | |
Chande Momentum Oscillator (20): | 0.0022 | |
Repulse (5,40,3): | -0.0209 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0185 | |
Courbe Coppock: | 0.86 |
MA7: | 0.6496 | |
MA20: | 0.6509 | |
MA50: | 0.6534 | |
MA100: | 0.6583 | |
MAexp7: | 0.6562 | |
MAexp20: | 0.6554 | |
MAexp50: | 0.6538 | |
MAexp100: | 0.6517 | |
Price / MA7: | +1.08% | |
Price / MA20: | +0.88% | |
Price / MA50: | +0.49% | |
Price / MA100: | -0.26% | |
Price / MAexp7: | +0.06% | |
Price / MAexp20: | +0.18% | |
Price / MAexp50: | +0.43% | |
Price / MAexp100: | +0.75% |
Quotes :
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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:
- AUD/USD Long Term Forecast and Technical Analysis for April 26, 2024, by Chris Lewis for FX Empire
- AUD/USD Daily Forecast and Technical Analysis for April 26, 2024, by Chris Lewis for FX Empire
- AUD/USD Daily Forecast and Technical Analysis for April 25, 2024, by Chris Lewis for FX Empire
- AUD/USD Forecast April 26, 2024
- AUD/USD Daily Forecast and Technical Analysis for April 24, 2024, by Chris Lewis for FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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