AUD/USD - 1H - Technical analysis published on 05/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
33%
33%
33%
My opinion
Bearish under 0.6683 USD
My targets
0.6654 USD (-0.0010)
0.6629 USD (-0.0035)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for AUD/USD as long as the price remains well below 0.6683 USD. The next bearish objective for sellers is set at 0.6654 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.6629 USD. In case of crossing, the next objective would be the support located at 0.6586 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 0.6654 USD. With this support, against the trend traders who want to buy AUD/USD on a buy signal from their trading strategy should not hesitate to act.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
0.7
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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 0.6664 USD. The price registered a decrease of -0.27% on the session with the lowest point at 0.6648 USD and the highest point at 0.6684 USD. The deviation from the price is +0.24% for the low point and -0.30% for the high point.0.6648
0.6684
0.6664
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
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 slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 6 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
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
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 | 0.6586 | 0.6629 | 0.6654 | 0.6664 | 0.6683 | 0.6695 | 0.6714 |
Change (%) | -1.17% | -0.53% | -0.15% | - | +0.29% | +0.47% | +0.75% |
Change | -0.0078 | -0.0035 | -0.0010 | - | +0.0019 | +0.0031 | +0.0050 |
Level | Intermediate | Major | Minor | - | Major | Minor | Minor |
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 | 0.6593 | 0.6623 | 0.6653 | 0.6683 | 0.6713 | 0.6743 | 0.6773 |
Camarilla | 0.6666 | 0.6671 | 0.6677 | 0.6682 | 0.6688 | 0.6693 | 0.6699 |
Woodie | 0.6592 | 0.6623 | 0.6652 | 0.6683 | 0.6712 | 0.6743 | 0.6772 |
Fibonacci | 0.6623 | 0.6646 | 0.6660 | 0.6683 | 0.6706 | 0.6720 | 0.6743 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6473 | 0.6515 | 0.6559 | 0.6601 | 0.6645 | 0.6687 | 0.6731 |
Camarilla | 0.6578 | 0.6586 | 0.6594 | 0.6602 | 0.6610 | 0.6618 | 0.6626 |
Woodie | 0.6473 | 0.6516 | 0.6559 | 0.6602 | 0.6645 | 0.6688 | 0.6731 |
Fibonacci | 0.6515 | 0.6548 | 0.6569 | 0.6601 | 0.6634 | 0.6655 | 0.6687 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6060 | 0.6211 | 0.6343 | 0.6494 | 0.6626 | 0.6777 | 0.6909 |
Camarilla | 0.6397 | 0.6423 | 0.6449 | 0.6475 | 0.6501 | 0.6527 | 0.6553 |
Woodie | 0.6051 | 0.6206 | 0.6334 | 0.6489 | 0.6617 | 0.6772 | 0.6900 |
Fibonacci | 0.6211 | 0.6319 | 0.6386 | 0.6494 | 0.6602 | 0.6669 | 0.6777 |
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): | 45.74 | |
MACD (12,26,9): | -0.0005 | |
Directional Movement: | -1.3790 | |
AROON (14): | -78.5714 | |
DEMA (21): | 0.6660 | |
Parabolic SAR (0,02-0,02-0,2): | 0.6675 | |
Elder Ray (13): | -0.0004 | |
Super Trend (3,10): | 0.6679 | |
Zig ZAG (10): | 0.6662 | |
VORTEX (21): | 0.9017 | |
Stochastique (14,3,5): | 25.93 | |
TEMA (21): | 0.6654 | |
Williams %R (14): | -61.11 | |
Chande Momentum Oscillator (20): | -0.0011 | |
Repulse (5,40,3): | 0.1290 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0081 | |
Courbe Coppock: | 0.55 |
MA7: | 0.6642 | |
MA20: | 0.6576 | |
MA50: | 0.6550 | |
MA100: | 0.6567 | |
MAexp7: | 0.6659 | |
MAexp20: | 0.6666 | |
MAexp50: | 0.6665 | |
MAexp100: | 0.6652 | |
Price / MA7: | +0.33% | |
Price / MA20: | +1.34% | |
Price / MA50: | +1.74% | |
Price / MA100: | +1.48% | |
Price / MAexp7: | +0.08% | |
Price / MAexp20: | -0.03% | |
Price / MAexp50: | -0.02% | |
Price / MAexp100: | +0.18% |
Quotes :
-
Real time data
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Forex
News
The last news published on AUD/USD at the time of the generation of this analysis was as follows:
- AUD/USD Daily Forecast and Technical Analysis for May 16, 2024, by Chris Lewis for FX Empire
- AUD/USD Forecast and Technical Analysis for May 15 2024, by Chris Lewis #fxempire #trading #audusd
- AUD/USD Daily Forecast and Technical Analysis for May 15, 2024, by Chris Lewis for FX Empire
- AUD/USD Forecast May 15, 2024
- AUD/USD Daily Forecast and Technical Analysis for May 14, 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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