AUD/USD

- USD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	AUDUSD
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AUD/USD - Weekly - Technical analysis published on 05/08/2020 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Neutral

De fond: Bearish

Technical indicators

50%

17%

33%

My opinion

Bearish under 0.6716 USD

My targets

0.6348 USD (-0.0187)

0.6053 USD (-0.0482)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.6716 USD remains possible. It is advisable to trade AUD/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.6716 USD. The next bearish objective for sellers is set at 0.6348 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.6053 USD. In case of crossing, the next objective would be the support located at 0.5744 USD. PS: if there is a bullish break in the resistance located at 0.6716 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

FORCE

2.1

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

Additional analysis

Quotes

The AUD/USD rating is 0.6535 USD. The price registered an increase of +1.81% over 5 days and has been traded over the last 5 days between 0.6372 USD and 0.6511 USD. This implies that the 5 day price is +2.56% from its lowest point and +0.37% from its highest point.

0.6372

0.6511

0.6535

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this AUD/USD chart shows a bearish trend. 75% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

White gravestone / inverted hammer

Type : Neutral

Timeframe : Weekly

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.5744	0.6053	0.6535	0.6874	0.7346	0.7736
Change (%)	-12.10%	-7.38%	-	+5.19%	+12.41%	+18.38%
Change	-0.0791	-0.0482	-	+0.0339	+0.0811	+0.1201
Level	Major	Major	-	Major	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6304	0.6348	0.6424	0.6468	0.6544	0.6588	0.6664
Camarilla	0.6468	0.6479	0.6490	0.6501	0.6512	0.6523	0.6534
Woodie	0.6321	0.6356	0.6441	0.6476	0.6561	0.6596	0.6681
Fibonacci	0.6348	0.6394	0.6422	0.6468	0.6514	0.6542	0.6588

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6154	0.6268	0.6343	0.6457	0.6532	0.6646	0.6721
Camarilla	0.6367	0.6384	0.6402	0.6419	0.6436	0.6454	0.6471
Woodie	0.6136	0.6258	0.6325	0.6447	0.6514	0.6636	0.6703
Fibonacci	0.6268	0.6340	0.6385	0.6457	0.6529	0.6574	0.6646

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5536	0.5758	0.6126	0.6348	0.6716	0.6938	0.7306
Camarilla	0.6332	0.6386	0.6440	0.6494	0.6548	0.6602	0.6656
Woodie	0.5609	0.5795	0.6199	0.6385	0.6789	0.6975	0.7379
Fibonacci	0.5758	0.5983	0.6123	0.6348	0.6573	0.6713	0.6938

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):	49.94
MACD (12,26,9):	-0.0126
Directional Movement:	-12.8568
AROON (14):	-50.0000
DEMA (21):	0.6313
Parabolic SAR (0,02-0,02-0,2):	0.5656
Elder Ray (13):	0.0042
Super Trend (3,10):	0.6590
Zig ZAG (10):	0.6538
VORTEX (21):	0.9039
Stochastique (14,3,5):	71.62
TEMA (21):	0.6277
Williams %R (14):	-18.72
Chande Momentum Oscillator (20):	-0.0177
Repulse (5,40,3):	4.3743
ROCnROLL:	-1
TRIX (15,9):	-0.3075
Courbe Coppock:	13.92

MA7:	0.6457
MA20:	0.6414
MA50:	0.6287
MA100:	0.6542
MAexp7:	0.6389
MAexp20:	0.6483
MAexp50:	0.6694
MAexp100:	0.6917
Price / MA7:	+1.21%
Price / MA20:	+1.89%
Price / MA50:	+3.94%
Price / MA100:	-0.11%
Price / MAexp7:	+2.29%
Price / MAexp20:	+0.80%
Price / MAexp50:	-2.38%
Price / MAexp100:	-5.52%

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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