AUD/USD - 1H - Technical analysis published on 05/22/2020 (GMT)
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- Timeframe : 1H
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- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 0.6532 USD
My targets
0.6474 USD (-0.0044)
0.6402 USD (-0.0116)
My analysis
AUD/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.6532 USD. The next support located at 0.6474 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.6402 USD. Below this support, sellers could then target 0.6166 USD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
5.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/USD price is 0.6518 USD. The price has increased by -0.75% since the last closing and was traded between 0.6513 USD and 0.6573 USD over the period. The price is currently at +0.08% from its lowest and -0.84% from its highest.0.6513
0.6573
0.6518
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of AUD/USD in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.6166 | 0.6402 | 0.6474 | 0.6518 | 0.6532 | 0.6555 | 0.6598 |
| Change (%) | -5.40% | -1.78% | -0.68% | - | +0.21% | +0.57% | +1.23% |
| Change | -0.0352 | -0.0116 | -0.0044 | - | +0.0014 | +0.0037 | +0.0080 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6496 | 0.6522 | 0.6545 | 0.6571 | 0.6594 | 0.6620 | 0.6643 |
| Camarilla | 0.6554 | 0.6558 | 0.6563 | 0.6567 | 0.6572 | 0.6576 | 0.6581 |
| Woodie | 0.6494 | 0.6521 | 0.6543 | 0.6570 | 0.6592 | 0.6619 | 0.6641 |
| Fibonacci | 0.6522 | 0.6541 | 0.6553 | 0.6571 | 0.6590 | 0.6602 | 0.6620 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6199 | 0.6301 | 0.6358 | 0.6460 | 0.6517 | 0.6619 | 0.6676 |
| Camarilla | 0.6372 | 0.6387 | 0.6401 | 0.6416 | 0.6431 | 0.6445 | 0.6460 |
| Woodie | 0.6178 | 0.6290 | 0.6337 | 0.6449 | 0.6496 | 0.6608 | 0.6655 |
| Fibonacci | 0.6301 | 0.6361 | 0.6399 | 0.6460 | 0.6520 | 0.6558 | 0.6619 |
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): | 28.07 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | -17.2568 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 0.6540 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6567 | |
| Elder Ray (13): | -0.0026 | |
| Super Trend (3,10): | 0.6564 | |
| Zig ZAG (10): | 0.6517 | |
| VORTEX (21): | 0.8754 | |
| Stochastique (14,3,5): | 8.87 | |
| TEMA (21): | 0.6530 | |
| Williams %R (14): | -96.83 | |
| Chande Momentum Oscillator (20): | -0.0055 | |
| Repulse (5,40,3): | -0.4362 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0130 | |
| Courbe Coppock: | 0.91 |
| MA7: | 0.6518 | |
| MA20: | 0.6486 | |
| MA50: | 0.6287 | |
| MA100: | 0.6495 | |
| MAexp7: | 0.6536 | |
| MAexp20: | 0.6552 | |
| MAexp50: | 0.6556 | |
| MAexp100: | 0.6541 | |
| Price / MA7: | -0% | |
| Price / MA20: | +0.49% | |
| Price / MA50: | +3.67% | |
| Price / MA100: | +0.35% | |
| Price / MAexp7: | -0.28% | |
| Price / MAexp20: | -0.52% | |
| Price / MAexp50: | -0.58% | |
| Price / MAexp100: | -0.35% |
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:
-
USDMXN and USDZAR Extend Breaks While EURUSD, AUDUSD and SPX Tip Range
-
USD/JPY and AUD/USD Forecast May 22, 2020
-
AUD/USD Technical Analysis for May 22, 2020 by FXEmpire
-
S&P 500, EURUSD, USDMXN, AUDUSD: Which - If Any - Breakout Turns Trend?
-
USD/JPY and AUD/USD Forecast May 21, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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