AUD/USD
AUD USD
- USD (-)
- Real time data - Forex
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Type: Forex
Ticker: AUDUSD
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AUD/USD - 1H - Technical analysis published on 10/20/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 0.7071 USD
My targets
0.7027 USD (-0.0027)
0.6943 USD (-0.0111)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on AUD/USD. As long as you are under the resistance located at 0.7071 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.7027 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.6943 USD as an objective. Crossing it would then enable sellers to target 0.6870 USD. If the resistance 0.7071 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.1

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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

AUD/USD rating 0.7054 USD. On the day, this instrument gained +0.00% with the lowest point at 0.7020 USD and the highest point at 0.7059 USD. The deviation from the price is +0.48% for the low point and -0.07% for the high point.

0.7020
0.7059
0.7054

A study of price movements over other periods shows the following variations:

Technical


Technical analysis of AUD/USD in 1H shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

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


S3S2S1PriceR1R2R3
ProTrendLines 0.6551 0.6870 0.7027 0.7054 0.7071 0.7150 0.7206
Change (%) -7.13% -2.61% -0.38% - +0.24% +1.36% +2.15%
Change -0.0503 -0.0184 -0.0027 - +0.0017 +0.0096 +0.0152
Level Minor Major Major - Intermediate Minor Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.69590.70030.70280.70720.70970.71410.7166
Camarilla0.70350.70410.70480.70540.70600.70670.7073
Woodie0.69510.69980.70200.70670.70890.71360.7158
Fibonacci0.70030.70290.70450.70720.70980.71140.7141


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.68290.69430.70100.71240.71910.73050.7372
Camarilla0.70280.70450.70610.70780.70950.71110.7128
Woodie0.68070.69310.69880.71120.71690.72930.7350
Fibonacci0.69430.70120.70550.71240.71930.72360.7305


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.65680.67870.69760.71950.73840.76030.7792
Camarilla0.70530.70900.71280.71650.72020.72400.7277
Woodie0.65530.67800.69610.71880.73690.75960.7777
Fibonacci0.67870.69430.70390.71950.73510.74470.7603

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 51.06
MACD (12,26,9): -0.0007
Directional Movement: -2.1046
AROON (14): 21.4285
DEMA (21): 0.7039
Parabolic SAR (0,02-0,02-0,2): 0.7022
Elder Ray (13): 0.0008
Super Trend (3,10): 0.7063
Zig ZAG (10): 0.7056
VORTEX (21): 0.9759
Stochastique (14,3,5): 93.02
TEMA (21): 0.7040
Williams %R (14): -10.26
Chande Momentum Oscillator (20): 0.0011
Repulse (5,40,3): 0.2119
ROCnROLL: -1
TRIX (15,9): -0.0230
Courbe Coppock: 0.16
MA7: 0.7113
MA20: 0.7127
MA50: 0.7202
MA100: 0.7102
MAexp7: 0.7047
MAexp20: 0.7050
MAexp50: 0.7067
MAexp100: 0.7089
Price / MA7: -0.83%
Price / MA20: -1.02%
Price / MA50: -2.05%
Price / MA100: -0.68%
Price / MAexp7: +0.10%
Price / MAexp20: +0.06%
Price / MAexp50: -0.18%
Price / MAexp100: -0.49%

Quotes : 2020-10-20 16:26:23 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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