AUD/USD - 1H - Technical analysis published on 10/20/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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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:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
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 | 0.6551 | 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 |
---|---|---|---|---|---|---|---|
Standard | 0.6959 | 0.7003 | 0.7028 | 0.7072 | 0.7097 | 0.7141 | 0.7166 |
Camarilla | 0.7035 | 0.7041 | 0.7048 | 0.7054 | 0.7060 | 0.7067 | 0.7073 |
Woodie | 0.6951 | 0.6998 | 0.7020 | 0.7067 | 0.7089 | 0.7136 | 0.7158 |
Fibonacci | 0.7003 | 0.7029 | 0.7045 | 0.7072 | 0.7098 | 0.7114 | 0.7141 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6829 | 0.6943 | 0.7010 | 0.7124 | 0.7191 | 0.7305 | 0.7372 |
Camarilla | 0.7028 | 0.7045 | 0.7061 | 0.7078 | 0.7095 | 0.7111 | 0.7128 |
Woodie | 0.6807 | 0.6931 | 0.6988 | 0.7112 | 0.7169 | 0.7293 | 0.7350 |
Fibonacci | 0.6943 | 0.7012 | 0.7055 | 0.7124 | 0.7193 | 0.7236 | 0.7305 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6568 | 0.6787 | 0.6976 | 0.7195 | 0.7384 | 0.7603 | 0.7792 |
Camarilla | 0.7053 | 0.7090 | 0.7128 | 0.7165 | 0.7202 | 0.7240 | 0.7277 |
Woodie | 0.6553 | 0.6780 | 0.6961 | 0.7188 | 0.7369 | 0.7596 | 0.7777 |
Fibonacci | 0.6787 | 0.6943 | 0.7039 | 0.7195 | 0.7351 | 0.7447 | 0.7603 |
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
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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 Technical Analysis for October 21, 2020 by FXEmpire
- IG Client Sentiment Data Sending Bearish Signals for USD/JPY, AUD/USD, GBP/USD | Webinar
- AUD/USD Technical Analysis For October 20, 2020 By FX Empire
- USD/JPY and AUD/USD Forecast October 20, 2020
- AUD/USD Technical Analysis for October 20, 2020 by FXEmpire
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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