AUD/USD - 1H - Technical analysis published on 10/29/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 0.7038 USD
My targets
0.6967 USD (-0.0057)
0.6914 USD (-0.0110)
My analysis
The bearish trend is currently very strong for AUD/USD. As long as the price remains below the resistance at 0.7038 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.6967 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.6914 USD as an objective. Crossing it would then enable sellers to target 0.6870 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by Oshakati2018. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/USD rating is 0.7024 USD. The price is lower by -0.44% since the last closing and was traded between 0.7002 USD and 0.7076 USD over the period. The price is currently at +0.31% from its lowest and -0.73% from its highest.0.7002
0.7076
0.7024
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 (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUD/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.6551 | 0.6870 | 0.7020 | 0.7024 | 0.7038 | 0.7059 | 0.7070 |
Change (%) | -6.73% | -2.19% | -0.06% | - | +0.20% | +0.50% | +0.65% |
Change | -0.0473 | -0.0154 | -0.0004 | - | +0.0014 | +0.0035 | +0.0046 |
Level | Minor | Major | Intermediate | - | Major | Major | 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 | 0.6889 | 0.6964 | 0.7009 | 0.7084 | 0.7129 | 0.7204 | 0.7249 |
Camarilla | 0.7022 | 0.7033 | 0.7044 | 0.7055 | 0.7066 | 0.7077 | 0.7088 |
Woodie | 0.6875 | 0.6957 | 0.6995 | 0.7077 | 0.7115 | 0.7197 | 0.7235 |
Fibonacci | 0.6964 | 0.7010 | 0.7038 | 0.7084 | 0.7130 | 0.7158 | 0.7204 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6914 | 0.6967 | 0.7052 | 0.7105 | 0.7190 | 0.7243 | 0.7328 |
Camarilla | 0.7099 | 0.7112 | 0.7124 | 0.7137 | 0.7150 | 0.7162 | 0.7175 |
Woodie | 0.6930 | 0.6975 | 0.7068 | 0.7113 | 0.7206 | 0.7251 | 0.7344 |
Fibonacci | 0.6967 | 0.7020 | 0.7052 | 0.7105 | 0.7158 | 0.7190 | 0.7243 |
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 41.94 | |
MACD (12,26,9): | -0.0012 | |
Directional Movement: | -4.6656 | |
AROON (14): | -64.2857 | |
DEMA (21): | 0.7019 | |
Parabolic SAR (0,02-0,02-0,2): | 0.7004 | |
Elder Ray (13): | -0.0002 | |
Super Trend (3,10): | 0.7067 | |
Zig ZAG (10): | 0.7030 | |
VORTEX (21): | 0.9288 | |
Stochastique (14,3,5): | 42.21 | |
TEMA (21): | 0.7021 | |
Williams %R (14): | -57.14 | |
Chande Momentum Oscillator (20): | -0.0009 | |
Repulse (5,40,3): | 0.0135 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0298 | |
Courbe Coppock: | 0.94 |
MA7: | 0.7099 | |
MA20: | 0.7124 | |
MA50: | 0.7189 | |
MA100: | 0.7113 | |
MAexp7: | 0.7029 | |
MAexp20: | 0.7036 | |
MAexp50: | 0.7062 | |
MAexp100: | 0.7082 | |
Price / MA7: | -1.06% | |
Price / MA20: | -1.40% | |
Price / MA50: | -2.30% | |
Price / MA100: | -1.25% | |
Price / MAexp7: | -0.07% | |
Price / MAexp20: | -0.17% | |
Price / MAexp50: | -0.54% | |
Price / MAexp100: | -0.82% |
Quotes :
2020-10-29 22:12:00
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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:
- USD/JPY and AUD/USD Forecast October 30, 2020
- AUD/USD Technical Analysis for October 30, 2020 by FXEmpire
- AUD/USD Technical Analysis For October 29, 2020 By FX Empire
- USD/JPY and AUD/USD Forecast October 29, 2020
- AUD/USD Technical Analysis for October 29, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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