AUD/USD - 1H - Technical analysis published on 11/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 0.7222 USD
My targets
0.7290 USD (+0.0018)
0.7370 USD (+0.0098)
My analysis
The basic bullish trend is very strong on AUD/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.7222 USD. Crossing the first resistance at 0.7290 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.7370 USD as an objective. Crossing it would then enable buyers to target 0.7728 USD. Caution, a return to below 0.7222 USD would be a sign of a consolidation phase in the short-term basic trend. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.8
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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 0.7272 USD. The price registered an increase of +0.14% on the session with the lowest point at 0.7239 USD and the highest point at 0.7288 USD. The deviation from the price is +0.46% for the low point and -0.22% for the high point.0.7239
0.7288
0.7272
Here is a more detailed summary of the historical variations registered by AUD/USD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/USD indicates that the overall trend is strongly bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. 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 bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.7059 | 0.7146 | 0.7222 | 0.7272 | 0.7290 | 0.7370 | 0.7728 |
Change (%) | -2.93% | -1.73% | -0.69% | - | +0.25% | +1.35% | +6.27% |
Change | -0.0213 | -0.0126 | -0.0050 | - | +0.0018 | +0.0098 | +0.0456 |
Level | Major | Intermediate | Minor | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.7030 | 0.7087 | 0.7175 | 0.7232 | 0.7320 | 0.7377 | 0.7465 |
Camarilla | 0.7222 | 0.7235 | 0.7249 | 0.7262 | 0.7275 | 0.7289 | 0.7302 |
Woodie | 0.7045 | 0.7095 | 0.7190 | 0.7240 | 0.7335 | 0.7385 | 0.7480 |
Fibonacci | 0.7087 | 0.7143 | 0.7177 | 0.7232 | 0.7288 | 0.7322 | 0.7377 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6810 | 0.6906 | 0.6966 | 0.7062 | 0.7122 | 0.7218 | 0.7278 |
Camarilla | 0.6983 | 0.6997 | 0.7012 | 0.7026 | 0.7040 | 0.7055 | 0.7069 |
Woodie | 0.6792 | 0.6897 | 0.6948 | 0.7053 | 0.7104 | 0.7209 | 0.7260 |
Fibonacci | 0.6906 | 0.6966 | 0.7002 | 0.7062 | 0.7122 | 0.7158 | 0.7218 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6695 | 0.6849 | 0.6937 | 0.7091 | 0.7179 | 0.7333 | 0.7421 |
Camarilla | 0.6959 | 0.6982 | 0.7004 | 0.7026 | 0.7048 | 0.7070 | 0.7093 |
Woodie | 0.6663 | 0.6833 | 0.6905 | 0.7075 | 0.7147 | 0.7317 | 0.7389 |
Fibonacci | 0.6849 | 0.6941 | 0.6998 | 0.7091 | 0.7183 | 0.7240 | 0.7333 |
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): | 54.22 | |
MACD (12,26,9): | 0.0009 | |
Directional Movement: | -2.8054 | |
AROON (14): | -21.4285 | |
DEMA (21): | 0.7276 | |
Parabolic SAR (0,02-0,02-0,2): | 0.7282 | |
Elder Ray (13): | 0.0005 | |
Super Trend (3,10): | 0.7220 | |
Zig ZAG (10): | 0.7270 | |
VORTEX (21): | 1.0092 | |
Stochastique (14,3,5): | 61.22 | |
TEMA (21): | 0.7268 | |
Williams %R (14): | -32.65 | |
Chande Momentum Oscillator (20): | 0.0010 | |
Repulse (5,40,3): | 0.0903 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0239 | |
Courbe Coppock: | 0.08 |
MA7: | 0.7147 | |
MA20: | 0.7124 | |
MA50: | 0.7181 | |
MA100: | 0.7130 | |
MAexp7: | 0.7266 | |
MAexp20: | 0.7261 | |
MAexp50: | 0.7230 | |
MAexp100: | 0.7186 | |
Price / MA7: | +1.75% | |
Price / MA20: | +2.08% | |
Price / MA50: | +1.27% | |
Price / MA100: | +1.99% | |
Price / MAexp7: | +0.08% | |
Price / MAexp20: | +0.15% | |
Price / MAexp50: | +0.58% | |
Price / MAexp100: | +1.20% |
Quotes :
2020-11-06 17:55:18
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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 the Week of November 9, 2020 by FXEmpire
- AUD/USD Technical Analysis for November 9, 2020 by FXEmpire
- AUD/USD Technical Analysis For November 6, 2020 By FX Empire
- USD/JPY and AUD/USD Forecast November 6, 2020
- AUD/USD Technical Analysis for November 6, 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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