AUD/USD - Weekly - Technical analysis published on 04/06/2021 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 0.7364 USD
My targets
0.7820 USD (+0.0153)
0.8110 USD (+0.0443)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AUD/USD as long as the price remains well above 0.7364 USD. The buyers” bullish objective is set at 0.7820 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.8110 USD. If there is any crossing, the next objective would be the resistance located at 0.8683 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.5
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This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/USD rating 0.7667 USD. Over 5 days, this instrument gained +0.76% and has been traded over the last 5 days between 0.7594 USD and 0.7661 USD. This implies that the 5 day price is +0.96% from its lowest point and +0.08% from its highest point.0.7594
0.7661
0.7667
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Weekly of this AUD/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Weekly
In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 9 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : Weekly
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 | 0.6053 | 0.6874 | 0.7364 | 0.7667 | 0.7820 | 0.8110 | 0.8683 |
Change (%) | -21.05% | -10.34% | -3.95% | - | +2.00% | +5.78% | +13.25% |
Change | -0.1614 | -0.0793 | -0.0303 | - | +0.0153 | +0.0443 | +0.1016 |
Level | Minor | Major | Major | - | Intermediate | 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 | 0.7554 | 0.7576 | 0.7617 | 0.7639 | 0.7680 | 0.7702 | 0.7743 |
Camarilla | 0.7641 | 0.7647 | 0.7652 | 0.7658 | 0.7664 | 0.7670 | 0.7675 |
Woodie | 0.7564 | 0.7581 | 0.7627 | 0.7644 | 0.7690 | 0.7707 | 0.7753 |
Fibonacci | 0.7576 | 0.7600 | 0.7615 | 0.7639 | 0.7663 | 0.7678 | 0.7702 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.7409 | 0.7471 | 0.7541 | 0.7603 | 0.7673 | 0.7735 | 0.7805 |
Camarilla | 0.7576 | 0.7588 | 0.7600 | 0.7612 | 0.7624 | 0.7636 | 0.7648 |
Woodie | 0.7414 | 0.7473 | 0.7546 | 0.7605 | 0.7678 | 0.7737 | 0.7810 |
Fibonacci | 0.7471 | 0.7521 | 0.7552 | 0.7603 | 0.7653 | 0.7684 | 0.7735 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.7201 | 0.7382 | 0.7488 | 0.7669 | 0.7775 | 0.7956 | 0.8062 |
Camarilla | 0.7515 | 0.7541 | 0.7568 | 0.7594 | 0.7620 | 0.7647 | 0.7673 |
Woodie | 0.7164 | 0.7363 | 0.7451 | 0.7650 | 0.7738 | 0.7937 | 0.8025 |
Fibonacci | 0.7382 | 0.7492 | 0.7559 | 0.7669 | 0.7779 | 0.7846 | 0.7956 |
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): | 56.68 | |
MACD (12,26,9): | 0.0119 | |
Directional Movement: | 8.0290 | |
AROON (14): | -35.7142 | |
DEMA (21): | 0.7784 | |
Parabolic SAR (0,02-0,02-0,2): | 0.7918 | |
Elder Ray (13): | -0.0029 | |
Super Trend (3,10): | 0.7344 | |
Zig ZAG (10): | 0.7666 | |
VORTEX (21): | 1.1099 | |
Stochastique (14,3,5): | 25.72 | |
TEMA (21): | 0.7756 | |
Williams %R (14): | -71.58 | |
Chande Momentum Oscillator (20): | -0.0035 | |
Repulse (5,40,3): | 0.3868 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.3101 | |
Courbe Coppock: | 3.09 |
MA7: | 0.7628 | |
MA20: | 0.7682 | |
MA50: | 0.7717 | |
MA100: | 0.7638 | |
MAexp7: | 0.7678 | |
MAexp20: | 0.7606 | |
MAexp50: | 0.7357 | |
MAexp100: | 0.7210 | |
Price / MA7: | +0.51% | |
Price / MA20: | -0.20% | |
Price / MA50: | -0.65% | |
Price / MA100: | +0.38% | |
Price / MAexp7: | -0.14% | |
Price / MAexp20: | +0.80% | |
Price / MAexp50: | +4.21% | |
Price / MAexp100: | +6.34% |
Quotes :
2021-04-06 23:55:29
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Real time data
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Forex
News
The latest news and videos published on AUD/USD at the time of the analysis were as follows:
- AUD/USD Technical Analysis for April 7, 2021 by FXEmpire
- AUD/USD Daily Forecast - U.S. Dollar Rebounds After Yesterday's Sell-Off
- AUD/USD Technical Analysis for April 6, 2021 by FXEmpire
- AUD/USD Daily Forecast - Another Test Of Support At 0.7600 Yielded No Results
- AUD/USD Technical Analysis for the Week of April 5, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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