AUD/USD - 1H - Technical analysis published on 12/05/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.6818 USD
My targets
0.6845 USD (+0.0014)
0.6870 USD (+0.0039)
My analysis
AUD/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.6818 USD. The next resistance located at 0.6845 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.6870 USD. After this resistance, buyers could then target 0.7122 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.2
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This analysis was given by Ahmadjdid. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/USD price is 0.6831 USD. On the day, this instrument gained +0.26% and was traded between 0.6810 USD and 0.6831 USD over the period. The price is currently at +0.31% from its lowest and 0% from its highest.0.6810
0.6831
0.6831
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 (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/USD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.6749 | 0.6782 | 0.6818 | 0.6831 | 0.6845 | 0.6870 | 0.7122 |
Change (%) | -1.20% | -0.72% | -0.19% | - | +0.20% | +0.57% | +4.26% |
Change | -0.0082 | -0.0049 | -0.0013 | - | +0.0014 | +0.0039 | +0.0291 |
Level | Intermediate | Intermediate | Minor | - | 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 | 0.6738 | 0.6753 | 0.6783 | 0.6798 | 0.6828 | 0.6843 | 0.6873 |
Camarilla | 0.6801 | 0.6805 | 0.6809 | 0.6813 | 0.6817 | 0.6821 | 0.6825 |
Woodie | 0.6746 | 0.6757 | 0.6791 | 0.6802 | 0.6836 | 0.6847 | 0.6881 |
Fibonacci | 0.6753 | 0.6770 | 0.6781 | 0.6798 | 0.6815 | 0.6826 | 0.6843 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6468 | 0.6554 | 0.6673 | 0.6759 | 0.6878 | 0.6964 | 0.7083 |
Camarilla | 0.6736 | 0.6754 | 0.6773 | 0.6792 | 0.6811 | 0.6830 | 0.6848 |
Woodie | 0.6485 | 0.6562 | 0.6690 | 0.6767 | 0.6895 | 0.6972 | 0.7100 |
Fibonacci | 0.6554 | 0.6632 | 0.6681 | 0.6759 | 0.6837 | 0.6886 | 0.6964 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.5917 | 0.6094 | 0.6447 | 0.6624 | 0.6977 | 0.7154 | 0.7507 |
Camarilla | 0.6653 | 0.6702 | 0.6750 | 0.6799 | 0.6848 | 0.6896 | 0.6945 |
Woodie | 0.6004 | 0.6138 | 0.6534 | 0.6668 | 0.7064 | 0.7198 | 0.7594 |
Fibonacci | 0.6094 | 0.6297 | 0.6422 | 0.6624 | 0.6827 | 0.6952 | 0.7154 |
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): | 58.51 | |
MACD (12,26,9): | 0.0001 | |
Directional Movement: | 4.2100 | |
AROON (14): | 92.8571 | |
DEMA (21): | 0.6804 | |
Parabolic SAR (0,02-0,02-0,2): | 0.6745 | |
Elder Ray (13): | 0.0017 | |
Super Trend (3,10): | 0.6837 | |
Zig ZAG (10): | 0.6825 | |
VORTEX (21): | 1.0139 | |
Stochastique (14,3,5): | 89.77 | |
TEMA (21): | 0.6802 | |
Williams %R (14): | -3.53 | |
Chande Momentum Oscillator (20): | 0.0054 | |
Repulse (5,40,3): | 0.3667 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0033 | |
Courbe Coppock: | 0.11 |
MA7: | 0.6768 | |
MA20: | 0.6709 | |
MA50: | 0.6514 | |
MA100: | 0.6686 | |
MAexp7: | 0.6808 | |
MAexp20: | 0.6803 | |
MAexp50: | 0.6795 | |
MAexp100: | 0.6772 | |
Price / MA7: | +0.93% | |
Price / MA20: | +1.82% | |
Price / MA50: | +4.87% | |
Price / MA100: | +2.17% | |
Price / MAexp7: | +0.34% | |
Price / MAexp20: | +0.41% | |
Price / MAexp50: | +0.53% | |
Price / MAexp100: | +0.87% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on AUD/USD at the time of the analysis were as follows:
- AUD/USD Forecast December 5, 2022
- AUD/USD Technical Analysis for the Week of December 05, 2022 by FXEmpire
- AUDUSD Forecast for December 05, 2022 by FXEmpire
- AUD/USD Forecast December 2, 2022
- Technical Analysis: 01/12/2022 - AUDUSD targets 200-SMA after solid November
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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