AUD/USD - 1H - Technical analysis published on 01/31/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 0.7050 USD
My targets
0.6994 USD (-0.0040)
0.6910 USD (-0.0124)
My analysis
AUD/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.7050 USD. The next support located at 0.6994 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.6910 USD. Below this support, sellers could then target 0.6870 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
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This analysis was given by MagicMizrahi. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/USD rating 0.7034 USD. The price is lower by -0.34% since the last closing and was between 0.7021 USD and 0.7065 USD. This implies that the price is at +0.19% from its lowest and at -0.44% from its highest.0.7021
0.7065
0.7034
Here is a more detailed summary of the historical variations registered by AUD/USD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of AUD/USD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 3 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
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 these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 0.6870 | 0.6910 | 0.6994 | 0.7034 | 0.7050 | 0.7081 | 0.7122 |
| Change (%) | -2.33% | -1.76% | -0.57% | - | +0.23% | +0.67% | +1.25% |
| Change | -0.0164 | -0.0124 | -0.0040 | - | +0.0016 | +0.0047 | +0.0088 |
| Level | Major | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
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 | 0.6964 | 0.7007 | 0.7033 | 0.7076 | 0.7102 | 0.7145 | 0.7171 |
| Camarilla | 0.7039 | 0.7045 | 0.7052 | 0.7058 | 0.7064 | 0.7071 | 0.7077 |
| Woodie | 0.6955 | 0.7003 | 0.7024 | 0.7072 | 0.7093 | 0.7141 | 0.7162 |
| Fibonacci | 0.7007 | 0.7034 | 0.7050 | 0.7076 | 0.7103 | 0.7119 | 0.7145 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6809 | 0.6884 | 0.6993 | 0.7068 | 0.7177 | 0.7252 | 0.7361 |
| Camarilla | 0.7051 | 0.7068 | 0.7085 | 0.7102 | 0.7119 | 0.7136 | 0.7153 |
| Woodie | 0.6826 | 0.6893 | 0.7010 | 0.7077 | 0.7194 | 0.7261 | 0.7378 |
| Fibonacci | 0.6884 | 0.6954 | 0.6998 | 0.7068 | 0.7138 | 0.7182 | 0.7252 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6398 | 0.6513 | 0.6663 | 0.6778 | 0.6928 | 0.7043 | 0.7193 |
| Camarilla | 0.6739 | 0.6763 | 0.6788 | 0.6812 | 0.6836 | 0.6861 | 0.6885 |
| Woodie | 0.6415 | 0.6522 | 0.6680 | 0.6787 | 0.6945 | 0.7052 | 0.7210 |
| Fibonacci | 0.6513 | 0.6615 | 0.6677 | 0.6778 | 0.6880 | 0.6942 | 0.7043 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 31.83 | |
| MACD (12,26,9): | -0.0014 | |
| Directional Movement: | -17.5978 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 0.7034 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7042 | |
| Elder Ray (13): | -0.0010 | |
| Super Trend (3,10): | 0.7072 | |
| Zig ZAG (10): | 0.7033 | |
| VORTEX (21): | 0.8640 | |
| Stochastique (14,3,5): | 23.19 | |
| TEMA (21): | 0.7029 | |
| Williams %R (14): | -72.92 | |
| Chande Momentum Oscillator (20): | -0.0025 | |
| Repulse (5,40,3): | 0.0294 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0265 | |
| Courbe Coppock: | 0.92 |
| MA7: | 0.7071 | |
| MA20: | 0.6968 | |
| MA50: | 0.6835 | |
| MA100: | 0.6661 | |
| MAexp7: | 0.7038 | |
| MAexp20: | 0.7053 | |
| MAexp50: | 0.7071 | |
| MAexp100: | 0.7073 | |
| Price / MA7: | -0.52% | |
| Price / MA20: | +0.95% | |
| Price / MA50: | +2.91% | |
| Price / MA100: | +5.60% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | -0.52% | |
| Price / MAexp100: | -0.55% |
Quotes :
-
Real time data
-
Forex
News
The last news published on AUD/USD at the time of the generation of this analysis was as follows:
-
AUD/USD Forecast January 31, 2023
-
AUDUSD Forecast for January 31, 2023 by FXEmpire
-
AUD/USD Technical Analysis for the Week of January 30, 2023 by FXEmpire
-
AUDUSD Forecast for January 30, 2023 by FXEmpire
-
Technical Analysis: 27/01/2023 - AUDUSD boosts monthly gains; August’s top in focus
This member declared not having a position on this financial instrument or a related financial instrument.
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