AUD/USD - 1H - Technical analysis published on 04/03/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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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 0.6704 USD
My targets
0.6650 USD (-0.0016)
0.6625 USD (-0.0041)
My analysis
The bearish trend is currently very strong for AUD/USD. As long as the price remains below the resistance at 0.6704 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.6650 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.6625 USD as an objective. Crossing it would then enable sellers to target 0.6577 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.6
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This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/USD rating is 0.6666 USD. The price is lower by -0.28% since the last closing with the lowest point at 0.6651 USD and the highest point at 0.6696 USD. The deviation from the price is +0.23% for the low point and -0.45% for the high point.0.6651
0.6696
0.6666
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
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUD/USD in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
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.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.6625 | 0.6650 | 0.6661 | 0.6666 | 0.6704 | 0.6729 | 0.6759 |
| Change (%) | -0.62% | -0.24% | -0.08% | - | +0.57% | +0.95% | +1.40% |
| Change | -0.0041 | -0.0016 | -0.0005 | - | +0.0038 | +0.0063 | +0.0093 |
| Level | Minor | Minor | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6589 | 0.6630 | 0.6657 | 0.6698 | 0.6725 | 0.6766 | 0.6793 |
| Camarilla | 0.6666 | 0.6673 | 0.6679 | 0.6685 | 0.6691 | 0.6698 | 0.6704 |
| Woodie | 0.6583 | 0.6627 | 0.6651 | 0.6695 | 0.6719 | 0.6763 | 0.6787 |
| Fibonacci | 0.6630 | 0.6656 | 0.6672 | 0.6698 | 0.6724 | 0.6740 | 0.6766 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6529 | 0.6582 | 0.6633 | 0.6686 | 0.6737 | 0.6790 | 0.6841 |
| Camarilla | 0.6656 | 0.6666 | 0.6676 | 0.6685 | 0.6695 | 0.6704 | 0.6714 |
| Woodie | 0.6529 | 0.6582 | 0.6633 | 0.6686 | 0.6737 | 0.6790 | 0.6841 |
| Fibonacci | 0.6582 | 0.6621 | 0.6646 | 0.6686 | 0.6725 | 0.6750 | 0.6790 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6351 | 0.6458 | 0.6571 | 0.6678 | 0.6791 | 0.6898 | 0.7011 |
| Camarilla | 0.6625 | 0.6645 | 0.6665 | 0.6685 | 0.6705 | 0.6725 | 0.6746 |
| Woodie | 0.6355 | 0.6460 | 0.6575 | 0.6680 | 0.6795 | 0.6900 | 0.7015 |
| Fibonacci | 0.6458 | 0.6542 | 0.6594 | 0.6678 | 0.6762 | 0.6814 | 0.6898 |
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): | 40.80 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -7.9272 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 0.6673 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6705 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 0.6707 | |
| Zig ZAG (10): | 0.6668 | |
| VORTEX (21): | 0.9697 | |
| Stochastique (14,3,5): | 32.00 | |
| TEMA (21): | 0.6666 | |
| Williams %R (14): | -70.18 | |
| Chande Momentum Oscillator (20): | -0.0030 | |
| Repulse (5,40,3): | -0.0598 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0144 | |
| Courbe Coppock: | 0.67 |
| MA7: | 0.6680 | |
| MA20: | 0.6660 | |
| MA50: | 0.6813 | |
| MA100: | 0.6800 | |
| MAexp7: | 0.6673 | |
| MAexp20: | 0.6683 | |
| MAexp50: | 0.6690 | |
| MAexp100: | 0.6689 | |
| Price / MA7: | -0.21% | |
| Price / MA20: | +0.09% | |
| Price / MA50: | -2.16% | |
| Price / MA100: | -1.97% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | -0.34% | |
| Price / MAexp100: | -0.33% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on AUD/USD. At the time of publication of this analysis, the latest news was as follows:
-
AUD/USD Forecast April 3, 2023
-
AUD/USD Technical Analysis for the Week of April 04, 2023 by FXEmpire
-
AUDUSD Forecast for April 04, 2023 by FXEmpire
-
AUD/USD Forecast March 31, 2023
-
AUDUSD Forecast for March 31, 2023 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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