AUD/USD - 1H - Technical analysis published on 05/02/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 0.6647 USD
My targets
0.6707 USD (+0.0038)
0.6772 USD (+0.0103)
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 0.6647 USD. Crossing the first resistance at 0.6707 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.6772 USD as an objective. Crossing it would then enable buyers to target 0.6870 USD. Caution, a return to below 0.6647 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 not called into question, despite technical indicators being indecisive.
Force
0
10
4.5
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Additional analysis
Quotes
The AUD/USD rating is 0.6669 USD. On the day, this instrument gained +0.71% and was traded between 0.6620 USD and 0.6717 USD over the period. The price is currently at +0.74% from its lowest and -0.71% from its highest.0.6620
0.6717
0.6669
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 this 1H chart of AUD/USD indicates that the overall trend is strongly bullish. The signals given by moving averages are 82.14% 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.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel 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 | 0.6619 | 0.6647 | 0.6666 | 0.6669 | 0.6707 | 0.6772 | 0.6870 |
| Change (%) | -0.75% | -0.33% | -0.04% | - | +0.57% | +1.54% | +3.01% |
| Change | -0.0050 | -0.0022 | -0.0003 | - | +0.0038 | +0.0103 | +0.0201 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Major |
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 | 0.6536 | 0.6571 | 0.6597 | 0.6632 | 0.6658 | 0.6693 | 0.6719 |
| Camarilla | 0.6605 | 0.6611 | 0.6616 | 0.6622 | 0.6628 | 0.6633 | 0.6639 |
| Woodie | 0.6531 | 0.6569 | 0.6592 | 0.6630 | 0.6653 | 0.6691 | 0.6714 |
| Fibonacci | 0.6571 | 0.6595 | 0.6609 | 0.6632 | 0.6656 | 0.6670 | 0.6693 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6425 | 0.6499 | 0.6557 | 0.6631 | 0.6689 | 0.6763 | 0.6821 |
| Camarilla | 0.6578 | 0.6590 | 0.6602 | 0.6614 | 0.6626 | 0.6638 | 0.6650 |
| Woodie | 0.6416 | 0.6495 | 0.6548 | 0.6627 | 0.6680 | 0.6759 | 0.6812 |
| Fibonacci | 0.6499 | 0.6550 | 0.6581 | 0.6631 | 0.6682 | 0.6713 | 0.6763 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6291 | 0.6433 | 0.6523 | 0.6665 | 0.6755 | 0.6897 | 0.6987 |
| Camarilla | 0.6550 | 0.6572 | 0.6593 | 0.6614 | 0.6635 | 0.6657 | 0.6678 |
| Woodie | 0.6266 | 0.6420 | 0.6498 | 0.6652 | 0.6730 | 0.6884 | 0.6962 |
| Fibonacci | 0.6433 | 0.6521 | 0.6576 | 0.6665 | 0.6753 | 0.6808 | 0.6897 |
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): | 51.55 | |
| MACD (12,26,9): | 0.0012 | |
| Directional Movement: | 5.5461 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 0.6685 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6716 | |
| Elder Ray (13): | -0.0012 | |
| Super Trend (3,10): | 0.6658 | |
| Zig ZAG (10): | 0.6665 | |
| VORTEX (21): | 1.0906 | |
| Stochastique (14,3,5): | 49.14 | |
| TEMA (21): | 0.6687 | |
| Williams %R (14): | -57.14 | |
| Chande Momentum Oscillator (20): | 0.0036 | |
| Repulse (5,40,3): | -0.3765 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0309 | |
| Courbe Coppock: | 1.41 |
| MA7: | 0.6640 | |
| MA20: | 0.6680 | |
| MA50: | 0.6690 | |
| MA100: | 0.6791 | |
| MAexp7: | 0.6676 | |
| MAexp20: | 0.6669 | |
| MAexp50: | 0.6650 | |
| MAexp100: | 0.6643 | |
| Price / MA7: | +0.44% | |
| Price / MA20: | -0.16% | |
| Price / MA50: | -0.31% | |
| Price / MA100: | -1.80% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +0.29% | |
| Price / MAexp100: | +0.39% |
Quotes :
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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:
-
AUDUSD Forecast for May 03, 2023 by FXEmpire
-
AUD/USD Forecast May 2, 2023
-
AUDUSD Forecast for May 02, 2023 by FXEmpire
-
AUD/USD Technical Analysis for the Week of May 01, 2023 by FXEmpire
-
AUDUSD Forecast for May 01, 2023 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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