AUD/USD - 1H - Technical analysis published on 04/22/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.6408 USD
My targets
0.6453 USD (+0.0017)
0.6498 USD (+0.0062)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on AUD/USD. This is a positive signal for buyers. As long as the price remains above 0.6408 USD, a purchase could be considered. The first bullish objective is located at 0.6453 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.6498 USD as an objective. Crossing it would then enable buyers to target 0.6552 USD. In the event of a return below 0.6408 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.3
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/USD rating 0.6436 USD. On the day, this instrument gained +0.30% and was between 0.6407 USD and 0.6455 USD. This implies that the price is at +0.45% from its lowest and at -0.29% from its highest.0.6407
0.6455
0.6436
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 (1 year)
Type : Bearish
Timeframe : Weekly
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 bullish. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 0.6294 | 0.6374 | 0.6408 | 0.6436 | 0.6453 | 0.6498 | 0.6552 |
Change (%) | -2.21% | -0.96% | -0.44% | - | +0.26% | +0.96% | +1.80% |
Change | -0.0142 | -0.0062 | -0.0028 | - | +0.0017 | +0.0062 | +0.0116 |
Level | Intermediate | Intermediate | Intermediate | - | Major | 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 | 0.6304 | 0.6333 | 0.6375 | 0.6404 | 0.6446 | 0.6475 | 0.6517 |
Camarilla | 0.6398 | 0.6404 | 0.6411 | 0.6417 | 0.6424 | 0.6430 | 0.6437 |
Woodie | 0.6311 | 0.6336 | 0.6382 | 0.6407 | 0.6453 | 0.6478 | 0.6524 |
Fibonacci | 0.6333 | 0.6360 | 0.6377 | 0.6404 | 0.6431 | 0.6448 | 0.6475 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6224 | 0.6293 | 0.6355 | 0.6424 | 0.6486 | 0.6555 | 0.6617 |
Camarilla | 0.6381 | 0.6393 | 0.6405 | 0.6417 | 0.6429 | 0.6441 | 0.6453 |
Woodie | 0.6221 | 0.6291 | 0.6352 | 0.6422 | 0.6483 | 0.6553 | 0.6614 |
Fibonacci | 0.6293 | 0.6343 | 0.6374 | 0.6424 | 0.6474 | 0.6505 | 0.6555 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6249 | 0.6363 | 0.6439 | 0.6553 | 0.6629 | 0.6743 | 0.6819 |
Camarilla | 0.6462 | 0.6479 | 0.6497 | 0.6514 | 0.6531 | 0.6549 | 0.6566 |
Woodie | 0.6229 | 0.6354 | 0.6419 | 0.6544 | 0.6609 | 0.6734 | 0.6799 |
Fibonacci | 0.6363 | 0.6436 | 0.6481 | 0.6553 | 0.6626 | 0.6671 | 0.6743 |
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): | 61.38 | |
MACD (12,26,9): | 0.0005 | |
Directional Movement: | 8.9748 | |
AROON (14): | 28.5714 | |
DEMA (21): | 0.6438 | |
Parabolic SAR (0,02-0,02-0,2): | 0.6430 | |
Elder Ray (13): | 0.0006 | |
Super Trend (3,10): | 0.6412 | |
Zig ZAG (10): | 0.6441 | |
VORTEX (21): | 1.1472 | |
Stochastique (14,3,5): | 59.86 | |
TEMA (21): | 0.6441 | |
Williams %R (14): | -44.12 | |
Chande Momentum Oscillator (20): | 0.0007 | |
Repulse (5,40,3): | 0.0527 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0104 | |
Courbe Coppock: | 0.40 |
MA7: | 0.6434 | |
MA20: | 0.6507 | |
MA50: | 0.6532 | |
MA100: | 0.6587 | |
MAexp7: | 0.6437 | |
MAexp20: | 0.6432 | |
MAexp50: | 0.6427 | |
MAexp100: | 0.6435 | |
Price / MA7: | +0.03% | |
Price / MA20: | -1.09% | |
Price / MA50: | -1.47% | |
Price / MA100: | -2.29% | |
Price / MAexp7: | -0.02% | |
Price / MAexp20: | +0.06% | |
Price / MAexp50: | +0.14% | |
Price / MAexp100: | +0.02% |
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:
- AUD/USD Daily Forecast and Technical Analysis for April 22, 2024, by Chris Lewis for FX Empire
- AUD/USD Long Term Forecast and Technical Analysis for April 19, 2024, by Chris Lewis for FX Empire
- AUD/USD Daily Forecast and Technical Analysis for April 19, 2024, by Chris Lewis for FX Empire
- AUD/USD Forecast April 19, 2024
- AUD/USD Daily Forecast and Technical Analysis for April 18, 2024, by Chris Lewis for FX Empire
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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