AUD/USD - 1H - Technical analysis published on 12/02/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.6799 USD
My targets
0.6814 USD (+0.03%)
0.6831 USD (+0.28%)
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 0.6799 USD. The next resistance located at 0.6814 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 0.6831 USD. After this resistance, buyers could then target 0.6874 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
8.6
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This analysis was given by Edd8011. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/USD rating 0.6812 USD. The price has increased by +0.74% since the last closing and was between 0.6761 USD and 0.6817 USD. This implies that the price is at +0.75% from its lowest and at -0.07% from its highest.0.6761
0.6817
0.6812
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/USD chart shows a strongly bullish trend. 85.71% 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, 17 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 | 0.6768 | 0.6788 | 0.6799 | 0.6812 | 0.6814 | 0.6831 | 0.6874 |
Change (%) | -0.65% | -0.35% | -0.19% | - | +0.03% | +0.28% | +0.91% |
Change | -0.0044 | -0.0024 | -0.0013 | - | +0.0002 | +0.0019 | +0.0062 |
Level | Major | Minor | Intermediate | - | Minor | Minor | 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 | 0.6725 | 0.6739 | 0.6751 | 0.6765 | 0.6777 | 0.6791 | 0.6803 |
Camarilla | 0.6755 | 0.6757 | 0.6760 | 0.6762 | 0.6764 | 0.6767 | 0.6769 |
Woodie | 0.6723 | 0.6739 | 0.6749 | 0.6765 | 0.6775 | 0.6791 | 0.6801 |
Fibonacci | 0.6739 | 0.6749 | 0.6755 | 0.6765 | 0.6775 | 0.6781 | 0.6791 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6699 | 0.6727 | 0.6744 | 0.6772 | 0.6789 | 0.6817 | 0.6834 |
Camarilla | 0.6750 | 0.6754 | 0.6758 | 0.6762 | 0.6766 | 0.6770 | 0.6774 |
Woodie | 0.6695 | 0.6724 | 0.6740 | 0.6769 | 0.6785 | 0.6814 | 0.6830 |
Fibonacci | 0.6727 | 0.6744 | 0.6755 | 0.6772 | 0.6789 | 0.6800 | 0.6817 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6527 | 0.6641 | 0.6701 | 0.6815 | 0.6875 | 0.6989 | 0.7049 |
Camarilla | 0.6714 | 0.6730 | 0.6746 | 0.6762 | 0.6778 | 0.6794 | 0.6810 |
Woodie | 0.6501 | 0.6628 | 0.6675 | 0.6802 | 0.6849 | 0.6976 | 0.7023 |
Fibonacci | 0.6641 | 0.6707 | 0.6748 | 0.6815 | 0.6881 | 0.6922 | 0.6989 |
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): | 81.35 | |
MACD (12,26,9): | 0.0008 | |
Directional Movement: | 36.6179 | |
AROON (14): | 100.0000 | |
DEMA (21): | 0.6793 | |
Parabolic SAR (0,02-0,02-0,2): | 0.6783 | |
Elder Ray (13): | 0.0019 | |
Super Trend (3,10): | 0.6783 | |
Zig ZAG (10): | 0.6817 | |
VORTEX (21): | 1.2051 | |
Stochastique (14,3,5): | 95.12 | |
TEMA (21): | 0.6799 | |
Williams %R (14): | -2.17 | |
Chande Momentum Oscillator (20): | 0.0040 | |
Repulse (5,40,3): | 0.4720 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0097 | |
Courbe Coppock: | 0.74 |
MA7: | 0.6780 | |
MA20: | 0.6817 | |
MA50: | 0.6806 | |
MA100: | 0.6819 | |
MAexp7: | 0.6795 | |
MAexp20: | 0.6783 | |
MAexp50: | 0.6777 | |
MAexp100: | 0.6777 | |
Price / MA7: | +0.47% | |
Price / MA20: | -0.07% | |
Price / MA50: | +0.09% | |
Price / MA100: | -0.10% | |
Price / MAexp7: | +0.25% | |
Price / MAexp20: | +0.43% | |
Price / MAexp50: | +0.52% | |
Price / MAexp100: | +0.52% |
News
The latest news and videos published on AUD/USD at the time of the analysis were as follows:
- AUD/USD Trading Prep for the Week Ahead (26 Nov 2019)
- USD/JPY and AUD/USD Forecast December 2, 2019
- AUD/USD Technical Analysis for the week of December 02, 2019 by FXEmpire
- AUD/USD Technical Analysis for December 02, 2019 by FXEmpire
- USD/JPY and AUD/USD Forecast November 29, 2019
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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