AUD/USD - 1H - Technical analysis published on 03/04/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 0.6586 USD
My targets
0.6622 USD (+0.0020)
0.6646 USD (+0.0044)
My analysis
The bullish trend is currently very strong on AUD/USD. As long as the price remains above the support at 0.6586 USD, you could try to benefit from the boom. The first bullish objective is located at 0.6622 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.6646 USD as an objective. Crossing it would then enable buyers to target 0.6708 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.9
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This analysis was given by dbranez. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/USD rating 0.6602 USD. The price registered an increase of +0.29% on the session with the lowest point at 0.6582 USD and the highest point at 0.6615 USD. The deviation from the price is +0.30% for the low point and -0.20% for the high point.0.6582
0.6615
0.6602
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
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 (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
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 | 0.6509 | 0.6542 | 0.6586 | 0.6602 | 0.6622 | 0.6646 | 0.6708 |
| Change (%) | -1.41% | -0.91% | -0.24% | - | +0.30% | +0.67% | +1.61% |
| Change | -0.0093 | -0.0060 | -0.0016 | - | +0.0020 | +0.0044 | +0.0106 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6376 | 0.6442 | 0.6513 | 0.6579 | 0.6650 | 0.6716 | 0.6787 |
| Camarilla | 0.6545 | 0.6558 | 0.6570 | 0.6583 | 0.6596 | 0.6608 | 0.6621 |
| Woodie | 0.6378 | 0.6443 | 0.6515 | 0.6580 | 0.6652 | 0.6717 | 0.6789 |
| Fibonacci | 0.6442 | 0.6495 | 0.6527 | 0.6579 | 0.6632 | 0.6664 | 0.6716 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6233 | 0.6334 | 0.6422 | 0.6523 | 0.6611 | 0.6712 | 0.6800 |
| Camarilla | 0.6459 | 0.6476 | 0.6494 | 0.6511 | 0.6528 | 0.6546 | 0.6563 |
| Woodie | 0.6228 | 0.6331 | 0.6417 | 0.6520 | 0.6606 | 0.6709 | 0.6795 |
| Fibonacci | 0.6334 | 0.6406 | 0.6451 | 0.6523 | 0.6595 | 0.6640 | 0.6712 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6032 | 0.6233 | 0.6372 | 0.6573 | 0.6712 | 0.6913 | 0.7052 |
| Camarilla | 0.6418 | 0.6449 | 0.6480 | 0.6511 | 0.6542 | 0.6573 | 0.6605 |
| Woodie | 0.6001 | 0.6218 | 0.6341 | 0.6558 | 0.6681 | 0.6898 | 0.7021 |
| Fibonacci | 0.6233 | 0.6363 | 0.6443 | 0.6573 | 0.6703 | 0.6783 | 0.6913 |
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): | 58.63 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 11.6270 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 0.6607 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6617 | |
| Elder Ray (13): | 0.0006 | |
| Super Trend (3,10): | 0.6555 | |
| Zig ZAG (10): | 0.6603 | |
| VORTEX (21): | 1.1066 | |
| Stochastique (14,3,5): | 55.24 | |
| TEMA (21): | 0.6607 | |
| Williams %R (14): | -26.32 | |
| Chande Momentum Oscillator (20): | 0.0008 | |
| Repulse (5,40,3): | 0.1145 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.10 |
| MA7: | 0.6568 | |
| MA20: | 0.6644 | |
| MA50: | 0.6775 | |
| MA100: | 0.6811 | |
| MAexp7: | 0.6599 | |
| MAexp20: | 0.6590 | |
| MAexp50: | 0.6571 | |
| MAexp100: | 0.6564 | |
| Price / MA7: | +0.52% | |
| Price / MA20: | -0.63% | |
| Price / MA50: | -2.55% | |
| Price / MA100: | -3.07% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.47% | |
| Price / MAexp100: | +0.58% |
News
The last news published on AUD/USD at the time of the generation of this analysis was as follows:
-
USD/JPY and AUD/USD Forecast March 4, 2020
-
US Dollar Price Action Setups: EUR/USD, USD/CAD, AUD/USD, USD/JPY
-
AUD/USD Technical Analysis for March 4, 2020 by FXEmpire
-
Australian Dollar Analysis: AUD/USD Rises Despite RBA Rate Cut on Coronavirus Threat
-
USD/JPY and AUD/USD Forecast March 3, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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