AUD/USD

- USD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	AUDUSD
ISIN:

AUD/USD - 1H - Technical analysis published on 05/02/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 0.6552 USD

My targets

0.6587 USD (+0.0024)

0.6634 USD (+0.0071)

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 0.6552 USD. The next resistance located at 0.6587 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 0.6634 USD. After this resistance, buyers could then target 0.6864 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

8.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The AUD/USD price is 0.6563 USD. The price registered an increase of +0.51% on the session and was between 0.6515 USD and 0.6564 USD. This implies that the price is at +0.74% from its lowest and at -0.02% from its highest.

0.6515

0.6564

0.6563

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this AUD/USD chart shows a strongly bullish trend. 89.29% 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.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6498	0.6517	0.6552	0.6563	0.6587	0.6634	0.6864
Change (%)	-0.99%	-0.70%	-0.17%	-	+0.37%	+1.08%	+4.59%
Change	-0.0065	-0.0046	-0.0011	-	+0.0024	+0.0071	+0.0301
Level	Intermediate	Minor	Major	-	Minor	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6408	0.6437	0.6483	0.6512	0.6558	0.6587	0.6633
Camarilla	0.6509	0.6516	0.6523	0.6530	0.6537	0.6544	0.6551
Woodie	0.6418	0.6441	0.6493	0.6516	0.6568	0.6591	0.6643
Fibonacci	0.6437	0.6465	0.6483	0.6512	0.6540	0.6558	0.6587

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6295	0.6351	0.6442	0.6498	0.6589	0.6645	0.6736
Camarilla	0.6493	0.6506	0.6520	0.6533	0.6547	0.6560	0.6573
Woodie	0.6313	0.6360	0.6460	0.6507	0.6607	0.6654	0.6754
Fibonacci	0.6351	0.6407	0.6442	0.6498	0.6554	0.6589	0.6645

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6060	0.6211	0.6343	0.6494	0.6626	0.6777	0.6909
Camarilla	0.6397	0.6423	0.6449	0.6475	0.6501	0.6527	0.6553
Woodie	0.6051	0.6206	0.6334	0.6489	0.6617	0.6772	0.6900
Fibonacci	0.6211	0.6319	0.6386	0.6494	0.6602	0.6669	0.6777

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):	69.71
MACD (12,26,9):	0.0011
Directional Movement:	16.1076
AROON (14):	21.4286
DEMA (21):	0.6547
Parabolic SAR (0,02-0,02-0,2):	0.6518
Elder Ray (13):	0.0020
Super Trend (3,10):	0.6518
Zig ZAG (10):	0.6563
VORTEX (21):	1.2085
Stochastique (14,3,5):	94.55
TEMA (21):	0.6553
Williams %R (14):	-2.13
Chande Momentum Oscillator (20):	0.0022
Repulse (5,40,3):	0.4336
ROCnROLL:	1
TRIX (15,9):	0.0225
Courbe Coppock:	0.35

MA7:	0.6526
MA20:	0.6504
MA50:	0.6532
MA100:	0.6582
MAexp7:	0.6546
MAexp20:	0.6533
MAexp50:	0.6521
MAexp100:	0.6517
Price / MA7:	+0.57%
Price / MA20:	+0.91%
Price / MA50:	+0.47%
Price / MA100:	-0.29%
Price / MAexp7:	+0.26%
Price / MAexp20:	+0.46%
Price / MAexp50:	+0.64%
Price / MAexp100:	+0.71%

Quotes : - Real time data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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