AUD/USD

- USD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	AUDUSD
ISIN:

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

Londinia

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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

72%

28%

My opinion

Bullish above 0.6552 USD

My targets

0.6587 USD (+0.0018)

0.6634 USD (+0.0065)

My analysis

The bullish trend is currently very strong on AUD/USD. As long as the price remains above the support at 0.6552 USD, you could try to benefit from the boom. The first bullish objective is located at 0.6587 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.6634 USD as an objective. Crossing it would then enable buyers to target 0.6864 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

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 0.6569 USD. On the day, this instrument gained +0.60% with the lowest point at 0.6515 USD and the highest point at 0.6573 USD. The deviation from the price is +0.83% for the low point and -0.06% for the high point.

0.6515

0.6573

0.6569

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 HIGH record (1 year)

Type : Bullish

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. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
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

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

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

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6498	0.6517	0.6552	0.6569	0.6587	0.6634	0.6864
Change (%)	-1.08%	-0.79%	-0.26%	-	+0.27%	+0.99%	+4.49%
Change	-0.0071	-0.0052	-0.0017	-	+0.0018	+0.0065	+0.0295
Level	Intermediate	Minor	Major	-	Minor	Intermediate	Major

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	0.6408	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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	67.67
MACD (12,26,9):	0.0014
Directional Movement:	19.5349
AROON (14):	28.5715
DEMA (21):	0.6565
Parabolic SAR (0,02-0,02-0,2):	0.6531
Elder Ray (13):	0.0013
Super Trend (3,10):	0.6534
Zig ZAG (10):	0.6567
VORTEX (21):	1.2143
Stochastique (14,3,5):	89.29
TEMA (21):	0.6571
Williams %R (14):	-8.93
Chande Momentum Oscillator (20):	0.0045
Repulse (5,40,3):	0.1458
ROCnROLL:	1
TRIX (15,9):	0.0281
Courbe Coppock:	0.88

MA7:	0.6526
MA20:	0.6504
MA50:	0.6532
MA100:	0.6582
MAexp7:	0.6562
MAexp20:	0.6547
MAexp50:	0.6530
MAexp100:	0.6521
Price / MA7:	+0.66%
Price / MA20:	+1.00%
Price / MA50:	+0.57%
Price / MA100:	-0.20%
Price / MAexp7:	+0.11%
Price / MAexp20:	+0.34%
Price / MAexp50:	+0.60%
Price / MAexp100:	+0.74%

Quotes : - Real time data - Forex

News

The latest news and videos published on AUD/USD at the time of the analysis were as follows:

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

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