AUD/USD

- USD (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	AUDUSD
ISIN:

AUD/USD - 1H - Technical analysis published on 05/14/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 0.6586 USD

My targets

0.6629 USD (+0.0018)

0.6650 USD (+0.0039)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AUD/USD as long as the price remains well above 0.6586 USD. The buyers' bullish objective is set at 0.6629 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.6650 USD. If there is any crossing, the next objective would be the resistance located at 0.6675 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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

6.8

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

AUD/USD rating 0.6611 USD. The price has increased by +0.00% since the last closing with the lowest point at 0.6598 USD and the highest point at 0.6612 USD. The deviation from the price is +0.20% for the low point and -0.02% for the high point.

0.6598

0.6612

0.6611

Here is a more detailed summary of the historical variations registered by AUD/USD:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

Technical analysis of AUD/USD in 1H shows a strongly overall bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

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 support of channel

Type : Bullish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

Timeframe : 1 hour

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6552	0.6586	0.6606	0.6611	0.6629	0.6650	0.6675
Change (%)	-0.89%	-0.38%	-0.08%	-	+0.27%	+0.59%	+0.97%
Change	-0.0059	-0.0025	-0.0005	-	+0.0018	+0.0039	+0.0064
Level	Intermediate	Major	Minor	-	Major	Minor	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6545	0.6566	0.6588	0.6609	0.6631	0.6652	0.6674
Camarilla	0.6599	0.6603	0.6607	0.6611	0.6615	0.6619	0.6623
Woodie	0.6547	0.6566	0.6590	0.6609	0.6633	0.6652	0.6676
Fibonacci	0.6566	0.6582	0.6592	0.6609	0.6625	0.6635	0.6652

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6473	0.6515	0.6559	0.6601	0.6645	0.6687	0.6731
Camarilla	0.6578	0.6586	0.6594	0.6602	0.6610	0.6618	0.6626
Woodie	0.6473	0.6516	0.6559	0.6602	0.6645	0.6688	0.6731
Fibonacci	0.6515	0.6548	0.6569	0.6601	0.6634	0.6655	0.6687

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	56.17
MACD (12,26,9):	0.0000
Directional Movement:	4.6075
AROON (14):	-14.2857
DEMA (21):	0.6605
Parabolic SAR (0,02-0,02-0,2):	0.6617
Elder Ray (13):	0.0002
Super Trend (3,10):	0.6620
Zig ZAG (10):	0.6612
VORTEX (21):	0.9048
Stochastique (14,3,5):	71.43
TEMA (21):	0.6604
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.0005
Repulse (5,40,3):	0.1850
ROCnROLL:	1
TRIX (15,9):	-0.0011
Courbe Coppock:	0.18

MA7:	0.6604
MA20:	0.6537
MA50:	0.6545
MA100:	0.6572
MAexp7:	0.6605
MAexp20:	0.6606
MAexp50:	0.6605
MAexp100:	0.6600
Price / MA7:	+0.11%
Price / MA20:	+1.13%
Price / MA50:	+1.01%
Price / MA100:	+0.59%
Price / MAexp7:	+0.09%
Price / MAexp20:	+0.08%
Price / MAexp50:	+0.09%
Price / MAexp100:	+0.17%

Quotes : - Real time data - Forex

News

The last news published on AUD/USD at the time of the generation of this analysis was as follows:

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

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