AUD/USD

- USD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	AUDUSD
ISIN:

AUD/USD - 1H - Technical analysis published on 04/09/2024 (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%

17%

My opinion

Bullish above 0.6592 USD

My targets

0.6633 USD (+0.0010)

0.6697 USD (+0.0074)

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 0.6592 USD. The buyers' bullish objective is set at 0.6633 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.6697 USD. If there is any crossing, the next objective would be the resistance located at 0.6730 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.8

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 0.6623 USD. The price has increased by +0.27% since the last closing and was traded between 0.6598 USD and 0.6626 USD over the period. The price is currently at +0.38% from its lowest and -0.05% from its highest.

0.6598

0.6626

0.6623

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

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 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6552	0.6592	0.6619	0.6623	0.6633	0.6730	0.6787
Change (%)	-1.07%	-0.47%	-0.06%	-	+0.15%	+1.62%	+2.48%
Change	-0.0071	-0.0031	-0.0004	-	+0.0010	+0.0107	+0.0164
Level	Major	Minor	Intermediate	-	Major	Minor	Minor

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	0.6522	0.6540	0.6573	0.6591	0.6624	0.6642	0.6675
Camarilla	0.6591	0.6596	0.6600	0.6605	0.6610	0.6614	0.6619
Woodie	0.6529	0.6544	0.6580	0.6595	0.6631	0.6646	0.6682
Fibonacci	0.6540	0.6560	0.6572	0.6591	0.6611	0.6623	0.6642

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6359	0.6419	0.6498	0.6558	0.6637	0.6697	0.6776
Camarilla	0.6538	0.6551	0.6563	0.6576	0.6589	0.6602	0.6614
Woodie	0.6368	0.6424	0.6507	0.6563	0.6646	0.6702	0.6785
Fibonacci	0.6419	0.6472	0.6505	0.6558	0.6611	0.6644	0.6697

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6249	0.6363	0.6439	0.6553	0.6629	0.6743	0.6819
Camarilla	0.6462	0.6479	0.6497	0.6514	0.6531	0.6549	0.6566
Woodie	0.6229	0.6354	0.6419	0.6544	0.6609	0.6734	0.6799
Fibonacci	0.6363	0.6436	0.6481	0.6553	0.6626	0.6671	0.6743

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):	68.85
MACD (12,26,9):	0.0007
Directional Movement:	18.6439
AROON (14):	50.0000
DEMA (21):	0.6617
Parabolic SAR (0,02-0,02-0,2):	0.6600
Elder Ray (13):	0.0013
Super Trend (3,10):	0.6600
Zig ZAG (10):	0.6623
VORTEX (21):	1.1656
Stochastique (14,3,5):	94.05
TEMA (21):	0.6619
Williams %R (14):	-7.14
Chande Momentum Oscillator (20):	0.0018
Repulse (5,40,3):	0.1423
ROCnROLL:	1
TRIX (15,9):	0.0136
Courbe Coppock:	0.32

MA7:	0.6566
MA20:	0.6556
MA50:	0.6545
MA100:	0.6599
MAexp7:	0.6616
MAexp20:	0.6607
MAexp50:	0.6596
MAexp100:	0.6581
Price / MA7:	+0.87%
Price / MA20:	+1.02%
Price / MA50:	+1.19%
Price / MA100:	+0.36%
Price / MAexp7:	+0.11%
Price / MAexp20:	+0.24%
Price / MAexp50:	+0.41%
Price / MAexp100:	+0.64%

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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