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 04/09/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.6619 USD

My targets

0.6697 USD (+0.0062)

0.6730 USD (+0.0095)

My analysis

The bullish trend is currently very strong on AUD/USD. As long as the price remains above the support at 0.6619 USD, you could try to benefit from the boom. The first bullish objective is located at 0.6697 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.6730 USD as an objective. Crossing it would then enable buyers to target 0.6787 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

8.9

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 0.6635 USD. The price registered an increase of +0.45% on the session and was between 0.6598 USD and 0.6636 USD. This implies that the price is at +0.56% from its lowest and at -0.02% from its highest.

0.6598

0.6636

0.6635

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 this 1H chart of AUD/USD indicates that the overall trend is strongly bullish. 92.86% 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 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:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

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

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

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	0.6592	0.6619	0.6633	0.6635	0.6730	0.6787	0.6878
Change (%)	-0.65%	-0.24%	-0.03%	-	+1.43%	+2.29%	+3.66%
Change	-0.0043	-0.0016	-0.0002	-	+0.0095	+0.0152	+0.0243
Level	Minor	Intermediate	Major	-	Minor	Minor	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	0.6522	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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	71.53
MACD (12,26,9):	0.0009
Directional Movement:	20.3508
AROON (14):	64.2857
DEMA (21):	0.6623
Parabolic SAR (0,02-0,02-0,2):	0.6603
Elder Ray (13):	0.0017
Super Trend (3,10):	0.6606
Zig ZAG (10):	0.6631
VORTEX (21):	1.2108
Stochastique (14,3,5):	85.53
TEMA (21):	0.6627
Williams %R (14):	-5.26
Chande Momentum Oscillator (20):	0.0028
Repulse (5,40,3):	0.2263
ROCnROLL:	1
TRIX (15,9):	0.0153
Courbe Coppock:	0.52

MA7:	0.6568
MA20:	0.6556
MA50:	0.6545
MA100:	0.6599
MAexp7:	0.6623
MAexp20:	0.6611
MAexp50:	0.6598
MAexp100:	0.6583
Price / MA7:	+1.02%
Price / MA20:	+1.21%
Price / MA50:	+1.38%
Price / MA100:	+0.55%
Price / MAexp7:	+0.18%
Price / MAexp20:	+0.36%
Price / MAexp50:	+0.56%
Price / MAexp100:	+0.79%

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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