AUD/USD

- USD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	AUDUSD
ISIN:

AUD/USD - 1H - Technical analysis published on 05/03/2024 (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

61%

39%

My opinion

Bullish above 0.6552 USD

My targets

0.6587 USD (+0.0016)

0.6634 USD (+0.0063)

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 0.6552 USD. The buyers' bullish objective is set at 0.6587 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.6634 USD. If there is any crossing, the next objective would be the resistance located at 0.6864 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

AUD/USD rating 0.6571 USD. On the day, this instrument gained +0.02% with the lowest point at 0.6564 USD and the highest point at 0.6585 USD. The deviation from the price is +0.11% for the low point and -0.21% for the high point.

0.6564

0.6585

0.6571

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

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. 92.86% 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. An assessment of moving averages reveals a bullish signal that could impact this trend:

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : 1 hour

The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner found no further results concerning independent technical indicators.

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6498	0.6530	0.6552	0.6571	0.6573	0.6587	0.6634
Change (%)	-1.11%	-0.62%	-0.29%	-	+0.03%	+0.24%	+0.96%
Change	-0.0073	-0.0041	-0.0019	-	+0.0002	+0.0016	+0.0063
Level	Intermediate	Intermediate	Intermediate	-	Intermediate	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6472	0.6493	0.6532	0.6553	0.6592	0.6613	0.6652
Camarilla	0.6554	0.6559	0.6565	0.6570	0.6576	0.6581	0.6587
Woodie	0.6480	0.6498	0.6540	0.6558	0.6600	0.6618	0.6660
Fibonacci	0.6493	0.6516	0.6530	0.6553	0.6576	0.6590	0.6613

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

Technical indicators

Moving averages

RSI (14):	65.79
MACD (12,26,9):	0.0013
Directional Movement:	16.5265
AROON (14):	64.2857
DEMA (21):	0.6581
Parabolic SAR (0,02-0,02-0,2):	0.6562
Elder Ray (13):	0.0007
Super Trend (3,10):	0.6548
Zig ZAG (10):	0.6576
VORTEX (21):	1.2009
Stochastique (14,3,5):	77.98
TEMA (21):	0.6584
Williams %R (14):	-25.81
Chande Momentum Oscillator (20):	0.0004
Repulse (5,40,3):	0.0301
ROCnROLL:	1
TRIX (15,9):	0.0317
Courbe Coppock:	0.93

MA7:	0.6537
MA20:	0.6504
MA50:	0.6532
MA100:	0.6581
MAexp7:	0.6574
MAexp20:	0.6563
MAexp50:	0.6542
MAexp100:	0.6529
Price / MA7:	+0.52%
Price / MA20:	+1.03%
Price / MA50:	+0.60%
Price / MA100:	-0.15%
Price / MAexp7:	-0.05%
Price / MAexp20:	+0.12%
Price / MAexp50:	+0.44%
Price / MAexp100:	+0.64%

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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