AUD/USD

- USD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	AUDUSD
ISIN:

AUD/USD - 1H - Technical analysis published on 05/17/2024 (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 0.6654 USD

My targets

0.6695 USD (+0.0008)

0.6714 USD (+0.0027)

My analysis

The bullish trend is currently very strong on AUD/USD. As long as the price remains above the support at 0.6654 USD, you could try to benefit from the boom. The first bullish objective is located at 0.6695 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.6714 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

8.4

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 0.6687 USD. On the day, this instrument gained +0.08% and was between 0.6648 USD and 0.6693 USD. This implies that the price is at +0.59% from its lowest and at -0.09% from its highest.

0.6648

0.6693

0.6687

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 LOW record (1st january)

Type : Bearish

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 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

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 detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Horizontal resistance 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	0.6629	0.6654	0.6683	0.6687	0.6695	0.6714	0.6864
Change (%)	-0.87%	-0.49%	-0.06%	-	+0.12%	+0.40%	+2.65%
Change	-0.0058	-0.0033	-0.0004	-	+0.0008	+0.0027	+0.0177
Level	Major	Minor	Major	-	Minor	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	0.6593	0.6623	0.6653	0.6683	0.6713	0.6743	0.6773
Camarilla	0.6666	0.6671	0.6677	0.6682	0.6688	0.6693	0.6699
Woodie	0.6592	0.6623	0.6652	0.6683	0.6712	0.6743	0.6772
Fibonacci	0.6623	0.6646	0.6660	0.6683	0.6706	0.6720	0.6743

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	59.96
MACD (12,26,9):	0.0001
Directional Movement:	16.4853
AROON (14):	28.5714
DEMA (21):	0.6672
Parabolic SAR (0,02-0,02-0,2):	0.6652
Elder Ray (13):	0.0014
Super Trend (3,10):	0.6655
Zig ZAG (10):	0.6685
VORTEX (21):	1.0253
Stochastique (14,3,5):	82.96
TEMA (21):	0.6672
Williams %R (14):	-17.78
Chande Momentum Oscillator (20):	0.0023
Repulse (5,40,3):	0.1559
ROCnROLL:	1
TRIX (15,9):	-0.0051
Courbe Coppock:	0.05

MA7:	0.6646
MA20:	0.6577
MA50:	0.6551
MA100:	0.6567
MAexp7:	0.6676
MAexp20:	0.6671
MAexp50:	0.6667
MAexp100:	0.6654
Price / MA7:	+0.62%
Price / MA20:	+1.67%
Price / MA50:	+2.08%
Price / MA100:	+1.83%
Price / MAexp7:	+0.16%
Price / MAexp20:	+0.24%
Price / MAexp50:	+0.30%
Price / MAexp100:	+0.50%

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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