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AUD/USD
AUD USD
- USD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: AUDUSD
ISIN:

AUD/USD - 1H - Technical analysis published on 06/03/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 0.6638 USD
My targets
0.6680 USD (+0.0025)
0.6700 USD (+0.0045)
My analysis
AUD/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.6638 USD. The next resistance located at 0.6680 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.6700 USD. After this resistance, buyers could then target 0.6864 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.9

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.

dtaccori
This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

AUD/USD rating 0.6655 USD. The price registered an increase of +0.03% on the session and was between 0.6632 USD and 0.6665 USD. This implies that the price is at +0.35% from its lowest and at -0.15% from its highest.

0.6632
0.6665
0.6655

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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 for higher/lower results shows the following items:

Central Records

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 this 1H chart of AUD/USD indicates that the overall trend is strongly bullish. 82.14% 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 scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

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:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.6608 0.6629 0.6638 0.6655 0.6660 0.6680 0.6700
Change (%) -0.71% -0.39% -0.26% - +0.08% +0.38% +0.68%
Change -0.0047 -0.0026 -0.0017 - +0.0005 +0.0025 +0.0045
Level Minor Major Minor - Minor Intermediate Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.65810.66040.66280.66510.66750.66980.6722
Camarilla0.66400.66440.66490.66530.66570.66620.6666
Woodie0.65830.66040.66300.66510.66770.66980.6724
Fibonacci0.66040.66220.66330.66510.66690.66800.6698


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.65140.65520.66030.66410.66920.67300.6781
Camarilla0.66290.66370.66450.66530.66610.66690.6678
Woodie0.65200.65550.66090.66440.66980.67330.6787
Fibonacci0.65520.65860.66070.66410.66750.66960.6730


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.62580.63620.65070.66110.67560.68600.7005
Camarilla0.65850.66070.66300.66530.66760.66990.6722
Woodie0.62800.63720.65290.66210.67780.68700.7027
Fibonacci0.63620.64570.65160.66110.67060.67650.6860

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): 56.29
MACD (12,26,9): 0.0000
Directional Movement: 6.4685
AROON (14): -50.0000
DEMA (21): 0.6648
Parabolic SAR (0,02-0,02-0,2): 0.6658
Elder Ray (13): 0.0005
Super Trend (3,10): 0.6632
Zig ZAG (10): 0.6655
VORTEX (21): 1.0518
Stochastique (14,3,5): 45.45
TEMA (21): 0.6646
Williams %R (14): -24.24
Chande Momentum Oscillator (20): 0.0002
Repulse (5,40,3): 0.2789
ROCnROLL: 1
TRIX (15,9): 0.0034
Courbe Coppock: 0.17
MA7: 0.6641
MA20: 0.6637
MA50: 0.6566
MA100: 0.6559
MAexp7: 0.6647
MAexp20: 0.6647
MAexp50: 0.6643
MAexp100: 0.6641
Price / MA7: +0.21%
Price / MA20: +0.27%
Price / MA50: +1.36%
Price / MA100: +1.46%
Price / MAexp7: +0.12%
Price / MAexp20: +0.12%
Price / MAexp50: +0.18%
Price / MAexp100: +0.21%

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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