EUR/AUD - 1H - Technical analysis published on 02/28/2024 (GMT)
- 67
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 1.6617 AUD
My targets
1.6778 AUD (+0.0088)
1.6968 AUD (+0.0278)
My analysis
EUR/AUD 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 1.6617 AUD. The next resistance located at 1.6778 AUD 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 1.6968 AUD. After this resistance, buyers could then target 1.6993 AUD. 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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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
EUR/AUD rating 1.6690 AUD. The price has increased by +0.74% since the last closing and was traded between 1.6557 AUD and 1.6694 AUD over the period. The price is currently at +0.80% from its lowest and -0.02% from its highest.1.6557
1.6694
1.6690
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/AUD 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. 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
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
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
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6571 | 1.6596 | 1.6617 | 1.6690 | 1.6778 | 1.6993 | 1.8895 |
| Change (%) | -0.71% | -0.56% | -0.44% | - | +0.53% | +1.82% | +13.21% |
| Change | -0.0119 | -0.0094 | -0.0073 | - | +0.0088 | +0.0303 | +0.2205 |
| Level | Minor | Major | Major | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6460 | 1.6506 | 1.6536 | 1.6582 | 1.6612 | 1.6658 | 1.6688 |
| Camarilla | 1.6546 | 1.6553 | 1.6560 | 1.6567 | 1.6574 | 1.6581 | 1.6588 |
| Woodie | 1.6453 | 1.6502 | 1.6529 | 1.6578 | 1.6605 | 1.6654 | 1.6681 |
| Fibonacci | 1.6506 | 1.6535 | 1.6553 | 1.6582 | 1.6611 | 1.6629 | 1.6658 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6365 | 1.6408 | 1.6451 | 1.6494 | 1.6537 | 1.6580 | 1.6623 |
| Camarilla | 1.6469 | 1.6477 | 1.6485 | 1.6493 | 1.6501 | 1.6509 | 1.6517 |
| Woodie | 1.6364 | 1.6408 | 1.6450 | 1.6494 | 1.6536 | 1.6580 | 1.6622 |
| Fibonacci | 1.6408 | 1.6441 | 1.6462 | 1.6494 | 1.6527 | 1.6548 | 1.6580 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5623 | 1.5876 | 1.6169 | 1.6422 | 1.6715 | 1.6968 | 1.7261 |
| Camarilla | 1.6312 | 1.6362 | 1.6412 | 1.6462 | 1.6512 | 1.6562 | 1.6612 |
| Woodie | 1.5643 | 1.5886 | 1.6189 | 1.6432 | 1.6735 | 1.6978 | 1.7281 |
| Fibonacci | 1.5876 | 1.6085 | 1.6213 | 1.6422 | 1.6631 | 1.6759 | 1.6968 |
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): | 75.51 | |
| MACD (12,26,9): | 0.0028 | |
| Directional Movement: | 24.3361 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 1.6683 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6669 | |
| Elder Ray (13): | 0.0022 | |
| Super Trend (3,10): | 1.6635 | |
| Zig ZAG (10): | 1.6690 | |
| VORTEX (21): | 1.2950 | |
| Stochastique (14,3,5): | 88.67 | |
| TEMA (21): | 1.6695 | |
| Williams %R (14): | -6.10 | |
| Chande Momentum Oscillator (20): | 0.0059 | |
| Repulse (5,40,3): | 0.0803 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0205 | |
| Courbe Coppock: | 0.88 |
| MA7: | 1.6551 | |
| MA20: | 1.6538 | |
| MA50: | 1.6435 | |
| MA100: | 1.6510 | |
| MAexp7: | 1.6678 | |
| MAexp20: | 1.6648 | |
| MAexp50: | 1.6610 | |
| MAexp100: | 1.6576 | |
| Price / MA7: | +0.84% | |
| Price / MA20: | +0.92% | |
| Price / MA50: | +1.55% | |
| Price / MA100: | +1.09% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | +0.48% | |
| Price / MAexp100: | +0.69% |
Quotes :
-
Real time data
-
Forex
News
Don't forget to follow the news on EUR/AUD. At the time of publication of this analysis, the latest news was as follows:
-
Both Dollar and S&P 500 Edge Higher after Factory Report, EURAUD A Pair to Watch
-
Weekly Technical Analysis: 19/08/2019 - GBPJPY, USDCAD, EURAUD
-
An Underappreciated Technical and Fundamental Appeal of EURAUD
-
Trading Sentiment: Poor for EUR, AUD and GBP | Webinar
-
EURAUD and EURCAD Weekly Trend Flow
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/AUD - 1H