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

EUR/AUD - 1H - Technical analysis published on 04/17/2024 (GMT)

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Londinia
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 1.6510 AUD
My targets
1.6619 AUD (+0.0068)
1.6703 AUD (+0.0152)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.6510 AUD remains possible. It is advisable to trade EUR/AUD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.6510 AUD. The next bullish objective for buyers is set at 1.6619 AUD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.6703 AUD. If there is any crossing, the next objective would be the resistance located at 1.6839 AUD. PS: if there is a bearish break in the support located at 1.6510 AUD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.6

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

The EUR/AUD price is 1.6551 AUD. On the day, this instrument lost -0.07% with the lowest point at 1.6537 AUD and the highest point at 1.6578 AUD. The deviation from the price is +0.08% for the low point and -0.16% for the high point.

1.6537
1.6578
1.6551

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of EUR/AUD indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

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, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.6426 1.6453 1.6510 1.6551 1.6619 1.6703 1.6839
Change (%) -0.76% -0.59% -0.25% - +0.41% +0.92% +1.74%
Change -0.0125 -0.0098 -0.0041 - +0.0068 +0.0152 +0.0288
Level Major Minor Intermediate - Intermediate Intermediate Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.63651.64271.64951.65571.66251.66871.6755
Camarilla1.65271.65391.65511.65631.65751.65871.6599
Woodie1.63681.64291.64981.65591.66281.66891.6758
Fibonacci1.64271.64771.65071.65571.66071.66371.6687


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.62341.63021.63831.64511.65321.66001.6681
Camarilla1.64231.64371.64501.64641.64781.64911.6505
Woodie1.62411.63051.63901.64541.65391.66031.6688
Fibonacci1.63021.63591.63941.64511.65081.65431.6600


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.61121.62761.64161.65801.67201.68841.7024
Camarilla1.64721.65001.65281.65561.65841.66121.6640
Woodie1.61001.62701.64041.65741.67081.68781.7012
Fibonacci1.62761.63921.64641.65801.66961.67681.6884

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): 47.59
MACD (12,26,9): 0.0004
Directional Movement: -0.1474
AROON (14): -71.4286
DEMA (21): 1.6568
Parabolic SAR (0,02-0,02-0,2): 1.6572
Elder Ray (13): -0.0001
Super Trend (3,10): 1.6545
Zig ZAG (10): 1.6552
VORTEX (21): 0.8704
Stochastique (14,3,5): 40.76
TEMA (21): 1.6556
Williams %R (14): -71.15
Chande Momentum Oscillator (20): -0.0011
Repulse (5,40,3): -0.0950
ROCnROLL: -1
TRIX (15,9): 0.0067
Courbe Coppock: 0.26
MA7: 1.6480
MA20: 1.6513
MA50: 1.6543
MA100: 1.6468
MAexp7: 1.6559
MAexp20: 1.6561
MAexp50: 1.6537
MAexp100: 1.6506
Price / MA7: +0.43%
Price / MA20: +0.23%
Price / MA50: +0.05%
Price / MA100: +0.50%
Price / MAexp7: -0.05%
Price / MAexp20: -0.06%
Price / MAexp50: +0.08%
Price / MAexp100: +0.27%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia
Londinia AI

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