EUR/AUD - 1H - Technical analysis published on 04/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1.6510 AUD
My targets
1.6619 AUD (+0.0026)
1.6703 AUD (+0.0110)
My analysis
The basic bullish trend is very strong on EUR/AUD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1.6510 AUD. Crossing the first resistance at 1.6619 AUD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.6703 AUD as an objective. Crossing it would then enable buyers to target 1.6839 AUD. Caution, a return to below 1.6510 AUD would be a sign of a consolidation phase in the short-term basic trend. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/AUD rating is 1.6593 AUD. The price has increased by +0.18% since the last closing with the lowest point at 1.6536 AUD and the highest point at 1.6598 AUD. The deviation from the price is +0.34% for the low point and -0.03% for the high point.1.6536
1.6598
1.6593
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/AUD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently positioned 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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6426 | 1.6453 | 1.6510 | 1.6593 | 1.6619 | 1.6703 | 1.6839 |
| Change (%) | -1.01% | -0.84% | -0.50% | - | +0.16% | +0.66% | +1.48% |
| Change | -0.0167 | -0.0140 | -0.0083 | - | +0.0026 | +0.0110 | +0.0246 |
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6365 | 1.6427 | 1.6495 | 1.6557 | 1.6625 | 1.6687 | 1.6755 |
| Camarilla | 1.6527 | 1.6539 | 1.6551 | 1.6563 | 1.6575 | 1.6587 | 1.6599 |
| Woodie | 1.6368 | 1.6429 | 1.6498 | 1.6559 | 1.6628 | 1.6689 | 1.6758 |
| Fibonacci | 1.6427 | 1.6477 | 1.6507 | 1.6557 | 1.6607 | 1.6637 | 1.6687 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6234 | 1.6302 | 1.6383 | 1.6451 | 1.6532 | 1.6600 | 1.6681 |
| Camarilla | 1.6423 | 1.6437 | 1.6450 | 1.6464 | 1.6478 | 1.6491 | 1.6505 |
| Woodie | 1.6241 | 1.6305 | 1.6390 | 1.6454 | 1.6539 | 1.6603 | 1.6688 |
| Fibonacci | 1.6302 | 1.6359 | 1.6394 | 1.6451 | 1.6508 | 1.6543 | 1.6600 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6112 | 1.6276 | 1.6416 | 1.6580 | 1.6720 | 1.6884 | 1.7024 |
| Camarilla | 1.6472 | 1.6500 | 1.6528 | 1.6556 | 1.6584 | 1.6612 | 1.6640 |
| Woodie | 1.6100 | 1.6270 | 1.6404 | 1.6574 | 1.6708 | 1.6878 | 1.7012 |
| Fibonacci | 1.6276 | 1.6392 | 1.6464 | 1.6580 | 1.6696 | 1.6768 | 1.6884 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.23 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | 7.9956 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 1.6574 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6538 | |
| Elder Ray (13): | 0.0023 | |
| Super Trend (3,10): | 1.6545 | |
| Zig ZAG (10): | 1.6597 | |
| VORTEX (21): | 1.0369 | |
| Stochastique (14,3,5): | 84.87 | |
| TEMA (21): | 1.6566 | |
| Williams %R (14): | -14.52 | |
| Chande Momentum Oscillator (20): | 0.0028 | |
| Repulse (5,40,3): | 0.2146 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0037 | |
| Courbe Coppock: | 0.01 |
| MA7: | 1.6486 | |
| MA20: | 1.6515 | |
| MA50: | 1.6543 | |
| MA100: | 1.6469 | |
| MAexp7: | 1.6571 | |
| MAexp20: | 1.6564 | |
| MAexp50: | 1.6543 | |
| MAexp100: | 1.6512 | |
| Price / MA7: | +0.65% | |
| Price / MA20: | +0.47% | |
| Price / MA50: | +0.30% | |
| Price / MA100: | +0.75% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +0.49% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on EUR/AUD at the time of the analysis were as follows:
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Both Dollar and S&P 500 Edge Higher after Factory Report, EURAUD A Pair to Watch
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Weekly Technical Analysis: 19/08/2019 - GBPJPY, USDCAD, EURAUD
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An Underappreciated Technical and Fundamental Appeal of EURAUD
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Trading Sentiment: Poor for EUR, AUD and GBP | Webinar
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EURAUD and EURCAD Weekly Trend Flow
This member declared not having a position on this financial instrument or a related financial instrument.
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