EUR/AUD - 1H - Technical analysis published on 04/22/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.6537 AUD
My targets
1.6498 AUD (-0.0020)
1.6382 AUD (-0.0136)
My analysis
EUR/AUD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.6537 AUD. The next support located at 1.6498 AUD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.6382 AUD. Below this support, sellers could then target 1.6279 AUD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.8
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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 1.6518 AUD. The price registered a decrease of -0.52% on the session and was between 1.6515 AUD and 1.6624 AUD. This implies that the price is at +0.02% from its lowest and at -0.64% from its highest.1.6515
1.6624
1.6518
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/AUD:
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 this 1H chart of EUR/AUD indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong 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:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 1.6279 | 1.6382 | 1.6498 | 1.6518 | 1.6537 | 1.6585 | 1.6615 |
| Change (%) | -1.45% | -0.82% | -0.12% | - | +0.12% | +0.41% | +0.59% |
| Change | -0.0239 | -0.0136 | -0.0020 | - | +0.0019 | +0.0067 | +0.0097 |
| Level | Major | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6437 | 1.6501 | 1.6553 | 1.6617 | 1.6669 | 1.6733 | 1.6785 |
| Camarilla | 1.6572 | 1.6583 | 1.6593 | 1.6604 | 1.6615 | 1.6625 | 1.6636 |
| Woodie | 1.6430 | 1.6498 | 1.6546 | 1.6614 | 1.6662 | 1.6730 | 1.6778 |
| Fibonacci | 1.6501 | 1.6546 | 1.6573 | 1.6617 | 1.6662 | 1.6689 | 1.6733 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6183 | 1.6299 | 1.6451 | 1.6567 | 1.6719 | 1.6835 | 1.6987 |
| Camarilla | 1.6530 | 1.6555 | 1.6579 | 1.6604 | 1.6629 | 1.6653 | 1.6678 |
| Woodie | 1.6202 | 1.6308 | 1.6470 | 1.6576 | 1.6738 | 1.6844 | 1.7006 |
| Fibonacci | 1.6299 | 1.6401 | 1.6464 | 1.6567 | 1.6669 | 1.6732 | 1.6835 |
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): | 35.91 | |
| MACD (12,26,9): | -0.0017 | |
| Directional Movement: | -10.4879 | |
| AROON (14): | -42.8572 | |
| DEMA (21): | 1.6528 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6573 | |
| Elder Ray (13): | -0.0017 | |
| Super Trend (3,10): | 1.6573 | |
| Zig ZAG (10): | 1.6521 | |
| VORTEX (21): | 0.7913 | |
| Stochastique (14,3,5): | 13.78 | |
| TEMA (21): | 1.6518 | |
| Williams %R (14): | -93.33 | |
| Chande Momentum Oscillator (20): | -0.0066 | |
| Repulse (5,40,3): | -0.0710 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0130 | |
| Courbe Coppock: | 0.48 |
| MA7: | 1.6540 | |
| MA20: | 1.6514 | |
| MA50: | 1.6545 | |
| MA100: | 1.6470 | |
| MAexp7: | 1.6530 | |
| MAexp20: | 1.6549 | |
| MAexp50: | 1.6566 | |
| MAexp100: | 1.6559 | |
| Price / MA7: | -0.13% | |
| Price / MA20: | +0.02% | |
| Price / MA50: | -0.16% | |
| Price / MA100: | +0.29% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -0.25% |
Quotes :
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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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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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