EUR/AUD - 1H - Technical analysis published on 04/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1.6316 AUD
My targets
1.6487 AUD (+0.0091)
1.6587 AUD (+0.0191)
My analysis
The strong short-term increase for EUR/AUD reinforces the current slightly bullish trend. As long as the price remains above 1.6316 AUD, you could take advantage of this bullish acceleration. The first bullish objective is located at 1.6487 AUD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.6587 AUD as an objective. Crossing it would then enable buyers to target 1.6703 AUD. A return to 1.6316 AUD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.5
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/AUD rating 1.6396 AUD. On the day, this instrument gained +0.39% with the lowest point at 1.6323 AUD and the highest point at 1.6417 AUD. The deviation from the price is +0.45% for the low point and -0.13% for the high point.1.6323
1.6417
1.6396
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
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 slightly bullish. 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
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 : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 1.6316 | 1.6382 | 1.6396 | 1.6487 | 1.6587 | 1.6703 |
| Change (%) | -0.71% | -0.49% | -0.09% | - | +0.56% | +1.16% | +1.87% |
| Change | -0.0117 | -0.0080 | -0.0014 | - | +0.0091 | +0.0191 | +0.0307 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor | Major |
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 | 1.6164 | 1.6227 | 1.6280 | 1.6343 | 1.6396 | 1.6459 | 1.6512 |
| Camarilla | 1.6300 | 1.6311 | 1.6321 | 1.6332 | 1.6343 | 1.6353 | 1.6364 |
| Woodie | 1.6158 | 1.6225 | 1.6274 | 1.6341 | 1.6390 | 1.6457 | 1.6506 |
| Fibonacci | 1.6227 | 1.6272 | 1.6299 | 1.6343 | 1.6388 | 1.6415 | 1.6459 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5995 | 1.6172 | 1.6270 | 1.6447 | 1.6545 | 1.6722 | 1.6820 |
| Camarilla | 1.6292 | 1.6318 | 1.6343 | 1.6368 | 1.6393 | 1.6418 | 1.6444 |
| Woodie | 1.5956 | 1.6152 | 1.6231 | 1.6427 | 1.6506 | 1.6702 | 1.6781 |
| Fibonacci | 1.6172 | 1.6277 | 1.6342 | 1.6447 | 1.6552 | 1.6617 | 1.6722 |
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 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): | 72.63 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 23.2018 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 1.6374 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6340 | |
| Elder Ray (13): | 0.0038 | |
| Super Trend (3,10): | 1.6352 | |
| Zig ZAG (10): | 1.6405 | |
| VORTEX (21): | 1.2145 | |
| Stochastique (14,3,5): | 93.37 | |
| TEMA (21): | 1.6397 | |
| Williams %R (14): | -11.22 | |
| Chande Momentum Oscillator (20): | 0.0083 | |
| Repulse (5,40,3): | 0.1201 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0021 | |
| Courbe Coppock: | 0.72 |
| MA7: | 1.6432 | |
| MA20: | 1.6473 | |
| MA50: | 1.6532 | |
| MA100: | 1.6472 | |
| MAexp7: | 1.6386 | |
| MAexp20: | 1.6362 | |
| MAexp50: | 1.6368 | |
| MAexp100: | 1.6400 | |
| Price / MA7: | -0.22% | |
| Price / MA20: | -0.47% | |
| Price / MA50: | -0.82% | |
| Price / MA100: | -0.46% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | -0.02% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/AUD at the time of the generation of this analysis 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.
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