EUR/AUD - 1H - Technical analysis published on 05/01/2024 (GMT)
- 64
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
11%
56%
33%
My opinion
Neutral between 1.6382 AUD and 1.6487 AUD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on EUR/AUD. It is difficult to advise a trading direction under these conditions. The first resistance is located at 1.6487 AUD. The first support is located at 1.6382 AUD. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
Technical indicators are bearish in the very shrot term and could soon allow change to a bearish sentiment.
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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 price is 1.6442 AUD. On the day, this instrument lost -0.19% with the lowest point at 1.6438 AUD and the highest point at 1.6490 AUD. The deviation from the price is +0.02% for the low point and -0.29% for the high point.1.6438
1.6490
1.6442
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
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 slightly bullish. 60.71% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the slightly bullish trend could return to neutral. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is moderate given the direction of the technical indicators.
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
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Near support of channel
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 | 1.6349 | 1.6382 | 1.6442 | 1.6454 | 1.6487 | 1.6563 |
| Change (%) | -0.99% | -0.57% | -0.36% | - | +0.07% | +0.27% | +0.74% |
| Change | -0.0163 | -0.0093 | -0.0060 | - | +0.0012 | +0.0045 | +0.0121 |
| Level | Major | Minor | Major | - | Minor | Major | Minor |
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 | 1.6190 | 1.6256 | 1.6365 | 1.6431 | 1.6540 | 1.6606 | 1.6715 |
| Camarilla | 1.6425 | 1.6441 | 1.6457 | 1.6473 | 1.6489 | 1.6505 | 1.6521 |
| Woodie | 1.6211 | 1.6267 | 1.6386 | 1.6442 | 1.6561 | 1.6617 | 1.6736 |
| Fibonacci | 1.6256 | 1.6323 | 1.6365 | 1.6431 | 1.6498 | 1.6540 | 1.6606 |
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 | 1.5891 | 1.6091 | 1.6282 | 1.6482 | 1.6673 | 1.6873 | 1.7064 |
| Camarilla | 1.6366 | 1.6401 | 1.6437 | 1.6473 | 1.6509 | 1.6545 | 1.6581 |
| Woodie | 1.5887 | 1.6089 | 1.6278 | 1.6480 | 1.6669 | 1.6871 | 1.7060 |
| Fibonacci | 1.6091 | 1.6240 | 1.6333 | 1.6482 | 1.6631 | 1.6724 | 1.6873 |
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): | 43.71 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 0.2621 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 1.6468 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6477 | |
| Elder Ray (13): | -0.0016 | |
| Super Trend (3,10): | 1.6423 | |
| Zig ZAG (10): | 1.6439 | |
| VORTEX (21): | 0.9181 | |
| Stochastique (14,3,5): | 18.51 | |
| TEMA (21): | 1.6457 | |
| Williams %R (14): | -95.35 | |
| Chande Momentum Oscillator (20): | -0.0025 | |
| Repulse (5,40,3): | -0.1106 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0101 | |
| Courbe Coppock: | 0.17 |
| MA7: | 1.6432 | |
| MA20: | 1.6473 | |
| MA50: | 1.6532 | |
| MA100: | 1.6473 | |
| MAexp7: | 1.6455 | |
| MAexp20: | 1.6458 | |
| MAexp50: | 1.6437 | |
| MAexp100: | 1.6430 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | -0.19% | |
| Price / MA50: | -0.54% | |
| Price / MA100: | -0.19% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.07% |
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
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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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