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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 05/02/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
83%
6%
My opinion
Bearish under 1.6382 AUD
My targets
1.6279 AUD (-0.0057)
1.6172 AUD (-0.0164)
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 1.6382 AUD. The next support located at 1.6279 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 1.6172 AUD. Below this support, sellers could then target 1.5898 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8

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 1.6336 AUD. The price registered a decrease of -0.46% on the session with the lowest point at 1.6334 AUD and the highest point at 1.6435 AUD. The deviation from the price is +0.01% for the low point and -0.60% for the high point.

1.6334
1.6435
1.6336

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.5898 1.6172 1.6279 1.6336 1.6349 1.6382 1.6408
Change (%) -2.68% -1.00% -0.35% - +0.08% +0.28% +0.44%
Change -0.0438 -0.0164 -0.0057 - +0.0013 +0.0046 +0.0072
Level Minor Intermediate Major - Minor Major Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.62961.63511.63811.64361.64661.65211.6551
Camarilla1.63891.63961.64041.64121.64201.64281.6435
Woodie1.62851.63451.63701.64301.64551.65151.6540
Fibonacci1.63511.63831.64031.64361.64681.64881.6521


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.59951.61721.62701.64471.65451.67221.6820
Camarilla1.62921.63181.63431.63681.63931.64181.6444
Woodie1.59561.61521.62311.64271.65061.67021.6781
Fibonacci1.61721.62771.63421.64471.65521.66171.6722


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.58911.60911.62821.64821.66731.68731.7064
Camarilla1.63661.64011.64371.64731.65091.65451.6581
Woodie1.58871.60891.62781.64801.66691.68711.7060
Fibonacci1.60911.62401.63331.64821.66311.67241.6873

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): 30.05
MACD (12,26,9): -0.0022
Directional Movement: -17.5417
AROON (14): -100.0000
DEMA (21): 1.6358
Parabolic SAR (0,02-0,02-0,2): 1.6403
Elder Ray (13): -0.0031
Super Trend (3,10): 1.6406
Zig ZAG (10): 1.6337
VORTEX (21): 0.8198
Stochastique (14,3,5): 3.28
TEMA (21): 1.6344
Williams %R (14): -97.50
Chande Momentum Oscillator (20): -0.0047
Repulse (5,40,3): -0.2036
ROCnROLL: 2
TRIX (15,9): -0.0161
Courbe Coppock: 0.55
MA7: 1.6405
MA20: 1.6466
MA50: 1.6529
MA100: 1.6471
MAexp7: 1.6359
MAexp20: 1.6385
MAexp50: 1.6406
MAexp100: 1.6416
Price / MA7: -0.42%
Price / MA20: -0.79%
Price / MA50: -1.17%
Price / MA100: -0.82%
Price / MAexp7: -0.14%
Price / MAexp20: -0.30%
Price / MAexp50: -0.43%
Price / MAexp100: -0.49%

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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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