EUR/AUD - 1H - Technical analysis published on 05/03/2024 (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
28%
61%
11%
My opinion
Bearish under 1.6349 AUD
My targets
1.6279 AUD (-0.0041)
1.6172 AUD (-0.0148)
My analysis
The bearish trend is currently very strong for EUR/AUD. As long as the price remains below the resistance at 1.6349 AUD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.6279 AUD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.6172 AUD as an objective. Crossing it would then enable sellers to target 1.5898 AUD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
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 price is 1.6320 AUD. The price registered a decrease of -0.07% on the session and was traded between 1.6308 AUD and 1.6338 AUD over the period. The price is currently at +0.07% from its lowest and -0.11% from its highest.1.6308
1.6338
1.6320
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
A technical analysis in 1H of this EUR/AUD chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 2 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.5898 | 1.6172 | 1.6279 | 1.6320 | 1.6323 | 1.6349 | 1.6382 |
| Change (%) | -2.59% | -0.91% | -0.25% | - | +0.02% | +0.18% | +0.38% |
| Change | -0.0422 | -0.0148 | -0.0041 | - | +0.0003 | +0.0029 | +0.0062 |
| Level | Minor | Intermediate | Major | - | Minor | Minor | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6176 | 1.6248 | 1.6290 | 1.6362 | 1.6404 | 1.6476 | 1.6518 |
| Camarilla | 1.6300 | 1.6310 | 1.6321 | 1.6331 | 1.6342 | 1.6352 | 1.6362 |
| Woodie | 1.6160 | 1.6241 | 1.6274 | 1.6355 | 1.6388 | 1.6469 | 1.6502 |
| Fibonacci | 1.6248 | 1.6292 | 1.6319 | 1.6362 | 1.6406 | 1.6433 | 1.6476 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 33.16 | |
| MACD (12,26,9): | -0.0024 | |
| Directional Movement: | -20.3015 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 1.6318 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6347 | |
| Elder Ray (13): | -0.0017 | |
| Super Trend (3,10): | 1.6371 | |
| Zig ZAG (10): | 1.6320 | |
| VORTEX (21): | 0.8397 | |
| Stochastique (14,3,5): | 8.60 | |
| TEMA (21): | 1.6309 | |
| Williams %R (14): | -87.80 | |
| Chande Momentum Oscillator (20): | -0.0036 | |
| Repulse (5,40,3): | -0.0301 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0215 | |
| Courbe Coppock: | 0.72 |
| MA7: | 1.6383 | |
| MA20: | 1.6458 | |
| MA50: | 1.6525 | |
| MA100: | 1.6471 | |
| MAexp7: | 1.6326 | |
| MAexp20: | 1.6350 | |
| MAexp50: | 1.6382 | |
| MAexp100: | 1.6402 | |
| Price / MA7: | -0.38% | |
| Price / MA20: | -0.84% | |
| Price / MA50: | -1.24% | |
| Price / MA100: | -0.92% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.38% | |
| Price / MAexp100: | -0.50% |
Quotes :
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Real time data
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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:
-
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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