EUR/AUD - 1H - Technical analysis published on 05/15/2024 (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%
56%
17%
My opinion
Bearish under 1.6317 AUD
My targets
1.6279 AUD (-0.0017)
1.6245 AUD (-0.0051)
My analysis
The bearish trend is currently very strong for EUR/AUD. As long as the price remains below the resistance at 1.6317 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 1.6245 AUD as an objective. Crossing it would then enable sellers to target 1.6218 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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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 1.6296 AUD. On the day, this instrument lost -0.18% and was traded between 1.6279 AUD and 1.6337 AUD over the period. The price is currently at +0.10% from its lowest and -0.25% from its highest.1.6279
1.6337
1.6296
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 strongly bearish. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6218 | 1.6245 | 1.6279 | 1.6296 | 1.6317 | 1.6331 | 1.6352 |
| Change (%) | -0.48% | -0.31% | -0.10% | - | +0.13% | +0.21% | +0.34% |
| Change | -0.0078 | -0.0051 | -0.0017 | - | +0.0021 | +0.0035 | +0.0056 |
| Level | Minor | Minor | Major | - | Intermediate | 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 | 1.6253 | 1.6285 | 1.6305 | 1.6337 | 1.6357 | 1.6389 | 1.6409 |
| Camarilla | 1.6311 | 1.6316 | 1.6320 | 1.6325 | 1.6330 | 1.6335 | 1.6339 |
| Woodie | 1.6247 | 1.6282 | 1.6299 | 1.6334 | 1.6351 | 1.6386 | 1.6403 |
| Fibonacci | 1.6285 | 1.6305 | 1.6317 | 1.6337 | 1.6357 | 1.6369 | 1.6389 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6062 | 1.6140 | 1.6227 | 1.6305 | 1.6392 | 1.6470 | 1.6557 |
| Camarilla | 1.6269 | 1.6284 | 1.6299 | 1.6314 | 1.6329 | 1.6344 | 1.6359 |
| Woodie | 1.6067 | 1.6142 | 1.6232 | 1.6307 | 1.6397 | 1.6472 | 1.6562 |
| Fibonacci | 1.6140 | 1.6203 | 1.6242 | 1.6305 | 1.6368 | 1.6407 | 1.6470 |
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): | 39.44 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | -2.2947 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 1.6303 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6328 | |
| Elder Ray (13): | -0.0007 | |
| Super Trend (3,10): | 1.6335 | |
| Zig ZAG (10): | 1.6297 | |
| VORTEX (21): | 0.9211 | |
| Stochastique (14,3,5): | 24.45 | |
| TEMA (21): | 1.6294 | |
| Williams %R (14): | -74.65 | |
| Chande Momentum Oscillator (20): | -0.0030 | |
| Repulse (5,40,3): | 0.0028 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0050 | |
| Courbe Coppock: | 0.43 |
| MA7: | 1.6315 | |
| MA20: | 1.6388 | |
| MA50: | 1.6473 | |
| MA100: | 1.6475 | |
| MAexp7: | 1.6301 | |
| MAexp20: | 1.6314 | |
| MAexp50: | 1.6320 | |
| MAexp100: | 1.6322 | |
| Price / MA7: | -0.12% | |
| Price / MA20: | -0.56% | |
| Price / MA50: | -1.07% | |
| Price / MA100: | -1.09% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.16% |
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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Both Dollar and S&P 500 Edge Higher after Factory Report, EURAUD A Pair to Watch
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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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