EUR/AUD - 1H - Technical analysis published on 05/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 1.6331 AUD
My targets
1.6248 AUD (-0.0031)
1.6218 AUD (-0.0061)
My analysis
With a strongly bearish trend, the price of EUR/AUD is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.6331 AUD remains possible. It would be possible for traders to only trade short positions (for sale) on EUR/AUD as long as the price remains well below 1.6331 AUD. The next bearish objective for sellers is set at 1.6248 AUD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.6218 AUD. In case of crossing, the next objective would be the support located at 1.6172 AUD.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.3
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Additional analysis
Quotes
The EUR/AUD rating is 1.6279 AUD. The price has increased by +0.17% since the last closing and was traded between 1.6223 AUD and 1.6316 AUD over the period. The price is currently at +0.35% from its lowest and -0.23% from its highest.1.6223
1.6316
1.6279
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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:
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 EUR/AUD in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6218 | 1.6248 | 1.6279 | 1.6279 | 1.6331 | 1.6352 | 1.6382 |
| Change (%) | -0.37% | -0.19% | 0% | - | +0.32% | +0.45% | +0.63% |
| Change | -0.0061 | -0.0031 | 0 | - | +0.0052 | +0.0073 | +0.0103 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | 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 | 1.6123 | 1.6186 | 1.6218 | 1.6281 | 1.6313 | 1.6376 | 1.6408 |
| Camarilla | 1.6225 | 1.6234 | 1.6242 | 1.6251 | 1.6260 | 1.6268 | 1.6277 |
| Woodie | 1.6109 | 1.6178 | 1.6204 | 1.6273 | 1.6299 | 1.6368 | 1.6394 |
| Fibonacci | 1.6186 | 1.6222 | 1.6244 | 1.6281 | 1.6317 | 1.6339 | 1.6376 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.45 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -3.1798 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 1.6280 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6255 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 1.6305 | |
| Zig ZAG (10): | 1.6279 | |
| VORTEX (21): | 1.0466 | |
| Stochastique (14,3,5): | 58.85 | |
| TEMA (21): | 1.6287 | |
| Williams %R (14): | -66.10 | |
| Chande Momentum Oscillator (20): | 0.0009 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0028 | |
| Courbe Coppock: | 0.30 |
| MA7: | 1.6303 | |
| MA20: | 1.6371 | |
| MA50: | 1.6466 | |
| MA100: | 1.6476 | |
| MAexp7: | 1.6284 | |
| MAexp20: | 1.6282 | |
| MAexp50: | 1.6290 | |
| MAexp100: | 1.6300 | |
| Price / MA7: | -0.15% | |
| Price / MA20: | -0.56% | |
| Price / MA50: | -1.14% | |
| Price / MA100: | -1.20% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.13% |
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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