EUR/AUD - 1H - Technical analysis published on 04/09/2020 (GMT)
- Who voted?
- 238
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 1.7550 AUD
My targets
1.7312 AUD (-0.0138)
1.7259 AUD (-0.0191)
My analysis
The bearish basic trend is very strong on EUR/AUD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 1.7550 AUD. Crossing the first support at 1.7312 AUD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1.7259 AUD as an objective. Crossing it would then enable sellers to target 1.6624 AUD. Caution, a return to above the resistance located at 1.7550 AUD would be a sign of a possible consolidation phase of the short-term basic trend. 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
4.5
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.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/AUD rating 1.7450 AUD. On the day, this instrument lost +0.16% and was between 1.7398 AUD and 1.7506 AUD. This implies that the price is at +0.30% from its lowest and at -0.32% from its highest.1.7398
1.7506
1.7450
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on EUR/AUD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of EUR/AUD indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 7 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
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 | 1.6287 | 1.6624 | 1.7312 | 1.7450 | 1.7550 | 1.7679 | 1.7848 |
| Change (%) | -6.66% | -4.73% | -0.79% | - | +0.57% | +1.31% | +2.28% |
| Change | -0.1163 | -0.0826 | -0.0138 | - | +0.0100 | +0.0229 | +0.0398 |
| Level | Intermediate | Major | Minor | - | Minor | Intermediate | Minor |
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 | 1.6938 | 1.7169 | 1.7296 | 1.7527 | 1.7654 | 1.7885 | 1.8012 |
| Camarilla | 1.7324 | 1.7356 | 1.7389 | 1.7422 | 1.7455 | 1.7488 | 1.7521 |
| Woodie | 1.6885 | 1.7143 | 1.7243 | 1.7501 | 1.7601 | 1.7859 | 1.7959 |
| Fibonacci | 1.7169 | 1.7306 | 1.7391 | 1.7527 | 1.7664 | 1.7749 | 1.7885 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7259 | 1.7469 | 1.7751 | 1.7961 | 1.8243 | 1.8453 | 1.8735 |
| Camarilla | 1.7899 | 1.7944 | 1.7989 | 1.8034 | 1.8079 | 1.8124 | 1.8169 |
| Woodie | 1.7296 | 1.7487 | 1.7788 | 1.7979 | 1.8280 | 1.8471 | 1.8772 |
| Fibonacci | 1.7469 | 1.7657 | 1.7773 | 1.7961 | 1.8149 | 1.8265 | 1.8453 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3531 | 1.5152 | 1.6558 | 1.8179 | 1.9585 | 2.1206 | 2.2612 |
| Camarilla | 1.7131 | 1.7408 | 1.7686 | 1.7963 | 1.8241 | 1.8518 | 1.8795 |
| Woodie | 1.3423 | 1.5098 | 1.6450 | 1.8125 | 1.9477 | 2.1152 | 2.2504 |
| Fibonacci | 1.5152 | 1.6309 | 1.7023 | 1.8179 | 1.9336 | 2.0050 | 2.1206 |
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): | 42.91 | |
| MACD (12,26,9): | -0.0037 | |
| Directional Movement: | 2.1316 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 1.7415 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7410 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 1.7541 | |
| Zig ZAG (10): | 1.7439 | |
| VORTEX (21): | 0.8636 | |
| Stochastique (14,3,5): | 41.05 | |
| TEMA (21): | 1.7421 | |
| Williams %R (14): | -59.26 | |
| Chande Momentum Oscillator (20): | 0.0030 | |
| Repulse (5,40,3): | -0.0957 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.05 |
| MA7: | 1.7733 | |
| MA20: | 1.8081 | |
| MA50: | 1.7203 | |
| MA100: | 1.6685 | |
| MAexp7: | 1.7447 | |
| MAexp20: | 1.7470 | |
| MAexp50: | 1.7553 | |
| MAexp100: | 1.7661 | |
| Price / MA7: | -1.60% | |
| Price / MA20: | -3.49% | |
| Price / MA50: | +1.44% | |
| Price / MA100: | +4.58% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.59% | |
| Price / MAexp100: | -1.19% |
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:
-
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
-
Weekly Technical Analysis: 31/07/2017 - EURJPY, EURGBP, EURAUD, EURCAD
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis EUR/AUD - 1H