EUR/AUD - 1H - Technical analysis published on 07/02/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 1.6244 AUD
My targets
1.6056 AUD (-0.0170)
1.5968 AUD (-0.0258)
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 1.6244 AUD. Crossing the first support at 1.6056 AUD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1.5968 AUD as an objective. Crossing it would then enable sellers to target 1.5520 AUD. Caution, a return to above the resistance located at 1.6244 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.3
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This analysis was given by Remo. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/AUD price is 1.6226 AUD. The price is lower by -0.33% since the last closing and was traded between 1.6220 AUD and 1.6306 AUD over the period. The price is currently at +0.04% from its lowest and -0.49% from its highest.1.6220
1.6306
1.6226
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
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. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.4501 | 1.5520 | 1.6211 | 1.6226 | 1.6244 | 1.6263 | 1.6289 |
| Change (%) | -10.63% | -4.35% | -0.09% | - | +0.11% | +0.23% | +0.39% |
| Change | -0.1725 | -0.0706 | -0.0015 | - | +0.0018 | +0.0037 | +0.0063 |
| Level | Intermediate | Major | Minor | - | Intermediate | 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 | 1.6137 | 1.6174 | 1.6227 | 1.6264 | 1.6317 | 1.6354 | 1.6407 |
| Camarilla | 1.6255 | 1.6264 | 1.6272 | 1.6280 | 1.6288 | 1.6297 | 1.6305 |
| Woodie | 1.6145 | 1.6178 | 1.6235 | 1.6268 | 1.6325 | 1.6358 | 1.6415 |
| Fibonacci | 1.6174 | 1.6208 | 1.6230 | 1.6264 | 1.6298 | 1.6320 | 1.6354 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6056 | 1.6150 | 1.6245 | 1.6339 | 1.6434 | 1.6528 | 1.6623 |
| Camarilla | 1.6288 | 1.6305 | 1.6323 | 1.6340 | 1.6357 | 1.6375 | 1.6392 |
| Woodie | 1.6057 | 1.6150 | 1.6246 | 1.6339 | 1.6435 | 1.6528 | 1.6624 |
| Fibonacci | 1.6150 | 1.6222 | 1.6267 | 1.6339 | 1.6411 | 1.6456 | 1.6528 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5274 | 1.5654 | 1.5968 | 1.6348 | 1.6662 | 1.7042 | 1.7356 |
| Camarilla | 1.6091 | 1.6155 | 1.6218 | 1.6282 | 1.6346 | 1.6409 | 1.6473 |
| Woodie | 1.5241 | 1.5638 | 1.5935 | 1.6332 | 1.6629 | 1.7026 | 1.7323 |
| Fibonacci | 1.5654 | 1.5919 | 1.6083 | 1.6348 | 1.6613 | 1.6777 | 1.7042 |
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): | 38.71 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -12.0490 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 1.6257 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6298 | |
| Elder Ray (13): | -0.0021 | |
| Super Trend (3,10): | 1.6308 | |
| Zig ZAG (10): | 1.6232 | |
| VORTEX (21): | 0.9442 | |
| Stochastique (14,3,5): | 22.87 | |
| TEMA (21): | 1.6254 | |
| Williams %R (14): | -90.70 | |
| Chande Momentum Oscillator (20): | -0.0049 | |
| Repulse (5,40,3): | -0.2846 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0020 | |
| Courbe Coppock: | 0.25 |
| MA7: | 1.6313 | |
| MA20: | 1.6315 | |
| MA50: | 1.6535 | |
| MA100: | 1.6945 | |
| MAexp7: | 1.6251 | |
| MAexp20: | 1.6266 | |
| MAexp50: | 1.6281 | |
| MAexp100: | 1.6299 | |
| Price / MA7: | -0.53% | |
| Price / MA20: | -0.55% | |
| Price / MA50: | -1.87% | |
| Price / MA100: | -4.24% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.25% | |
| Price / MAexp50: | -0.34% | |
| Price / MAexp100: | -0.45% |
Quotes :
2020-07-02 16:33:22
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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:
-
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
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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.
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