EUR/AUD - 1H - Technical analysis published on 09/14/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 1.6289 AUD
My targets
1.6355 AUD (+0.0036)
1.6529 AUD (+0.0210)
My analysis
The bullish trend is currently very strong on EUR/AUD. As long as the price remains above the support at 1.6289 AUD, you could try to benefit from the boom. The first bullish objective is located at 1.6355 AUD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.6529 AUD as an objective. Crossing it would then enable buyers to target 1.7312 AUD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9
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This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/AUD rating 1.6319 AUD. On the day, this instrument gained +0.33% and was traded between 1.6247 AUD and 1.6326 AUD over the period. The price is currently at +0.44% from its lowest and -0.04% from its highest.1.6247
1.6326
1.6319
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/AUD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/AUD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.6202 | 1.6234 | 1.6289 | 1.6319 | 1.6328 | 1.6355 | 1.6529 |
| Change (%) | -0.72% | -0.52% | -0.18% | - | +0.06% | +0.22% | +1.29% |
| Change | -0.0117 | -0.0085 | -0.0030 | - | +0.0009 | +0.0036 | +0.0210 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | 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 | 1.6171 | 1.6202 | 1.6234 | 1.6265 | 1.6297 | 1.6328 | 1.6360 |
| Camarilla | 1.6248 | 1.6254 | 1.6259 | 1.6265 | 1.6271 | 1.6277 | 1.6282 |
| Woodie | 1.6171 | 1.6202 | 1.6234 | 1.6265 | 1.6297 | 1.6328 | 1.6360 |
| Fibonacci | 1.6202 | 1.6226 | 1.6241 | 1.6265 | 1.6289 | 1.6304 | 1.6328 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5998 | 1.6088 | 1.6176 | 1.6266 | 1.6354 | 1.6444 | 1.6532 |
| Camarilla | 1.6216 | 1.6232 | 1.6249 | 1.6265 | 1.6281 | 1.6298 | 1.6314 |
| Woodie | 1.5998 | 1.6088 | 1.6176 | 1.6266 | 1.6354 | 1.6444 | 1.6532 |
| Fibonacci | 1.6088 | 1.6156 | 1.6198 | 1.6266 | 1.6334 | 1.6376 | 1.6444 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5626 | 1.5888 | 1.6034 | 1.6296 | 1.6442 | 1.6704 | 1.6850 |
| Camarilla | 1.6068 | 1.6105 | 1.6143 | 1.6180 | 1.6217 | 1.6255 | 1.6292 |
| Woodie | 1.5568 | 1.5859 | 1.5976 | 1.6267 | 1.6384 | 1.6675 | 1.6792 |
| Fibonacci | 1.5888 | 1.6044 | 1.6140 | 1.6296 | 1.6452 | 1.6548 | 1.6704 |
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): | 70.08 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 20.2975 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 1.6292 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6268 | |
| Elder Ray (13): | 0.0032 | |
| Super Trend (3,10): | 1.6263 | |
| Zig ZAG (10): | 1.6324 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 93.50 | |
| TEMA (21): | 1.6302 | |
| Williams %R (14): | -2.60 | |
| Chande Momentum Oscillator (20): | 0.0067 | |
| Repulse (5,40,3): | 0.2132 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0038 | |
| Courbe Coppock: | 0.36 |
| MA7: | 1.6272 | |
| MA20: | 1.6314 | |
| MA50: | 1.6353 | |
| MA100: | 1.6431 | |
| MAexp7: | 1.6297 | |
| MAexp20: | 1.6280 | |
| MAexp50: | 1.6272 | |
| MAexp100: | 1.6266 | |
| Price / MA7: | +0.29% | |
| Price / MA20: | +0.03% | |
| Price / MA50: | -0.21% | |
| Price / MA100: | -0.68% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | +0.29% | |
| Price / MAexp100: | +0.33% |
Quotes :
2020-09-14 10:26:48
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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
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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
-
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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