EUR/AUD - 1H - Technical analysis published on 09/18/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
44%
11%
44%
My opinion
Bullish above 1.6176 AUD
My targets
1.6235 AUD (+0.0031)
1.6289 AUD (+0.0085)
My analysis
The current short-term bullish acceleration on EUR/AUD should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 1.6176 AUD. Short-term buyers will use the resistance located at 1.6235 AUD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 1.6289 AUD. Crossing this resistance would then open the door for buyers to target 1.6314 AUD. Caution, if there is a return to under 1.6176 AUD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
2.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/AUD rating is 1.6204 AUD. The price registered an increase of +0.03% on the session and was between 1.6171 AUD and 1.6213 AUD. This implies that the price is at +0.20% from its lowest and at -0.06% from its highest.1.6171
1.6213
1.6204
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 not clearly defined. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
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:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6124 | 1.6146 | 1.6176 | 1.6204 | 1.6211 | 1.6235 | 1.6289 |
| Change (%) | -0.49% | -0.36% | -0.17% | - | +0.04% | +0.19% | +0.52% |
| Change | -0.0080 | -0.0058 | -0.0028 | - | +0.0007 | +0.0031 | +0.0085 |
| Level | Intermediate | Minor | Minor | - | Minor | Major | Major |
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 | 1.6028 | 1.6076 | 1.6138 | 1.6186 | 1.6248 | 1.6296 | 1.6358 |
| Camarilla | 1.6169 | 1.6179 | 1.6189 | 1.6199 | 1.6209 | 1.6219 | 1.6229 |
| Woodie | 1.6034 | 1.6080 | 1.6144 | 1.6190 | 1.6254 | 1.6300 | 1.6364 |
| Fibonacci | 1.6076 | 1.6118 | 1.6144 | 1.6186 | 1.6228 | 1.6254 | 1.6296 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.62 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 2.6715 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 1.6198 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6228 | |
| Elder Ray (13): | 0.0006 | |
| Super Trend (3,10): | 1.6137 | |
| Zig ZAG (10): | 1.6205 | |
| VORTEX (21): | 1.0827 | |
| Stochastique (14,3,5): | 46.65 | |
| TEMA (21): | 1.6200 | |
| Williams %R (14): | -43.64 | |
| Chande Momentum Oscillator (20): | -0.0008 | |
| Repulse (5,40,3): | 0.0278 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0031 | |
| Courbe Coppock: | 0.07 |
| MA7: | 1.6235 | |
| MA20: | 1.6259 | |
| MA50: | 1.6350 | |
| MA100: | 1.6407 | |
| MAexp7: | 1.6195 | |
| MAexp20: | 1.6195 | |
| MAexp50: | 1.6197 | |
| MAexp100: | 1.6212 | |
| Price / MA7: | -0.19% | |
| Price / MA20: | -0.34% | |
| Price / MA50: | -0.89% | |
| Price / MA100: | -1.24% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | -0.05% |
Quotes :
2020-09-18 06:47:36
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Real time data
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Forex
News
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This member declared not having a position on this financial instrument or a related financial instrument.
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