EUR/AUD
EUR AUD
- AUD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURAUD
ISIN:

EUR/AUD - 1H - Technical analysis published on 09/25/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 1.6529 AUD
My targets
1.6593 AUD (+0.0041)
1.6850 AUD (+0.0298)
My analysis
EUR/AUD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.6529 AUD. The next resistance located at 1.6593 AUD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.6850 AUD. After this resistance, buyers could then target 1.7312 AUD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

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 pyxis2025. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/AUD rating is 1.6552 AUD. The price registered an increase of +0.04% on the session and was traded between 1.6477 AUD and 1.6561 AUD over the period. The price is currently at +0.46% from its lowest and -0.05% from its highest.

1.6477
1.6561
1.6552

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

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:
The Central Records scanner for higher/lower results shows an item:

Central Records

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 bullish. 92.86% 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 bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.6289 1.6328 1.6529 1.6552 1.6593 1.7312 1.8448
Change (%) -1.59% -1.35% -0.14% - +0.25% +4.59% +11.45%
Change -0.0263 -0.0224 -0.0023 - +0.0041 +0.0760 +0.1896
Level Major Minor Major - Intermediate Intermediate Minor



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
Standard1.63921.64411.64941.65431.65961.66451.6698
Camarilla1.65181.65271.65371.65461.65551.65651.6574
Woodie1.63931.64421.64951.65441.65971.66461.6699
Fibonacci1.64411.64801.65041.65431.65821.66061.6645


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.59191.60221.61311.62341.63431.64461.6555
Camarilla1.61831.62021.62221.62411.62601.62801.6299
Woodie1.59231.60241.61351.62361.63471.64481.6559
Fibonacci1.60221.61031.61531.62341.63151.63651.6446


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.56261.58881.60341.62961.64421.67041.6850
Camarilla1.60681.61051.61431.61801.62171.62551.6292
Woodie1.55681.58591.59761.62671.63841.66751.6792
Fibonacci1.58881.60441.61401.62961.64521.65481.6704

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): 54.85
MACD (12,26,9): 0.0002
Directional Movement: 7.2378
AROON (14): -71.4286
DEMA (21): 1.6534
Parabolic SAR (0,02-0,02-0,2): 1.6482
Elder Ray (13): 0.0013
Super Trend (3,10): 1.6485
Zig ZAG (10): 1.6541
VORTEX (21): 0.9563
Stochastique (14,3,5): 76.50
TEMA (21): 1.6520
Williams %R (14): -16.67
Chande Momentum Oscillator (20): 0.0002
Repulse (5,40,3): 0.1533
ROCnROLL: 1
TRIX (15,9): 0.0015
Courbe Coppock: 0.31
MA7: 1.6375
MA20: 1.6287
MA50: 1.6362
MA100: 1.6389
MAexp7: 1.6529
MAexp20: 1.6528
MAexp50: 1.6501
MAexp100: 1.6438
Price / MA7: +1.08%
Price / MA20: +1.63%
Price / MA50: +1.16%
Price / MA100: +0.99%
Price / MAexp7: +0.14%
Price / MAexp20: +0.15%
Price / MAexp50: +0.31%
Price / MAexp100: +0.69%

Quotes : 2020-09-25 12:35:02 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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