EUR/AUD - 1H - Technical analysis published on 09/29/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 1.6474 AUD
My targets
1.6412 AUD (-0.0035)
1.6345 AUD (-0.0102)
My analysis
The bearish trend is currently very strong for EUR/AUD. As long as the price remains below the resistance at 1.6474 AUD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.6412 AUD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.6345 AUD as an objective. Crossing it would then enable sellers to target 1.6289 AUD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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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 1.6447 AUD. The price registered a decrease of -0.08% on the session and was between 1.6402 AUD and 1.6495 AUD. This implies that the price is at +0.27% from its lowest and at -0.29% from its highest.1.6402
1.6495
1.6447
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.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/AUD chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 5 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6289 | 1.6345 | 1.6412 | 1.6447 | 1.6474 | 1.6529 | 1.6593 |
| Change (%) | -0.96% | -0.62% | -0.21% | - | +0.16% | +0.50% | +0.89% |
| Change | -0.0158 | -0.0102 | -0.0035 | - | +0.0027 | +0.0082 | +0.0146 |
| Level | Major | Minor | Minor | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6336 | 1.6395 | 1.6428 | 1.6487 | 1.6520 | 1.6579 | 1.6612 |
| Camarilla | 1.6435 | 1.6443 | 1.6452 | 1.6460 | 1.6468 | 1.6477 | 1.6485 |
| Woodie | 1.6322 | 1.6389 | 1.6414 | 1.6481 | 1.6506 | 1.6573 | 1.6598 |
| Fibonacci | 1.6395 | 1.6431 | 1.6452 | 1.6487 | 1.6523 | 1.6544 | 1.6579 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5895 | 1.6043 | 1.6296 | 1.6444 | 1.6697 | 1.6845 | 1.7098 |
| Camarilla | 1.6438 | 1.6475 | 1.6511 | 1.6548 | 1.6585 | 1.6622 | 1.6658 |
| Woodie | 1.5947 | 1.6069 | 1.6348 | 1.6470 | 1.6749 | 1.6871 | 1.7150 |
| Fibonacci | 1.6043 | 1.6197 | 1.6291 | 1.6444 | 1.6598 | 1.6692 | 1.6845 |
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): | 44.17 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -7.4737 | |
| AROON (14): | 28.5715 | |
| DEMA (21): | 1.6458 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6426 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 1.6418 | |
| Zig ZAG (10): | 1.6455 | |
| VORTEX (21): | 0.9525 | |
| Stochastique (14,3,5): | 67.00 | |
| TEMA (21): | 1.6462 | |
| Williams %R (14): | -44.44 | |
| Chande Momentum Oscillator (20): | 0.0021 | |
| Repulse (5,40,3): | -0.1286 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0076 | |
| Courbe Coppock: | 0.16 |
| MA7: | 1.6442 | |
| MA20: | 1.6316 | |
| MA50: | 1.6371 | |
| MA100: | 1.6384 | |
| MAexp7: | 1.6463 | |
| MAexp20: | 1.6467 | |
| MAexp50: | 1.6480 | |
| MAexp100: | 1.6471 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | +0.80% | |
| Price / MA50: | +0.46% | |
| Price / MA100: | +0.38% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.15% |
Quotes :
2020-09-29 23:08:17
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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
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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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