EUR/AUD - Daily - Technical analysis published on 04/18/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 1.6241 AUD
My targets
1.6712 AUD (+0.0405)
1.7053 AUD (+0.0746)
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 1.6241 AUD. The next resistance located at 1.6712 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 1.7053 AUD. After this resistance, buyers could then target 1.8895 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
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/AUD rating is 1.6307 AUD. The price is lower by -0.01% since the last closing with the lowest point at 1.6246 AUD and the highest point at 1.6317 AUD. The deviation from the price is +0.38% for the low point and -0.06% for the high point.1.6246
1.6317
1.6307
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of EUR/AUD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.5243 | 1.5680 | 1.6241 | 1.6307 | 1.7053 | 1.8895 | 2.0848 |
| Change (%) | -6.52% | -3.84% | -0.40% | - | +4.57% | +15.87% | +27.85% |
| Change | -0.1064 | -0.0627 | -0.0066 | - | +0.0746 | +0.2588 | +0.4541 |
| Level | Major | Intermediate | Major | - | Minor | Major | Intermediate |
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 | 1.6166 | 1.6232 | 1.6270 | 1.6336 | 1.6374 | 1.6440 | 1.6478 |
| Camarilla | 1.6279 | 1.6289 | 1.6299 | 1.6308 | 1.6318 | 1.6327 | 1.6337 |
| Woodie | 1.6152 | 1.6225 | 1.6256 | 1.6329 | 1.6360 | 1.6433 | 1.6464 |
| Fibonacci | 1.6232 | 1.6272 | 1.6296 | 1.6336 | 1.6376 | 1.6400 | 1.6440 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6105 | 1.6184 | 1.6288 | 1.6367 | 1.6471 | 1.6550 | 1.6654 |
| Camarilla | 1.6341 | 1.6358 | 1.6374 | 1.6391 | 1.6408 | 1.6425 | 1.6441 |
| Woodie | 1.6117 | 1.6190 | 1.6300 | 1.6373 | 1.6483 | 1.6556 | 1.6666 |
| Fibonacci | 1.6184 | 1.6254 | 1.6297 | 1.6367 | 1.6437 | 1.6480 | 1.6550 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5174 | 1.5422 | 1.5819 | 1.6067 | 1.6464 | 1.6712 | 1.7109 |
| Camarilla | 1.6039 | 1.6098 | 1.6157 | 1.6216 | 1.6275 | 1.6334 | 1.6393 |
| Woodie | 1.5249 | 1.5459 | 1.5894 | 1.6104 | 1.6539 | 1.6749 | 1.7184 |
| Fibonacci | 1.5422 | 1.5668 | 1.5821 | 1.6067 | 1.6313 | 1.6466 | 1.6712 |
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): | 57.28 | |
| MACD (12,26,9): | 0.0106 | |
| Directional Movement: | -0.0502 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 1.6398 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6447 | |
| Elder Ray (13): | -0.0017 | |
| Super Trend (3,10): | 1.5976 | |
| Zig ZAG (10): | 1.6309 | |
| VORTEX (21): | 1.1276 | |
| Stochastique (14,3,5): | 73.06 | |
| TEMA (21): | 1.6389 | |
| Williams %R (14): | -33.74 | |
| Chande Momentum Oscillator (20): | 0.0092 | |
| Repulse (5,40,3): | 0.0008 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1108 | |
| Courbe Coppock: | 2.04 |
| MA7: | 1.6354 | |
| MA20: | 1.6270 | |
| MA50: | 1.5956 | |
| MA100: | 1.5772 | |
| MAexp7: | 1.6328 | |
| MAexp20: | 1.6247 | |
| MAexp50: | 1.6035 | |
| MAexp100: | 1.5818 | |
| Price / MA7: | -0.29% | |
| Price / MA20: | +0.23% | |
| Price / MA50: | +2.20% | |
| Price / MA100: | +3.39% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | +1.70% | |
| Price / MAexp100: | +3.09% |
Quotes :
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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
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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