EUR/AUD - 1H - Technical analysis published on 05/03/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
83%
0%
17%
My opinion
Bearish under 1.6606 AUD
My targets
1.6421 AUD (-0.0092)
1.6361 AUD (-0.0152)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/AUD. As long as you are under the resistance located at 1.6606 AUD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.6421 AUD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.6361 AUD as an objective. Crossing it would then enable sellers to target 1.6241 AUD. If the resistance 1.6606 AUD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.5
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Additional analysis
Quotes
EUR/AUD rating 1.6513 AUD. The price registered an increase of +0.04% on the session and was between 1.6504 AUD and 1.6514 AUD. This implies that the price is at +0.05% from its lowest and at -0.01% from its highest.1.6504
1.6514
1.6513
Here is a more detailed summary of the historical variations registered by EUR/AUD:
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 1H chart of EUR/AUD indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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 several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6361 | 1.6421 | 1.6505 | 1.6513 | 1.6606 | 1.6652 | 1.6716 |
| Change (%) | -0.92% | -0.56% | -0.05% | - | +0.56% | +0.84% | +1.23% |
| Change | -0.0152 | -0.0092 | -0.0008 | - | +0.0093 | +0.0139 | +0.0203 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 1.6153 | 1.6255 | 1.6380 | 1.6482 | 1.6607 | 1.6709 | 1.6834 |
| Camarilla | 1.6444 | 1.6464 | 1.6485 | 1.6506 | 1.6527 | 1.6548 | 1.6568 |
| Woodie | 1.6166 | 1.6261 | 1.6393 | 1.6488 | 1.6620 | 1.6715 | 1.6847 |
| Fibonacci | 1.6255 | 1.6341 | 1.6395 | 1.6482 | 1.6568 | 1.6622 | 1.6709 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6056 | 1.6226 | 1.6446 | 1.6616 | 1.6836 | 1.7006 | 1.7226 |
| Camarilla | 1.6558 | 1.6594 | 1.6629 | 1.6665 | 1.6701 | 1.6737 | 1.6772 |
| Woodie | 1.6080 | 1.6239 | 1.6470 | 1.6629 | 1.6860 | 1.7019 | 1.7250 |
| Fibonacci | 1.6226 | 1.6375 | 1.6467 | 1.6616 | 1.6765 | 1.6857 | 1.7006 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5452 | 1.5744 | 1.6204 | 1.6496 | 1.6956 | 1.7248 | 1.7708 |
| Camarilla | 1.6458 | 1.6527 | 1.6596 | 1.6665 | 1.6734 | 1.6803 | 1.6872 |
| Woodie | 1.5537 | 1.5786 | 1.6289 | 1.6538 | 1.7041 | 1.7290 | 1.7793 |
| Fibonacci | 1.5744 | 1.6031 | 1.6208 | 1.6496 | 1.6783 | 1.6960 | 1.7248 |
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): | 56.57 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 2.7303 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 1.6477 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6433 | |
| Elder Ray (13): | 0.0028 | |
| Super Trend (3,10): | 1.6440 | |
| Zig ZAG (10): | 1.6514 | |
| VORTEX (21): | 0.9327 | |
| Stochastique (14,3,5): | 93.68 | |
| TEMA (21): | 1.6505 | |
| Williams %R (14): | -8.77 | |
| Chande Momentum Oscillator (20): | 0.0146 | |
| Repulse (5,40,3): | 0.0165 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0145 | |
| Courbe Coppock: | 1.28 |
| MA7: | 1.6590 | |
| MA20: | 1.6428 | |
| MA50: | 1.6165 | |
| MA100: | 1.5869 | |
| MAexp7: | 1.6502 | |
| MAexp20: | 1.6486 | |
| MAexp50: | 1.6519 | |
| MAexp100: | 1.6547 | |
| Price / MA7: | -0.46% | |
| Price / MA20: | +0.52% | |
| Price / MA50: | +2.15% | |
| Price / MA100: | +4.06% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0.21% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/AUD at the time of the generation of this analysis 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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