EUR/AUD

- AUD (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	EURAUD
ISIN:

EUR/AUD - Daily - Technical analysis published on 05/03/2023 (GMT)

Londinia

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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

44%

11%

44%

My opinion

Bullish above 1.6241 AUD

My targets

1.6956 AUD (+0.0423)

1.7053 AUD (+0.0520)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/AUD as long as the price remains well above 1.6241 AUD. The buyers' bullish objective is set at 1.6956 AUD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.7053 AUD. If there is any crossing, the next objective would be the resistance located at 1.8895 AUD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

7.1

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EUR/AUD rating 1.6533 AUD. The price has increased by +0.16% since the last closing and was traded between 1.6504 AUD and 1.6544 AUD over the period. The price is currently at +0.18% from its lowest and -0.07% from its highest.

1.6504

1.6544

1.6533

Here is a more detailed summary of the historical variations registered by EUR/AUD:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 EUR/AUD in Daily shows a strongly overall bullish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

MACD crosses DOWN its Moving Average

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.5680	1.5896	1.6241	1.6533	1.7053	1.8895	2.0848
Change (%)	-5.16%	-3.85%	-1.77%	-	+3.15%	+14.29%	+26.10%
Change	-0.0853	-0.0637	-0.0292	-	+0.0520	+0.2362	+0.4315
Level	Intermediate	Minor	Major	-	Intermediate	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	1.6153	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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	58.50
MACD (12,26,9):	0.0119
Directional Movement:	0.7828
AROON (14):	28.5714
DEMA (21):	1.6603
Parabolic SAR (0,02-0,02-0,2):	1.6778
Elder Ray (13):	0.0020
Super Trend (3,10):	1.6274
Zig ZAG (10):	1.6535
VORTEX (21):	1.1667
Stochastique (14,3,5):	55.59
TEMA (21):	1.6606
Williams %R (14):	-43.82
Chande Momentum Oscillator (20):	0.0232
Repulse (5,40,3):	0.1403
ROCnROLL:	1
TRIX (15,9):	0.1077
Courbe Coppock:	2.84

MA7:	1.6596
MA20:	1.6442
MA50:	1.6184
MA100:	1.5878
MAexp7:	1.6547
MAexp20:	1.6440
MAexp50:	1.6209
MAexp100:	1.5956
Price / MA7:	-0.38%
Price / MA20:	+0.55%
Price / MA50:	+2.16%
Price / MA100:	+4.13%
Price / MAexp7:	-0.08%
Price / MAexp20:	+0.57%
Price / MAexp50:	+2.00%
Price / MAexp100:	+3.62%

Quotes : - Real time data - Forex

News

The last news published on EUR/AUD at the time of the generation of this analysis was as follows:

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

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