EUR/AUD - 1H - Technical analysis published on 04/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 1.6452 AUD
My targets
1.6510 AUD (+0.0034)
1.6564 AUD (+0.0088)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on EUR/AUD as long as the price remains well above 1.6452 AUD. The buyers' bullish objective is set at 1.6510 AUD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.6564 AUD. If there is any crossing, the next objective would be the resistance located at 1.6703 AUD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.1
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/AUD price is 1.6476 AUD. The price has increased by +0.47% since the last closing and was traded between 1.6377 AUD and 1.6479 AUD over the period. The price is currently at +0.60% from its lowest and -0.02% from its highest.1.6377
1.6479
1.6476
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 HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/AUD chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6395 | 1.6426 | 1.6452 | 1.6476 | 1.6510 | 1.6564 | 1.6703 |
| Change (%) | -0.49% | -0.30% | -0.15% | - | +0.21% | +0.53% | +1.38% |
| Change | -0.0081 | -0.0050 | -0.0024 | - | +0.0034 | +0.0088 | +0.0227 |
| Level | Minor | Major | Minor | - | 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 | 1.6235 | 1.6315 | 1.6357 | 1.6437 | 1.6479 | 1.6559 | 1.6601 |
| Camarilla | 1.6366 | 1.6377 | 1.6388 | 1.6399 | 1.6410 | 1.6421 | 1.6433 |
| Woodie | 1.6216 | 1.6306 | 1.6338 | 1.6428 | 1.6460 | 1.6550 | 1.6582 |
| Fibonacci | 1.6315 | 1.6362 | 1.6390 | 1.6437 | 1.6484 | 1.6512 | 1.6559 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6242 | 1.6328 | 1.6401 | 1.6487 | 1.6560 | 1.6646 | 1.6719 |
| Camarilla | 1.6430 | 1.6445 | 1.6459 | 1.6474 | 1.6489 | 1.6503 | 1.6518 |
| Woodie | 1.6236 | 1.6325 | 1.6395 | 1.6484 | 1.6554 | 1.6643 | 1.6713 |
| Fibonacci | 1.6328 | 1.6389 | 1.6426 | 1.6487 | 1.6548 | 1.6585 | 1.6646 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6112 | 1.6276 | 1.6416 | 1.6580 | 1.6720 | 1.6884 | 1.7024 |
| Camarilla | 1.6472 | 1.6500 | 1.6528 | 1.6556 | 1.6584 | 1.6612 | 1.6640 |
| Woodie | 1.6100 | 1.6270 | 1.6404 | 1.6574 | 1.6708 | 1.6878 | 1.7012 |
| Fibonacci | 1.6276 | 1.6392 | 1.6464 | 1.6580 | 1.6696 | 1.6768 | 1.6884 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 67.97 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 16.9698 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 1.6437 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6410 | |
| Elder Ray (13): | 0.0036 | |
| Super Trend (3,10): | 1.6411 | |
| Zig ZAG (10): | 1.6478 | |
| VORTEX (21): | 1.1679 | |
| Stochastique (14,3,5): | 94.95 | |
| TEMA (21): | 1.6452 | |
| Williams %R (14): | -1.96 | |
| Chande Momentum Oscillator (20): | 0.0074 | |
| Repulse (5,40,3): | 0.2018 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0018 | |
| Courbe Coppock: | 0.52 |
| MA7: | 1.6447 | |
| MA20: | 1.6523 | |
| MA50: | 1.6542 | |
| MA100: | 1.6470 | |
| MAexp7: | 1.6451 | |
| MAexp20: | 1.6430 | |
| MAexp50: | 1.6430 | |
| MAexp100: | 1.6437 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | -0.28% | |
| Price / MA50: | -0.40% | |
| Price / MA100: | +0.04% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.28% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.24% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on EUR/AUD at the time of the analysis were as follows:
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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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