EUR/AUD

- AUD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURAUD
ISIN:

EUR/AUD - 1H - Technical analysis published on 04/16/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 1.6510 AUD

My targets

1.6703 AUD (+0.0114)

1.6839 AUD (+0.0250)

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 1.6510 AUD. The next resistance located at 1.6703 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 1.6839 AUD. After this resistance, buyers could then target 1.6993 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

8.8

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

Additional analysis

Quotes

The EUR/AUD price is 1.6589 AUD. The price has increased by +0.58% since the last closing and was between 1.6489 AUD and 1.6595 AUD. This implies that the price is at +0.61% from its lowest and at -0.04% from its highest.

1.6489

1.6595

1.6589

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

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 strongly 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.6454	1.6479	1.6510	1.6589	1.6703	1.6839	1.6993
Change (%)	-0.81%	-0.66%	-0.48%	-	+0.69%	+1.51%	+2.44%
Change	-0.0135	-0.0110	-0.0079	-	+0.0114	+0.0250	+0.0404
Level	Minor	Minor	Major	-	Intermediate	Minor	Major

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	1.6354	1.6384	1.6439	1.6469	1.6524	1.6554	1.6609
Camarilla	1.6471	1.6478	1.6486	1.6494	1.6502	1.6510	1.6517
Woodie	1.6367	1.6390	1.6452	1.6475	1.6537	1.6560	1.6622
Fibonacci	1.6384	1.6417	1.6437	1.6469	1.6502	1.6522	1.6554

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.6234	1.6302	1.6383	1.6451	1.6532	1.6600	1.6681
Camarilla	1.6423	1.6437	1.6450	1.6464	1.6478	1.6491	1.6505
Woodie	1.6241	1.6305	1.6390	1.6454	1.6539	1.6603	1.6688
Fibonacci	1.6302	1.6359	1.6394	1.6451	1.6508	1.6543	1.6600

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):	80.83
MACD (12,26,9):	0.0029
Directional Movement:	23.7943
AROON (14):	85.7142
DEMA (21):	1.6571
Parabolic SAR (0,02-0,02-0,2):	1.6526
Elder Ray (13):	0.0031
Super Trend (3,10):	1.6523
Zig ZAG (10):	1.6588
VORTEX (21):	1.3092
Stochastique (14,3,5):	89.97
TEMA (21):	1.6582
Williams %R (14):	-4.04
Chande Momentum Oscillator (20):	0.0046
Repulse (5,40,3):	0.1335
ROCnROLL:	1
TRIX (15,9):	0.0232
Courbe Coppock:	0.76

MA7:	1.6467
MA20:	1.6515
MA50:	1.6542
MA100:	1.6469
MAexp7:	1.6565
MAexp20:	1.6533
MAexp50:	1.6494
MAexp100:	1.6472
Price / MA7:	+0.74%
Price / MA20:	+0.45%
Price / MA50:	+0.28%
Price / MA100:	+0.73%
Price / MAexp7:	+0.14%
Price / MAexp20:	+0.34%
Price / MAexp50:	+0.58%
Price / MAexp100:	+0.71%

Quotes : - Real time data - 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:

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

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