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EUR/AUD
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 04/22/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.6585 AUD
My targets
1.6498 AUD (-0.0032)
1.6382 AUD (-0.0148)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/AUD as long as the price remains well below 1.6585 AUD. The sellers' bearish objective is set at 1.6498 AUD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.6382 AUD. In case of crossing, the next objective would be the support located at 1.6279 AUD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.4

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.

dtaccori
This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

EUR/AUD rating 1.6530 AUD. The price registered a decrease of -0.45% on the session and was between 1.6528 AUD and 1.6624 AUD. This implies that the price is at +0.01% from its lowest and at -0.57% from its highest.

1.6528
1.6624
1.6530

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.

Central Gaps

Bullish opening

Type : Bullish

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:

Central Records

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of EUR/AUD in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour


Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : 1 hour


Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.6279 1.6382 1.6498 1.6530 1.6537 1.6585 1.6615
Change (%) -1.52% -0.90% -0.19% - +0.04% +0.33% +0.51%
Change -0.0251 -0.0148 -0.0032 - +0.0007 +0.0055 +0.0085
Level Major Major Intermediate - Intermediate Intermediate 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
Standard1.64371.65011.65531.66171.66691.67331.6785
Camarilla1.65721.65831.65931.66041.66151.66251.6636
Woodie1.64301.64981.65461.66141.66621.67301.6778
Fibonacci1.65011.65461.65731.66171.66621.66891.6733


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.61831.62991.64511.65671.67191.68351.6987
Camarilla1.65301.65551.65791.66041.66291.66531.6678
Woodie1.62021.63081.64701.65761.67381.68441.7006
Fibonacci1.62991.64011.64641.65671.66691.67321.6835


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.61121.62761.64161.65801.67201.68841.7024
Camarilla1.64721.65001.65281.65561.65841.66121.6640
Woodie1.61001.62701.64041.65741.67081.68781.7012
Fibonacci1.62761.63921.64641.65801.66961.67681.6884

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): 35.48
MACD (12,26,9): -0.0012
Directional Movement: -10.2443
AROON (14): -35.7143
DEMA (21): 1.6557
Parabolic SAR (0,02-0,02-0,2): 1.6535
Elder Ray (13): -0.0024
Super Trend (3,10): 1.6598
Zig ZAG (10): 1.6538
VORTEX (21): 0.8658
Stochastique (14,3,5): 16.64
TEMA (21): 1.6546
Williams %R (14): -86.59
Chande Momentum Oscillator (20): -0.0046
Repulse (5,40,3): -0.0947
ROCnROLL: 2
TRIX (15,9): -0.0075
Courbe Coppock: 0.48
MA7: 1.6543
MA20: 1.6515
MA50: 1.6545
MA100: 1.6470
MAexp7: 1.6555
MAexp20: 1.6571
MAexp50: 1.6578
MAexp100: 1.6564
Price / MA7: -0.08%
Price / MA20: +0.09%
Price / MA50: -0.09%
Price / MA100: +0.36%
Price / MAexp7: -0.15%
Price / MAexp20: -0.25%
Price / MAexp50: -0.29%
Price / MAexp100: -0.21%

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.

About author

Londinia
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