EUR/AUD - 1H - Technical analysis published on 04/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 1.6498 AUD
My targets
1.6409 AUD (-0.0033)
1.6382 AUD (-0.0060)
My analysis
There is a bearish trend on EUR/AUD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 1.6498 AUD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 1.6409 AUD. Then the price could move towards 1.6382 AUD. Then 1.6279 AUD by extension. Be careful, a return to above the resistance 1.6498 AUD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.5
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/AUD rating 1.6442 AUD. On the day, this instrument lost -0.03% and was traded between 1.6422 AUD and 1.6452 AUD over the period. The price is currently at +0.12% from its lowest and -0.06% from its highest.1.6422
1.6452
1.6442
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/AUD chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 2 are neutral and 12 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6279 | 1.6382 | 1.6409 | 1.6442 | 1.6498 | 1.6537 | 1.6602 |
| Change (%) | -0.99% | -0.36% | -0.20% | - | +0.34% | +0.58% | +0.97% |
| Change | -0.0163 | -0.0060 | -0.0033 | - | +0.0056 | +0.0095 | +0.0160 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 1.6332 | 1.6371 | 1.6409 | 1.6448 | 1.6486 | 1.6525 | 1.6563 |
| Camarilla | 1.6426 | 1.6433 | 1.6440 | 1.6447 | 1.6454 | 1.6461 | 1.6468 |
| Woodie | 1.6332 | 1.6371 | 1.6409 | 1.6448 | 1.6486 | 1.6525 | 1.6563 |
| Fibonacci | 1.6371 | 1.6400 | 1.6419 | 1.6448 | 1.6477 | 1.6496 | 1.6525 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6183 | 1.6299 | 1.6451 | 1.6567 | 1.6719 | 1.6835 | 1.6987 |
| Camarilla | 1.6530 | 1.6555 | 1.6579 | 1.6604 | 1.6629 | 1.6653 | 1.6678 |
| Woodie | 1.6202 | 1.6308 | 1.6470 | 1.6576 | 1.6738 | 1.6844 | 1.7006 |
| Fibonacci | 1.6299 | 1.6401 | 1.6464 | 1.6567 | 1.6669 | 1.6732 | 1.6835 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.90 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -11.2102 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 1.6444 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6472 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 1.6423 | |
| Zig ZAG (10): | 1.6440 | |
| VORTEX (21): | 0.9742 | |
| Stochastique (14,3,5): | 23.59 | |
| TEMA (21): | 1.6444 | |
| Williams %R (14): | -66.15 | |
| Chande Momentum Oscillator (20): | -0.0035 | |
| Repulse (5,40,3): | 0.0382 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0015 | |
| Courbe Coppock: | 0.11 |
| MA7: | 1.6506 | |
| MA20: | 1.6493 | |
| MA50: | 1.6539 | |
| MA100: | 1.6472 | |
| MAexp7: | 1.6444 | |
| MAexp20: | 1.6450 | |
| MAexp50: | 1.6461 | |
| MAexp100: | 1.6481 | |
| Price / MA7: | -0.39% | |
| Price / MA20: | -0.31% | |
| Price / MA50: | -0.59% | |
| Price / MA100: | -0.18% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.24% |
Quotes :
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Real time data
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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:
-
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.
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