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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.6498 AUD
My targets
1.6382 AUD (-0.0017)
1.6279 AUD (-0.0120)
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 1.6498 AUD. The sellers' bearish objective is set at 1.6382 AUD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.6279 AUD. In case of crossing, the next objective would be the support located at 1.6172 AUD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.7
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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 1.6399 AUD. On the day, this instrument lost -0.29% and was between 1.6381 AUD and 1.6452 AUD. This implies that the price is at +0.11% from its lowest and at -0.32% from its highest.1.6381
1.6452
1.6399
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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
Technical analysis of EUR/AUD in 1H shows a overall strongly bearish trend. 92.86% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6172 | 1.6279 | 1.6382 | 1.6399 | 1.6409 | 1.6498 | 1.6537 |
| Change (%) | -1.38% | -0.73% | -0.10% | - | +0.06% | +0.60% | +0.84% |
| Change | -0.0227 | -0.0120 | -0.0017 | - | +0.0010 | +0.0099 | +0.0138 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
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): | 35.87 | |
| MACD (12,26,9): | -0.0013 | |
| Directional Movement: | -15.6493 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 1.6411 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6382 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 1.6454 | |
| Zig ZAG (10): | 1.6399 | |
| VORTEX (21): | 0.8189 | |
| Stochastique (14,3,5): | 39.36 | |
| TEMA (21): | 1.6405 | |
| Williams %R (14): | -75.95 | |
| Chande Momentum Oscillator (20): | -0.0047 | |
| Repulse (5,40,3): | -0.1017 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0090 | |
| Courbe Coppock: | 0.61 |
| MA7: | 1.6499 | |
| MA20: | 1.6491 | |
| MA50: | 1.6538 | |
| MA100: | 1.6472 | |
| MAexp7: | 1.6413 | |
| MAexp20: | 1.6428 | |
| MAexp50: | 1.6447 | |
| MAexp100: | 1.6471 | |
| Price / MA7: | -0.61% | |
| Price / MA20: | -0.56% | |
| Price / MA50: | -0.84% | |
| Price / MA100: | -0.44% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -0.44% |
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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