EUR/AUD - 1H - Technical analysis published on 04/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.6382 AUD
My targets
1.6279 AUD (-0.0086)
1.6172 AUD (-0.0193)
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 1.6382 AUD. The sellers' bearish objective is set at 1.6279 AUD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.6172 AUD. In case of crossing, the next objective would be the support located at 1.5898 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.5
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 1.6365 AUD. The price is lower by -0.50% since the last closing with the lowest point at 1.6349 AUD and the highest point at 1.6452 AUD. The deviation from the price is +0.10% for the low point and -0.53% for the high point.1.6349
1.6452
1.6365
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/AUD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.5898 | 1.6172 | 1.6279 | 1.6365 | 1.6382 | 1.6409 | 1.6498 |
| Change (%) | -2.85% | -1.18% | -0.53% | - | +0.10% | +0.27% | +0.81% |
| Change | -0.0467 | -0.0193 | -0.0086 | - | +0.0017 | +0.0044 | +0.0133 |
| Level | Minor | Intermediate | Major | - | 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 |
|---|---|---|---|---|---|---|---|
| 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): | 25.83 | |
| MACD (12,26,9): | -0.0021 | |
| Directional Movement: | -26.6841 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 1.6386 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6424 | |
| Elder Ray (13): | -0.0042 | |
| Super Trend (3,10): | 1.6423 | |
| Zig ZAG (10): | 1.6357 | |
| VORTEX (21): | 0.7312 | |
| Stochastique (14,3,5): | 5.21 | |
| TEMA (21): | 1.6374 | |
| Williams %R (14): | -85.42 | |
| Chande Momentum Oscillator (20): | -0.0071 | |
| Repulse (5,40,3): | -0.1507 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0126 | |
| Courbe Coppock: | 0.75 |
| MA7: | 1.6494 | |
| MA20: | 1.6489 | |
| MA50: | 1.6537 | |
| MA100: | 1.6471 | |
| MAexp7: | 1.6385 | |
| MAexp20: | 1.6411 | |
| MAexp50: | 1.6438 | |
| MAexp100: | 1.6464 | |
| Price / MA7: | -0.78% | |
| Price / MA20: | -0.75% | |
| Price / MA50: | -1.04% | |
| Price / MA100: | -0.64% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.29% | |
| Price / MAexp50: | -0.45% | |
| Price / MAexp100: | -0.61% |
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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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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