EUR/AUD - 1H - Technical analysis published on 04/29/2024 (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 1.6349 AUD
My targets
1.6279 AUD (-0.0047)
1.6172 AUD (-0.0154)
My analysis
EUR/AUD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.6349 AUD. The next support located at 1.6279 AUD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.6172 AUD. Below this support, sellers could then target 1.5898 AUD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
7.5
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/AUD rating is 1.6326 AUD. The price registered a decrease of -0.26% on the session and was between 1.6291 AUD and 1.6407 AUD. This implies that the price is at +0.21% from its lowest and at -0.49% from its highest.1.6291
1.6407
1.6326
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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. 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.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 1.5898 | 1.6172 | 1.6279 | 1.6326 | 1.6349 | 1.6382 | 1.6409 |
| Change (%) | -2.62% | -0.94% | -0.29% | - | +0.14% | +0.34% | +0.51% |
| Change | -0.0428 | -0.0154 | -0.0047 | - | +0.0023 | +0.0056 | +0.0083 |
| Level | Minor | Intermediate | Major | - | 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 | 1.6224 | 1.6287 | 1.6327 | 1.6390 | 1.6430 | 1.6493 | 1.6533 |
| Camarilla | 1.6340 | 1.6349 | 1.6359 | 1.6368 | 1.6377 | 1.6387 | 1.6396 |
| Woodie | 1.6214 | 1.6281 | 1.6317 | 1.6384 | 1.6420 | 1.6487 | 1.6523 |
| Fibonacci | 1.6287 | 1.6326 | 1.6350 | 1.6390 | 1.6429 | 1.6453 | 1.6493 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5995 | 1.6172 | 1.6270 | 1.6447 | 1.6545 | 1.6722 | 1.6820 |
| Camarilla | 1.6292 | 1.6318 | 1.6343 | 1.6368 | 1.6393 | 1.6418 | 1.6444 |
| Woodie | 1.5956 | 1.6152 | 1.6231 | 1.6427 | 1.6506 | 1.6702 | 1.6781 |
| Fibonacci | 1.6172 | 1.6277 | 1.6342 | 1.6447 | 1.6552 | 1.6617 | 1.6722 |
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): | 30.63 | |
| MACD (12,26,9): | -0.0024 | |
| Directional Movement: | -25.5599 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 1.6329 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6385 | |
| Elder Ray (13): | -0.0030 | |
| Super Trend (3,10): | 1.6372 | |
| Zig ZAG (10): | 1.6323 | |
| VORTEX (21): | 0.7706 | |
| Stochastique (14,3,5): | 18.18 | |
| TEMA (21): | 1.6321 | |
| Williams %R (14): | -70.69 | |
| Chande Momentum Oscillator (20): | -0.0047 | |
| Repulse (5,40,3): | 0.0193 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0189 | |
| Courbe Coppock: | 0.52 |
| MA7: | 1.6460 | |
| MA20: | 1.6479 | |
| MA50: | 1.6534 | |
| MA100: | 1.6471 | |
| MAexp7: | 1.6334 | |
| MAexp20: | 1.6360 | |
| MAexp50: | 1.6398 | |
| MAexp100: | 1.6435 | |
| Price / MA7: | -0.81% | |
| Price / MA20: | -0.93% | |
| Price / MA50: | -1.26% | |
| Price / MA100: | -0.88% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.44% | |
| Price / MAexp100: | -0.66% |
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
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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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