EUR/AUD - 1H - Technical analysis published on 04/29/2024 (GMT)
- 54
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 1.6349 AUD
My targets
1.6279 AUD (-0.0044)
1.6172 AUD (-0.0151)
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 are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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
EUR/AUD rating 1.6323 AUD. The price is lower by -0.28% since the last closing with the lowest point at 1.6291 AUD and the highest point at 1.6407 AUD. The deviation from the price is +0.20% for the low point and -0.51% for the high point.1.6291
1.6407
1.6323
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 EUR/AUD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
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 | 1.5898 | 1.6172 | 1.6279 | 1.6323 | 1.6349 | 1.6382 | 1.6409 |
| Change (%) | -2.60% | -0.93% | -0.27% | - | +0.16% | +0.36% | +0.53% |
| Change | -0.0425 | -0.0151 | -0.0044 | - | +0.0026 | +0.0059 | +0.0086 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
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): | 37.89 | |
| MACD (12,26,9): | -0.0015 | |
| Directional Movement: | -10.3510 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 1.6317 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6294 | |
| Elder Ray (13): | -0.0008 | |
| Super Trend (3,10): | 1.6372 | |
| Zig ZAG (10): | 1.6321 | |
| VORTEX (21): | 0.8668 | |
| Stochastique (14,3,5): | 56.61 | |
| TEMA (21): | 1.6320 | |
| Williams %R (14): | -53.97 | |
| Chande Momentum Oscillator (20): | -0.0011 | |
| Repulse (5,40,3): | -0.0714 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0158 | |
| Courbe Coppock: | 0.18 |
| MA7: | 1.6460 | |
| MA20: | 1.6478 | |
| MA50: | 1.6534 | |
| MA100: | 1.6471 | |
| MAexp7: | 1.6327 | |
| MAexp20: | 1.6338 | |
| MAexp50: | 1.6372 | |
| MAexp100: | 1.6413 | |
| Price / MA7: | -0.83% | |
| Price / MA20: | -0.94% | |
| Price / MA50: | -1.28% | |
| Price / MA100: | -0.90% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.55% |
Quotes :
-
Real time data
-
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/AUD - 1H