EUR/AUD - 1H - Technical analysis published on 05/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 1.6382 AUD
My targets
1.6487 AUD (+0.0018)
1.6563 AUD (+0.0094)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/AUD as long as the price remains well above 1.6382 AUD. The buyers' bullish objective is set at 1.6487 AUD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.6563 AUD. If there is any crossing, the next objective would be the resistance located at 1.6624 AUD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.6
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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 1.6469 AUD. The price registered a decrease of -0.02% on the session and was between 1.6443 AUD and 1.6490 AUD. This implies that the price is at +0.16% from its lowest and at -0.13% from its highest.1.6443
1.6490
1.6469
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/AUD indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 8 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
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 | 1.6349 | 1.6382 | 1.6454 | 1.6469 | 1.6487 | 1.6563 | 1.6624 |
Change (%) | -0.73% | -0.53% | -0.09% | - | +0.11% | +0.57% | +0.94% |
Change | -0.0120 | -0.0087 | -0.0015 | - | +0.0018 | +0.0094 | +0.0155 |
Level | Minor | Major | Minor | - | Major | Minor | 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 | 1.6190 | 1.6256 | 1.6365 | 1.6431 | 1.6540 | 1.6606 | 1.6715 |
Camarilla | 1.6425 | 1.6441 | 1.6457 | 1.6473 | 1.6489 | 1.6505 | 1.6521 |
Woodie | 1.6211 | 1.6267 | 1.6386 | 1.6442 | 1.6561 | 1.6617 | 1.6736 |
Fibonacci | 1.6256 | 1.6323 | 1.6365 | 1.6431 | 1.6498 | 1.6540 | 1.6606 |
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 | 1.5891 | 1.6091 | 1.6282 | 1.6482 | 1.6673 | 1.6873 | 1.7064 |
Camarilla | 1.6366 | 1.6401 | 1.6437 | 1.6473 | 1.6509 | 1.6545 | 1.6581 |
Woodie | 1.5887 | 1.6089 | 1.6278 | 1.6480 | 1.6669 | 1.6871 | 1.7060 |
Fibonacci | 1.6091 | 1.6240 | 1.6333 | 1.6482 | 1.6631 | 1.6724 | 1.6873 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 51.77 | |
MACD (12,26,9): | 0.0010 | |
Directional Movement: | 2.1769 | |
AROON (14): | -35.7143 | |
DEMA (21): | 1.6476 | |
Parabolic SAR (0,02-0,02-0,2): | 1.6473 | |
Elder Ray (13): | -0.0003 | |
Super Trend (3,10): | 1.6423 | |
Zig ZAG (10): | 1.6464 | |
VORTEX (21): | 0.9813 | |
Stochastique (14,3,5): | 49.65 | |
TEMA (21): | 1.6471 | |
Williams %R (14): | -40.43 | |
Chande Momentum Oscillator (20): | -0.0016 | |
Repulse (5,40,3): | 0.1069 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0145 | |
Courbe Coppock: | 0.12 |
MA7: | 1.6436 | |
MA20: | 1.6474 | |
MA50: | 1.6533 | |
MA100: | 1.6473 | |
MAexp7: | 1.6465 | |
MAexp20: | 1.6458 | |
MAexp50: | 1.6433 | |
MAexp100: | 1.6428 | |
Price / MA7: | +0.20% | |
Price / MA20: | -0.03% | |
Price / MA50: | -0.39% | |
Price / MA100: | -0.02% | |
Price / MAexp7: | +0.02% | |
Price / MAexp20: | +0.07% | |
Price / MAexp50: | +0.22% | |
Price / MAexp100: | +0.25% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/AUD at the time of the generation of this analysis 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
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…
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