EUR/AUD - 1H - Technical analysis published on 05/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 1.6355 AUD
My targets
1.6279 AUD (-0.0022)
1.6240 AUD (-0.0061)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.6355 AUD remains possible. It is advisable to trade EUR/AUD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.6355 AUD. The next bearish objective for sellers 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 1.6240 AUD. In case of crossing, the next objective would be the support located at 1.6218 AUD. PS: if there is a bullish break in the resistance located at 1.6355 AUD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.5
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Additional analysis
Quotes
EUR/AUD rating 1.6301 AUD. The price has increased by +0.04% since the last closing with the lowest point at 1.6289 AUD and the highest point at 1.6327 AUD. The deviation from the price is +0.07% for the low point and -0.16% for the high point.1.6289
1.6327
1.6301
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 this 1H chart of EUR/AUD indicates that the overall trend is bearish. The signals given by moving averages are 67.86% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6218 | 1.6240 | 1.6279 | 1.6301 | 1.6355 | 1.6382 | 1.6443 |
| Change (%) | -0.51% | -0.37% | -0.13% | - | +0.33% | +0.50% | +0.87% |
| Change | -0.0083 | -0.0061 | -0.0022 | - | +0.0054 | +0.0081 | +0.0142 |
| Level | Minor | Minor | Major | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6189 | 1.6235 | 1.6264 | 1.6310 | 1.6339 | 1.6385 | 1.6414 |
| Camarilla | 1.6273 | 1.6280 | 1.6287 | 1.6294 | 1.6301 | 1.6308 | 1.6315 |
| Woodie | 1.6182 | 1.6231 | 1.6257 | 1.6306 | 1.6332 | 1.6381 | 1.6407 |
| Fibonacci | 1.6235 | 1.6263 | 1.6281 | 1.6310 | 1.6338 | 1.6356 | 1.6385 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5924 | 1.6082 | 1.6182 | 1.6340 | 1.6440 | 1.6598 | 1.6698 |
| Camarilla | 1.6211 | 1.6235 | 1.6258 | 1.6282 | 1.6306 | 1.6329 | 1.6353 |
| Woodie | 1.5895 | 1.6068 | 1.6153 | 1.6326 | 1.6411 | 1.6584 | 1.6669 |
| Fibonacci | 1.6082 | 1.6181 | 1.6241 | 1.6340 | 1.6439 | 1.6499 | 1.6598 |
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): | 45.28 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | 2.2555 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 1.6298 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6294 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 1.6326 | |
| Zig ZAG (10): | 1.6298 | |
| VORTEX (21): | 0.9247 | |
| Stochastique (14,3,5): | 44.44 | |
| TEMA (21): | 1.6299 | |
| Williams %R (14): | -62.22 | |
| Chande Momentum Oscillator (20): | 0.0010 | |
| Repulse (5,40,3): | -0.0340 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0062 | |
| Courbe Coppock: | 0.04 |
| MA7: | 1.6302 | |
| MA20: | 1.6421 | |
| MA50: | 1.6493 | |
| MA100: | 1.6471 | |
| MAexp7: | 1.6302 | |
| MAexp20: | 1.6305 | |
| MAexp50: | 1.6312 | |
| MAexp100: | 1.6316 | |
| Price / MA7: | -0.01% | |
| Price / MA20: | -0.73% | |
| Price / MA50: | -1.16% | |
| Price / MA100: | -1.03% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.09% |
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.
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