EUR/AUD - 1H - Technical analysis published on 05/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 1.6279 AUD
My targets
1.6218 AUD (-0.0043)
1.6172 AUD (-0.0089)
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 1.6279 AUD. The sellers' bearish objective is set at 1.6218 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.8
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/AUD rating 1.6261 AUD. The price is lower by -0.39% since the last closing and was between 1.6248 AUD and 1.6343 AUD. This implies that the price is at +0.08% from its lowest and at -0.50% from its highest.1.6248
1.6343
1.6261
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
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 strongly bearish. The signals given by moving averages are 89.29% 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.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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 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 | 1.6172 | 1.6218 | 1.6245 | 1.6261 | 1.6279 | 1.6317 | 1.6331 |
| Change (%) | -0.55% | -0.26% | -0.10% | - | +0.11% | +0.34% | +0.43% |
| Change | -0.0089 | -0.0043 | -0.0016 | - | +0.0018 | +0.0056 | +0.0070 |
| Level | Intermediate | Minor | Minor | - | Major | Intermediate | 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 | 1.6253 | 1.6285 | 1.6305 | 1.6337 | 1.6357 | 1.6389 | 1.6409 |
| Camarilla | 1.6311 | 1.6316 | 1.6320 | 1.6325 | 1.6330 | 1.6335 | 1.6339 |
| Woodie | 1.6247 | 1.6282 | 1.6299 | 1.6334 | 1.6351 | 1.6386 | 1.6403 |
| Fibonacci | 1.6285 | 1.6305 | 1.6317 | 1.6337 | 1.6357 | 1.6369 | 1.6389 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6062 | 1.6140 | 1.6227 | 1.6305 | 1.6392 | 1.6470 | 1.6557 |
| Camarilla | 1.6269 | 1.6284 | 1.6299 | 1.6314 | 1.6329 | 1.6344 | 1.6359 |
| Woodie | 1.6067 | 1.6142 | 1.6232 | 1.6307 | 1.6397 | 1.6472 | 1.6562 |
| Fibonacci | 1.6140 | 1.6203 | 1.6242 | 1.6305 | 1.6368 | 1.6407 | 1.6470 |
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): | 37.49 | |
| MACD (12,26,9): | -0.0015 | |
| Directional Movement: | -11.6741 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 1.6272 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6328 | |
| Elder Ray (13): | -0.0018 | |
| Super Trend (3,10): | 1.6335 | |
| Zig ZAG (10): | 1.6266 | |
| VORTEX (21): | 0.8660 | |
| Stochastique (14,3,5): | 11.23 | |
| TEMA (21): | 1.6263 | |
| Williams %R (14): | -83.16 | |
| Chande Momentum Oscillator (20): | -0.0033 | |
| Repulse (5,40,3): | -0.0899 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0099 | |
| Courbe Coppock: | 0.33 |
| MA7: | 1.6310 | |
| MA20: | 1.6386 | |
| MA50: | 1.6472 | |
| MA100: | 1.6475 | |
| MAexp7: | 1.6271 | |
| MAexp20: | 1.6290 | |
| MAexp50: | 1.6306 | |
| MAexp100: | 1.6314 | |
| Price / MA7: | -0.30% | |
| Price / MA20: | -0.76% | |
| Price / MA50: | -1.28% | |
| Price / MA100: | -1.30% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.28% | |
| Price / MAexp100: | -0.32% |
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
-
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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