EUR/AUD - 1H - Technical analysis published on 05/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 1.6279 AUD
My targets
1.6223 AUD (-0.0033)
1.6172 AUD (-0.0084)
My analysis
The bearish trend is currently very strong for EUR/AUD. As long as the price remains below the resistance at 1.6279 AUD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.6223 AUD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.6172 AUD as an objective. Crossing it would then enable sellers to target 1.5898 AUD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.3
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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 1.6256 AUD. The price registered a decrease of -0.05% on the session with the lowest point at 1.6251 AUD and the highest point at 1.6308 AUD. The deviation from the price is +0.03% for the low point and -0.32% for the high point.1.6251
1.6308
1.6256
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
Technical
Technical analysis of EUR/AUD in 1H shows a overall strongly bearish trend. 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 market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
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 support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.5898 | 1.6172 | 1.6223 | 1.6256 | 1.6257 | 1.6279 | 1.6317 |
| Change (%) | -2.20% | -0.52% | -0.20% | - | +0.01% | +0.14% | +0.38% |
| Change | -0.0358 | -0.0084 | -0.0033 | - | +0.0001 | +0.0023 | +0.0061 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6126 | 1.6175 | 1.6219 | 1.6268 | 1.6312 | 1.6361 | 1.6405 |
| Camarilla | 1.6238 | 1.6247 | 1.6256 | 1.6264 | 1.6273 | 1.6281 | 1.6290 |
| Woodie | 1.6125 | 1.6174 | 1.6218 | 1.6267 | 1.6311 | 1.6360 | 1.6404 |
| Fibonacci | 1.6175 | 1.6210 | 1.6232 | 1.6268 | 1.6303 | 1.6325 | 1.6361 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.21 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -9.3213 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 1.6273 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6303 | |
| Elder Ray (13): | -0.0016 | |
| Super Trend (3,10): | 1.6305 | |
| Zig ZAG (10): | 1.6257 | |
| VORTEX (21): | 0.9692 | |
| Stochastique (14,3,5): | 16.96 | |
| TEMA (21): | 1.6270 | |
| Williams %R (14): | -89.47 | |
| Chande Momentum Oscillator (20): | -0.0036 | |
| Repulse (5,40,3): | -0.0948 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0001 | |
| Courbe Coppock: | 0.12 |
| MA7: | 1.6289 | |
| MA20: | 1.6353 | |
| MA50: | 1.6461 | |
| MA100: | 1.6476 | |
| MAexp7: | 1.6268 | |
| MAexp20: | 1.6277 | |
| MAexp50: | 1.6283 | |
| MAexp100: | 1.6291 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | -0.59% | |
| Price / MA50: | -1.25% | |
| Price / MA100: | -1.34% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -0.21% |
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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