EUR/AUD - 1H - Technical analysis published on 05/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 1.6260 AUD
My targets
1.6317 AUD (+0.0022)
1.6352 AUD (+0.0057)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on EUR/AUD. This is a positive signal for buyers. As long as the price remains above 1.6260 AUD, a purchase could be considered. The first bullish objective is located at 1.6317 AUD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.6352 AUD as an objective. Crossing it would then enable buyers to target 1.6369 AUD. In the event of a return below 1.6260 AUD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5
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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 rating is 1.6295 AUD. On the day, this instrument gained +0.10% and was between 1.6269 AUD and 1.6298 AUD. This implies that the price is at +0.16% from its lowest and at -0.02% from its highest.1.6269
1.6298
1.6295
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
A technical analysis in 1H of this EUR/AUD chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6260 | 1.6279 | 1.6295 | 1.6295 | 1.6317 | 1.6352 | 1.6369 |
| Change (%) | -0.21% | -0.10% | 0% | - | +0.14% | +0.35% | +0.45% |
| Change | -0.0035 | -0.0016 | 0 | - | +0.0022 | +0.0057 | +0.0074 |
| Level | Minor | Major | Intermediate | - | Minor | 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 | 1.6149 | 1.6181 | 1.6230 | 1.6262 | 1.6311 | 1.6343 | 1.6392 |
| Camarilla | 1.6256 | 1.6263 | 1.6271 | 1.6278 | 1.6285 | 1.6293 | 1.6300 |
| Woodie | 1.6157 | 1.6185 | 1.6238 | 1.6266 | 1.6319 | 1.6347 | 1.6400 |
| Fibonacci | 1.6181 | 1.6212 | 1.6231 | 1.6262 | 1.6293 | 1.6312 | 1.6343 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6040 | 1.6131 | 1.6186 | 1.6277 | 1.6332 | 1.6423 | 1.6478 |
| Camarilla | 1.6200 | 1.6213 | 1.6227 | 1.6240 | 1.6253 | 1.6267 | 1.6280 |
| Woodie | 1.6021 | 1.6122 | 1.6167 | 1.6268 | 1.6313 | 1.6414 | 1.6459 |
| Fibonacci | 1.6131 | 1.6187 | 1.6222 | 1.6277 | 1.6333 | 1.6368 | 1.6423 |
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): | 56.15 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | 2.5472 | |
| AROON (14): | 7.1429 | |
| DEMA (21): | 1.6281 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6294 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 1.6241 | |
| Zig ZAG (10): | 1.6278 | |
| VORTEX (21): | 1.1615 | |
| Stochastique (14,3,5): | 68.46 | |
| TEMA (21): | 1.6288 | |
| Williams %R (14): | -37.78 | |
| Chande Momentum Oscillator (20): | 0.0008 | |
| Repulse (5,40,3): | 0.0172 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0063 | |
| Courbe Coppock: | 0.36 |
| MA7: | 1.6280 | |
| MA20: | 1.6330 | |
| MA50: | 1.6451 | |
| MA100: | 1.6477 | |
| MAexp7: | 1.6280 | |
| MAexp20: | 1.6272 | |
| MAexp50: | 1.6268 | |
| MAexp100: | 1.6275 | |
| Price / MA7: | +0.09% | |
| Price / MA20: | -0.21% | |
| Price / MA50: | -0.95% | |
| Price / MA100: | -1.10% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | +0.12% |
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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