EUR/AUD - 1H - Technical analysis published on 05/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 1.6408 AUD
My targets
1.6349 AUD (-0.0041)
1.6279 AUD (-0.0111)
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 1.6408 AUD. The sellers' bearish objective is set at 1.6349 AUD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.6279 AUD. In case of crossing, the next objective would be the support located at 1.6172 AUD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.4
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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 1.6390 AUD. The price is lower by -0.13% since the last closing and was traded between 1.6386 AUD and 1.6435 AUD over the period. The price is currently at +0.02% from its lowest and -0.27% from its highest.1.6386
1.6435
1.6390
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is high given the direction of the technical indicators.
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
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
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 | 1.6279 | 1.6349 | 1.6382 | 1.6390 | 1.6408 | 1.6496 | 1.6563 |
| Change (%) | -0.68% | -0.25% | -0.05% | - | +0.11% | +0.65% | +1.06% |
| Change | -0.0111 | -0.0041 | -0.0008 | - | +0.0018 | +0.0106 | +0.0173 |
| Level | Major | Minor | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6296 | 1.6351 | 1.6381 | 1.6436 | 1.6466 | 1.6521 | 1.6551 |
| Camarilla | 1.6389 | 1.6396 | 1.6404 | 1.6412 | 1.6420 | 1.6428 | 1.6435 |
| Woodie | 1.6285 | 1.6345 | 1.6370 | 1.6430 | 1.6455 | 1.6515 | 1.6540 |
| Fibonacci | 1.6351 | 1.6383 | 1.6403 | 1.6436 | 1.6468 | 1.6488 | 1.6521 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.70 | |
| MACD (12,26,9): | -0.0013 | |
| Directional Movement: | -6.7014 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 1.6409 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6426 | |
| Elder Ray (13): | -0.0019 | |
| Super Trend (3,10): | 1.6461 | |
| Zig ZAG (10): | 1.6390 | |
| VORTEX (21): | 0.8482 | |
| Stochastique (14,3,5): | 10.96 | |
| TEMA (21): | 1.6392 | |
| Williams %R (14): | -96.10 | |
| Chande Momentum Oscillator (20): | -0.0062 | |
| Repulse (5,40,3): | -0.1583 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0082 | |
| Courbe Coppock: | 0.62 |
| MA7: | 1.6413 | |
| MA20: | 1.6469 | |
| MA50: | 1.6530 | |
| MA100: | 1.6472 | |
| MAexp7: | 1.6405 | |
| MAexp20: | 1.6424 | |
| MAexp50: | 1.6428 | |
| MAexp100: | 1.6427 | |
| Price / MA7: | -0.14% | |
| Price / MA20: | -0.48% | |
| Price / MA50: | -0.85% | |
| Price / MA100: | -0.50% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | -0.23% |
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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