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:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 1.6408 AUD
My targets
1.6349 AUD (-0.0040)
1.6279 AUD (-0.0110)
My analysis
The bearish trend is currently very strong for EUR/AUD. As long as the price remains below the resistance at 1.6408 AUD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.6349 AUD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.6279 AUD as an objective. Crossing it would then enable sellers to target 1.6172 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
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
EUR/AUD rating 1.6389 AUD. On the day, this instrument lost -0.14% with the lowest point at 1.6363 AUD and the highest point at 1.6435 AUD. The deviation from the price is +0.16% for the low point and -0.28% for the high point.1.6363
1.6435
1.6389
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
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 this 1H chart of EUR/AUD indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
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
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 | 1.6389 | 1.6408 | 1.6496 | 1.6563 |
| Change (%) | -0.67% | -0.24% | -0.04% | - | +0.12% | +0.65% | +1.06% |
| Change | -0.0110 | -0.0040 | -0.0007 | - | +0.0019 | +0.0107 | +0.0174 |
| Level | Major | Minor | Major | - | 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 | 1.6296 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.20 | |
| MACD (12,26,9): | -0.0017 | |
| Directional Movement: | -12.8490 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 1.6390 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6402 | |
| Elder Ray (13): | -0.0024 | |
| Super Trend (3,10): | 1.6443 | |
| Zig ZAG (10): | 1.6385 | |
| VORTEX (21): | 0.8303 | |
| Stochastique (14,3,5): | 15.81 | |
| TEMA (21): | 1.6375 | |
| Williams %R (14): | -70.73 | |
| Chande Momentum Oscillator (20): | -0.0022 | |
| Repulse (5,40,3): | 0.0340 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0123 | |
| Courbe Coppock: | 0.58 |
| MA7: | 1.6412 | |
| MA20: | 1.6468 | |
| MA50: | 1.6529 | |
| MA100: | 1.6472 | |
| MAexp7: | 1.6391 | |
| MAexp20: | 1.6410 | |
| MAexp50: | 1.6421 | |
| MAexp100: | 1.6424 | |
| Price / MA7: | -0.14% | |
| Price / MA20: | -0.48% | |
| Price / MA50: | -0.85% | |
| Price / MA100: | -0.50% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.19% | |
| 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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