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
17%
61%
22%
My opinion
Bearish under 1.6408 AUD
My targets
1.6349 AUD (-0.0027)
1.6279 AUD (-0.0097)
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. 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
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/AUD rating 1.6376 AUD. The price is lower by -0.22% since the last closing and was between 1.6363 AUD and 1.6435 AUD. This implies that the price is at +0.08% from its lowest and at -0.36% from its highest.1.6363
1.6435
1.6376
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
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 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. 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 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
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 | 1.6279 | 1.6349 | 1.6376 | 1.6382 | 1.6408 | 1.6496 |
| Change (%) | -1.25% | -0.59% | -0.16% | - | +0.04% | +0.20% | +0.73% |
| Change | -0.0204 | -0.0097 | -0.0027 | - | +0.0006 | +0.0032 | +0.0120 |
| Level | Intermediate | Major | Minor | - | Major | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation 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 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): | 37.91 | |
| MACD (12,26,9): | -0.0015 | |
| Directional Movement: | -10.9758 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.6384 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6366 | |
| Elder Ray (13): | -0.0017 | |
| Super Trend (3,10): | 1.6443 | |
| Zig ZAG (10): | 1.6373 | |
| VORTEX (21): | 0.8613 | |
| Stochastique (14,3,5): | 29.17 | |
| TEMA (21): | 1.6374 | |
| Williams %R (14): | -86.11 | |
| Chande Momentum Oscillator (20): | -0.0034 | |
| Repulse (5,40,3): | -0.0695 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0134 | |
| Courbe Coppock: | 0.39 |
| MA7: | 1.6410 | |
| MA20: | 1.6468 | |
| MA50: | 1.6529 | |
| MA100: | 1.6472 | |
| MAexp7: | 1.6388 | |
| MAexp20: | 1.6404 | |
| MAexp50: | 1.6416 | |
| MAexp100: | 1.6421 | |
| Price / MA7: | -0.21% | |
| Price / MA20: | -0.56% | |
| Price / MA50: | -0.93% | |
| Price / MA100: | -0.58% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.24% | |
| Price / MAexp100: | -0.27% |
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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