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 1.6382 AUD
My targets
1.6279 AUD (-0.0054)
1.6172 AUD (-0.0161)
My analysis
The bearish trend is currently very strong for EUR/AUD. As long as the price remains below the resistance at 1.6382 AUD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.6279 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, 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
7.1
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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 1.6333 AUD. The price registered a decrease of -0.48% on the session and was between 1.6323 AUD and 1.6435 AUD. This implies that the price is at +0.06% from its lowest and at -0.62% from its highest.1.6323
1.6435
1.6333
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
Technical analysis of this 1H chart of EUR/AUD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
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
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.5898 | 1.6172 | 1.6279 | 1.6333 | 1.6349 | 1.6382 | 1.6408 |
| Change (%) | -2.66% | -0.99% | -0.33% | - | +0.10% | +0.30% | +0.46% |
| Change | -0.0435 | -0.0161 | -0.0054 | - | +0.0016 | +0.0049 | +0.0075 |
| Level | Minor | Intermediate | Major | - | Minor | Major | Major |
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 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): | 33.99 | |
| MACD (12,26,9): | -0.0024 | |
| Directional Movement: | -17.6510 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 1.6334 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6372 | |
| Elder Ray (13): | -0.0018 | |
| Super Trend (3,10): | 1.6388 | |
| Zig ZAG (10): | 1.6336 | |
| VORTEX (21): | 0.8130 | |
| Stochastique (14,3,5): | 12.88 | |
| TEMA (21): | 1.6323 | |
| Williams %R (14): | -86.36 | |
| Chande Momentum Oscillator (20): | -0.0073 | |
| Repulse (5,40,3): | -0.0399 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.67 |
| MA7: | 1.6405 | |
| MA20: | 1.6466 | |
| MA50: | 1.6528 | |
| MA100: | 1.6471 | |
| MAexp7: | 1.6340 | |
| MAexp20: | 1.6365 | |
| MAexp50: | 1.6393 | |
| MAexp100: | 1.6408 | |
| Price / MA7: | -0.44% | |
| Price / MA20: | -0.81% | |
| Price / MA50: | -1.18% | |
| Price / MA100: | -0.84% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.20% | |
| Price / MAexp50: | -0.37% | |
| Price / MAexp100: | -0.46% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on EUR/AUD at the time of the analysis were as follows:
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Both Dollar and S&P 500 Edge Higher after Factory Report, EURAUD A Pair to Watch
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Weekly Technical Analysis: 19/08/2019 - GBPJPY, USDCAD, EURAUD
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An Underappreciated Technical and Fundamental Appeal of EURAUD
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Trading Sentiment: Poor for EUR, AUD and GBP | Webinar
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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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