EUR/AUD - 1H - Technical analysis published on 03/21/2022 (GMT)
- 231
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 1.5042 AUD
My targets
1.4821 AUD (-0.0080)
1.4606 AUD (-0.0295)
My analysis
EUR/AUD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.5042 AUD. The next support located at 1.4821 AUD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.4606 AUD. Below this support, sellers could then target 1.3720 AUD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.4
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 Sueyoshi. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/AUD price is 1.4901 AUD. On the day, this instrument lost -0.01% and was between 1.4897 AUD and 1.4909 AUD. This implies that the price is at +0.03% from its lowest and at -0.05% from its highest.1.4897
1.4909
1.4901
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/AUD chart shows a sharp bearish trend. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 6 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2966 | 1.3720 | 1.4821 | 1.4901 | 1.4912 | 1.5050 | 1.5199 |
| Change (%) | -12.99% | -7.93% | -0.54% | - | +0.07% | +1.00% | +2.00% |
| Change | -0.1935 | -0.1181 | -0.0080 | - | +0.0011 | +0.0149 | +0.0298 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | 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 | 1.4853 | 1.4876 | 1.4890 | 1.4913 | 1.4927 | 1.4950 | 1.4964 |
| Camarilla | 1.4893 | 1.4896 | 1.4900 | 1.4903 | 1.4906 | 1.4910 | 1.4913 |
| Woodie | 1.4848 | 1.4874 | 1.4885 | 1.4911 | 1.4922 | 1.4948 | 1.4959 |
| Fibonacci | 1.4876 | 1.4891 | 1.4899 | 1.4913 | 1.4928 | 1.4936 | 1.4950 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4320 | 1.4606 | 1.4756 | 1.5042 | 1.5192 | 1.5478 | 1.5628 |
| Camarilla | 1.4785 | 1.4825 | 1.4865 | 1.4905 | 1.4945 | 1.4985 | 1.5025 |
| Woodie | 1.4251 | 1.4572 | 1.4687 | 1.5008 | 1.5123 | 1.5444 | 1.5559 |
| Fibonacci | 1.4606 | 1.4773 | 1.4876 | 1.5042 | 1.5209 | 1.5312 | 1.5478 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4386 | 1.4910 | 1.5179 | 1.5703 | 1.5972 | 1.6496 | 1.6765 |
| Camarilla | 1.5231 | 1.5304 | 1.5376 | 1.5449 | 1.5522 | 1.5594 | 1.5667 |
| Woodie | 1.4260 | 1.4846 | 1.5053 | 1.5639 | 1.5846 | 1.6432 | 1.6639 |
| Fibonacci | 1.4910 | 1.5213 | 1.5400 | 1.5703 | 1.6006 | 1.6193 | 1.6496 |
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): | 31.50 | |
| MACD (12,26,9): | -0.0033 | |
| Directional Movement: | -15.1140 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 1.4895 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4896 | |
| Elder Ray (13): | -0.0022 | |
| Super Trend (3,10): | 1.4974 | |
| Zig ZAG (10): | 1.4903 | |
| VORTEX (21): | 0.7755 | |
| Stochastique (14,3,5): | 13.38 | |
| TEMA (21): | 1.4893 | |
| Williams %R (14): | -87.67 | |
| Chande Momentum Oscillator (20): | -0.0042 | |
| Repulse (5,40,3): | -0.1258 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0340 | |
| Courbe Coppock: | 0.84 |
| MA7: | 1.5046 | |
| MA20: | 1.5149 | |
| MA50: | 1.5566 | |
| MA100: | 1.5644 | |
| MAexp7: | 1.4911 | |
| MAexp20: | 1.4940 | |
| MAexp50: | 1.5003 | |
| MAexp100: | 1.5045 | |
| Price / MA7: | -0.96% | |
| Price / MA20: | -1.64% | |
| Price / MA50: | -4.27% | |
| Price / MA100: | -4.75% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -0.68% | |
| Price / MAexp100: | -0.96% |
Quotes :
-
Real time data
-
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/AUD - 1H