EUR/AUD - 1H - Technical analysis published on 01/29/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 1.6426 AUD
My targets
1.6279 AUD (-0.0117)
1.6171 AUD (-0.0225)
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 1.6426 AUD. The next support located at 1.6279 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 1.6171 AUD. Below this support, sellers could then target 1.5898 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.3
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This analysis was given by Danny_gujjar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/AUD price is 1.6396 AUD. On the day, this instrument lost -0.68% and was traded between 1.6375 AUD and 1.6505 AUD over the period. The price is currently at +0.13% from its lowest and -0.66% from its highest.1.6375
1.6505
1.6396
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 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. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a bearish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
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 | 1.5898 | 1.6171 | 1.6279 | 1.6396 | 1.6426 | 1.6483 | 1.6542 |
| Change (%) | -3.04% | -1.37% | -0.71% | - | +0.18% | +0.53% | +0.89% |
| Change | -0.0498 | -0.0225 | -0.0117 | - | +0.0030 | +0.0087 | +0.0146 |
| Level | Intermediate | Intermediate | Major | - | Major | Minor | Minor |
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 | 1.6372 | 1.6402 | 1.6455 | 1.6485 | 1.6538 | 1.6568 | 1.6621 |
| Camarilla | 1.6486 | 1.6494 | 1.6501 | 1.6509 | 1.6517 | 1.6524 | 1.6532 |
| Woodie | 1.6385 | 1.6408 | 1.6468 | 1.6491 | 1.6551 | 1.6574 | 1.6634 |
| Fibonacci | 1.6402 | 1.6433 | 1.6453 | 1.6485 | 1.6516 | 1.6536 | 1.6568 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6293 | 1.6362 | 1.6435 | 1.6504 | 1.6577 | 1.6646 | 1.6719 |
| Camarilla | 1.6470 | 1.6483 | 1.6496 | 1.6509 | 1.6522 | 1.6535 | 1.6548 |
| Woodie | 1.6296 | 1.6363 | 1.6438 | 1.6505 | 1.6580 | 1.6647 | 1.6722 |
| Fibonacci | 1.6362 | 1.6416 | 1.6449 | 1.6504 | 1.6558 | 1.6591 | 1.6646 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5666 | 1.5903 | 1.6054 | 1.6291 | 1.6442 | 1.6679 | 1.6830 |
| Camarilla | 1.6098 | 1.6134 | 1.6169 | 1.6205 | 1.6241 | 1.6276 | 1.6312 |
| Woodie | 1.5623 | 1.5882 | 1.6011 | 1.6270 | 1.6399 | 1.6658 | 1.6787 |
| Fibonacci | 1.5903 | 1.6051 | 1.6143 | 1.6291 | 1.6439 | 1.6531 | 1.6679 |
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): | 37.02 | |
| MACD (12,26,9): | -0.0021 | |
| Directional Movement: | -16.2067 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 1.6391 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6376 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 1.6451 | |
| Zig ZAG (10): | 1.6397 | |
| VORTEX (21): | 0.7630 | |
| Stochastique (14,3,5): | 29.74 | |
| TEMA (21): | 1.6383 | |
| Williams %R (14): | -74.70 | |
| Chande Momentum Oscillator (20): | -0.0025 | |
| Repulse (5,40,3): | -0.0030 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0182 | |
| Courbe Coppock: | 0.70 |
| MA7: | 1.6499 | |
| MA20: | 1.6421 | |
| MA50: | 1.6413 | |
| MA100: | 1.6520 | |
| MAexp7: | 1.6399 | |
| MAexp20: | 1.6418 | |
| MAexp50: | 1.6449 | |
| MAexp100: | 1.6473 | |
| Price / MA7: | -0.62% | |
| Price / MA20: | -0.15% | |
| Price / MA50: | -0.10% | |
| Price / MA100: | -0.75% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.32% | |
| 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:
-
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
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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
-
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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