EUR/AUD - 1H - Technical analysis published on 05/03/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 1.6349 AUD
My targets
1.6279 AUD (-0.0051)
1.6172 AUD (-0.0158)
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 1.6349 AUD. The sellers' bearish objective is set at 1.6279 AUD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.6172 AUD. In case of crossing, the next objective would be the support located at 1.5898 AUD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/AUD rating is 1.6330 AUD. The price is lower by -0.01% since the last closing with the lowest point at 1.6308 AUD and the highest point at 1.6338 AUD. The deviation from the price is +0.13% for the low point and -0.05% for the high point.1.6308
1.6338
1.6330
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 EUR/AUD in 1H shows an overall bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 6 are bullish, 5 are neutral and 7 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
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 | 1.6172 | 1.6279 | 1.6323 | 1.6330 | 1.6349 | 1.6382 | 1.6409 |
| Change (%) | -0.97% | -0.31% | -0.04% | - | +0.12% | +0.32% | +0.48% |
| Change | -0.0158 | -0.0051 | -0.0007 | - | +0.0019 | +0.0052 | +0.0079 |
| Level | Intermediate | Major | Minor | - | Minor | Intermediate | Major |
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 | 1.6176 | 1.6248 | 1.6290 | 1.6362 | 1.6404 | 1.6476 | 1.6518 |
| Camarilla | 1.6300 | 1.6310 | 1.6321 | 1.6331 | 1.6342 | 1.6352 | 1.6362 |
| Woodie | 1.6160 | 1.6241 | 1.6274 | 1.6355 | 1.6388 | 1.6469 | 1.6502 |
| Fibonacci | 1.6248 | 1.6292 | 1.6319 | 1.6362 | 1.6406 | 1.6433 | 1.6476 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 37.01 | |
| MACD (12,26,9): | -0.0020 | |
| Directional Movement: | -17.5258 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 1.6313 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6334 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 1.6370 | |
| Zig ZAG (10): | 1.6323 | |
| VORTEX (21): | 0.8630 | |
| Stochastique (14,3,5): | 29.82 | |
| TEMA (21): | 1.6309 | |
| Williams %R (14): | -69.05 | |
| Chande Momentum Oscillator (20): | -0.0003 | |
| Repulse (5,40,3): | -0.0070 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0206 | |
| Courbe Coppock: | 0.44 |
| MA7: | 1.6385 | |
| MA20: | 1.6458 | |
| MA50: | 1.6525 | |
| MA100: | 1.6471 | |
| MAexp7: | 1.6326 | |
| MAexp20: | 1.6341 | |
| MAexp50: | 1.6374 | |
| MAexp100: | 1.6396 | |
| Price / MA7: | -0.34% | |
| Price / MA20: | -0.78% | |
| Price / MA50: | -1.18% | |
| Price / MA100: | -0.86% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.27% | |
| Price / MAexp100: | -0.40% |
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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