EUR/AUD - 1H - Technical analysis published on 05/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 1.6317 AUD
My targets
1.6245 AUD (-0.0039)
1.6218 AUD (-0.0066)
My analysis
The bearish trend is currently very strong for EUR/AUD. As long as the price remains below the resistance at 1.6317 AUD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.6245 AUD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.6218 AUD as an objective. Crossing it would then enable sellers to target 1.6172 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, 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
7.3
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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 1.6284 AUD. On the day, this instrument lost -0.25% and was traded between 1.6279 AUD and 1.6337 AUD over the period. The price is currently at +0.03% from its lowest and -0.32% from its highest.1.6279
1.6337
1.6284
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. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
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
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6218 | 1.6245 | 1.6279 | 1.6284 | 1.6317 | 1.6331 | 1.6352 |
| Change (%) | -0.41% | -0.24% | -0.03% | - | +0.20% | +0.29% | +0.42% |
| Change | -0.0066 | -0.0039 | -0.0005 | - | +0.0033 | +0.0047 | +0.0068 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6253 | 1.6285 | 1.6305 | 1.6337 | 1.6357 | 1.6389 | 1.6409 |
| Camarilla | 1.6311 | 1.6316 | 1.6320 | 1.6325 | 1.6330 | 1.6335 | 1.6339 |
| Woodie | 1.6247 | 1.6282 | 1.6299 | 1.6334 | 1.6351 | 1.6386 | 1.6403 |
| Fibonacci | 1.6285 | 1.6305 | 1.6317 | 1.6337 | 1.6357 | 1.6369 | 1.6389 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6062 | 1.6140 | 1.6227 | 1.6305 | 1.6392 | 1.6470 | 1.6557 |
| Camarilla | 1.6269 | 1.6284 | 1.6299 | 1.6314 | 1.6329 | 1.6344 | 1.6359 |
| Woodie | 1.6067 | 1.6142 | 1.6232 | 1.6307 | 1.6397 | 1.6472 | 1.6562 |
| Fibonacci | 1.6140 | 1.6203 | 1.6242 | 1.6305 | 1.6368 | 1.6407 | 1.6470 |
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): | 28.65 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -9.8617 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 1.6310 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6346 | |
| Elder Ray (13): | -0.0028 | |
| Super Trend (3,10): | 1.6330 | |
| Zig ZAG (10): | 1.6286 | |
| VORTEX (21): | 0.8872 | |
| Stochastique (14,3,5): | 10.84 | |
| TEMA (21): | 1.6301 | |
| Williams %R (14): | -90.41 | |
| Chande Momentum Oscillator (20): | -0.0051 | |
| Repulse (5,40,3): | -0.1614 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0023 | |
| Courbe Coppock: | 0.32 |
| MA7: | 1.6314 | |
| MA20: | 1.6387 | |
| MA50: | 1.6472 | |
| MA100: | 1.6475 | |
| MAexp7: | 1.6304 | |
| MAexp20: | 1.6319 | |
| MAexp50: | 1.6323 | |
| MAexp100: | 1.6323 | |
| Price / MA7: | -0.18% | |
| Price / MA20: | -0.63% | |
| Price / MA50: | -1.14% | |
| Price / MA100: | -1.16% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.24% | |
| Price / MAexp100: | -0.24% |
Quotes :
-
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
-
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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