EUR/AUD - 1H - Technical analysis published on 05/15/2024 (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%
39%
44%
My opinion
Bearish under 1.6331 AUD
My targets
1.6279 AUD (-0.0028)
1.6245 AUD (-0.0062)
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 1.6331 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 1.6245 AUD. Below this support, sellers could then target 1.6218 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
6.4
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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 1.6307 AUD. On the day, this instrument lost -0.11% and was between 1.6279 AUD and 1.6337 AUD. This implies that the price is at +0.17% from its lowest and at -0.18% from its highest.1.6279
1.6337
1.6307
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 1
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
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 | 1.6218 | 1.6245 | 1.6279 | 1.6307 | 1.6317 | 1.6331 | 1.6352 |
| Change (%) | -0.55% | -0.38% | -0.17% | - | +0.06% | +0.15% | +0.28% |
| Change | -0.0089 | -0.0062 | -0.0028 | - | +0.0010 | +0.0024 | +0.0045 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | 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 | 1.6253 | 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): | 42.51 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | 1.8865 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.6298 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6312 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 1.6335 | |
| Zig ZAG (10): | 1.6297 | |
| VORTEX (21): | 0.9040 | |
| Stochastique (14,3,5): | 34.48 | |
| TEMA (21): | 1.6292 | |
| Williams %R (14): | -68.97 | |
| Chande Momentum Oscillator (20): | -0.0028 | |
| Repulse (5,40,3): | -0.0623 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0070 | |
| Courbe Coppock: | 0.41 |
| MA7: | 1.6316 | |
| MA20: | 1.6388 | |
| MA50: | 1.6472 | |
| MA100: | 1.6475 | |
| MAexp7: | 1.6300 | |
| MAexp20: | 1.6309 | |
| MAexp50: | 1.6317 | |
| MAexp100: | 1.6320 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | -0.49% | |
| Price / MA50: | -1.00% | |
| Price / MA100: | -1.02% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.09% |
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
-
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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