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%
61%
22%
My opinion
Bearish under 1.6317 AUD
My targets
1.6245 AUD (-0.0034)
1.6218 AUD (-0.0061)
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 1.6317 AUD. The sellers' bearish objective is set at 1.6245 AUD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.6218 AUD. In case of crossing, the next objective would be the support located at 1.6172 AUD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
7.1
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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 1.6279 AUD. On the day, this instrument lost -0.28% and was traded between 1.6260 AUD and 1.6343 AUD over the period. The price is currently at +0.12% from its lowest and -0.39% from its highest.1.6260
1.6343
1.6279
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
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 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 a overall strongly bearish trend. The signals given by moving averages are 89.29% 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.
In fact, 11 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6218 | 1.6245 | 1.6279 | 1.6279 | 1.6317 | 1.6331 | 1.6352 |
| Change (%) | -0.37% | -0.21% | 0% | - | +0.23% | +0.32% | +0.45% |
| Change | -0.0061 | -0.0034 | 0 | - | +0.0038 | +0.0052 | +0.0073 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.32 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -12.4531 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 1.6296 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6343 | |
| Elder Ray (13): | -0.0023 | |
| Super Trend (3,10): | 1.6335 | |
| Zig ZAG (10): | 1.6281 | |
| VORTEX (21): | 0.8396 | |
| Stochastique (14,3,5): | 43.19 | |
| TEMA (21): | 1.6292 | |
| Williams %R (14): | -77.11 | |
| Chande Momentum Oscillator (20): | -0.0006 | |
| Repulse (5,40,3): | -0.2023 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0067 | |
| Courbe Coppock: | 0.21 |
| MA7: | 1.6313 | |
| MA20: | 1.6387 | |
| MA50: | 1.6472 | |
| MA100: | 1.6475 | |
| MAexp7: | 1.6298 | |
| MAexp20: | 1.6305 | |
| MAexp50: | 1.6314 | |
| MAexp100: | 1.6319 | |
| Price / MA7: | -0.21% | |
| Price / MA20: | -0.66% | |
| Price / MA50: | -1.17% | |
| Price / MA100: | -1.19% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | -0.25% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/AUD at the time of the generation of this analysis 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.
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