EUR/AUD - 1H - Technical analysis published on 05/16/2024 (GMT)
- 62
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 1.6331 AUD
My targets
1.6248 AUD (-0.0025)
1.6218 AUD (-0.0055)
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 1.6331 AUD. The next bearish objective for sellers is set at 1.6248 AUD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.6218 AUD. If there is any crossing, the next objective would be the support located at 1.6172 AUD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/AUD price is 1.6273 AUD. The price has increased by +0.14% since the last closing and was between 1.6223 AUD and 1.6316 AUD. This implies that the price is at +0.31% from its lowest and at -0.26% from its highest.1.6223
1.6316
1.6273
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 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 slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6172 | 1.6218 | 1.6248 | 1.6273 | 1.6279 | 1.6331 | 1.6352 |
| Change (%) | -0.62% | -0.34% | -0.15% | - | +0.04% | +0.36% | +0.49% |
| Change | -0.0101 | -0.0055 | -0.0025 | - | +0.0006 | +0.0058 | +0.0079 |
| Level | Intermediate | Minor | Intermediate | - | Major | 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 | 1.6123 | 1.6186 | 1.6218 | 1.6281 | 1.6313 | 1.6376 | 1.6408 |
| Camarilla | 1.6225 | 1.6234 | 1.6242 | 1.6251 | 1.6260 | 1.6268 | 1.6277 |
| Woodie | 1.6109 | 1.6178 | 1.6204 | 1.6273 | 1.6299 | 1.6368 | 1.6394 |
| Fibonacci | 1.6186 | 1.6222 | 1.6244 | 1.6281 | 1.6317 | 1.6339 | 1.6376 |
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): | 45.85 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -6.9485 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 1.6276 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6316 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 1.6305 | |
| Zig ZAG (10): | 1.6272 | |
| VORTEX (21): | 1.0177 | |
| Stochastique (14,3,5): | 29.94 | |
| TEMA (21): | 1.6281 | |
| Williams %R (14): | -74.58 | |
| Chande Momentum Oscillator (20): | 0.0006 | |
| Repulse (5,40,3): | -0.0645 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0014 | |
| Courbe Coppock: | 0.10 |
| MA7: | 1.6302 | |
| MA20: | 1.6371 | |
| MA50: | 1.6466 | |
| MA100: | 1.6475 | |
| MAexp7: | 1.6278 | |
| MAexp20: | 1.6279 | |
| MAexp50: | 1.6288 | |
| MAexp100: | 1.6298 | |
| Price / MA7: | -0.18% | |
| Price / MA20: | -0.60% | |
| Price / MA50: | -1.17% | |
| Price / MA100: | -1.23% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.15% |
Quotes :
-
Real time data
-
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
-
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/AUD - 1H