EUR/AUD - 1H - Technical analysis published on 06/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.6324 AUD
My targets
1.6381 AUD (+0.0023)
1.6406 AUD (+0.0048)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on EUR/AUD. This is a positive signal for buyers. As long as the price remains above 1.6324 AUD, a purchase could be considered. The first bullish objective is located at 1.6381 AUD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.6406 AUD as an objective. Crossing it would then enable buyers to target 1.6477 AUD. In the event of a return below 1.6324 AUD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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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 1.6358 AUD. The price has increased by +0.33% since the last closing and was traded between 1.6290 AUD and 1.6361 AUD over the period. The price is currently at +0.42% from its lowest and -0.02% from its highest.1.6290
1.6361
1.6358
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 bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
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 | 1.6304 | 1.6324 | 1.6343 | 1.6358 | 1.6381 | 1.6406 | 1.6477 |
| Change (%) | -0.33% | -0.21% | -0.09% | - | +0.14% | +0.29% | +0.73% |
| Change | -0.0054 | -0.0034 | -0.0015 | - | +0.0023 | +0.0048 | +0.0119 |
| Level | Minor | Minor | Major | - | Major | Minor | Minor |
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 | 1.6161 | 1.6208 | 1.6256 | 1.6303 | 1.6351 | 1.6398 | 1.6446 |
| Camarilla | 1.6279 | 1.6288 | 1.6296 | 1.6305 | 1.6314 | 1.6322 | 1.6331 |
| Woodie | 1.6163 | 1.6208 | 1.6258 | 1.6303 | 1.6353 | 1.6398 | 1.6448 |
| Fibonacci | 1.6208 | 1.6244 | 1.6266 | 1.6303 | 1.6339 | 1.6361 | 1.6398 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6155 | 1.6216 | 1.6260 | 1.6321 | 1.6365 | 1.6426 | 1.6470 |
| Camarilla | 1.6276 | 1.6286 | 1.6295 | 1.6305 | 1.6315 | 1.6324 | 1.6334 |
| Woodie | 1.6148 | 1.6212 | 1.6253 | 1.6317 | 1.6358 | 1.6422 | 1.6463 |
| Fibonacci | 1.6216 | 1.6256 | 1.6281 | 1.6321 | 1.6361 | 1.6386 | 1.6426 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5907 | 1.6060 | 1.6183 | 1.6336 | 1.6459 | 1.6612 | 1.6735 |
| Camarilla | 1.6229 | 1.6254 | 1.6280 | 1.6305 | 1.6330 | 1.6356 | 1.6381 |
| Woodie | 1.5891 | 1.6053 | 1.6167 | 1.6329 | 1.6443 | 1.6605 | 1.6719 |
| Fibonacci | 1.6060 | 1.6166 | 1.6231 | 1.6336 | 1.6442 | 1.6507 | 1.6612 |
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): | 63.41 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | 12.9262 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 1.6329 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6281 | |
| Elder Ray (13): | 0.0026 | |
| Super Trend (3,10): | 1.6295 | |
| Zig ZAG (10): | 1.6355 | |
| VORTEX (21): | 1.0697 | |
| Stochastique (14,3,5): | 88.67 | |
| TEMA (21): | 1.6338 | |
| Williams %R (14): | -7.35 | |
| Chande Momentum Oscillator (20): | 0.0030 | |
| Repulse (5,40,3): | 0.1835 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0018 | |
| Courbe Coppock: | 0.39 |
| MA7: | 1.6326 | |
| MA20: | 1.6314 | |
| MA50: | 1.6403 | |
| MA100: | 1.6475 | |
| MAexp7: | 1.6336 | |
| MAexp20: | 1.6322 | |
| MAexp50: | 1.6318 | |
| MAexp100: | 1.6321 | |
| Price / MA7: | +0.20% | |
| Price / MA20: | +0.27% | |
| Price / MA50: | -0.27% | |
| Price / MA100: | -0.71% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +0.23% |
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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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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