EUR/AUD - 1H - Technical analysis published on 06/07/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 1.6343 AUD
My targets
1.6304 AUD (-0.0020)
1.6276 AUD (-0.0048)
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 1.6343 AUD. The sellers' bearish objective is set at 1.6304 AUD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.6276 AUD. In case of crossing, the next objective would be the support located at 1.6244 AUD.
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
5.7
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Additional analysis
Quotes
The EUR/AUD price is 1.6324 AUD. The price is lower by -0.04% since the last closing and was traded between 1.6317 AUD and 1.6352 AUD over the period. The price is currently at +0.04% from its lowest and -0.17% from its highest.1.6317
1.6352
1.6324
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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
A technical analysis in 1H of this EUR/AUD chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently positioned bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
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 | 1.6276 | 1.6304 | 1.6318 | 1.6324 | 1.6343 | 1.6357 | 1.6381 |
| Change (%) | -0.29% | -0.12% | -0.04% | - | +0.12% | +0.20% | +0.35% |
| Change | -0.0048 | -0.0020 | -0.0006 | - | +0.0019 | +0.0033 | +0.0057 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | Major |
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 | 1.6179 | 1.6238 | 1.6285 | 1.6344 | 1.6391 | 1.6450 | 1.6497 |
| Camarilla | 1.6302 | 1.6312 | 1.6321 | 1.6331 | 1.6341 | 1.6350 | 1.6360 |
| Woodie | 1.6172 | 1.6235 | 1.6278 | 1.6341 | 1.6384 | 1.6447 | 1.6490 |
| Fibonacci | 1.6238 | 1.6279 | 1.6304 | 1.6344 | 1.6385 | 1.6410 | 1.6450 |
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): | 41.13 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -6.8261 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 1.6331 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6371 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 1.6372 | |
| Zig ZAG (10): | 1.6326 | |
| VORTEX (21): | 0.9048 | |
| Stochastique (14,3,5): | 18.30 | |
| TEMA (21): | 1.6328 | |
| Williams %R (14): | -68.57 | |
| Chande Momentum Oscillator (20): | -0.0002 | |
| Repulse (5,40,3): | -0.0480 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0037 | |
| Courbe Coppock: | 0.27 |
| MA7: | 1.6331 | |
| MA20: | 1.6318 | |
| MA50: | 1.6390 | |
| MA100: | 1.6469 | |
| MAexp7: | 1.6331 | |
| MAexp20: | 1.6338 | |
| MAexp50: | 1.6342 | |
| MAexp100: | 1.6341 | |
| Price / MA7: | -0.04% | |
| Price / MA20: | +0.04% | |
| Price / MA50: | -0.40% | |
| Price / MA100: | -0.88% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.10% |
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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