EUR/AUD - 1H - Technical analysis published on 06/10/2024 (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 bearish
Underlying:
Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 1.6343 AUD
My targets
1.6290 AUD (-0.0020)
1.6244 AUD (-0.0066)
My analysis
The bearish trend is currently very strong for EUR/AUD. As long as the price remains below the resistance at 1.6343 AUD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.6290 AUD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.6244 AUD as an objective. Crossing it would then enable sellers to target 1.6171 AUD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.6
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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 1.6310 AUD. The price is lower by -0.61% since the last closing and was between 1.6300 AUD and 1.6388 AUD. This implies that the price is at +0.06% from its lowest and at -0.48% from its highest.1.6300
1.6388
1.6310
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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
Technical analysis of EUR/AUD in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.6244 | 1.6290 | 1.6304 | 1.6310 | 1.6343 | 1.6381 | 1.6421 |
| Change (%) | -0.40% | -0.12% | -0.04% | - | +0.20% | +0.44% | +0.68% |
| Change | -0.0066 | -0.0020 | -0.0006 | - | +0.0033 | +0.0071 | +0.0111 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6230 | 1.6271 | 1.6340 | 1.6381 | 1.6450 | 1.6491 | 1.6560 |
| Camarilla | 1.6380 | 1.6390 | 1.6400 | 1.6410 | 1.6420 | 1.6430 | 1.6440 |
| Woodie | 1.6245 | 1.6278 | 1.6355 | 1.6388 | 1.6465 | 1.6498 | 1.6575 |
| Fibonacci | 1.6271 | 1.6313 | 1.6339 | 1.6381 | 1.6423 | 1.6449 | 1.6491 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6135 | 1.6195 | 1.6302 | 1.6362 | 1.6469 | 1.6529 | 1.6636 |
| Camarilla | 1.6364 | 1.6379 | 1.6395 | 1.6410 | 1.6425 | 1.6441 | 1.6456 |
| Woodie | 1.6160 | 1.6207 | 1.6327 | 1.6374 | 1.6494 | 1.6541 | 1.6661 |
| Fibonacci | 1.6195 | 1.6259 | 1.6298 | 1.6362 | 1.6426 | 1.6465 | 1.6529 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 38.40 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | -11.3775 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 1.6334 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6357 | |
| Elder Ray (13): | -0.0016 | |
| Super Trend (3,10): | 1.6374 | |
| Zig ZAG (10): | 1.6318 | |
| VORTEX (21): | 0.9009 | |
| Stochastique (14,3,5): | 22.64 | |
| TEMA (21): | 1.6319 | |
| Williams %R (14): | -80.68 | |
| Chande Momentum Oscillator (20): | -0.0054 | |
| Repulse (5,40,3): | -0.0320 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0040 | |
| Courbe Coppock: | 0.89 |
| MA7: | 1.6340 | |
| MA20: | 1.6322 | |
| MA50: | 1.6387 | |
| MA100: | 1.6467 | |
| MAexp7: | 1.6326 | |
| MAexp20: | 1.6346 | |
| MAexp50: | 1.6352 | |
| MAexp100: | 1.6349 | |
| Price / MA7: | -0.18% | |
| Price / MA20: | -0.07% | |
| Price / MA50: | -0.47% | |
| Price / MA100: | -0.95% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -0.24% |
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
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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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