EUR/AUD - 1H - Technical analysis published on 06/10/2024 (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:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 1.6304 AUD
My targets
1.6244 AUD (-0.0037)
1.6171 AUD (-0.0110)
My analysis
EUR/AUD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.6304 AUD. The next support located at 1.6244 AUD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.6171 AUD. Below this support, sellers could then target 1.5898 AUD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
8
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Additional analysis
Quotes
EUR/AUD rating 1.6281 AUD. On the day, this instrument lost -0.79% and was traded between 1.6281 AUD and 1.6388 AUD over the period. The price is currently at 0% from its lowest and -0.65% from its highest.1.6281
1.6388
1.6281
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
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 this 1H chart of EUR/AUD indicates that the overall trend is strongly bearish. 92.86% 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.5898 | 1.6171 | 1.6244 | 1.6281 | 1.6290 | 1.6304 | 1.6343 |
| Change (%) | -2.35% | -0.68% | -0.23% | - | +0.06% | +0.14% | +0.38% |
| Change | -0.0383 | -0.0110 | -0.0037 | - | +0.0009 | +0.0023 | +0.0062 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | 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): | 34.46 | |
| MACD (12,26,9): | -0.0018 | |
| Directional Movement: | -15.6764 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 1.6310 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6326 | |
| Elder Ray (13): | -0.0022 | |
| Super Trend (3,10): | 1.6359 | |
| Zig ZAG (10): | 1.6288 | |
| VORTEX (21): | 0.7995 | |
| Stochastique (14,3,5): | 7.64 | |
| TEMA (21): | 1.6293 | |
| Williams %R (14): | -99.01 | |
| Chande Momentum Oscillator (20): | -0.0070 | |
| Repulse (5,40,3): | -0.1836 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0103 | |
| Courbe Coppock: | 0.90 |
| MA7: | 1.6336 | |
| MA20: | 1.6320 | |
| MA50: | 1.6386 | |
| MA100: | 1.6467 | |
| MAexp7: | 1.6305 | |
| MAexp20: | 1.6330 | |
| MAexp50: | 1.6344 | |
| MAexp100: | 1.6345 | |
| Price / MA7: | -0.34% | |
| Price / MA20: | -0.24% | |
| Price / MA50: | -0.64% | |
| Price / MA100: | -1.13% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.29% | |
| Price / MAexp50: | -0.38% | |
| Price / MAexp100: | -0.39% |
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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