EUR/AUD - 1H - Technical analysis published on 06/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 1.6343 AUD
My targets
1.6259 AUD (-0.0051)
1.6171 AUD (-0.0139)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/AUD. As long as you are under the resistance located at 1.6343 AUD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.6259 AUD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.6171 AUD as an objective. Crossing it would then enable sellers to target 1.5898 AUD. If the resistance 1.6343 AUD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.1
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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 price is 1.6310 AUD. On the day, this instrument gained +0.12% with the lowest point at 1.6290 AUD and the highest point at 1.6336 AUD. The deviation from the price is +0.12% for the low point and -0.16% for the high point.1.6290
1.6336
1.6310
A study of price movements over other periods shows the following variations:
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. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
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 | 1.6244 | 1.6259 | 1.6304 | 1.6310 | 1.6343 | 1.6381 | 1.6421 |
| Change (%) | -0.40% | -0.31% | -0.04% | - | +0.20% | +0.44% | +0.68% |
| Change | -0.0066 | -0.0051 | -0.0006 | - | +0.0033 | +0.0071 | +0.0111 |
| Level | Major | Intermediate | Intermediate | - | Minor | Major | 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 | 1.6108 | 1.6183 | 1.6237 | 1.6312 | 1.6366 | 1.6441 | 1.6495 |
| Camarilla | 1.6255 | 1.6266 | 1.6278 | 1.6290 | 1.6302 | 1.6314 | 1.6326 |
| Woodie | 1.6097 | 1.6178 | 1.6226 | 1.6307 | 1.6355 | 1.6436 | 1.6484 |
| Fibonacci | 1.6183 | 1.6233 | 1.6263 | 1.6312 | 1.6362 | 1.6392 | 1.6441 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.37 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | 3.1502 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 1.6301 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6288 | |
| Elder Ray (13): | 0.0010 | |
| Super Trend (3,10): | 1.6282 | |
| Zig ZAG (10): | 1.6315 | |
| VORTEX (21): | 0.9968 | |
| Stochastique (14,3,5): | 78.72 | |
| TEMA (21): | 1.6309 | |
| Williams %R (14): | -28.77 | |
| Chande Momentum Oscillator (20): | 0.0030 | |
| Repulse (5,40,3): | -0.0428 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0098 | |
| Courbe Coppock: | 0.32 |
| MA7: | 1.6337 | |
| MA20: | 1.6320 | |
| MA50: | 1.6382 | |
| MA100: | 1.6465 | |
| MAexp7: | 1.6313 | |
| MAexp20: | 1.6309 | |
| MAexp50: | 1.6323 | |
| MAexp100: | 1.6332 | |
| Price / MA7: | -0.17% | |
| Price / MA20: | -0.06% | |
| Price / MA50: | -0.44% | |
| Price / MA100: | -0.94% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -0.13% |
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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