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EUR/AUD
EUR AUD
- AUD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURAUD
ISIN:

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: Bearish
Underlying: Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 1.6304 AUD
My targets
1.6244 AUD (-0.0031)
1.6171 AUD (-0.0104)
My analysis
The bearish basic trend is very strong on EUR/AUD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 1.6304 AUD. Crossing the first support at 1.6244 AUD would be a sign of a further potential price plummet. 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. Caution, a return to above the resistance located at 1.6304 AUD would be a sign of a possible consolidation phase of the short-term basic trend. 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

dtaccori
This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

EUR/AUD rating 1.6275 AUD. On the day, this instrument lost -0.09% with the lowest point at 1.6273 AUD and the highest point at 1.6336 AUD. The deviation from the price is +0.01% for the low point and -0.37% for the high point.

1.6273
1.6336
1.6275

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

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


S3S2S1PriceR1R2R3
ProTrendLines 1.6171 1.6244 1.6259 1.6275 1.6304 1.6343 1.6381
Change (%) -0.64% -0.19% -0.10% - +0.18% +0.42% +0.65%
Change -0.0104 -0.0031 -0.0016 - +0.0029 +0.0068 +0.0106
Level Minor Major Intermediate - Intermediate 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
Standard1.61081.61831.62371.63121.63661.64411.6495
Camarilla1.62551.62661.62781.62901.63021.63141.6326
Woodie1.60971.61781.62261.63071.63551.64361.6484
Fibonacci1.61831.62331.62631.63121.63621.63921.6441


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.61351.61951.63021.63621.64691.65291.6636
Camarilla1.63641.63791.63951.64101.64251.64411.6456
Woodie1.61601.62071.63271.63741.64941.65411.6661
Fibonacci1.61951.62591.62981.63621.64261.64651.6529


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.59071.60601.61831.63361.64591.66121.6735
Camarilla1.62291.62541.62801.63051.63301.63561.6381
Woodie1.58911.60531.61671.63291.64431.66051.6719
Fibonacci1.60601.61661.62311.63361.64421.65071.6612

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): 40.91
MACD (12,26,9): -0.0007
Directional Movement: -7.9080
AROON (14): -42.8572
DEMA (21): 1.6291
Parabolic SAR (0,02-0,02-0,2): 1.6334
Elder Ray (13): -0.0008
Super Trend (3,10): 1.6338
Zig ZAG (10): 1.6279
VORTEX (21): 0.9757
Stochastique (14,3,5): 16.37
TEMA (21): 1.6293
Williams %R (14): -95.00
Chande Momentum Oscillator (20): -0.0009
Repulse (5,40,3): -0.1650
ROCnROLL: 2
TRIX (15,9): -0.0067
Courbe Coppock: 0.16
MA7: 1.6332
MA20: 1.6318
MA50: 1.6381
MA100: 1.6465
MAexp7: 1.6293
MAexp20: 1.6301
MAexp50: 1.6316
MAexp100: 1.6328
Price / MA7: -0.35%
Price / MA20: -0.26%
Price / MA50: -0.65%
Price / MA100: -1.15%
Price / MAexp7: -0.11%
Price / MAexp20: -0.16%
Price / MAexp50: -0.25%
Price / MAexp100: -0.32%

Quotes : - Real time data - Forex

News


The latest news and videos published on EUR/AUD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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