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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 1.6304 AUD
My targets
1.6244 AUD (-0.0021)
1.6171 AUD (-0.0094)
My analysis
The bearish trend is currently very strong for EUR/AUD. As long as the price remains below the resistance at 1.6304 AUD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.6244 AUD. The bearish momentum would be revived by a break in this support. 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. 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.
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
7.1
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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 rating is 1.6265 AUD. The price registered a decrease of -0.15% on the session with the lowest point at 1.6235 AUD and the highest point at 1.6336 AUD. The deviation from the price is +0.18% for the low point and -0.43% for the high point.1.6235
1.6336
1.6265
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 sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6171 | 1.6244 | 1.6259 | 1.6265 | 1.6304 | 1.6343 | 1.6381 |
| Change (%) | -0.58% | -0.13% | -0.04% | - | +0.24% | +0.48% | +0.71% |
| Change | -0.0094 | -0.0021 | -0.0006 | - | +0.0039 | +0.0078 | +0.0116 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.12 | |
| MACD (12,26,9): | -0.0013 | |
| Directional Movement: | -11.0314 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 1.6268 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6298 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 1.6314 | |
| Zig ZAG (10): | 1.6271 | |
| VORTEX (21): | 0.9610 | |
| Stochastique (14,3,5): | 29.15 | |
| TEMA (21): | 1.6264 | |
| Williams %R (14): | -67.00 | |
| Chande Momentum Oscillator (20): | -0.0054 | |
| Repulse (5,40,3): | -0.0410 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0095 | |
| Courbe Coppock: | 0.48 |
| MA7: | 1.6331 | |
| MA20: | 1.6318 | |
| MA50: | 1.6381 | |
| MA100: | 1.6465 | |
| MAexp7: | 1.6269 | |
| MAexp20: | 1.6285 | |
| MAexp50: | 1.6305 | |
| MAexp100: | 1.6321 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | -0.32% | |
| Price / MA50: | -0.71% | |
| Price / MA100: | -1.21% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -0.34% |
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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