EUR/USD - 1H - Technical analysis published on 04/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 1.0708 USD
My targets
1.0564 USD (-0.0077)
1.0469 USD (-0.0172)
My analysis
EUR/USD 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 1.0708 USD. The next support located at 1.0564 USD 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 1.0469 USD. Below this support, sellers could then target 1.0129 USD. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
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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/USD rating 1.0641 USD. On the day, this instrument lost -0.79% and was between 1.0622 USD and 1.0728 USD. This implies that the price is at +0.18% from its lowest and at -0.81% from its highest.1.0622
1.0728
1.0641
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/USD in 1H shows a overall strongly 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 1.0469 | 1.0564 | 1.0638 | 1.0641 | 1.0708 | 1.0724 | 1.0757 |
| Change (%) | -1.62% | -0.72% | -0.03% | - | +0.63% | +0.78% | +1.09% |
| Change | -0.0172 | -0.0077 | -0.0003 | - | +0.0067 | +0.0083 | +0.0116 |
| Level | Intermediate | Minor | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0640 | 1.0669 | 1.0698 | 1.0727 | 1.0756 | 1.0785 | 1.0814 |
| Camarilla | 1.0710 | 1.0715 | 1.0721 | 1.0726 | 1.0731 | 1.0737 | 1.0742 |
| Woodie | 1.0639 | 1.0669 | 1.0697 | 1.0727 | 1.0755 | 1.0785 | 1.0813 |
| Fibonacci | 1.0669 | 1.0692 | 1.0705 | 1.0727 | 1.0750 | 1.0763 | 1.0785 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0595 | 1.0660 | 1.0748 | 1.0813 | 1.0901 | 1.0966 | 1.1054 |
| Camarilla | 1.0795 | 1.0809 | 1.0823 | 1.0837 | 1.0851 | 1.0865 | 1.0879 |
| Woodie | 1.0608 | 1.0666 | 1.0761 | 1.0819 | 1.0914 | 1.0972 | 1.1067 |
| Fibonacci | 1.0660 | 1.0718 | 1.0754 | 1.0813 | 1.0871 | 1.0907 | 1.0966 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0498 | 1.0633 | 1.0712 | 1.0847 | 1.0926 | 1.1061 | 1.1140 |
| Camarilla | 1.0733 | 1.0753 | 1.0772 | 1.0792 | 1.0812 | 1.0831 | 1.0851 |
| Woodie | 1.0471 | 1.0619 | 1.0685 | 1.0833 | 1.0899 | 1.1047 | 1.1113 |
| Fibonacci | 1.0633 | 1.0714 | 1.0765 | 1.0847 | 1.0928 | 1.0979 | 1.1061 |
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): | 31.88 | |
| MACD (12,26,9): | -0.0024 | |
| Directional Movement: | -24.9988 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 1.0638 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0654 | |
| Elder Ray (13): | -0.0010 | |
| Super Trend (3,10): | 1.0679 | |
| Zig ZAG (10): | 1.0643 | |
| VORTEX (21): | 0.6906 | |
| Stochastique (14,3,5): | 22.64 | |
| TEMA (21): | 1.0632 | |
| Williams %R (14): | -77.17 | |
| Chande Momentum Oscillator (20): | -0.0040 | |
| Repulse (5,40,3): | -0.0313 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0311 | |
| Courbe Coppock: | 1.33 |
| MA7: | 1.0786 | |
| MA20: | 1.0813 | |
| MA50: | 1.0823 | |
| MA100: | 1.0866 | |
| MAexp7: | 1.0646 | |
| MAexp20: | 1.0670 | |
| MAexp50: | 1.0712 | |
| MAexp100: | 1.0750 | |
| Price / MA7: | -1.34% | |
| Price / MA20: | -1.59% | |
| Price / MA50: | -1.68% | |
| Price / MA100: | -2.07% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | -0.66% | |
| Price / MAexp100: | -1.01% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on EUR/USD at the time of the analysis were as follows:
-
EUR/USD Long Term Forecast and Technical Analysis for April 12, 2024, by Chris Lewis for FX Empire
-
EUR/USD Daily Forecast and Technical Analysis for April 12, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for April 11, 2024, by Chris Lewis for FX Empire
-
EUR/USD Forecast and Technical Analysis, April 10, 2024, by Chris Lewis #fxempire #trading #eurusd
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EUR/USD Daily Forecast and Technical Analysis for April 10, 2024, by Chris Lewis for FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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