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

EUR/USD - 1H - Technical analysis published on 04/15/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 1.0708 USD
My targets
1.0638 USD (-0.0023)
1.0564 USD (-0.0097)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.0708 USD remains possible. It is advisable to trade EUR/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.0708 USD. The next bearish objective for sellers is set at 1.0638 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0564 USD. In case of crossing, the next objective would be the support located at 1.0469 USD. PS: if there is a bullish break in the resistance located at 1.0708 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.7

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

The EUR/USD price is 1.0661 USD. The price has increased by +0.17% since the last closing with the lowest point at 1.0631 USD and the highest point at 1.0665 USD. The deviation from the price is +0.28% for the low point and -0.04% for the high point.

1.0631
1.0665
1.0661

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by EUR/USD:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

Type : Bearish

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/USD in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0469 1.0564 1.0638 1.0661 1.0708 1.0757 1.0848
Change (%) -1.80% -0.91% -0.22% - +0.44% +0.90% +1.75%
Change -0.0192 -0.0097 -0.0023 - +0.0047 +0.0096 +0.0187
Level Intermediate Minor Major - Major Minor Intermediate



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
Standard1.04951.05581.06011.06641.07071.07701.0813
Camarilla1.06141.06241.06331.06431.06531.06621.0672
Woodie1.04841.05531.05901.06591.06961.07651.0802
Fibonacci1.05581.05991.06241.06641.07051.07301.0770


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.02851.04541.05481.07171.08111.09801.1074
Camarilla1.05711.05951.06191.06431.06671.06911.0715
Woodie1.02491.04351.05121.06981.07751.09611.1038
Fibonacci1.04541.05541.06161.07171.08171.08791.0980


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.04981.06331.07121.08471.09261.10611.1140
Camarilla1.07331.07531.07721.07921.08121.08311.0851
Woodie1.04711.06191.06851.08331.08991.10471.1113
Fibonacci1.06331.07141.07651.08471.09281.09791.1061

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): 51.71
MACD (12,26,9): -0.0004
Directional Movement: 0.9601
AROON (14): 64.2857
DEMA (21): 1.0647
Parabolic SAR (0,02-0,02-0,2): 1.0642
Elder Ray (13): 0.0006
Super Trend (3,10): 1.0672
Zig ZAG (10): 1.0663
VORTEX (21): 1.1173
Stochastique (14,3,5): 79.79
TEMA (21): 1.0658
Williams %R (14): -10.00
Chande Momentum Oscillator (20): 0.0016
Repulse (5,40,3): 0.0605
ROCnROLL: -1
TRIX (15,9): -0.0115
Courbe Coppock: 0.31
MA7: 1.0761
MA20: 1.0802
MA50: 1.0821
MA100: 1.0864
MAexp7: 1.0657
MAexp20: 1.0656
MAexp50: 1.0681
MAexp100: 1.0720
Price / MA7: -0.93%
Price / MA20: -1.31%
Price / MA50: -1.48%
Price / MA100: -1.87%
Price / MAexp7: +0.04%
Price / MAexp20: +0.05%
Price / MAexp50: -0.19%
Price / MAexp100: -0.55%

Quotes : - Real time data - Forex

News


Don't forget to follow the news on EUR/USD. At the time of publication of this analysis, the latest news was as follows:

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

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