EUR/USD - 1H - Technical analysis published on 04/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 1.0638 USD
My targets
1.0564 USD (-0.0063)
1.0469 USD (-0.0158)
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 1.0638 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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This analysis was given by stebetrade. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.0627 USD. The price registered a decrease of -0.15% on the session and was between 1.0620 USD and 1.0665 USD. This implies that the price is at +0.07% from its lowest and at -0.36% from its highest.1.0620
1.0665
1.0627
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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
A technical analysis in 1H of this EUR/USD 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 market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 3 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0129 | 1.0469 | 1.0564 | 1.0627 | 1.0638 | 1.0708 | 1.0757 |
| Change (%) | -4.69% | -1.49% | -0.59% | - | +0.10% | +0.76% | +1.22% |
| Change | -0.0498 | -0.0158 | -0.0063 | - | +0.0011 | +0.0081 | +0.0130 |
| Level | Minor | Intermediate | Minor | - | Major | 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 | 1.0495 | 1.0558 | 1.0601 | 1.0664 | 1.0707 | 1.0770 | 1.0813 |
| Camarilla | 1.0614 | 1.0624 | 1.0633 | 1.0643 | 1.0653 | 1.0662 | 1.0672 |
| Woodie | 1.0484 | 1.0553 | 1.0590 | 1.0659 | 1.0696 | 1.0765 | 1.0802 |
| Fibonacci | 1.0558 | 1.0599 | 1.0624 | 1.0664 | 1.0705 | 1.0730 | 1.0770 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0285 | 1.0454 | 1.0548 | 1.0717 | 1.0811 | 1.0980 | 1.1074 |
| Camarilla | 1.0571 | 1.0595 | 1.0619 | 1.0643 | 1.0667 | 1.0691 | 1.0715 |
| Woodie | 1.0249 | 1.0435 | 1.0512 | 1.0698 | 1.0775 | 1.0961 | 1.1038 |
| Fibonacci | 1.0454 | 1.0554 | 1.0616 | 1.0717 | 1.0817 | 1.0879 | 1.0980 |
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): | 36.78 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | -9.7890 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 1.0625 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0649 | |
| Elder Ray (13): | -0.0005 | |
| Super Trend (3,10): | 1.0658 | |
| Zig ZAG (10): | 1.0627 | |
| VORTEX (21): | 0.9016 | |
| Stochastique (14,3,5): | 14.07 | |
| TEMA (21): | 1.0626 | |
| Williams %R (14): | -82.22 | |
| Chande Momentum Oscillator (20): | -0.0027 | |
| Repulse (5,40,3): | 0.0075 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0111 | |
| Courbe Coppock: | 0.52 |
| MA7: | 1.0756 | |
| MA20: | 1.0800 | |
| MA50: | 1.0821 | |
| MA100: | 1.0863 | |
| MAexp7: | 1.0628 | |
| MAexp20: | 1.0637 | |
| MAexp50: | 1.0661 | |
| MAexp100: | 1.0700 | |
| Price / MA7: | -1.20% | |
| Price / MA20: | -1.60% | |
| Price / MA50: | -1.79% | |
| Price / MA100: | -2.17% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.32% | |
| Price / MAexp100: | -0.68% |
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 Daily Forecast and Technical Analysis for April 15, 2024, by Chris Lewis for FX Empire
-
EUR/USD Long Term 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 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
This member declared not having a position on this financial instrument or a related financial instrument.
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