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 04/16/2024 (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

83%

11%

My opinion

Bearish under 1.0638 USD

My targets

1.0564 USD (-0.0046)

1.0469 USD (-0.0141)

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.

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

8.6

Comment on the analysis

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.

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

Additional analysis

Quotes

The EUR/USD rating is 1.0610 USD. On the day, this instrument lost -0.14% and was traded between 1.0606 USD and 1.0626 USD over the period. The price is currently at +0.04% from its lowest and -0.15% from its highest.

1.0606

1.0626

1.0610

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 this 1H chart of EUR/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

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:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.0129	1.0469	1.0564	1.0610	1.0638	1.0665	1.0708
Change (%)	-4.53%	-1.33%	-0.43%	-	+0.26%	+0.52%	+0.92%
Change	-0.0481	-0.0141	-0.0046	-	+0.0028	+0.0055	+0.0098
Level	Minor	Major	Minor	-	Major	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0563	1.0592	1.0608	1.0637	1.0653	1.0682	1.0698
Camarilla	1.0613	1.0617	1.0621	1.0625	1.0629	1.0633	1.0637
Woodie	1.0558	1.0589	1.0603	1.0634	1.0648	1.0679	1.0693
Fibonacci	1.0592	1.0609	1.0620	1.0637	1.0654	1.0665	1.0682

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	27.81
MACD (12,26,9):	-0.0011
Directional Movement:	-17.7929
AROON (14):	-92.8571
DEMA (21):	1.0617
Parabolic SAR (0,02-0,02-0,2):	1.0641
Elder Ray (13):	-0.0013
Super Trend (3,10):	1.0644
Zig ZAG (10):	1.0608
VORTEX (21):	0.8242
Stochastique (14,3,5):	6.77
TEMA (21):	1.0616
Williams %R (14):	-96.36
Chande Momentum Oscillator (20):	-0.0019
Repulse (5,40,3):	-0.1595
ROCnROLL:	2
TRIX (15,9):	-0.0122
Courbe Coppock:	0.57

MA7:	1.0724
MA20:	1.0787
MA50:	1.0818
MA100:	1.0860
MAexp7:	1.0620
MAexp20:	1.0631
MAexp50:	1.0656
MAexp100:	1.0695
Price / MA7:	-1.06%
Price / MA20:	-1.64%
Price / MA50:	-1.92%
Price / MA100:	-2.30%
Price / MAexp7:	-0.09%
Price / MAexp20:	-0.20%
Price / MAexp50:	-0.43%
Price / MAexp100:	-0.79%

Quotes : - Real time data - Forex

News

The latest news and videos published on EUR/USD 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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