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:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 1.0638 USD
My targets
1.0564 USD (-0.0063)
1.0469 USD (-0.0158)
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 1.0638 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 1.0638 USD. The next bearish objective for sellers is set at 1.0564 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0469 USD. In case of crossing, the next objective would be the support located at 1.0129 USD. PS: if there is a bullish break in the resistance located at 1.0638 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
1.4
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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 1.0627 USD. The price registered an increase of +0.02% on the session and was traded between 1.0602 USD and 1.0635 USD over the period. The price is currently at +0.24% from its lowest and -0.08% from its highest.1.0602
1.0635
1.0627
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 an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
RSI indicator is back under 50
Type : Bearish
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
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 | 1.0129 | 1.0469 | 1.0564 | 1.0627 | 1.0638 | 1.0665 | 1.0708 |
| Change (%) | -4.69% | -1.49% | -0.59% | - | +0.10% | +0.36% | +0.76% |
| Change | -0.0498 | -0.0158 | -0.0063 | - | +0.0011 | +0.0038 | +0.0081 |
| 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 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): | 48.94 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -2.7403 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 1.0615 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0605 | |
| Elder Ray (13): | 0.0005 | |
| Super Trend (3,10): | 1.0640 | |
| Zig ZAG (10): | 1.0628 | |
| VORTEX (21): | 1.0140 | |
| Stochastique (14,3,5): | 76.77 | |
| TEMA (21): | 1.0619 | |
| Williams %R (14): | -24.24 | |
| Chande Momentum Oscillator (20): | 0.0002 | |
| Repulse (5,40,3): | 0.0043 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0113 | |
| Courbe Coppock: | 0.11 |
| MA7: | 1.0726 | |
| MA20: | 1.0788 | |
| MA50: | 1.0818 | |
| MA100: | 1.0860 | |
| MAexp7: | 1.0622 | |
| MAexp20: | 1.0625 | |
| MAexp50: | 1.0645 | |
| MAexp100: | 1.0683 | |
| Price / MA7: | -0.92% | |
| Price / MA20: | -1.49% | |
| Price / MA50: | -1.77% | |
| Price / MA100: | -2.15% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -0.52% |
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:
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EUR/USD Daily Forecast and Technical Analysis for April 15, 2024, by Chris Lewis for FX Empire
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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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