EUR/USD - 1H - Technical analysis published on 04/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 1.0708 USD
My targets
1.0786 USD (+0.0056)
1.0862 USD (+0.0132)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/USD as long as the price remains well above 1.0708 USD. The buyers' bullish objective is set at 1.0786 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0862 USD. If there is any crossing, the next objective would be the resistance located at 1.0950 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
7
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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 1.0730 USD. On the day, this instrument gained +0.04% and was traded between 1.0718 USD and 1.0739 USD over the period. The price is currently at +0.11% from its lowest and -0.08% from its highest.1.0718
1.0739
1.0730
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/USD:
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 this 1H chart of EUR/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R 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
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0654 | 1.0678 | 1.0708 | 1.0730 | 1.0740 | 1.0862 | 1.0950 |
| Change (%) | -0.71% | -0.48% | -0.21% | - | +0.09% | +1.23% | +2.05% |
| Change | -0.0076 | -0.0052 | -0.0022 | - | +0.0010 | +0.0132 | +0.0220 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0627 | 1.0653 | 1.0689 | 1.0715 | 1.0751 | 1.0777 | 1.0813 |
| Camarilla | 1.0709 | 1.0715 | 1.0720 | 1.0726 | 1.0732 | 1.0737 | 1.0743 |
| Woodie | 1.0633 | 1.0656 | 1.0695 | 1.0718 | 1.0757 | 1.0780 | 1.0819 |
| Fibonacci | 1.0653 | 1.0676 | 1.0691 | 1.0715 | 1.0738 | 1.0753 | 1.0777 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0519 | 1.0560 | 1.0608 | 1.0649 | 1.0697 | 1.0738 | 1.0786 |
| Camarilla | 1.0632 | 1.0640 | 1.0648 | 1.0656 | 1.0664 | 1.0672 | 1.0681 |
| Woodie | 1.0523 | 1.0562 | 1.0612 | 1.0651 | 1.0701 | 1.0740 | 1.0790 |
| Fibonacci | 1.0560 | 1.0594 | 1.0615 | 1.0649 | 1.0683 | 1.0704 | 1.0738 |
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): | 57.55 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 9.8957 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 1.0731 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0693 | |
| Elder Ray (13): | 0.0006 | |
| Super Trend (3,10): | 1.0736 | |
| Zig ZAG (10): | 1.0728 | |
| VORTEX (21): | 1.0193 | |
| Stochastique (14,3,5): | 56.55 | |
| TEMA (21): | 1.0730 | |
| Williams %R (14): | -52.38 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | -0.0292 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0073 | |
| Courbe Coppock: | 0.11 |
| MA7: | 1.0686 | |
| MA20: | 1.0728 | |
| MA50: | 1.0806 | |
| MA100: | 1.0844 | |
| MAexp7: | 1.0727 | |
| MAexp20: | 1.0724 | |
| MAexp50: | 1.0713 | |
| MAexp100: | 1.0697 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | +0.02% | |
| Price / MA50: | -0.70% | |
| Price / MA100: | -1.05% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.31% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/USD at the time of the generation of this analysis was as follows:
-
EUR/USD Daily Forecast and Technical Analysis for April 25, 2024, by Chris Lewis for FX Empire
-
EUR/USD Forecast April 26, 2024
-
EUR/USD Daily Forecast and Technical Analysis for April 24, 2024, by Chris Lewis for FX Empire
-
Trading the trend: Is it time to short EURUSD?
-
EUR/USD Forecast April 24, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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