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 bearish
Underlying:
Slightly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 1.0708 USD
My targets
1.0678 USD (-0.0012)
1.0654 USD (-0.0036)
My analysis
The strong short-term decline of EUR/USD reinforces the current slightly bearish trend. As long as the price remains below 1.0708 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 1.0678 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.0654 USD as an objective. Crossing it would then enable sellers to target 1.0638 USD. A return to above 1.0708 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
4.1
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Additional analysis
Quotes
The EUR/USD rating is 1.0690 USD. The price registered a decrease of -0.34% on the session and was between 1.0686 USD and 1.0753 USD. This implies that the price is at +0.04% from its lowest and at -0.59% from its highest.1.0686
1.0753
1.0690
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
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 slightly bearish. 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0638 | 1.0654 | 1.0678 | 1.0690 | 1.0708 | 1.0740 | 1.0862 |
| Change (%) | -0.49% | -0.34% | -0.11% | - | +0.17% | +0.47% | +1.61% |
| Change | -0.0052 | -0.0036 | -0.0012 | - | +0.0018 | +0.0050 | +0.0172 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Minor |
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): | 31.32 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -3.2063 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.0720 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0753 | |
| Elder Ray (13): | -0.0018 | |
| Super Trend (3,10): | 1.0746 | |
| Zig ZAG (10): | 1.0689 | |
| VORTEX (21): | 0.8255 | |
| Stochastique (14,3,5): | 6.39 | |
| TEMA (21): | 1.0713 | |
| Williams %R (14): | -98.46 | |
| Chande Momentum Oscillator (20): | -0.0035 | |
| Repulse (5,40,3): | -0.4746 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0040 | |
| Courbe Coppock: | 0.20 |
| MA7: | 1.0681 | |
| MA20: | 1.0727 | |
| MA50: | 1.0805 | |
| MA100: | 1.0843 | |
| MAexp7: | 1.0713 | |
| MAexp20: | 1.0720 | |
| MAexp50: | 1.0714 | |
| MAexp100: | 1.0700 | |
| Price / MA7: | +0.08% | |
| Price / MA20: | -0.34% | |
| Price / MA50: | -1.06% | |
| Price / MA100: | -1.41% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -0.28% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.09% |
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 Long Term Forecast and Technical Analysis for April 26, 2024, by Chris Lewis for FX Empire
-
EUR/USD Daily Forecast and Technical Analysis for April 26, 2024, by Chris Lewis for FX Empire
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
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