EUR/USD - 1H - Technical analysis published on 04/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 1.0678 USD
My targets
1.0740 USD (+0.0022)
1.0753 USD (+0.0035)
My analysis
A bullish trend on EUR/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 1.0678 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 1.0740 USD. Then the price could move towards 1.0753 USD. Then 1.0765 USD by extension. Be careful, a return below 1.0678 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD price is 1.0718 USD. The price registered an increase of +0.22% on the session with the lowest point at 1.0692 USD and the highest point at 1.0720 USD. The deviation from the price is +0.24% for the low point and -0.02% for the high point.1.0692
1.0720
1.0718
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 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 EUR/USD in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.0664 | 1.0678 | 1.0708 | 1.0718 | 1.0740 | 1.0753 | 1.0765 |
| Change (%) | -0.50% | -0.37% | -0.09% | - | +0.21% | +0.33% | +0.44% |
| Change | -0.0054 | -0.0040 | -0.0010 | - | +0.0022 | +0.0035 | +0.0047 |
| Level | Minor | Major | Major | - | Minor | Intermediate | 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 | 1.0582 | 1.0628 | 1.0661 | 1.0707 | 1.0740 | 1.0786 | 1.0819 |
| Camarilla | 1.0672 | 1.0680 | 1.0687 | 1.0694 | 1.0701 | 1.0709 | 1.0716 |
| Woodie | 1.0576 | 1.0625 | 1.0655 | 1.0704 | 1.0734 | 1.0783 | 1.0813 |
| Fibonacci | 1.0628 | 1.0658 | 1.0677 | 1.0707 | 1.0737 | 1.0756 | 1.0786 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0499 | 1.0561 | 1.0628 | 1.0690 | 1.0757 | 1.0819 | 1.0886 |
| Camarilla | 1.0659 | 1.0670 | 1.0682 | 1.0694 | 1.0706 | 1.0718 | 1.0730 |
| Woodie | 1.0501 | 1.0562 | 1.0630 | 1.0691 | 1.0759 | 1.0820 | 1.0888 |
| Fibonacci | 1.0561 | 1.0611 | 1.0641 | 1.0690 | 1.0740 | 1.0770 | 1.0819 |
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): | 54.42 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 7.3432 | |
| AROON (14): | 85.7142 | |
| DEMA (21): | 1.0707 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0720 | |
| Elder Ray (13): | 0.0009 | |
| Super Trend (3,10): | 1.0732 | |
| Zig ZAG (10): | 1.0717 | |
| VORTEX (21): | 0.9545 | |
| Stochastique (14,3,5): | 88.99 | |
| TEMA (21): | 1.0706 | |
| Williams %R (14): | -8.70 | |
| Chande Momentum Oscillator (20): | 0.0021 | |
| Repulse (5,40,3): | 0.0678 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0058 | |
| Courbe Coppock: | 0.04 |
| MA7: | 1.0692 | |
| MA20: | 1.0726 | |
| MA50: | 1.0804 | |
| MA100: | 1.0843 | |
| MAexp7: | 1.0711 | |
| MAexp20: | 1.0709 | |
| MAexp50: | 1.0709 | |
| MAexp100: | 1.0700 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | -0.07% | |
| Price / MA50: | -0.80% | |
| Price / MA100: | -1.15% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.17% |
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:
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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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