EUR/USD - 1H - Technical analysis published on 04/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 1.0708 USD
My targets
1.0740 USD (+0.0016)
1.0753 USD (+0.0029)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on EUR/USD. This is a positive signal for buyers. As long as the price remains above 1.0708 USD, a purchase could be considered. The first bullish objective is located at 1.0740 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.0753 USD as an objective. Crossing it would then enable buyers to target 1.0765 USD. In the event of a return below 1.0708 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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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 1.0724 USD. The price has increased by +0.28% since the last closing and was between 1.0692 USD and 1.0734 USD. This implies that the price is at +0.30% from its lowest and at -0.09% from its highest.1.0692
1.0734
1.0724
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
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/USD chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.0664 | 1.0678 | 1.0708 | 1.0724 | 1.0740 | 1.0753 | 1.0765 |
Change (%) | -0.56% | -0.43% | -0.15% | - | +0.15% | +0.27% | +0.38% |
Change | -0.0060 | -0.0046 | -0.0016 | - | +0.0016 | +0.0029 | +0.0041 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 53.42 | |
MACD (12,26,9): | 0.0002 | |
Directional Movement: | 3.4620 | |
AROON (14): | 64.2857 | |
DEMA (21): | 1.0714 | |
Parabolic SAR (0,02-0,02-0,2): | 1.0678 | |
Elder Ray (13): | 0.0003 | |
Super Trend (3,10): | 1.0732 | |
Zig ZAG (10): | 1.0718 | |
VORTEX (21): | 0.9680 | |
Stochastique (14,3,5): | 65.89 | |
TEMA (21): | 1.0717 | |
Williams %R (14): | -34.88 | |
Chande Momentum Oscillator (20): | 0.0027 | |
Repulse (5,40,3): | 0.0030 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0018 | |
Courbe Coppock: | 0.38 |
MA7: | 1.0693 | |
MA20: | 1.0726 | |
MA50: | 1.0804 | |
MA100: | 1.0843 | |
MAexp7: | 1.0718 | |
MAexp20: | 1.0713 | |
MAexp50: | 1.0711 | |
MAexp100: | 1.0702 | |
Price / MA7: | +0.29% | |
Price / MA20: | -0.02% | |
Price / MA50: | -0.74% | |
Price / MA100: | -1.10% | |
Price / MAexp7: | +0.06% | |
Price / MAexp20: | +0.10% | |
Price / MAexp50: | +0.12% | |
Price / MAexp100: | +0.21% |
Quotes :
-
Real time data
-
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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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