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:
Bullish
Underlying:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 1.0708 USD
My targets
1.0740 USD (+0.0021)
1.0753 USD (+0.0034)
My analysis
All elements being rather bullish, it would be possible for traders to only trade 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 1.0740 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0753 USD. If there is any crossing, the next objective would be the resistance located at 1.0765 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
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
5.5
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Additional analysis
Quotes
EUR/USD rating 1.0719 USD. The price registered an increase of +0.23% on the session and was traded between 1.0692 USD and 1.0734 USD over the period. The price is currently at +0.25% from its lowest and -0.14% from its highest.1.0692
1.0734
1.0719
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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
A technical analysis in 1H of this EUR/USD chart shows a bullish trend. 71.43% 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 detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0664 | 1.0678 | 1.0708 | 1.0719 | 1.0740 | 1.0753 | 1.0765 |
| Change (%) | -0.51% | -0.38% | -0.10% | - | +0.20% | +0.32% | +0.43% |
| Change | -0.0055 | -0.0041 | -0.0011 | - | +0.0021 | +0.0034 | +0.0046 |
| 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.16 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -2.6911 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 1.0712 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0680 | |
| Elder Ray (13): | -0.0008 | |
| Super Trend (3,10): | 1.0732 | |
| Zig ZAG (10): | 1.0714 | |
| VORTEX (21): | 0.9599 | |
| Stochastique (14,3,5): | 49.24 | |
| TEMA (21): | 1.0715 | |
| Williams %R (14): | -45.24 | |
| Chande Momentum Oscillator (20): | 0.0020 | |
| Repulse (5,40,3): | 0.0296 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0009 | |
| Courbe Coppock: | 0.36 |
| MA7: | 1.0693 | |
| MA20: | 1.0725 | |
| MA50: | 1.0803 | |
| MA100: | 1.0842 | |
| MAexp7: | 1.0715 | |
| MAexp20: | 1.0712 | |
| MAexp50: | 1.0711 | |
| MAexp100: | 1.0702 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | -0.06% | |
| Price / MA50: | -0.78% | |
| Price / MA100: | -1.13% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.16% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on EUR/USD. At the time of publication of this analysis, the latest news 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
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EUR/USD Daily Forecast and Technical Analysis for April 26, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for April 25, 2024, by Chris Lewis for FX Empire
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EUR/USD Forecast April 26, 2024
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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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