EUR/USD - 1H - Technical analysis published on 04/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 1.0708 USD
My targets
1.0638 USD (-0.0042)
1.0624 USD (-0.0056)
My analysis
EUR/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.0708 USD. The next support located at 1.0638 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.0624 USD. Below this support, sellers could then target 1.0564 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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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 1.0680 USD. The price registered a decrease of -0.33% on the session and was traded between 1.0678 USD and 1.0735 USD over the period. The price is currently at +0.02% from its lowest and -0.51% from its highest.1.0678
1.0735
1.0680
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 bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 2 are neutral and 12 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
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
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0624 | 1.0638 | 1.0678 | 1.0680 | 1.0708 | 1.0734 | 1.0753 |
| Change (%) | -0.52% | -0.39% | -0.02% | - | +0.26% | +0.51% | +0.68% |
| Change | -0.0056 | -0.0042 | -0.0002 | - | +0.0028 | +0.0054 | +0.0073 |
| Level | Minor | Major | Major | - | 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 | 1.0648 | 1.0669 | 1.0692 | 1.0713 | 1.0736 | 1.0757 | 1.0780 |
| Camarilla | 1.0703 | 1.0707 | 1.0711 | 1.0715 | 1.0719 | 1.0723 | 1.0727 |
| Woodie | 1.0649 | 1.0670 | 1.0693 | 1.0714 | 1.0737 | 1.0758 | 1.0781 |
| Fibonacci | 1.0669 | 1.0686 | 1.0696 | 1.0713 | 1.0730 | 1.0740 | 1.0757 |
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): | 36.47 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -17.5931 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.0699 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0728 | |
| Elder Ray (13): | -0.0019 | |
| Super Trend (3,10): | 1.0730 | |
| Zig ZAG (10): | 1.0681 | |
| VORTEX (21): | 0.8674 | |
| Stochastique (14,3,5): | 5.84 | |
| TEMA (21): | 1.0694 | |
| Williams %R (14): | -94.55 | |
| Chande Momentum Oscillator (20): | -0.0022 | |
| Repulse (5,40,3): | -0.2142 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0028 | |
| Courbe Coppock: | 0.22 |
| MA7: | 1.0696 | |
| MA20: | 1.0722 | |
| MA50: | 1.0801 | |
| MA100: | 1.0842 | |
| MAexp7: | 1.0695 | |
| MAexp20: | 1.0706 | |
| MAexp50: | 1.0709 | |
| MAexp100: | 1.0706 | |
| Price / MA7: | -0.15% | |
| Price / MA20: | -0.39% | |
| Price / MA50: | -1.12% | |
| Price / MA100: | -1.49% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | -0.27% | |
| Price / MAexp100: | -0.24% |
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:
-
EUR/USD Daily Forecast and Technical Analysis for April 30, 2024, by Chris Lewis for FX Empire
-
Weekly Technical Outlook: 29/04/2024 - USDJPY, EURUSD, Oil
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EUR/USD Daily Forecast and Technical Analysis for April 29, 2024, by Chris Lewis for FX Empire
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
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