EUR/USD - 1H - Technical analysis published on 05/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 1.0678 USD
My targets
1.0735 USD (+0.0019)
1.0753 USD (+0.0037)
My analysis
EUR/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.0678 USD. The next resistance located at 1.0735 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.0753 USD. After this resistance, buyers could then target 1.0862 USD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.1
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD price is 1.0716 USD. On the day, this instrument lost -0.01% and was traded between 1.0707 USD and 1.0721 USD over the period. The price is currently at +0.08% from its lowest and -0.05% from its highest.1.0707
1.0721
1.0716
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
Technical analysis of this 1H chart of EUR/USD indicates that the overall trend is bullish. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
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 | 1.0649 | 1.0678 | 1.0708 | 1.0716 | 1.0735 | 1.0753 | 1.0862 |
Change (%) | -0.63% | -0.35% | -0.07% | - | +0.18% | +0.35% | +1.36% |
Change | -0.0067 | -0.0038 | -0.0008 | - | +0.0019 | +0.0037 | +0.0146 |
Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | 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 | 1.0616 | 1.0666 | 1.0700 | 1.0750 | 1.0784 | 1.0834 |
Camarilla | 1.0694 | 1.0702 | 1.0709 | 1.0717 | 1.0725 | 1.0732 | 1.0740 |
Woodie | 1.0591 | 1.0620 | 1.0675 | 1.0704 | 1.0759 | 1.0788 | 1.0843 |
Fibonacci | 1.0616 | 1.0648 | 1.0668 | 1.0700 | 1.0732 | 1.0752 | 1.0784 |
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 | 1.0266 | 1.0433 | 1.0550 | 1.0717 | 1.0834 | 1.1001 | 1.1118 |
Camarilla | 1.0588 | 1.0614 | 1.0640 | 1.0666 | 1.0692 | 1.0718 | 1.0744 |
Woodie | 1.0240 | 1.0421 | 1.0524 | 1.0705 | 1.0808 | 1.0989 | 1.1092 |
Fibonacci | 1.0433 | 1.0542 | 1.0609 | 1.0717 | 1.0826 | 1.0893 | 1.1001 |
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): | 59.87 | |
MACD (12,26,9): | 0.0010 | |
Directional Movement: | 13.7413 | |
AROON (14): | 14.2857 | |
DEMA (21): | 1.0715 | |
Parabolic SAR (0,02-0,02-0,2): | 1.0709 | |
Elder Ray (13): | 0.0009 | |
Super Trend (3,10): | 1.0681 | |
Zig ZAG (10): | 1.0714 | |
VORTEX (21): | 1.1739 | |
Stochastique (14,3,5): | 71.96 | |
TEMA (21): | 1.0724 | |
Williams %R (14): | -31.75 | |
Chande Momentum Oscillator (20): | 0.0039 | |
Repulse (5,40,3): | -0.0457 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0119 | |
Courbe Coppock: | 0.64 |
MA7: | 1.0705 | |
MA20: | 1.0709 | |
MA50: | 1.0797 | |
MA100: | 1.0840 | |
MAexp7: | 1.0714 | |
MAexp20: | 1.0703 | |
MAexp50: | 1.0696 | |
MAexp100: | 1.0696 | |
Price / MA7: | +0.10% | |
Price / MA20: | +0.07% | |
Price / MA50: | -0.75% | |
Price / MA100: | -1.14% | |
Price / MAexp7: | +0.02% | |
Price / MAexp20: | +0.12% | |
Price / MAexp50: | +0.19% | |
Price / MAexp100: | +0.19% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on EUR/USD at the time of the analysis were as follows:
- EUR/USD Daily Forecast and Technical Analysis for May 01, 2024, by Chris Lewis for FX Empire
- 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
- 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
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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