EUR/USD

- USD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURUSD
ISIN:

EUR/USD - 1H - Technical analysis published on 05/10/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

11%

44%

My opinion

Bullish above 1.0765 USD

My targets

1.0813 USD (+0.0032)

1.0862 USD (+0.0081)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/USD as long as the price remains well above 1.0765 USD. The buyers' bullish objective is set at 1.0813 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0862 USD. If there is any crossing, the next objective would be the resistance located at 1.0953 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

6.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EUR/USD rating 1.0781 USD. The price is lower by -0.01% since the last closing and was between 1.0771 USD and 1.0787 USD. This implies that the price is at +0.09% from its lowest and at -0.06% from its highest.

1.0771

1.0787

1.0781

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of EUR/USD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, only 8 technical indicators out of 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.0708	1.0734	1.0765	1.0781	1.0791	1.0813	1.0862
Change (%)	-0.68%	-0.44%	-0.15%	-	+0.09%	+0.30%	+0.75%
Change	-0.0073	-0.0047	-0.0016	-	+0.0010	+0.0032	+0.0081
Level	Intermediate	Major	Intermediate	-	Minor	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0680	1.0702	1.0742	1.0764	1.0804	1.0826	1.0866
Camarilla	1.0765	1.0771	1.0776	1.0782	1.0788	1.0793	1.0799
Woodie	1.0689	1.0707	1.0751	1.0769	1.0813	1.0831	1.0875
Fibonacci	1.0702	1.0726	1.0740	1.0764	1.0788	1.0802	1.0826

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0506	1.0577	1.0670	1.0741	1.0834	1.0905	1.0998
Camarilla	1.0717	1.0732	1.0747	1.0762	1.0777	1.0792	1.0807
Woodie	1.0516	1.0583	1.0680	1.0747	1.0844	1.0911	1.1008
Fibonacci	1.0577	1.0640	1.0679	1.0741	1.0804	1.0843	1.0905

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 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):	59.62
MACD (12,26,9):	0.0005
Directional Movement:	8.1438
AROON (14):	14.2857
DEMA (21):	1.0783
Parabolic SAR (0,02-0,02-0,2):	1.0772
Elder Ray (13):	0.0002
Super Trend (3,10):	1.0761
Zig ZAG (10):	1.0779
VORTEX (21):	1.0720
Stochastique (14,3,5):	50.00
TEMA (21):	1.0783
Williams %R (14):	-43.75
Chande Momentum Oscillator (20):	0.0001
Repulse (5,40,3):	0.0075
ROCnROLL:	1
TRIX (15,9):	0.0090
Courbe Coppock:	0.03

MA7:	1.0760
MA20:	1.0705
MA50:	1.0789
MA100:	1.0830
MAexp7:	1.0779
MAexp20:	1.0775
MAexp50:	1.0766
MAexp100:	1.0759
Price / MA7:	+0.20%
Price / MA20:	+0.71%
Price / MA50:	-0.07%
Price / MA100:	-0.45%
Price / MAexp7:	+0.02%
Price / MAexp20:	+0.06%
Price / MAexp50:	+0.14%
Price / MAexp100:	+0.20%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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