EUR/USD - 1H - Technical analysis published on 05/17/2024 (GMT)
- 86
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
22%
67%
11%
My opinion
Neutral between 1.0826 USD and 1.0862 USD
My targets
-
My analysis
The short-term decline on EUR/USD remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 1.0826 USD. The first resistance is located at 1.0862 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this 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 1.0845 USD. The price is lower by -0.21% since the last closing and was between 1.0835 USD and 1.0869 USD. This implies that the price is at +0.09% from its lowest and at -0.22% from its highest.1.0835
1.0869
1.0845
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/USD indicates that the overall trend is slightly bullish. 50.00% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
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 | 1.0724 | 1.0767 | 1.0826 | 1.0845 | 1.0862 | 1.0876 | 1.0895 |
| Change (%) | -1.12% | -0.72% | -0.18% | - | +0.16% | +0.29% | +0.46% |
| Change | -0.0121 | -0.0078 | -0.0019 | - | +0.0017 | +0.0031 | +0.0050 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0809 | 1.0831 | 1.0850 | 1.0872 | 1.0891 | 1.0913 | 1.0932 |
| Camarilla | 1.0857 | 1.0861 | 1.0864 | 1.0868 | 1.0872 | 1.0876 | 1.0879 |
| Woodie | 1.0807 | 1.0830 | 1.0848 | 1.0871 | 1.0889 | 1.0912 | 1.0930 |
| Fibonacci | 1.0831 | 1.0847 | 1.0857 | 1.0872 | 1.0888 | 1.0898 | 1.0913 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0666 | 1.0695 | 1.0733 | 1.0762 | 1.0800 | 1.0829 | 1.0867 |
| Camarilla | 1.0753 | 1.0759 | 1.0765 | 1.0771 | 1.0777 | 1.0783 | 1.0789 |
| Woodie | 1.0671 | 1.0697 | 1.0738 | 1.0764 | 1.0805 | 1.0831 | 1.0872 |
| Fibonacci | 1.0695 | 1.0721 | 1.0736 | 1.0762 | 1.0788 | 1.0803 | 1.0829 |
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): | 35.11 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -14.2726 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 1.0849 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0860 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 1.0866 | |
| Zig ZAG (10): | 1.0842 | |
| VORTEX (21): | 0.8235 | |
| Stochastique (14,3,5): | 16.67 | |
| TEMA (21): | 1.0841 | |
| Williams %R (14): | -82.35 | |
| Chande Momentum Oscillator (20): | -0.0022 | |
| Repulse (5,40,3): | -0.0552 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0056 | |
| Courbe Coppock: | 0.38 |
| MA7: | 1.0822 | |
| MA20: | 1.0754 | |
| MA50: | 1.0783 | |
| MA100: | 1.0820 | |
| MAexp7: | 1.0846 | |
| MAexp20: | 1.0855 | |
| MAexp50: | 1.0855 | |
| MAexp100: | 1.0839 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | +0.85% | |
| Price / MA50: | +0.57% | |
| Price / MA100: | +0.23% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | +0.06% |
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 16, 2024, by Chris Lewis for FX Empire
-
EUR/USD Daily Forecast and Technical Analysis for May 15, 2024, by Chris Lewis for FX Empire
-
EUR/USD Daily Forecast and Technical Analysis for May 14, 2024, by Chris Lewis for FX Empire
-
EUR/USD Daily Forecast and Technical Analysis for May 13, 2024, by Chris Lewis for FX Empire
-
Trading volatility: EURUSD to move around US CPI inflation data?
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis EUR/USD - 1H