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EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURUSD
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EUR/USD - 1H - Technical analysis published on 05/14/2021 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.2100 USD
My targets
1.2153 USD (+0.0027)
1.2177 USD (+0.0051)
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 1.2100 USD. The buyers' bullish objective is set at 1.2153 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.2177 USD. If there is any crossing, the next objective would be the resistance located at 1.2261 USD.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8

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.

TheFuss
This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/USD price is 1.2126 USD. The price registered an increase of +0.41% on the session and was between 1.2071 USD and 1.2137 USD. This implies that the price is at +0.46% from its lowest and at -0.09% from its highest.

1.2071
1.2137
1.2126

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 result:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of EUR/USD in 1H shows an overall bullish trend. 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. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.2051 1.2077 1.2100 1.2126 1.2136 1.2153 1.2177
Change (%) -0.62% -0.40% -0.21% - +0.08% +0.22% +0.42%
Change -0.0075 -0.0049 -0.0026 - +0.0010 +0.0027 +0.0051
Level Intermediate Intermediate Intermediate - Minor Minor Major



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
Standard1.19941.20221.20501.20781.21061.21341.2162
Camarilla1.20621.20671.20721.20771.20821.20871.2092
Woodie1.19931.20221.20491.20781.21051.21341.2161
Fibonacci1.20221.20441.20571.20781.21001.21131.2134


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.18581.19221.20441.21081.22301.22941.2416
Camarilla1.21151.21321.21491.21661.21831.22001.2217
Woodie1.18871.19371.20731.21231.22591.23091.2445
Fibonacci1.19221.19931.20371.21081.21791.22231.2294


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.13351.15241.17721.19611.22091.23981.2646
Camarilla1.19001.19401.19801.20201.20601.21001.2140
Woodie1.13651.15391.18021.19761.22391.24131.2676
Fibonacci1.15241.16911.17941.19611.21281.22311.2398

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): 64.45
MACD (12,26,9): 0.0010
Directional Movement: 22.1604
AROON (14): 85.7143
DEMA (21): 1.2110
Parabolic SAR (0,02-0,02-0,2): 1.2097
Elder Ray (13): 0.0021
Super Trend (3,10): 1.2084
Zig ZAG (10): 1.2127
VORTEX (21): 1.1956
Stochastique (14,3,5): 80.77
TEMA (21): 1.2123
Williams %R (14): -13.64
Chande Momentum Oscillator (20): 0.0053
Repulse (5,40,3): 0.1606
ROCnROLL: 1
TRIX (15,9): 0.0067
Courbe Coppock: 0.62
MA7: 1.2114
MA20: 1.2077
MA50: 1.1958
MA100: 1.2045
MAexp7: 1.2115
MAexp20: 1.2103
MAexp50: 1.2098
MAexp100: 1.2101
Price / MA7: +0.10%
Price / MA20: +0.41%
Price / MA50: +1.40%
Price / MA100: +0.67%
Price / MAexp7: +0.09%
Price / MAexp20: +0.19%
Price / MAexp50: +0.23%
Price / MAexp100: +0.21%

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.

About author

Londinia
Londinia AI

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