EUR/USD - 1H - Technical analysis published on 06/17/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 1.2059 USD
My targets
1.1936 USD (-0.0066)
1.1856 USD (-0.0146)
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 1.2059 USD. The next support located at 1.1936 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 1.1856 USD. Below this support, sellers could then target 1.1722 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7
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Additional analysis
Quotes
The EUR/USD rating is 1.2002 USD. On the day, this instrument gained +0.06% and was traded between 1.1984 USD and 1.2005 USD over the period. The price is currently at +0.15% from its lowest and -0.02% from its highest.1.1984
1.2005
1.2002
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
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 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1641 | 1.1722 | 1.1856 | 1.2002 | 1.2059 | 1.2094 | 1.2148 |
| Change (%) | -3.01% | -2.33% | -1.22% | - | +0.47% | +0.77% | +1.22% |
| Change | -0.0361 | -0.0280 | -0.0146 | - | +0.0057 | +0.0092 | +0.0146 |
| Level | Minor | Intermediate | Minor | - | Major | Intermediate | 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 | 1.1793 | 1.1890 | 1.1942 | 1.2039 | 1.2091 | 1.2188 | 1.2240 |
| Camarilla | 1.1954 | 1.1968 | 1.1981 | 1.1995 | 1.2009 | 1.2022 | 1.2036 |
| Woodie | 1.1772 | 1.1879 | 1.1921 | 1.2028 | 1.2070 | 1.2177 | 1.2219 |
| Fibonacci | 1.1890 | 1.1947 | 1.1982 | 1.2039 | 1.2096 | 1.2131 | 1.2188 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1936 | 1.2015 | 1.2061 | 1.2140 | 1.2186 | 1.2265 | 1.2311 |
| Camarilla | 1.2074 | 1.2085 | 1.2097 | 1.2108 | 1.2120 | 1.2131 | 1.2142 |
| Woodie | 1.1921 | 1.2007 | 1.2046 | 1.2132 | 1.2171 | 1.2257 | 1.2296 |
| Fibonacci | 1.2015 | 1.2062 | 1.2092 | 1.2140 | 1.2187 | 1.2217 | 1.2265 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1775 | 1.1881 | 1.2056 | 1.2162 | 1.2337 | 1.2443 | 1.2618 |
| Camarilla | 1.2155 | 1.2181 | 1.2206 | 1.2232 | 1.2258 | 1.2284 | 1.2309 |
| Woodie | 1.1811 | 1.1898 | 1.2092 | 1.2179 | 1.2373 | 1.2460 | 1.2654 |
| Fibonacci | 1.1881 | 1.1988 | 1.2054 | 1.2162 | 1.2269 | 1.2335 | 1.2443 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 24.40 | |
| MACD (12,26,9): | -0.0033 | |
| Directional Movement: | -32.1321 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 1.1994 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2027 | |
| Elder Ray (13): | -0.0019 | |
| Super Trend (3,10): | 1.2039 | |
| Zig ZAG (10): | 1.1999 | |
| VORTEX (21): | 0.6168 | |
| Stochastique (14,3,5): | 10.30 | |
| TEMA (21): | 1.1976 | |
| Williams %R (14): | -86.96 | |
| Chande Momentum Oscillator (20): | -0.0113 | |
| Repulse (5,40,3): | 0.0683 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0368 | |
| Courbe Coppock: | 1.84 |
| MA7: | 1.2100 | |
| MA20: | 1.2162 | |
| MA50: | 1.2106 | |
| MA100: | 1.2040 | |
| MAexp7: | 1.2003 | |
| MAexp20: | 1.2035 | |
| MAexp50: | 1.2076 | |
| MAexp100: | 1.2103 | |
| Price / MA7: | -0.81% | |
| Price / MA20: | -1.32% | |
| Price / MA50: | -0.86% | |
| Price / MA100: | -0.32% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | -0.61% | |
| Price / MAexp100: | -0.83% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on EUR/USD at the time of the analysis were as follows:
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EUR/USD and GBP/USD Forecast June 17, 2021
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EUR/USD Technical Analysis for June 17, 2021 by FXEmpire
-
Pre-FOMC USD Price Action Setups: EUR/USD, GBP/USD, USD/CAD
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EUR/USD and GBP/USD Forecast June 16, 2021
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EUR/USD Technical Analysis for June 16, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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