EUR/USD - 1H - Technical analysis published on 10/13/2021 (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 bullish
Underlying:
Bullish
Technical indicators
67%
17%
17%
My opinion
Bullish above 1.1547 USD
My targets
1.1613 USD (+0.0044)
1.1640 USD (+0.0071)
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 1.1547 USD. The buyers' bullish objective is set at 1.1613 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1640 USD. If there is any crossing, the next objective would be the resistance located at 1.1723 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.1569 USD. On the day, this instrument gained +0.33% and was between 1.1530 USD and 1.1571 USD. This implies that the price is at +0.34% from its lowest and at -0.02% from its highest.1.1530
1.1571
1.1569
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/USD indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.1529 | 1.1547 | 1.1561 | 1.1569 | 1.1571 | 1.1613 | 1.1640 |
| Change (%) | -0.35% | -0.19% | -0.07% | - | +0.02% | +0.38% | +0.61% |
| Change | -0.0040 | -0.0022 | -0.0008 | - | +0.0002 | +0.0044 | +0.0071 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1471 | 1.1498 | 1.1514 | 1.1541 | 1.1557 | 1.1584 | 1.1600 |
| Camarilla | 1.1519 | 1.1523 | 1.1527 | 1.1531 | 1.1535 | 1.1539 | 1.1543 |
| Woodie | 1.1467 | 1.1495 | 1.1510 | 1.1538 | 1.1553 | 1.1581 | 1.1596 |
| Fibonacci | 1.1498 | 1.1514 | 1.1524 | 1.1541 | 1.1557 | 1.1567 | 1.1584 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1411 | 1.1470 | 1.1522 | 1.1581 | 1.1633 | 1.1692 | 1.1744 |
| Camarilla | 1.1544 | 1.1554 | 1.1564 | 1.1574 | 1.1584 | 1.1594 | 1.1605 |
| Woodie | 1.1408 | 1.1468 | 1.1519 | 1.1579 | 1.1630 | 1.1690 | 1.1741 |
| Fibonacci | 1.1470 | 1.1512 | 1.1539 | 1.1581 | 1.1623 | 1.1650 | 1.1692 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1107 | 1.1335 | 1.1454 | 1.1682 | 1.1801 | 1.2029 | 1.2148 |
| Camarilla | 1.1479 | 1.1510 | 1.1542 | 1.1574 | 1.1606 | 1.1638 | 1.1669 |
| Woodie | 1.1054 | 1.1308 | 1.1401 | 1.1655 | 1.1748 | 1.2002 | 1.2095 |
| Fibonacci | 1.1335 | 1.1467 | 1.1549 | 1.1682 | 1.1814 | 1.1896 | 1.2029 |
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): | 57.07 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | -1.3823 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 1.1550 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1534 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 1.1573 | |
| Zig ZAG (10): | 1.1548 | |
| VORTEX (21): | 1.0811 | |
| Stochastique (14,3,5): | 57.73 | |
| TEMA (21): | 1.1554 | |
| Williams %R (14): | -48.65 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | 0.0034 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0007 | |
| Courbe Coppock: | 0.32 |
| MA7: | 1.1561 | |
| MA20: | 1.1639 | |
| MA50: | 1.1726 | |
| MA100: | 1.1835 | |
| MAexp7: | 1.1555 | |
| MAexp20: | 1.1552 | |
| MAexp50: | 1.1554 | |
| MAexp100: | 1.1560 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | -0.60% | |
| Price / MA50: | -1.34% | |
| Price / MA100: | -2.25% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +0.08% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/USD at the time of the generation of this analysis was as follows:
-
EUR/USD Technical Outlook: Euro Could Squeeze Higher
-
EUR/USD and GBP/USD Forecast October 13, 2021
-
EUR/USD Technical Analysis for October 13, 2021 by FXEmpire
-
EUR/USD and GBP/USD Forecast October 12, 2021
-
EUR/USD Technical Analysis for October 12, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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