EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
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Type: Forex
Ticker: EURUSD
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EUR/USD - 1H - Technical analysis published on 12/01/2021 (GMT)

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

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 1.1295 USD
My targets
1.1361 USD (+0.0037)
1.1383 USD (+0.0059)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/USD. As long as you are above the support located at 1.1295 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.1361 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.1383 USD as an objective. Crossing it would then enable buyers to target 1.1543 USD. If the support 1.1295 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.4

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/USD price is 1.1324 USD. On the day, this instrument lost -0.05% with the lowest point at 1.1302 USD and the highest point at 1.1360 USD. The deviation from the price is +0.19% for the low point and -0.32% for the high point.

1.1302
1.1360
1.1324

A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of EUR/USD in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 9 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour


Near support of triangle

Type : Bullish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.1223 1.1257 1.1295 1.1324 1.1361 1.1383 1.1543
Change (%) -0.89% -0.59% -0.26% - +0.33% +0.52% +1.93%
Change -0.0101 -0.0067 -0.0029 - +0.0037 +0.0059 +0.0219
Level Major Intermediate Minor - Minor Major 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
Standard1.11011.11681.12491.13161.13971.14641.1545
Camarilla1.12891.13031.13161.13301.13441.13571.1371
Woodie1.11081.11721.12561.13201.14041.14681.1552
Fibonacci1.11681.12251.12601.13161.13731.14081.1464


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.10781.11321.12241.12781.13701.14241.1516
Camarilla1.12761.12891.13031.13161.13291.13431.1356
Woodie1.10971.11421.12431.12881.13891.14341.1535
Fibonacci1.11321.11881.12221.12781.13341.13681.1424


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.07071.09471.11381.13781.15691.18091.2000
Camarilla1.12121.12511.12911.13301.13701.14091.1449
Woodie1.06841.09351.11151.13661.15461.17971.1977
Fibonacci1.09471.11111.12131.13781.15421.16441.1809

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): 50.99
MACD (12,26,9): 0.0003
Directional Movement: 7.0364
AROON (14): 0
DEMA (21): 1.1335
Parabolic SAR (0,02-0,02-0,2): 1.1289
Elder Ray (13): -0.0002
Super Trend (3,10): 1.1355
Zig ZAG (10): 1.1330
VORTEX (21): 1.0428
Stochastique (14,3,5): 64.37
TEMA (21): 1.1332
Williams %R (14): -50.00
Chande Momentum Oscillator (20): -0.0001
Repulse (5,40,3): -0.0461
ROCnROLL: 1
TRIX (15,9): 0.0041
Courbe Coppock: 0.03
MA7: 1.1274
MA20: 1.1375
MA50: 1.1518
MA100: 1.1654
MAexp7: 1.1331
MAexp20: 1.1329
MAexp50: 1.1317
MAexp100: 1.1299
Price / MA7: +0.44%
Price / MA20: -0.45%
Price / MA50: -1.68%
Price / MA100: -2.83%
Price / MAexp7: -0.06%
Price / MAexp20: -0.04%
Price / MAexp50: +0.06%
Price / MAexp100: +0.22%

Quotes : - Real time data - Forex

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

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