EUR/USD - 1H - Technical analysis published on 01/18/2022 (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:
Bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 1.1435 USD
My targets
1.1365 USD (-0.0027)
1.1332 USD (-0.0060)
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 1.1435 USD. The next support located at 1.1365 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 1.1332 USD. Below this support, sellers could then target 1.1285 USD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5.7
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This analysis was given by Maciej Mazur. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.1392 USD. On the day, this instrument lost -0.16% with the lowest point at 1.1385 USD and the highest point at 1.1422 USD. The deviation from the price is +0.06% for the low point and -0.26% for the high point.1.1385
1.1422
1.1392
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/USD indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bullish divergence
Type : Bullish
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, 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 | 1.1285 | 1.1332 | 1.1365 | 1.1392 | 1.1399 | 1.1435 | 1.1452 |
| Change (%) | -0.94% | -0.53% | -0.24% | - | +0.06% | +0.38% | +0.53% |
| Change | -0.0107 | -0.0060 | -0.0027 | - | +0.0007 | +0.0043 | +0.0060 |
| Level | Intermediate | Minor | Intermediate | - | Major | 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 | 1.1347 | 1.1369 | 1.1390 | 1.1412 | 1.1433 | 1.1455 | 1.1476 |
| Camarilla | 1.1398 | 1.1402 | 1.1406 | 1.1410 | 1.1414 | 1.1418 | 1.1422 |
| Woodie | 1.1346 | 1.1369 | 1.1389 | 1.1412 | 1.1432 | 1.1455 | 1.1475 |
| Fibonacci | 1.1369 | 1.1386 | 1.1396 | 1.1412 | 1.1429 | 1.1439 | 1.1455 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1108 | 1.1196 | 1.1306 | 1.1394 | 1.1504 | 1.1592 | 1.1702 |
| Camarilla | 1.1361 | 1.1379 | 1.1397 | 1.1415 | 1.1433 | 1.1451 | 1.1470 |
| Woodie | 1.1118 | 1.1202 | 1.1316 | 1.1400 | 1.1514 | 1.1598 | 1.1712 |
| Fibonacci | 1.1196 | 1.1272 | 1.1319 | 1.1394 | 1.1470 | 1.1517 | 1.1592 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1105 | 1.1164 | 1.1270 | 1.1329 | 1.1435 | 1.1494 | 1.1600 |
| Camarilla | 1.1332 | 1.1347 | 1.1362 | 1.1377 | 1.1392 | 1.1407 | 1.1422 |
| Woodie | 1.1130 | 1.1176 | 1.1295 | 1.1341 | 1.1460 | 1.1506 | 1.1625 |
| Fibonacci | 1.1164 | 1.1227 | 1.1266 | 1.1329 | 1.1392 | 1.1431 | 1.1494 |
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): | 39.91 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -11.0103 | |
| AROON (14): | 0 | |
| DEMA (21): | 1.1397 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1418 | |
| Elder Ray (13): | -0.0005 | |
| Super Trend (3,10): | 1.1432 | |
| Zig ZAG (10): | 1.1395 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 26.13 | |
| TEMA (21): | 1.1396 | |
| Williams %R (14): | -70.27 | |
| Chande Momentum Oscillator (20): | -0.0014 | |
| Repulse (5,40,3): | -0.0042 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0060 | |
| Courbe Coppock: | 0.18 |
| MA7: | 1.1401 | |
| MA20: | 1.1352 | |
| MA50: | 1.1326 | |
| MA100: | 1.1498 | |
| MAexp7: | 1.1398 | |
| MAexp20: | 1.1404 | |
| MAexp50: | 1.1413 | |
| MAexp100: | 1.1410 | |
| Price / MA7: | -0.08% | |
| Price / MA20: | +0.35% | |
| Price / MA50: | +0.58% | |
| Price / MA100: | -0.92% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.16% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on EUR/USD. At the time of publication of this analysis, the latest news was as follows:
-
EUR/USD and GBP/USD Forecast January 18, 2022
-
EUR/USD Technical Analysis for January 18, 2022 by FXEmpire
-
Technical Analysis: 17/01/2022 - EURUSD hovers beyond long-term descending line
-
EUR/USD and GBP/USD Forecast January 17, 2022
-
EUR/USD Technical Analysis for the Week of January 17, 2022 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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