EUR/USD - 1H - Technical analysis published on 01/21/2022 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 1.1369 USD
My targets
1.1314 USD (-0.0020)
1.1211 USD (-0.0123)
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 under the resistance located at 1.1369 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.1314 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.1211 USD as an objective. Crossing it would then enable sellers to target 1.0899 USD. If the resistance 1.1369 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.5
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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 1.1334 USD. On the day, this instrument gained +0.19% and was between 1.1301 USD and 1.1337 USD. This implies that the price is at +0.29% from its lowest and at -0.03% from its highest.1.1301
1.1337
1.1334
A study of price movements over other periods shows the following variations:
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. 67.86% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
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 | 1.0899 | 1.1211 | 1.1314 | 1.1334 | 1.1369 | 1.1399 | 1.1452 |
| Change (%) | -3.84% | -1.09% | -0.18% | - | +0.31% | +0.57% | +1.04% |
| Change | -0.0435 | -0.0123 | -0.0020 | - | +0.0035 | +0.0065 | +0.0118 |
| Level | Minor | Major | Intermediate | - | Minor | 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 | 1.1222 | 1.1262 | 1.1288 | 1.1328 | 1.1354 | 1.1394 | 1.1420 |
| Camarilla | 1.1295 | 1.1301 | 1.1307 | 1.1313 | 1.1319 | 1.1325 | 1.1331 |
| Woodie | 1.1214 | 1.1259 | 1.1280 | 1.1325 | 1.1346 | 1.1391 | 1.1412 |
| Fibonacci | 1.1262 | 1.1288 | 1.1303 | 1.1328 | 1.1354 | 1.1369 | 1.1394 |
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): | 53.22 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | 5.0145 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 1.1322 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1306 | |
| Elder Ray (13): | 0.0005 | |
| Super Trend (3,10): | 1.1348 | |
| Zig ZAG (10): | 1.1334 | |
| VORTEX (21): | 0.9362 | |
| Stochastique (14,3,5): | 67.78 | |
| TEMA (21): | 1.1322 | |
| Williams %R (14): | -8.33 | |
| Chande Momentum Oscillator (20): | 0.0022 | |
| Repulse (5,40,3): | 0.1070 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0082 | |
| Courbe Coppock: | 0.13 |
| MA7: | 1.1371 | |
| MA20: | 1.1349 | |
| MA50: | 1.1317 | |
| MA100: | 1.1482 | |
| MAexp7: | 1.1327 | |
| MAexp20: | 1.1328 | |
| MAexp50: | 1.1338 | |
| MAexp100: | 1.1354 | |
| Price / MA7: | -0.33% | |
| Price / MA20: | -0.13% | |
| Price / MA50: | +0.15% | |
| Price / MA100: | -1.29% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0.18% |
Quotes :
-
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 Technical Analysis for January 21, 2022 by FXEmpire
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EUR/USD and GBP/USD Forecast January 20, 2022
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EUR/USD Technical Analysis for January 20, 2022 by FXEmpire
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EUR/USD and GBP/USD Forecast January 19, 2022
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EUR/USD Technical Analysis for January 19, 2022 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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