EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
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Change: -
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Type: Forex
Ticker: EURUSD
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EUR/USD - 1H - Technical analysis published on 01/24/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.1340 USD
My targets
1.1301 USD (-0.0017)
1.1211 USD (-0.0107)
My analysis
The bearish trend is currently very strong for EUR/USD. As long as the price remains below the resistance at 1.1340 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.1301 USD. The bearish momentum would be revived by a break in this support. 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. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
7.3

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This analysis was given by Maciej Mazur. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

EUR/USD rating 1.1318 USD. The price registered a decrease of -0.22% on the session and was traded between 1.1315 USD and 1.1349 USD over the period. The price is currently at +0.03% from its lowest and -0.27% from its highest.

1.1315
1.1349
1.1318

Here is a more detailed summary of the historical variations registered by EUR/USD:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

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 strongly bearish. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.1211 1.1301 1.1315 1.1318 1.1340 1.1369 1.1399
Change (%) -0.95% -0.15% -0.03% - +0.19% +0.45% +0.72%
Change -0.0107 -0.0017 -0.0003 - +0.0022 +0.0051 +0.0081
Level Major Intermediate Intermediate - Minor Intermediate 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
Standard1.12501.12761.13091.13351.13681.13941.1427
Camarilla1.13271.13321.13381.13431.13481.13541.1359
Woodie1.12551.12781.13141.13371.13731.13961.1432
Fibonacci1.12761.12981.13121.13351.13571.13711.1394


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.11501.12261.12841.13601.14181.14941.1552
Camarilla1.13061.13181.13311.13431.13551.13681.1380
Woodie1.11421.12221.12761.13561.14101.14901.1544
Fibonacci1.12261.12771.13091.13601.14111.14431.1494


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.11051.11641.12701.13291.14351.14941.1600
Camarilla1.13321.13471.13621.13771.13921.14071.1422
Woodie1.11301.11761.12951.13411.14601.15061.1625
Fibonacci1.11641.12271.12661.13291.13921.14311.1494

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): 32.12
MACD (12,26,9): -0.0003
Directional Movement: -11.4755
AROON (14): -100.0000
DEMA (21): 1.1331
Parabolic SAR (0,02-0,02-0,2): 1.1346
Elder Ray (13): -0.0013
Super Trend (3,10): 1.1312
Zig ZAG (10): 1.1317
VORTEX (21): 0.9259
Stochastique (14,3,5): 6.73
TEMA (21): 1.1328
Williams %R (14): -93.94
Chande Momentum Oscillator (20): -0.0023
Repulse (5,40,3): -0.1071
ROCnROLL: 2
TRIX (15,9): 0.0007
Courbe Coppock: 0.27
MA7: 1.1353
MA20: 1.1349
MA50: 1.1316
MA100: 1.1476
MAexp7: 1.1327
MAexp20: 1.1333
MAexp50: 1.1337
MAexp100: 1.1347
Price / MA7: -0.31%
Price / MA20: -0.27%
Price / MA50: +0.02%
Price / MA100: -1.38%
Price / MAexp7: -0.08%
Price / MAexp20: -0.13%
Price / MAexp50: -0.17%
Price / MAexp100: -0.26%

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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