EUR/USD - 1H - Technical analysis published on 01/24/2022 (GMT)
- 119
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 1.1315 USD
My targets
1.1211 USD (-0.0087)
1.1150 USD (-0.0148)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/USD as long as the price remains well below 1.1315 USD. The sellers' bearish objective is set at 1.1211 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.1150 USD. In case of crossing, the next objective would be the support located at 1.0899 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8
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 Maciej Mazur. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD rating is 1.1298 USD. The price is lower by -0.40% since the last closing with the lowest point at 1.1293 USD and the highest point at 1.1349 USD. The deviation from the price is +0.04% for the low point and -0.45% for the high point.1.1293
1.1349
1.1298
Here is a more detailed summary of the historical variations registered by EUR/USD:
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. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0655 | 1.0899 | 1.1211 | 1.1298 | 1.1301 | 1.1315 | 1.1340 |
| Change (%) | -5.69% | -3.53% | -0.77% | - | +0.03% | +0.15% | +0.37% |
| Change | -0.0643 | -0.0399 | -0.0087 | - | +0.0003 | +0.0017 | +0.0042 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1250 | 1.1276 | 1.1309 | 1.1335 | 1.1368 | 1.1394 | 1.1427 |
| Camarilla | 1.1327 | 1.1332 | 1.1338 | 1.1343 | 1.1348 | 1.1354 | 1.1359 |
| Woodie | 1.1255 | 1.1278 | 1.1314 | 1.1337 | 1.1373 | 1.1396 | 1.1432 |
| Fibonacci | 1.1276 | 1.1298 | 1.1312 | 1.1335 | 1.1357 | 1.1371 | 1.1394 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1150 | 1.1226 | 1.1284 | 1.1360 | 1.1418 | 1.1494 | 1.1552 |
| Camarilla | 1.1306 | 1.1318 | 1.1331 | 1.1343 | 1.1355 | 1.1368 | 1.1380 |
| Woodie | 1.1142 | 1.1222 | 1.1276 | 1.1356 | 1.1410 | 1.1490 | 1.1544 |
| Fibonacci | 1.1226 | 1.1277 | 1.1309 | 1.1360 | 1.1411 | 1.1443 | 1.1494 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 24.67 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | -20.0423 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 1.1309 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1332 | |
| Elder Ray (13): | -0.0019 | |
| Super Trend (3,10): | 1.1329 | |
| Zig ZAG (10): | 1.1296 | |
| VORTEX (21): | 0.7714 | |
| Stochastique (14,3,5): | 4.26 | |
| TEMA (21): | 1.1302 | |
| Williams %R (14): | -93.62 | |
| Chande Momentum Oscillator (20): | -0.0035 | |
| Repulse (5,40,3): | -0.1496 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0067 | |
| Courbe Coppock: | 0.55 |
| MA7: | 1.1351 | |
| MA20: | 1.1348 | |
| MA50: | 1.1316 | |
| MA100: | 1.1476 | |
| MAexp7: | 1.1308 | |
| MAexp20: | 1.1320 | |
| MAexp50: | 1.1330 | |
| MAexp100: | 1.1342 | |
| Price / MA7: | -0.47% | |
| Price / MA20: | -0.44% | |
| Price / MA50: | -0.16% | |
| Price / MA100: | -1.55% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | -0.28% | |
| Price / MAexp100: | -0.39% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on EUR/USD at the time of the analysis were as follows:
-
Technical Analysis: 24/01/2022 - EURUSD edges sideways after advances curbed by 100-MA
-
EUR/USD and GBP/USD Forecast January 24, 2022
-
EUR/USD Technical Analysis for the Week of January 24, 2022 by FXEmpire
-
EUR/USD Technical Analysis for January 24, 2022 by FXEmpire
-
EUR/USD Technical Analysis for January 21, 2022 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/USD - 1H