EUR/USD - 1H - Technical analysis published on 01/27/2022 (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
11%
67%
22%
My opinion
Bearish under 1.1211 USD
My targets
1.1150 USD (-0.0012)
1.1105 USD (-0.0057)
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 1.1211 USD. The next support located at 1.1150 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 1.1105 USD. Below this support, sellers could then target 1.0899 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
7.9
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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 1.1162 USD. The price registered a decrease of -0.70% on the session and was traded between 1.1152 USD and 1.1244 USD over the period. The price is currently at +0.09% from its lowest and -0.73% from its highest.1.1152
1.1244
1.1162
A study of price movements over other periods shows the following variations:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/USD in 1H shows a overall strongly bearish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 10
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.0655 | 1.0899 | 1.1162 | 1.1211 | 1.1263 | 1.1301 |
| Change (%) | -4.54% | -2.36% | - | +0.44% | +0.90% | +1.25% |
| Change | -0.0507 | -0.0263 | - | +0.0049 | +0.0101 | +0.0139 |
| Level | Major | Minor | - | Major | Intermediate | Intermediate |
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 | 1.1138 | 1.1186 | 1.1214 | 1.1262 | 1.1290 | 1.1338 | 1.1366 |
| Camarilla | 1.1220 | 1.1227 | 1.1234 | 1.1241 | 1.1248 | 1.1255 | 1.1262 |
| Woodie | 1.1127 | 1.1181 | 1.1203 | 1.1257 | 1.1279 | 1.1333 | 1.1355 |
| Fibonacci | 1.1186 | 1.1215 | 1.1233 | 1.1262 | 1.1291 | 1.1309 | 1.1338 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 12.18 | |
| MACD (12,26,9): | -0.0027 | |
| Directional Movement: | -42.3168 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 1.1183 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1203 | |
| Elder Ray (13): | -0.0039 | |
| Super Trend (3,10): | 1.1206 | |
| Zig ZAG (10): | 1.1157 | |
| VORTEX (21): | 0.5986 | |
| Stochastique (14,3,5): | 5.29 | |
| TEMA (21): | 1.1169 | |
| Williams %R (14): | -92.39 | |
| Chande Momentum Oscillator (20): | -0.0074 | |
| Repulse (5,40,3): | -0.3275 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0282 | |
| Courbe Coppock: | 1.13 |
| MA7: | 1.1290 | |
| MA20: | 1.1335 | |
| MA50: | 1.1311 | |
| MA100: | 1.1458 | |
| MAexp7: | 1.1185 | |
| MAexp20: | 1.1217 | |
| MAexp50: | 1.1253 | |
| MAexp100: | 1.1284 | |
| Price / MA7: | -1.13% | |
| Price / MA20: | -1.53% | |
| Price / MA50: | -1.32% | |
| Price / MA100: | -2.58% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -0.49% | |
| Price / MAexp50: | -0.81% | |
| Price / MAexp100: | -1.08% |
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 27, 2022
-
EUR/USD Technical Analysis for January 27, 2022 by FXEmpire
-
EUR/USD and GBP/USD Forecast January 26, 2022
-
EUR/USD Technical Analysis for January 26, 2022 by FXEmpire
-
EUR/USD and GBP/USD Forecast January 25, 2022
This member declared not having a position on this financial instrument or a related financial instrument.
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