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
22%
56%
22%
My opinion
Bearish under 1.1211 USD
My targets
1.1150 USD (-0.0012)
1.1105 USD (-0.0057)
My analysis
The bearish trend is currently very strong for EUR/USD. As long as the price remains below the resistance at 1.1211 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.1150 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.1105 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.1
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Additional analysis
Quotes
The EUR/USD rating is 1.1162 USD. The price is lower by -0.70% since the last closing 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
Here is a more detailed summary of the historical variations registered by EUR/USD:
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 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. The overall trend is supported 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.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or 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
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 these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 12.26 | |
| MACD (12,26,9): | -0.0029 | |
| Directional Movement: | -39.8025 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 1.1176 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1193 | |
| Elder Ray (13): | -0.0039 | |
| Super Trend (3,10): | 1.1200 | |
| Zig ZAG (10): | 1.1159 | |
| VORTEX (21): | 0.5758 | |
| Stochastique (14,3,5): | 6.88 | |
| TEMA (21): | 1.1162 | |
| Williams %R (14): | -91.30 | |
| Chande Momentum Oscillator (20): | -0.0073 | |
| Repulse (5,40,3): | -0.1984 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.18 |
| MA7: | 1.1290 | |
| MA20: | 1.1335 | |
| MA50: | 1.1311 | |
| MA100: | 1.1458 | |
| MAexp7: | 1.1179 | |
| MAexp20: | 1.1212 | |
| MAexp50: | 1.1250 | |
| MAexp100: | 1.1281 | |
| Price / MA7: | -1.13% | |
| Price / MA20: | -1.53% | |
| Price / MA50: | -1.32% | |
| Price / MA100: | -2.58% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.45% | |
| Price / MAexp50: | -0.78% | |
| Price / MAexp100: | -1.05% |
Quotes :
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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:
-
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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