EUR/USD - 1H - Technical analysis published on 05/11/2022 (GMT)
- 133
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 1.0551 USD
My targets
1.0503 USD (-0.0012)
1.0491 USD (-0.0024)
My analysis
In the short term, we can see an acceleration in the bearish trend on EUR/USD, which is a positive signal for sellers. As long as the price remains above 1.0551 USD, a sale could be considered. The first bearish objective is located at 1.0503 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.0491 USD as an objective. If the price were to return above 1.0551 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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 Goose1971. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD rating is 1.0515 USD. The price is lower by -0.13% since the last closing with the lowest point at 1.0502 USD and the highest point at 1.0577 USD. The deviation from the price is +0.12% for the low point and -0.59% for the high point.1.0502
1.0577
1.0515
Here is a more detailed summary of the historical variations registered by EUR/USD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/USD in 1H shows an overall bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.0491 | 1.0503 | 1.0515 | 1.0525 | 1.0551 | 1.0593 |
| Change (%) | -0.23% | -0.11% | - | +0.10% | +0.34% | +0.74% |
| Change | -0.0024 | -0.0012 | - | +0.0010 | +0.0036 | +0.0078 |
| Level | Intermediate | Major | - | Minor | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0446 | 1.0486 | 1.0507 | 1.0547 | 1.0568 | 1.0608 | 1.0629 |
| Camarilla | 1.0512 | 1.0518 | 1.0523 | 1.0529 | 1.0535 | 1.0540 | 1.0546 |
| Woodie | 1.0438 | 1.0481 | 1.0499 | 1.0542 | 1.0560 | 1.0603 | 1.0621 |
| Fibonacci | 1.0486 | 1.0509 | 1.0523 | 1.0547 | 1.0570 | 1.0584 | 1.0608 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0312 | 1.0397 | 1.0471 | 1.0556 | 1.0630 | 1.0715 | 1.0789 |
| Camarilla | 1.0500 | 1.0515 | 1.0529 | 1.0544 | 1.0559 | 1.0573 | 1.0588 |
| Woodie | 1.0306 | 1.0394 | 1.0465 | 1.0553 | 1.0624 | 1.0712 | 1.0783 |
| Fibonacci | 1.0397 | 1.0458 | 1.0496 | 1.0556 | 1.0617 | 1.0655 | 1.0715 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9712 | 1.0091 | 1.0317 | 1.0696 | 1.0922 | 1.1301 | 1.1527 |
| Camarilla | 1.0376 | 1.0431 | 1.0487 | 1.0542 | 1.0598 | 1.0653 | 1.0708 |
| Woodie | 0.9635 | 1.0053 | 1.0240 | 1.0658 | 1.0845 | 1.1263 | 1.1450 |
| Fibonacci | 1.0091 | 1.0322 | 1.0465 | 1.0696 | 1.0927 | 1.1070 | 1.1301 |
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): | 41.61 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -9.6571 | |
| AROON (14): | 7.1429 | |
| DEMA (21): | 1.0529 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0511 | |
| Elder Ray (13): | -0.0017 | |
| Super Trend (3,10): | 1.0572 | |
| Zig ZAG (10): | 1.0514 | |
| VORTEX (21): | 0.9612 | |
| Stochastique (14,3,5): | 24.89 | |
| TEMA (21): | 1.0525 | |
| Williams %R (14): | -82.67 | |
| Chande Momentum Oscillator (20): | -0.0053 | |
| Repulse (5,40,3): | -0.1912 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0033 | |
| Courbe Coppock: | 0.32 |
| MA7: | 1.0548 | |
| MA20: | 1.0650 | |
| MA50: | 1.0847 | |
| MA100: | 1.1085 | |
| MAexp7: | 1.0526 | |
| MAexp20: | 1.0535 | |
| MAexp50: | 1.0541 | |
| MAexp100: | 1.0543 | |
| Price / MA7: | -0.31% | |
| Price / MA20: | -1.27% | |
| Price / MA50: | -3.06% | |
| Price / MA100: | -5.14% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -0.27% |
Quotes :
-
Real time data
-
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 May 12, 2022
-
EUR/USD Technical Analysis for May 12, 2022 by FXEmpire
-
EUR/USD and USD/JPY Forecast May 11, 2022
-
EUR/USD Technical Analysis for May 11, 2022 by FXEmpire
-
EUR/USD Technical Analysis for May 10, 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