EUR/USD - 1H - Technical analysis published on 05/12/2022 (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%
72%
17%
My opinion
Bearish under 1.0491 USD
My targets
1.0397 USD (-0.0067)
1.0312 USD (-0.0152)
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 1.0491 USD. The next support located at 1.0397 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 1.0312 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8
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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
The EUR/USD price is 1.0464 USD. The price is lower by -0.46% since the last closing and was traded between 1.0443 USD and 1.0530 USD over the period. The price is currently at +0.20% from its lowest and -0.63% from its highest.1.0443
1.0530
1.0464
A study of price movements over other periods shows the following variations:
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 this 1H chart of EUR/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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
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 bearish signal that could support the hypothesis of a small drop in the very short term:
Long black line
Type : Bearish
Timeframe : 1 hour
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 1.0464 | 1.0491 | 1.0503 | 1.0525 |
| Change (%) | - | +0.26% | +0.37% | +0.58% |
| Change | - | +0.0027 | +0.0039 | +0.0061 |
| Level | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0409 | 1.0455 | 1.0484 | 1.0530 | 1.0559 | 1.0605 | 1.0634 |
| Camarilla | 1.0491 | 1.0498 | 1.0505 | 1.0512 | 1.0519 | 1.0526 | 1.0533 |
| Woodie | 1.0400 | 1.0451 | 1.0475 | 1.0526 | 1.0550 | 1.0601 | 1.0625 |
| Fibonacci | 1.0455 | 1.0484 | 1.0502 | 1.0530 | 1.0559 | 1.0577 | 1.0605 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 29.94 | |
| MACD (12,26,9): | -0.0011 | |
| Directional Movement: | -29.0665 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 1.0504 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0551 | |
| Elder Ray (13): | -0.0036 | |
| Super Trend (3,10): | 1.0539 | |
| Zig ZAG (10): | 1.0465 | |
| VORTEX (21): | 0.7778 | |
| Stochastique (14,3,5): | 19.11 | |
| TEMA (21): | 1.0496 | |
| Williams %R (14): | -74.19 | |
| Chande Momentum Oscillator (20): | -0.0048 | |
| Repulse (5,40,3): | -0.4021 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0106 | |
| Courbe Coppock: | 0.53 |
| MA7: | 1.0539 | |
| MA20: | 1.0631 | |
| MA50: | 1.0835 | |
| MA100: | 1.1076 | |
| MAexp7: | 1.0500 | |
| MAexp20: | 1.0516 | |
| MAexp50: | 1.0530 | |
| MAexp100: | 1.0537 | |
| Price / MA7: | -0.71% | |
| Price / MA20: | -1.57% | |
| Price / MA50: | -3.42% | |
| Price / MA100: | -5.53% | |
| Price / MAexp7: | -0.34% | |
| Price / MAexp20: | -0.49% | |
| Price / MAexp50: | -0.63% | |
| Price / MAexp100: | -0.69% |
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:
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S&P 500 Nears Official Bear Market, EURUSD Breakout Overdue
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EUR/USD and GBP/USD Forecast May 12, 2022
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EUR/USD Technical Analysis for May 12, 2022 by FXEmpire
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EUR/USD and USD/JPY Forecast May 11, 2022
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EUR/USD Technical Analysis for May 11, 2022 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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