EUR/USD - 1H - Technical analysis published on 05/16/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 1.0419 USD
My targets
1.0373 USD (-0.0024)
1.0351 USD (-0.0046)
My analysis
The bearish basic trend is very strong on EUR/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 1.0419 USD. Crossing the first support at 1.0373 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1.0351 USD as an objective. Caution, a return to above the resistance located at 1.0419 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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
5.4
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This analysis was given by Jaksun_2. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD rating is 1.0397 USD. The price is lower by -0.16% since the last closing and was between 1.0389 USD and 1.0417 USD. This implies that the price is at +0.08% from its lowest and at -0.19% from its highest.1.0389
1.0417
1.0397
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
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 this 1H chart of EUR/USD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 8 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
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 a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
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 | 1.0351 | 1.0373 | 1.0397 | 1.0419 | 1.0503 | 1.0525 |
| Change (%) | -0.44% | -0.23% | - | +0.21% | +1.02% | +1.23% |
| Change | -0.0046 | -0.0024 | - | +0.0022 | +0.0106 | +0.0128 |
| Level | Major | Minor | - | Intermediate | Minor | 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 | 1.0299 | 1.0325 | 1.0369 | 1.0395 | 1.0439 | 1.0465 | 1.0509 |
| Camarilla | 1.0395 | 1.0401 | 1.0408 | 1.0414 | 1.0420 | 1.0427 | 1.0433 |
| Woodie | 1.0309 | 1.0330 | 1.0379 | 1.0400 | 1.0449 | 1.0470 | 1.0519 |
| Fibonacci | 1.0325 | 1.0351 | 1.0368 | 1.0395 | 1.0421 | 1.0438 | 1.0465 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0069 | 1.0209 | 1.0312 | 1.0452 | 1.0555 | 1.0695 | 1.0798 |
| Camarilla | 1.0347 | 1.0370 | 1.0392 | 1.0414 | 1.0436 | 1.0459 | 1.0481 |
| Woodie | 1.0050 | 1.0200 | 1.0293 | 1.0443 | 1.0536 | 1.0686 | 1.0779 |
| Fibonacci | 1.0209 | 1.0302 | 1.0360 | 1.0452 | 1.0545 | 1.0603 | 1.0695 |
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): | 46.29 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -3.8195 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 1.0397 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0367 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 1.0427 | |
| Zig ZAG (10): | 1.0390 | |
| VORTEX (21): | 1.0051 | |
| Stochastique (14,3,5): | 52.45 | |
| TEMA (21): | 1.0407 | |
| Williams %R (14): | -89.29 | |
| Chande Momentum Oscillator (20): | -0.0018 | |
| Repulse (5,40,3): | -0.1312 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0020 | |
| Courbe Coppock: | 0.24 |
| MA7: | 1.0476 | |
| MA20: | 1.0588 | |
| MA50: | 1.0813 | |
| MA100: | 1.1057 | |
| MAexp7: | 1.0400 | |
| MAexp20: | 1.0401 | |
| MAexp50: | 1.0418 | |
| MAexp100: | 1.0453 | |
| Price / MA7: | -0.75% | |
| Price / MA20: | -1.80% | |
| Price / MA50: | -3.85% | |
| Price / MA100: | -5.97% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.54% |
Quotes :
-
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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EUR/USD Forecast May 16, 2022
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EUR/USD Technical Analysis for the Week of May 16, 2022 by FXEmpire
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EUR/USD Technical Analysis for May 16, 2022 by FXEmpire
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Dollar Posts Opposing Breaks with EURUSD and USDJPY, S&P 500 Tip Toes Among Bears
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EUR/USD and GBP/USD Forecast May 13, 2022
This member declared not having a position on this financial instrument or a related financial instrument.
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