EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURUSD
ISIN:

EUR/USD - 1H - Technical analysis published on 05/16/2022 (GMT)

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  • Timeframe : 1H
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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

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 Jaksun_2. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by EUR/USD:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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:

Central Indicators

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:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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:

Central Patterns

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


S2S1PriceR1R2R3
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
Standard1.02991.03251.03691.03951.04391.04651.0509
Camarilla1.03951.04011.04081.04141.04201.04271.0433
Woodie1.03091.03301.03791.04001.04491.04701.0519
Fibonacci1.03251.03511.03681.03951.04211.04381.0465


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.00691.02091.03121.04521.05551.06951.0798
Camarilla1.03471.03701.03921.04141.04361.04591.0481
Woodie1.00501.02001.02931.04431.05361.06861.0779
Fibonacci1.02091.03021.03601.04521.05451.06031.0695


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.97121.00911.03171.06961.09221.13011.1527
Camarilla1.03761.04311.04871.05421.05981.06531.0708
Woodie0.96351.00531.02401.06581.08451.12631.1450
Fibonacci1.00911.03221.04651.06961.09271.10701.1301

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 - Forex

News


The latest news and videos published on EUR/USD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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