EUR/USD - 1H - Technical analysis published on 06/10/2022 (GMT)
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- 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:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 1.0635 USD
My targets
1.0503 USD (-0.0056)
1.0378 USD (-0.0181)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/USD as long as the price remains well below 1.0635 USD. The sellers' bearish objective is set at 1.0503 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0378 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.9
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 Maciej Mazur. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD price is 1.0559 USD. On the day, this instrument lost -0.57% and was between 1.0540 USD and 1.0642 USD. This implies that the price is at +0.18% from its lowest and at -0.78% from its highest.1.0540
1.0642
1.0559
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/USD chart shows a sharp bearish trend. 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 market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
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
Pivot points : price is under support 1
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
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 | 1.0378 | 1.0503 | 1.0559 | 1.0655 | 1.0679 | 1.0709 |
| Change (%) | -1.71% | -0.53% | - | +0.91% | +1.14% | +1.42% |
| Change | -0.0181 | -0.0056 | - | +0.0096 | +0.0120 | +0.0150 |
| Level | Major | Minor | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0399 | 1.0505 | 1.0562 | 1.0668 | 1.0725 | 1.0831 | 1.0888 |
| Camarilla | 1.0574 | 1.0589 | 1.0604 | 1.0619 | 1.0634 | 1.0649 | 1.0664 |
| Woodie | 1.0375 | 1.0493 | 1.0538 | 1.0656 | 1.0701 | 1.0819 | 1.0864 |
| Fibonacci | 1.0505 | 1.0567 | 1.0606 | 1.0668 | 1.0730 | 1.0769 | 1.0831 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0475 | 1.0551 | 1.0635 | 1.0711 | 1.0795 | 1.0871 | 1.0955 |
| Camarilla | 1.0675 | 1.0690 | 1.0704 | 1.0719 | 1.0734 | 1.0748 | 1.0763 |
| Woodie | 1.0479 | 1.0553 | 1.0639 | 1.0713 | 1.0799 | 1.0873 | 1.0959 |
| Fibonacci | 1.0551 | 1.0612 | 1.0650 | 1.0711 | 1.0772 | 1.0810 | 1.0871 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0023 | 1.0187 | 1.0460 | 1.0624 | 1.0897 | 1.1061 | 1.1334 |
| Camarilla | 1.0614 | 1.0654 | 1.0694 | 1.0734 | 1.0774 | 1.0814 | 1.0854 |
| Woodie | 1.0079 | 1.0214 | 1.0516 | 1.0651 | 1.0953 | 1.1088 | 1.1390 |
| Fibonacci | 1.0187 | 1.0354 | 1.0457 | 1.0624 | 1.0791 | 1.0894 | 1.1061 |
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): | 18.33 | |
| MACD (12,26,9): | -0.0025 | |
| Directional Movement: | -26.6386 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.0587 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0617 | |
| Elder Ray (13): | -0.0038 | |
| Super Trend (3,10): | 1.0629 | |
| Zig ZAG (10): | 1.0551 | |
| VORTEX (21): | 0.7270 | |
| Stochastique (14,3,5): | 6.56 | |
| TEMA (21): | 1.0575 | |
| Williams %R (14): | -98.04 | |
| Chande Momentum Oscillator (20): | -0.0082 | |
| Repulse (5,40,3): | -0.6963 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.56 |
| MA7: | 1.0677 | |
| MA20: | 1.0654 | |
| MA50: | 1.0680 | |
| MA100: | 1.0927 | |
| MAexp7: | 1.0587 | |
| MAexp20: | 1.0619 | |
| MAexp50: | 1.0654 | |
| MAexp100: | 1.0677 | |
| Price / MA7: | -1.11% | |
| Price / MA20: | -0.89% | |
| Price / MA50: | -1.13% | |
| Price / MA100: | -3.37% | |
| Price / MAexp7: | -0.26% | |
| Price / MAexp20: | -0.57% | |
| Price / MAexp50: | -0.89% | |
| Price / MAexp100: | -1.11% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/USD at the time of the generation of this analysis was as follows:
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What USDJPY Tells US of the EURUSD and S&P 500 Break Downs
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EUR/USD and GBP/USD Forecast June 10, 2022
-
EUR/USD Technical Analysis for June 10, 2022 by FXEmpire
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S&P 500 or EURUSD: Which Breaks First?
-
EUR/USD and USD/CHF Forecast June 9, 2022
This member declared not having a position on this financial instrument or a related financial instrument.
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