EUR/USD - 1H - Technical analysis published on 06/13/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
44%
17%
My opinion
Bearish under 1.0503 USD
My targets
1.0378 USD (-0.0062)
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 1.0503 USD. The next support located at 1.0378 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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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 1.0440 USD. The price is lower by -0.75% since the last closing and was traded between 1.0418 USD and 1.0520 USD over the period. The price is currently at +0.21% from its lowest and -0.76% from its highest.1.0418
1.0520
1.0440
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. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
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
MACD indicator: bullish divergence
Type : Bullish
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
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.0378 | 1.0440 | 1.0503 | 1.0655 | 1.0710 |
| Change (%) | -0.59% | - | +0.60% | +2.06% | +2.59% |
| Change | -0.0062 | - | +0.0063 | +0.0215 | +0.0270 |
| Level | Intermediate | - | Intermediate | Major | Intermediate |
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 | 1.0333 | 1.0420 | 1.0469 | 1.0556 | 1.0605 | 1.0692 | 1.0741 |
| Camarilla | 1.0482 | 1.0494 | 1.0507 | 1.0519 | 1.0532 | 1.0544 | 1.0556 |
| Woodie | 1.0315 | 1.0411 | 1.0451 | 1.0547 | 1.0587 | 1.0683 | 1.0723 |
| Fibonacci | 1.0420 | 1.0472 | 1.0504 | 1.0556 | 1.0608 | 1.0640 | 1.0692 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0157 | 1.0332 | 1.0425 | 1.0600 | 1.0693 | 1.0868 | 1.0961 |
| Camarilla | 1.0445 | 1.0470 | 1.0494 | 1.0519 | 1.0544 | 1.0568 | 1.0593 |
| Woodie | 1.0117 | 1.0312 | 1.0385 | 1.0580 | 1.0653 | 1.0848 | 1.0921 |
| Fibonacci | 1.0332 | 1.0434 | 1.0497 | 1.0600 | 1.0702 | 1.0765 | 1.0868 |
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): | 30.53 | |
| MACD (12,26,9): | -0.0031 | |
| Directional Movement: | -25.4562 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 1.0430 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0460 | |
| Elder Ray (13): | -0.0022 | |
| Super Trend (3,10): | 1.0490 | |
| Zig ZAG (10): | 1.0437 | |
| VORTEX (21): | 0.7790 | |
| Stochastique (14,3,5): | 17.52 | |
| TEMA (21): | 1.0431 | |
| Williams %R (14): | -74.36 | |
| Chande Momentum Oscillator (20): | -0.0052 | |
| Repulse (5,40,3): | -0.0728 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0427 | |
| Courbe Coppock: | 0.95 |
| MA7: | 1.0629 | |
| MA20: | 1.0652 | |
| MA50: | 1.0668 | |
| MA100: | 1.0918 | |
| MAexp7: | 1.0444 | |
| MAexp20: | 1.0472 | |
| MAexp50: | 1.0532 | |
| MAexp100: | 1.0591 | |
| Price / MA7: | -1.78% | |
| Price / MA20: | -1.99% | |
| Price / MA50: | -2.14% | |
| Price / MA100: | -4.38% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.31% | |
| Price / MAexp50: | -0.87% | |
| Price / MAexp100: | -1.43% |
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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