EUR/USD - 1H - Technical analysis published on 06/14/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 1.0503 USD
My targets
1.0418 USD (-0.0045)
1.0378 USD (-0.0085)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.0503 USD remains possible. It is advisable to trade EUR/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.0503 USD. The next bearish objective for sellers is set at 1.0418 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0378 USD. PS: if there is a bullish break in the resistance located at 1.0503 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.4
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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 rating is 1.0463 USD. On the day, this instrument gained +0.46% and was traded between 1.0397 USD and 1.0467 USD over the period. The price is currently at +0.63% from its lowest and -0.04% from its highest.1.0397
1.0467
1.0463
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/USD indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|
ProTrendLines | 1.0378 | 1.0418 | 1.0463 | 1.0503 | 1.0655 | 1.0710 |
Change (%) | -0.81% | -0.43% | - | +0.38% | +1.84% | +2.36% |
Change | -0.0085 | -0.0045 | - | +0.0040 | +0.0192 | +0.0247 |
Level | Major | Minor | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0250 | 1.0325 | 1.0370 | 1.0445 | 1.0490 | 1.0565 | 1.0610 |
Camarilla | 1.0382 | 1.0393 | 1.0404 | 1.0415 | 1.0426 | 1.0437 | 1.0448 |
Woodie | 1.0235 | 1.0318 | 1.0355 | 1.0438 | 1.0475 | 1.0558 | 1.0595 |
Fibonacci | 1.0325 | 1.0371 | 1.0399 | 1.0445 | 1.0491 | 1.0519 | 1.0565 |
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): | 53.33 | |
MACD (12,26,9): | -0.0013 | |
Directional Movement: | -0.0622 | |
AROON (14): | -57.1429 | |
DEMA (21): | 1.0415 | |
Parabolic SAR (0,02-0,02-0,2): | 1.0400 | |
Elder Ray (13): | 0.0015 | |
Super Trend (3,10): | 1.0470 | |
Zig ZAG (10): | 1.0454 | |
VORTEX (21): | 0.9538 | |
Stochastique (14,3,5): | 77.39 | |
TEMA (21): | 1.0429 | |
Williams %R (14): | -1.69 | |
Chande Momentum Oscillator (20): | 0.0047 | |
Repulse (5,40,3): | 0.3563 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.0294 | |
Courbe Coppock: | 0.05 |
MA7: | 1.0588 | |
MA20: | 1.0646 | |
MA50: | 1.0659 | |
MA100: | 1.0909 | |
MAexp7: | 1.0436 | |
MAexp20: | 1.0437 | |
MAexp50: | 1.0484 | |
MAexp100: | 1.0547 | |
Price / MA7: | -1.18% | |
Price / MA20: | -1.72% | |
Price / MA50: | -1.84% | |
Price / MA100: | -4.09% | |
Price / MAexp7: | +0.25% | |
Price / MAexp20: | +0.24% | |
Price / MAexp50: | -0.21% | |
Price / MAexp100: | -0.81% |
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:
- EUR/USD and GBP/USD Forecast June 14, 2022
- EUR/USD Technical Analysis for June 14, 2022 by FXEmpire
- EUR/USD and GBP/USD Forecast June 13, 2022
- EUR/USD Technical Analysis for the Week of June 13, 2022 by FXEmpire
- EUR/USD Technical Analysis for June 13, 2022 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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