EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
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Type: Forex
Ticker: EURUSD
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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

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:
15 min. Daily Weekly

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

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 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:

Central Indicators

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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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:

Central Patterns

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


S2S1PriceR1R2R3
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
Standard1.02501.03251.03701.04451.04901.05651.0610
Camarilla1.03821.03931.04041.04151.04261.04371.0448
Woodie1.02351.03181.03551.04381.04751.05581.0595
Fibonacci1.03251.03711.03991.04451.04911.05191.0565


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.01571.03321.04251.06001.06931.08681.0961
Camarilla1.04451.04701.04941.05191.05441.05681.0593
Woodie1.01171.03121.03851.05801.06531.08481.0921
Fibonacci1.03321.04341.04971.06001.07021.07651.0868


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.00231.01871.04601.06241.08971.10611.1334
Camarilla1.06141.06541.06941.07341.07741.08141.0854
Woodie1.00791.02141.05161.06511.09531.10881.1390
Fibonacci1.01871.03541.04571.06241.07911.08941.1061

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 : - Real time data - Forex

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

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