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:
Bullish
Underlying:
Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 1.0503 USD
My targets
1.0418 USD (-0.0064)
1.0378 USD (-0.0104)
My analysis
In a bearish trend, the price of EUR/USD tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 1.0503 USD. A bearish break in the support located at 1.0418 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 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.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0
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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 1.0482 USD. On the day, this instrument gained +0.64% and was traded between 1.0397 USD and 1.0485 USD over the period. The price is currently at +0.82% from its lowest and -0.03% from its highest.1.0397
1.0485
1.0482
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
A technical analysis in 1H of this EUR/USD chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.0378 | 1.0418 | 1.0482 | 1.0503 | 1.0655 | 1.0710 |
| Change (%) | -0.99% | -0.61% | - | +0.20% | +1.65% | +2.18% |
| Change | -0.0104 | -0.0064 | - | +0.0021 | +0.0173 | +0.0228 |
| 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): | 58.93 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | 6.3748 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.0425 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0404 | |
| Elder Ray (13): | 0.0031 | |
| Super Trend (3,10): | 1.0407 | |
| Zig ZAG (10): | 1.0473 | |
| VORTEX (21): | 1.0389 | |
| Stochastique (14,3,5): | 83.30 | |
| TEMA (21): | 1.0443 | |
| Williams %R (14): | -7.59 | |
| Chande Momentum Oscillator (20): | 0.0061 | |
| Repulse (5,40,3): | 0.2777 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0259 | |
| Courbe Coppock: | 0.21 |
| MA7: | 1.0591 | |
| MA20: | 1.0647 | |
| MA50: | 1.0659 | |
| MA100: | 1.0909 | |
| MAexp7: | 1.0448 | |
| MAexp20: | 1.0442 | |
| MAexp50: | 1.0484 | |
| MAexp100: | 1.0546 | |
| Price / MA7: | -1.03% | |
| Price / MA20: | -1.55% | |
| Price / MA50: | -1.66% | |
| Price / MA100: | -3.91% | |
| Price / MAexp7: | +0.33% | |
| Price / MAexp20: | +0.38% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | -0.61% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on EUR/USD. At the time of publication of this analysis, the latest news was 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.
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