EUR/USD - 1H - Technical analysis published on 06/15/2022 (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
44%
17%
39%
My opinion
Bearish under 1.0503 USD
My targets
1.0378 USD (-0.0070)
My analysis
The basic trend is bearish on EUR/USD and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 1.0503 USD. Buyers would then use the next resistance located at 1.0600 USD as an objective. Crossing it would then enable buyers to target 1.0655 USD. If there is a return to below the support located at 1.0378 USD, this would be a sign of a reversal in the basic bearish trend.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.5
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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 1.0448 USD. The price has increased by +0.11% since the last closing and was traded between 1.0424 USD and 1.0508 USD over the period. The price is currently at +0.23% from its lowest and -0.57% from its highest.1.0424
1.0508
1.0448
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. 64.29% 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. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.0378 | 1.0448 | 1.0503 | 1.0655 | 1.0710 |
| Change (%) | -0.67% | - | +0.53% | +1.98% | +2.51% |
| Change | -0.0070 | - | +0.0055 | +0.0207 | +0.0262 |
| Level | Major | - | 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 | 1.0306 | 1.0352 | 1.0394 | 1.0440 | 1.0482 | 1.0528 | 1.0570 |
| Camarilla | 1.0413 | 1.0421 | 1.0429 | 1.0437 | 1.0445 | 1.0453 | 1.0461 |
| Woodie | 1.0305 | 1.0351 | 1.0393 | 1.0439 | 1.0481 | 1.0527 | 1.0569 |
| Fibonacci | 1.0352 | 1.0385 | 1.0406 | 1.0440 | 1.0473 | 1.0494 | 1.0528 |
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): | 52.58 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 6.0063 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 1.0465 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0443 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 1.0409 | |
| Zig ZAG (10): | 1.0458 | |
| VORTEX (21): | 1.1085 | |
| Stochastique (14,3,5): | 52.66 | |
| TEMA (21): | 1.0479 | |
| Williams %R (14): | -63.10 | |
| Chande Momentum Oscillator (20): | 0.0020 | |
| Repulse (5,40,3): | -0.1810 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0106 | |
| Courbe Coppock: | 0.92 |
| MA7: | 1.0551 | |
| MA20: | 1.0645 | |
| MA50: | 1.0650 | |
| MA100: | 1.0901 | |
| MAexp7: | 1.0465 | |
| MAexp20: | 1.0455 | |
| MAexp50: | 1.0459 | |
| MAexp100: | 1.0502 | |
| Price / MA7: | -0.98% | |
| Price / MA20: | -1.85% | |
| Price / MA50: | -1.90% | |
| Price / MA100: | -4.16% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.51% |
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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EUR/USD and GBP/USD Forecast June 15, 2022
-
EUR/USD Technical Analysis for June 15, 2022 by FXEmpire
-
EUR/USD and GBP/USD Forecast June 14, 2022
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EUR/USD Technical Analysis for June 14, 2022 by FXEmpire
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EUR/USD and GBP/USD Forecast June 13, 2022
This member declared not having a position on this financial instrument or a related financial instrument.
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