EUR/USD - 1H - Technical analysis published on 06/17/2022 (GMT)
- 194
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 1.0503 USD
My targets
1.0425 USD (-0.0049)
1.0378 USD (-0.0096)
My analysis
The strong short-term decline of EUR/USD reinforces the current slightly bearish trend. As long as the price remains below 1.0503 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 1.0425 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.0378 USD as an objective. A return to above 1.0503 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.4
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:
Additional analysis
Quotes
The EUR/USD rating is 1.0474 USD. The price registered a decrease of -0.69% on the session and was traded between 1.0466 USD and 1.0552 USD over the period. The price is currently at +0.08% from its lowest and -0.74% from its highest.1.0466
1.0552
1.0474
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 slightly bearish. 53.57% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.0378 | 1.0471 | 1.0474 | 1.0503 | 1.0611 | 1.0655 |
| Change (%) | -0.92% | -0.03% | - | +0.28% | +1.31% | +1.73% |
| Change | -0.0096 | -0.0003 | - | +0.0029 | +0.0137 | +0.0181 |
| Level | Major | Intermediate | - | Intermediate | Minor | Major |
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 | 1.0197 | 1.0289 | 1.0418 | 1.0510 | 1.0639 | 1.0731 | 1.0860 |
| Camarilla | 1.0486 | 1.0507 | 1.0527 | 1.0547 | 1.0567 | 1.0588 | 1.0608 |
| Woodie | 1.0216 | 1.0298 | 1.0437 | 1.0519 | 1.0658 | 1.0740 | 1.0879 |
| Fibonacci | 1.0289 | 1.0373 | 1.0426 | 1.0510 | 1.0594 | 1.0647 | 1.0731 |
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): | 41.00 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -6.2850 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 1.0511 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0533 | |
| Elder Ray (13): | -0.0027 | |
| Super Trend (3,10): | 1.0467 | |
| Zig ZAG (10): | 1.0472 | |
| VORTEX (21): | 0.7977 | |
| Stochastique (14,3,5): | 15.64 | |
| TEMA (21): | 1.0496 | |
| Williams %R (14): | -90.91 | |
| Chande Momentum Oscillator (20): | -0.0055 | |
| Repulse (5,40,3): | -0.3081 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0150 | |
| Courbe Coppock: | 0.93 |
| MA7: | 1.0495 | |
| MA20: | 1.0639 | |
| MA50: | 1.0635 | |
| MA100: | 1.0888 | |
| MAexp7: | 1.0494 | |
| MAexp20: | 1.0505 | |
| MAexp50: | 1.0490 | |
| MAexp100: | 1.0492 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | -1.55% | |
| Price / MA50: | -1.51% | |
| Price / MA100: | -3.80% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -0.30% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.18% |
Quotes :
-
Real time data
-
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 Technical Analysis for June 20, 2022 by FXEmpire
-
EUR/USD and GBP/USD Forecast June 17, 2022
-
EUR/USD Technical Analysis for June 17, 2022 by FXEmpire
-
EUR/USD Technical Analysis for June 16, 2022 by FXEmpire
-
EUR/USD and GBP/USD Forecast June 15, 2022
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis EUR/USD - 1H