EUR/USD - 1H - Technical analysis published on 06/20/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.0503 USD
My targets
1.0602 USD (+0.0082)
1.0655 USD (+0.0135)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/USD as long as the price remains well above 1.0503 USD. The buyers' bullish objective is set at 1.0602 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0655 USD. If there is any crossing, the next objective would be the resistance located at 1.0711 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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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 1.0520 USD. On the day, this instrument gained +0.24% and was traded between 1.0471 USD and 1.0543 USD over the period. The price is currently at +0.47% from its lowest and -0.22% from its highest.1.0471
1.0543
1.0520
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0378 | 1.0471 | 1.0503 | 1.0520 | 1.0602 | 1.0655 | 1.0711 |
| Change (%) | -1.35% | -0.47% | -0.16% | - | +0.78% | +1.28% | +1.82% |
| Change | -0.0142 | -0.0049 | -0.0017 | - | +0.0082 | +0.0135 | +0.0191 |
| Level | Major | Minor | Intermediate | - | Intermediate | 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 | 1.0334 | 1.0389 | 1.0442 | 1.0497 | 1.0550 | 1.0605 | 1.0658 |
| Camarilla | 1.0465 | 1.0475 | 1.0485 | 1.0495 | 1.0505 | 1.0515 | 1.0525 |
| Woodie | 1.0333 | 1.0389 | 1.0441 | 1.0497 | 1.0549 | 1.0605 | 1.0657 |
| Fibonacci | 1.0389 | 1.0430 | 1.0456 | 1.0497 | 1.0538 | 1.0564 | 1.0605 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0126 | 1.0242 | 1.0369 | 1.0485 | 1.0612 | 1.0728 | 1.0855 |
| Camarilla | 1.0428 | 1.0451 | 1.0473 | 1.0495 | 1.0517 | 1.0540 | 1.0562 |
| Woodie | 1.0131 | 1.0245 | 1.0374 | 1.0488 | 1.0617 | 1.0731 | 1.0860 |
| Fibonacci | 1.0242 | 1.0335 | 1.0393 | 1.0485 | 1.0578 | 1.0636 | 1.0728 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.62 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 7.5051 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 1.0515 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0492 | |
| Elder Ray (13): | 0.0011 | |
| Super Trend (3,10): | 1.0546 | |
| Zig ZAG (10): | 1.0522 | |
| VORTEX (21): | 1.0655 | |
| Stochastique (14,3,5): | 79.50 | |
| TEMA (21): | 1.0518 | |
| Williams %R (14): | -27.78 | |
| Chande Momentum Oscillator (20): | 0.0029 | |
| Repulse (5,40,3): | 0.0137 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0024 | |
| Courbe Coppock: | 0.68 |
| MA7: | 1.0485 | |
| MA20: | 1.0632 | |
| MA50: | 1.0628 | |
| MA100: | 1.0881 | |
| MAexp7: | 1.0518 | |
| MAexp20: | 1.0507 | |
| MAexp50: | 1.0496 | |
| MAexp100: | 1.0495 | |
| Price / MA7: | +0.33% | |
| Price / MA20: | -1.05% | |
| Price / MA50: | -1.02% | |
| Price / MA100: | -3.32% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.24% |
Quotes :
-
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:
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EUR/USD and GBP/USD Forecast June 20, 2022
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EUR/USD Technical Analysis for the Week of June 20, 2022 by FXEmpire
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EUR/USD Technical Analysis for June 20, 2022 by FXEmpire
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EUR/USD and GBP/USD Forecast June 17, 2022
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EUR/USD Technical Analysis for June 17, 2022 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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