EUR/USD - 1H - Technical analysis published on 06/21/2022 (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
83%
0%
17%
My opinion
Bullish above 1.0503 USD
My targets
1.0602 USD (+0.0055)
1.0655 USD (+0.0108)
My analysis
EUR/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.0503 USD. The next resistance located at 1.0602 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.0655 USD. After this resistance, buyers could then target 1.0710 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD price is 1.0547 USD. The price registered an increase of +0.28% on the session with the lowest point at 1.0513 USD and the highest point at 1.0554 USD. The deviation from the price is +0.32% for the low point and -0.07% for the high point.1.0513
1.0554
1.0547
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
A technical analysis in 1H of this EUR/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0471 | 1.0503 | 1.0546 | 1.0547 | 1.0602 | 1.0655 | 1.0710 |
| Change (%) | -0.72% | -0.42% | -0.01% | - | +0.52% | +1.02% | +1.55% |
| Change | -0.0076 | -0.0044 | -0.0001 | - | +0.0055 | +0.0108 | +0.0163 |
| Level | Minor | Intermediate | 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 | 1.0402 | 1.0437 | 1.0477 | 1.0512 | 1.0552 | 1.0587 | 1.0627 |
| Camarilla | 1.0497 | 1.0504 | 1.0511 | 1.0518 | 1.0525 | 1.0532 | 1.0539 |
| Woodie | 1.0406 | 1.0438 | 1.0481 | 1.0513 | 1.0556 | 1.0588 | 1.0631 |
| Fibonacci | 1.0437 | 1.0465 | 1.0483 | 1.0512 | 1.0540 | 1.0558 | 1.0587 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.58 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 5.0383 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.0530 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0508 | |
| Elder Ray (13): | 0.0008 | |
| Super Trend (3,10): | 1.0546 | |
| Zig ZAG (10): | 1.0535 | |
| VORTEX (21): | 1.0246 | |
| Stochastique (14,3,5): | 71.11 | |
| TEMA (21): | 1.0531 | |
| Williams %R (14): | -8.89 | |
| Chande Momentum Oscillator (20): | 0.0029 | |
| Repulse (5,40,3): | 0.2048 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0058 | |
| Courbe Coppock: | 0.19 |
| MA7: | 1.0487 | |
| MA20: | 1.0621 | |
| MA50: | 1.0622 | |
| MA100: | 1.0874 | |
| MAexp7: | 1.0529 | |
| MAexp20: | 1.0523 | |
| MAexp50: | 1.0513 | |
| MAexp100: | 1.0506 | |
| Price / MA7: | +0.57% | |
| Price / MA20: | -0.70% | |
| Price / MA50: | -0.71% | |
| Price / MA100: | -3.01% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.23% | |
| Price / MAexp50: | +0.32% | |
| Price / MAexp100: | +0.39% |
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 USD/JPY Forecast June 21, 2022
-
EUR/USD Technical Analysis for June 21, 2022 by FXEmpire
-
Technical Analysis: 20/06/2022 - EURUSD erases last week’s gains, standing below 1.0500
-
EUR/USD and GBP/USD Forecast June 20, 2022
-
EUR/USD Technical Analysis for the Week of June 20, 2022 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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