EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
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Type: Forex
Ticker: EURUSD
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EUR/USD - 1H - Technical analysis published on 08/09/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.0194 USD
My targets
1.0254 USD (+0.0027)
1.0275 USD (+0.0048)
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 1.0194 USD. The buyers' bullish objective is set at 1.0254 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0275 USD. If there is any crossing, the next objective would be the resistance located at 1.0294 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
7.7

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:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/USD rating is 1.0227 USD. On the day, this instrument gained +0.28% with the lowest point at 1.0189 USD and the highest point at 1.0248 USD. The deviation from the price is +0.37% for the low point and -0.20% for the high point.

1.0189
1.0248
1.0227

Here is a more detailed summary of the historical variations registered by EUR/USD:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this EUR/USD chart shows a strongly bullish trend. 82.14% 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 is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour



The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

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


S3S2S1PriceR1R2R3
ProTrendLines 1.0159 1.0194 1.0222 1.0227 1.0254 1.0275 1.0294
Change (%) -0.66% -0.32% -0.05% - +0.26% +0.47% +0.66%
Change -0.0068 -0.0033 -0.0005 - +0.0027 +0.0048 +0.0067
Level Intermediate Minor Minor - Major Minor Minor



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
Standard1.01011.01301.01641.01931.02271.02561.0290
Camarilla1.01811.01871.01921.01981.02041.02101.0215
Woodie1.01041.01311.01671.01941.02301.02571.0293
Fibonacci1.01301.01541.01691.01931.02171.02321.0256


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.99331.00281.01041.01991.02751.03701.0446
Camarilla1.01331.01491.01641.01801.01961.02111.0227
Woodie0.99241.00231.00951.01941.02661.03651.0437
Fibonacci1.00281.00931.01341.01991.02641.03051.0370


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.94320.96920.99591.02191.04861.07461.1013
Camarilla1.00811.01291.01781.02261.02741.03231.0371
Woodie0.94360.96940.99631.02211.04901.07481.1017
Fibonacci0.96920.98931.00181.02191.04201.05451.0746

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): 62.79
MACD (12,26,9): 0.0009
Directional Movement: 16.6023
AROON (14): 64.2857
DEMA (21): 1.0219
Parabolic SAR (0,02-0,02-0,2): 1.0205
Elder Ray (13): 0.0012
Super Trend (3,10): 1.0198
Zig ZAG (10): 1.0229
VORTEX (21): 1.1008
Stochastique (14,3,5): 70.62
TEMA (21): 1.0227
Williams %R (14): -32.20
Chande Momentum Oscillator (20): 0.0032
Repulse (5,40,3): 0.0868
ROCnROLL: 1
TRIX (15,9): 0.0071
Courbe Coppock: 0.51
MA7: 1.0204
MA20: 1.0177
MA50: 1.0354
MA100: 1.0546
MAexp7: 1.0222
MAexp20: 1.0209
MAexp50: 1.0202
MAexp100: 1.0200
Price / MA7: +0.23%
Price / MA20: +0.49%
Price / MA50: -1.23%
Price / MA100: -3.02%
Price / MAexp7: +0.06%
Price / MAexp20: +0.19%
Price / MAexp50: +0.25%
Price / MAexp100: +0.27%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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