EUR/USD - 1H - Technical analysis published on 09/23/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.9800 USD
My targets
0.9655 USD (-0.0055)
My analysis
EUR/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.9800 USD. The next support located at 0.9655 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5
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This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 0.9710 USD. The price is lower by -1.31% since the last closing with the lowest point at 0.9702 USD and the highest point at 0.9852 USD. The deviation from the price is +0.08% for the low point and -1.44% for the high point.0.9702
0.9852
0.9710
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:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/USD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.9710 | 0.9830 | 0.9955 | 1.0029 |
| Change (%) | - | +1.24% | +2.52% | +3.29% |
| Change | - | +0.0120 | +0.0245 | +0.0319 |
| Level | - | Intermediate | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9695 | 0.9752 | 0.9795 | 0.9852 | 0.9895 | 0.9952 | 0.9995 |
| Camarilla | 0.9812 | 0.9821 | 0.9830 | 0.9839 | 0.9848 | 0.9857 | 0.9867 |
| Woodie | 0.9689 | 0.9749 | 0.9789 | 0.9849 | 0.9889 | 0.9949 | 0.9989 |
| Fibonacci | 0.9752 | 0.9790 | 0.9814 | 0.9852 | 0.9890 | 0.9914 | 0.9952 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9655 | 0.9800 | 0.9908 | 1.0053 | 1.0161 | 1.0306 | 1.0414 |
| Camarilla | 0.9946 | 0.9970 | 0.9993 | 1.0016 | 1.0039 | 1.0062 | 1.0086 |
| Woodie | 0.9637 | 0.9791 | 0.9890 | 1.0044 | 1.0143 | 1.0297 | 1.0396 |
| Fibonacci | 0.9800 | 0.9897 | 0.9956 | 1.0053 | 1.0150 | 1.0209 | 1.0306 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9367 | 0.9633 | 0.9836 | 1.0102 | 1.0305 | 1.0571 | 1.0774 |
| Camarilla | 0.9909 | 0.9952 | 0.9995 | 1.0038 | 1.0081 | 1.0124 | 1.0167 |
| Woodie | 0.9335 | 0.9617 | 0.9804 | 1.0086 | 1.0273 | 1.0555 | 1.0742 |
| Fibonacci | 0.9633 | 0.9813 | 0.9923 | 1.0102 | 1.0282 | 1.0392 | 1.0571 |
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): | 27.71 | |
| MACD (12,26,9): | -0.0033 | |
| Directional Movement: | -27.9855 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 0.9739 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9794 | |
| Elder Ray (13): | -0.0050 | |
| Super Trend (3,10): | 0.9790 | |
| Zig ZAG (10): | 0.9718 | |
| VORTEX (21): | 0.7149 | |
| Stochastique (14,3,5): | 5.17 | |
| TEMA (21): | 0.9724 | |
| Williams %R (14): | -88.24 | |
| Chande Momentum Oscillator (20): | -0.0106 | |
| Repulse (5,40,3): | -0.3736 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0348 | |
| Courbe Coppock: | 1.95 |
| MA7: | 0.9913 | |
| MA20: | 0.9968 | |
| MA50: | 1.0081 | |
| MA100: | 1.0284 | |
| MAexp7: | 0.9739 | |
| MAexp20: | 0.9779 | |
| MAexp50: | 0.9827 | |
| MAexp100: | 0.9879 | |
| Price / MA7: | -2.05% | |
| Price / MA20: | -2.59% | |
| Price / MA50: | -3.68% | |
| Price / MA100: | -5.58% | |
| Price / MAexp7: | -0.30% | |
| Price / MAexp20: | -0.71% | |
| Price / MAexp50: | -1.19% | |
| Price / MAexp100: | -1.71% |
Quotes :
-
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:
-
EUR/USD Technical Analysis for the Week of September 26, 2022 by FXEmpire
-
EUR/USD Technical Analysis for September 26, 2022 by FXEmpire
-
EUR/USD Technical Analysis for September 23, 2022 by FXEmpire
-
EUR/USD Technical Analysis for September 22, 2022 by FXEmpire
-
EUR/USD Forecast September 21, 2022
This member declared not having a position on this financial instrument or a related financial instrument.
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