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EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURUSD
ISIN:

EUR/USD - 1H - Technical analysis published on 10/03/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 0.9735 USD
My targets
0.9853 USD (+0.0052)
0.9909 USD (+0.0108)
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 0.9735 USD. The buyers' bullish objective is set at 0.9853 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9909 USD. If there is any crossing, the next objective would be the resistance located at 1.0029 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.4

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.

Maciej Mazur
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 price is 0.9801 USD. The price registered a decrease of -0.01% on the session and was between 0.9753 USD and 0.9835 USD. This implies that the price is at +0.49% from its lowest and at -0.35% from its highest.

0.9753
0.9835
0.9801

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this EUR/USD chart shows a strongly bullish trend. 89.29% 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 market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Central Indicators

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.9552 0.9671 0.9735 0.9801 0.9810 0.9853 0.9909
Change (%) -2.54% -1.33% -0.67% - +0.09% +0.53% +1.10%
Change -0.0249 -0.0130 -0.0066 - +0.0009 +0.0052 +0.0108
Level Intermediate Minor Intermediate - Intermediate Intermediate Minor



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
Standard0.96210.96780.97400.97970.98590.99160.9978
Camarilla0.97690.97800.97910.98020.98130.98240.9835
Woodie0.96240.96790.97430.97980.98620.99170.9981
Fibonacci0.96780.97240.97520.97970.98430.98710.9916


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.92890.94130.96070.97310.99251.00491.0243
Camarilla0.97150.97440.97730.98020.98310.98600.9890
Woodie0.93250.94310.96430.97490.99611.00671.0279
Fibonacci0.94130.95340.96090.97310.98520.99271.0049


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.88310.91830.94930.98451.01551.05071.0817
Camarilla0.96200.96810.97410.98020.98630.99230.9984
Woodie0.88090.91730.94710.98351.01331.04971.0795
Fibonacci0.91830.94360.95920.98451.00981.02541.0507

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): 53.27
MACD (12,26,9): -0.0002
Directional Movement: 1.8371
AROON (14): -28.5714
DEMA (21): 0.9790
Parabolic SAR (0,02-0,02-0,2): 0.9827
Elder Ray (13): -0.0002
Super Trend (3,10): 0.9846
Zig ZAG (10): 0.9807
VORTEX (21): 0.9572
Stochastique (14,3,5): 32.93
TEMA (21): 0.9779
Williams %R (14): -36.59
Chande Momentum Oscillator (20): -0.0008
Repulse (5,40,3): 0.3675
ROCnROLL: 1
TRIX (15,9): 0.0008
Courbe Coppock: 0.39
MA7: 0.9721
MA20: 0.9888
MA50: 1.0023
MA100: 1.0239
MAexp7: 0.9786
MAexp20: 0.9790
MAexp50: 0.9777
MAexp100: 0.9755
Price / MA7: +0.82%
Price / MA20: -0.88%
Price / MA50: -2.21%
Price / MA100: -4.28%
Price / MAexp7: +0.15%
Price / MAexp20: +0.11%
Price / MAexp50: +0.25%
Price / MAexp100: +0.47%

Quotes : - Real time data - Forex

News


The latest news and videos published on EUR/USD at the time of the analysis were as follows:

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

About author

Londinia
Londinia AI

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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…

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