EUR/USD - 1H - Technical analysis published on 12/05/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1.0497 USD
My targets
1.0623 USD (+0.0080)
1.0655 USD (+0.0112)
My analysis
The bullish trend is currently very strong on EUR/USD. As long as the price remains above the support at 1.0497 USD, you could try to benefit from the boom. The first bullish objective is located at 1.0623 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.0655 USD as an objective. Crossing it would then enable buyers to target 1.0774 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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Additional analysis
Quotes
EUR/USD rating 1.0543 USD. On the day, this instrument lost -0.01% and was traded between 1.0539 USD and 1.0548 USD over the period. The price is currently at +0.04% from its lowest and -0.05% from its highest.1.0539
1.0548
1.0543
Here is a more detailed summary of the historical variations registered by EUR/USD:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/USD in 1H shows a strongly overall bullish trend. 92.86% 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 scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.0378 | 1.0429 | 1.0497 | 1.0543 | 1.0545 | 1.0655 | 1.0774 |
Change (%) | -1.57% | -1.08% | -0.44% | - | +0.02% | +1.06% | +2.19% |
Change | -0.0165 | -0.0114 | -0.0046 | - | +0.0002 | +0.0112 | +0.0231 |
Level | Minor | Major | Minor | - | Intermediate | Major | Major |
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 |
---|---|---|---|---|---|---|---|
Standard | 1.0507 | 1.0515 | 1.0529 | 1.0537 | 1.0551 | 1.0559 | 1.0573 |
Camarilla | 1.0538 | 1.0540 | 1.0542 | 1.0544 | 1.0546 | 1.0548 | 1.0550 |
Woodie | 1.0511 | 1.0517 | 1.0533 | 1.0539 | 1.0555 | 1.0561 | 1.0577 |
Fibonacci | 1.0515 | 1.0523 | 1.0528 | 1.0537 | 1.0545 | 1.0550 | 1.0559 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0113 | 1.0202 | 1.0368 | 1.0457 | 1.0623 | 1.0712 | 1.0878 |
Camarilla | 1.0465 | 1.0488 | 1.0512 | 1.0535 | 1.0558 | 1.0582 | 1.0605 |
Woodie | 1.0153 | 1.0221 | 1.0408 | 1.0476 | 1.0663 | 1.0731 | 1.0918 |
Fibonacci | 1.0202 | 1.0299 | 1.0359 | 1.0457 | 1.0554 | 1.0614 | 1.0712 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.9169 | 0.9450 | 0.9936 | 1.0217 | 1.0703 | 1.0984 | 1.1470 |
Camarilla | 1.0212 | 1.0282 | 1.0353 | 1.0423 | 1.0493 | 1.0564 | 1.0634 |
Woodie | 0.9273 | 0.9501 | 1.0040 | 1.0268 | 1.0807 | 1.1035 | 1.1574 |
Fibonacci | 0.9450 | 0.9743 | 0.9924 | 1.0217 | 1.0510 | 1.0691 | 1.0984 |
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): | 60.79 | |
MACD (12,26,9): | 0.0012 | |
Directional Movement: | 0.9329 | |
AROON (14): | 85.7143 | |
DEMA (21): | 1.0540 | |
Parabolic SAR (0,02-0,02-0,2): | 1.0460 | |
Elder Ray (13): | 0.0014 | |
Super Trend (3,10): | 1.0557 | |
Zig ZAG (10): | 1.0544 | |
VORTEX (21): | 1.0434 | |
Stochastique (14,3,5): | 97.18 | |
TEMA (21): | 1.0536 | |
Williams %R (14): | -4.17 | |
Chande Momentum Oscillator (20): | 0.0081 | |
Repulse (5,40,3): | 0.1362 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0144 | |
Courbe Coppock: | 0.31 |
MA7: | 1.0463 | |
MA20: | 1.0367 | |
MA50: | 1.0058 | |
MA100: | 1.0058 | |
MAexp7: | 1.0536 | |
MAexp20: | 1.0524 | |
MAexp50: | 1.0493 | |
MAexp100: | 1.0454 | |
Price / MA7: | +0.76% | |
Price / MA20: | +1.70% | |
Price / MA50: | +4.82% | |
Price / MA100: | +4.82% | |
Price / MAexp7: | +0.07% | |
Price / MAexp20: | +0.18% | |
Price / MAexp50: | +0.48% | |
Price / MAexp100: | +0.85% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on EUR/USD at the time of the analysis were as follows:
- EUR/USD Forecast December 5, 2022
- EUR/USD Technical Analysis for the Week of December 05, 2022 by FXEmpire
- EUR/USD Technical Analysis for December 05, 2022 by FXEmpire
- EUR/USD Technical Analysis for December 02, 2022 by FXEmpire
- EURUSD Reverses from 1.0500 Again as Fed and ECB Will Both Escalate Signaling
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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