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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 01/16/2023 (GMT)

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

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 1.0774 USD
My targets
1.0839 USD (+0.0014)
1.0895 USD (+0.0070)
My analysis
With a bullish background trend, the price of EUR/USD is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 1.0774 USD. A bullish break in the resistance located at 1.0839 USD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 1.0895 USD. Then 1.1561 USD by extension. It would be safer to wait for a bullish break in the resistance located at 1.0839 USD before allowing yourself to re trade long positions (at purchase) on EUR/USD. PS: if there is a bearish break in the support located at 1.0774 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
1.4

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.

Ahmadjdid
This analysis was given by Ahmadjdid. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/USD price is 1.0825 USD. On the day, this instrument lost -0.04% and was between 1.0801 USD and 1.0874 USD. This implies that the price is at +0.22% from its lowest and at -0.45% from its highest.

1.0801
1.0874
1.0825

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this EUR/USD chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 6 are neutral and 5 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0582 1.0655 1.0774 1.0825 1.0839 1.0895 1.1561
Change (%) -2.24% -1.57% -0.47% - +0.13% +0.65% +6.80%
Change -0.0243 -0.0170 -0.0051 - +0.0014 +0.0070 +0.0736
Level Minor Major Major - Intermediate Major Intermediate



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
Standard1.06951.07381.07831.08261.08711.09141.0959
Camarilla1.08051.08131.08211.08291.08371.08451.0853
Woodie1.06971.07391.07851.08271.08731.09151.0961
Fibonacci1.07381.07711.07921.08261.08591.08801.0914


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.04491.05401.06851.07761.09211.10121.1157
Camarilla1.07641.07861.08071.08291.08511.08721.0894
Woodie1.04751.05541.07111.07901.09471.10261.1183
Fibonacci1.05401.06311.06861.07761.08671.09221.1012


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.01401.02671.04831.06101.08261.09531.1169
Camarilla1.06061.06371.06691.07001.07311.07631.0794
Woodie1.01861.02891.05291.06321.08721.09751.1215
Fibonacci1.02671.03981.04791.06101.07411.08221.0953

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): 47.79
MACD (12,26,9): -0.0003
Directional Movement: -10.6413
AROON (14): -50.0000
DEMA (21): 1.0827
Parabolic SAR (0,02-0,02-0,2): 1.0849
Elder Ray (13): -0.0005
Super Trend (3,10): 1.0864
Zig ZAG (10): 1.0824
VORTEX (21): 0.9683
Stochastique (14,3,5): 27.40
TEMA (21): 1.0820
Williams %R (14): -65.75
Chande Momentum Oscillator (20): -0.0035
Repulse (5,40,3): 0.0761
ROCnROLL: 1
TRIX (15,9): -0.0002
Courbe Coppock: 0.41
MA7: 1.0771
MA20: 1.0673
MA50: 1.0521
MA100: 1.0200
MAexp7: 1.0823
MAexp20: 1.0829
MAexp50: 1.0822
MAexp100: 1.0793
Price / MA7: +0.50%
Price / MA20: +1.42%
Price / MA50: +2.89%
Price / MA100: +6.13%
Price / MAexp7: +0.02%
Price / MAexp20: -0.04%
Price / MAexp50: +0.03%
Price / MAexp100: +0.30%

Quotes : - Real time data - 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:

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

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Londinia
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