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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
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EUR/USD - 1H - Technical analysis published on 01/18/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.0838 USD
My targets
1.0899 USD (+0.0024)
1.1012 USD (+0.0137)
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 1.0838 USD. The buyers' bullish objective is set at 1.0899 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1012 USD. If there is any crossing, the next objective would be the resistance located at 1.1561 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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5

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.

Simon1
This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/USD rating is 1.0875 USD. The price registered an increase of +0.80% on the session with the lowest point at 1.0766 USD and the highest point at 1.0884 USD. The deviation from the price is +1.01% for the low point and -0.08% for the high point.

1.0766
1.0884
1.0875

Here is a more detailed summary of the historical variations registered by EUR/USD:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour



In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour



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

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0774 1.0807 1.0838 1.0875 1.0899 1.1561 1.1950
Change (%) -0.93% -0.63% -0.34% - +0.22% +6.31% +9.89%
Change -0.0101 -0.0068 -0.0037 - +0.0024 +0.0686 +0.1075
Level Major Minor Minor - Intermediate Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.06561.07151.07521.08111.08481.09071.0944
Camarilla1.07631.07711.07801.07891.07981.08071.0815
Woodie1.06451.07101.07411.08061.08371.09021.0933
Fibonacci1.07151.07521.07741.08111.08481.08701.0907


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): 58.97
MACD (12,26,9): 0.0010
Directional Movement: 13.8880
AROON (14): 50.0000
DEMA (21): 1.0832
Parabolic SAR (0,02-0,02-0,2): 1.0798
Elder Ray (13): 0.0028
Super Trend (3,10): 1.0794
Zig ZAG (10): 1.0862
VORTEX (21): 1.1814
Stochastique (14,3,5): 77.67
TEMA (21): 1.0845
Williams %R (14): -12.26
Chande Momentum Oscillator (20): 0.0071
Repulse (5,40,3): 0.1415
ROCnROLL: 1
TRIX (15,9): 0.0027
Courbe Coppock: 1.01
MA7: 1.0813
MA20: 1.0694
MA50: 1.0552
MA100: 1.0216
MAexp7: 1.0845
MAexp20: 1.0822
MAexp50: 1.0817
MAexp100: 1.0805
Price / MA7: +0.57%
Price / MA20: +1.69%
Price / MA50: +3.06%
Price / MA100: +6.45%
Price / MAexp7: +0.28%
Price / MAexp20: +0.49%
Price / MAexp50: +0.54%
Price / MAexp100: +0.65%

Quotes : - Real time data - Forex

News


The last news published on EUR/USD at the time of the generation of this analysis was 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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