EUR/USD - 1H - Technical analysis published on 05/28/2023 (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
33%
33%
33%
My opinion
Bearish under 1.0749 USD
My targets
1.0707 USD (-0.0018)
1.0638 USD (-0.0087)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/USD as long as the price remains well below 1.0749 USD. The sellers' bearish objective is set at 1.0707 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0638 USD. In case of crossing, the next objective would be the support located at 1.0378 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.1
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This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD rating is 1.0725 USD. The price registered an increase of +0.03% on the session and was traded between 1.0713 USD and 1.0730 USD over the period. The price is currently at +0.11% from its lowest and -0.05% from its highest.1.0713
1.0730
1.0725
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0378 | 1.0638 | 1.0707 | 1.0725 | 1.0749 | 1.0801 | 1.0830 |
| Change (%) | -3.24% | -0.81% | -0.17% | - | +0.22% | +0.71% | +0.98% |
| Change | -0.0347 | -0.0087 | -0.0018 | - | +0.0024 | +0.0076 | +0.0105 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0639 | 1.0671 | 1.0696 | 1.0728 | 1.0753 | 1.0785 | 1.0810 |
| Camarilla | 1.0706 | 1.0712 | 1.0717 | 1.0722 | 1.0727 | 1.0733 | 1.0738 |
| Woodie | 1.0637 | 1.0669 | 1.0694 | 1.0726 | 1.0751 | 1.0783 | 1.0808 |
| Fibonacci | 1.0671 | 1.0692 | 1.0706 | 1.0728 | 1.0749 | 1.0763 | 1.0785 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0543 | 1.0623 | 1.0672 | 1.0752 | 1.0801 | 1.0881 | 1.0930 |
| Camarilla | 1.0687 | 1.0698 | 1.0710 | 1.0722 | 1.0734 | 1.0746 | 1.0758 |
| Woodie | 1.0529 | 1.0615 | 1.0658 | 1.0744 | 1.0787 | 1.0873 | 1.0916 |
| Fibonacci | 1.0623 | 1.0672 | 1.0702 | 1.0752 | 1.0801 | 1.0831 | 1.0881 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0532 | 1.0660 | 1.0840 | 1.0968 | 1.1148 | 1.1276 | 1.1456 |
| Camarilla | 1.0935 | 1.0964 | 1.0992 | 1.1020 | 1.1048 | 1.1077 | 1.1105 |
| Woodie | 1.0558 | 1.0673 | 1.0866 | 1.0981 | 1.1174 | 1.1289 | 1.1482 |
| Fibonacci | 1.0660 | 1.0778 | 1.0850 | 1.0968 | 1.1086 | 1.1158 | 1.1276 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.18 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -4.1599 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 1.0723 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0741 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 1.0754 | |
| Zig ZAG (10): | 1.0725 | |
| VORTEX (21): | 0.9623 | |
| Stochastique (14,3,5): | 36.84 | |
| TEMA (21): | 1.0724 | |
| Williams %R (14): | -57.89 | |
| Chande Momentum Oscillator (20): | -0.0026 | |
| Repulse (5,40,3): | 0.0719 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0028 | |
| Courbe Coppock: | 0.26 |
| MA7: | 1.0759 | |
| MA20: | 1.0874 | |
| MA50: | 1.0906 | |
| MA100: | 1.0818 | |
| MAexp7: | 1.0725 | |
| MAexp20: | 1.0727 | |
| MAexp50: | 1.0735 | |
| MAexp100: | 1.0752 | |
| Price / MA7: | -0.32% | |
| Price / MA20: | -1.37% | |
| Price / MA50: | -1.66% | |
| Price / MA100: | -0.86% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.25% |
Quotes :
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Real time data
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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:
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EUR/USD Technical Analysis for the Week of May 29, 2023 by FXEmpir
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EUR/USD Technical Analysis for May 29, 2023 by FXEmpire
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EUR/USD Forecast May 26, 2023
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EUR/USD Technical Analysis for May 26, 2023 by FXEmpire
-
EUR/USD Forecast May 25, 2023
This member declared not having a position on this financial instrument or a related financial instrument.
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