EUR/USD - 1H - Technical analysis published on 06/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.0747 USD
My targets
1.0662 USD (-0.0036)
1.0638 USD (-0.0060)
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 1.0747 USD. The sellers' bearish objective is set at 1.0662 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.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5.5
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Additional analysis
Quotes
The EUR/USD rating is 1.0698 USD. On the day, this instrument lost -0.09% and was traded between 1.0694 USD and 1.0715 USD over the period. The price is currently at +0.04% from its lowest and -0.16% from its highest.1.0694
1.0715
1.0698
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
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 this 1H chart of EUR/USD indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
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 | 1.0662 | 1.0698 | 1.0707 | 1.0747 | 1.0779 |
| Change (%) | -2.99% | -0.56% | -0.34% | - | +0.08% | +0.46% | +0.76% |
| Change | -0.0320 | -0.0060 | -0.0036 | - | +0.0009 | +0.0049 | +0.0081 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0608 | 1.0657 | 1.0682 | 1.0731 | 1.0756 | 1.0805 | 1.0830 |
| Camarilla | 1.0688 | 1.0694 | 1.0701 | 1.0708 | 1.0715 | 1.0722 | 1.0728 |
| Woodie | 1.0597 | 1.0651 | 1.0671 | 1.0725 | 1.0745 | 1.0799 | 1.0819 |
| Fibonacci | 1.0657 | 1.0685 | 1.0702 | 1.0731 | 1.0759 | 1.0776 | 1.0805 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0492 | 1.0563 | 1.0636 | 1.0707 | 1.0780 | 1.0851 | 1.0924 |
| Camarilla | 1.0668 | 1.0682 | 1.0695 | 1.0708 | 1.0721 | 1.0734 | 1.0748 |
| Woodie | 1.0492 | 1.0564 | 1.0636 | 1.0708 | 1.0780 | 1.0852 | 1.0924 |
| Fibonacci | 1.0563 | 1.0618 | 1.0652 | 1.0707 | 1.0762 | 1.0796 | 1.0851 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0064 | 1.0350 | 1.0521 | 1.0807 | 1.0978 | 1.1264 | 1.1435 |
| Camarilla | 1.0567 | 1.0609 | 1.0651 | 1.0693 | 1.0735 | 1.0777 | 1.0819 |
| Woodie | 1.0008 | 1.0321 | 1.0465 | 1.0778 | 1.0922 | 1.1235 | 1.1379 |
| Fibonacci | 1.0350 | 1.0524 | 1.0632 | 1.0807 | 1.0981 | 1.1089 | 1.1264 |
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): | 28.74 | |
| MACD (12,26,9): | -0.0011 | |
| Directional Movement: | -17.1715 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 1.0712 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0720 | |
| Elder Ray (13): | -0.0018 | |
| Super Trend (3,10): | 1.0733 | |
| Zig ZAG (10): | 1.0696 | |
| VORTEX (21): | 0.7647 | |
| Stochastique (14,3,5): | 1.83 | |
| TEMA (21): | 1.0696 | |
| Williams %R (14): | -98.68 | |
| Chande Momentum Oscillator (20): | -0.0051 | |
| Repulse (5,40,3): | -0.1293 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0084 | |
| Courbe Coppock: | 1.06 |
| MA7: | 1.0717 | |
| MA20: | 1.0797 | |
| MA50: | 1.0896 | |
| MA100: | 1.0813 | |
| MAexp7: | 1.0707 | |
| MAexp20: | 1.0724 | |
| MAexp50: | 1.0727 | |
| MAexp100: | 1.0725 | |
| Price / MA7: | -0.18% | |
| Price / MA20: | -0.92% | |
| Price / MA50: | -1.82% | |
| Price / MA100: | -1.06% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | -0.27% | |
| Price / MAexp100: | -0.25% |
Quotes :
-
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:
-
EUR/USD Forecast June 5, 2023
-
EUR/USD Technical Analysis for the Week of June 05, 2023 by FXEmpire
-
EUR/USD Technical Analysis for June 05, 2023 by FXEmpire
-
EUR/USD Forecast June 2, 2023
-
EUR/USD Technical Analysis for June 02, 2023 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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