EUR/USD - 1H - Technical analysis published on 11/22/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 1.0928 USD
My targets
1.0856 USD (-0.0045)
1.0830 USD (-0.0071)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on EUR/USD as long as the price remains well below 1.0928 USD. The next bearish objective for sellers is set at 1.0856 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0830 USD. In case of crossing, the next objective would be the support located at 1.0692 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD rating is 1.0901 USD. The price is lower by -0.15% since the last closing with the lowest point at 1.0895 USD and the highest point at 1.0923 USD. The deviation from the price is +0.06% for the low point and -0.20% for the high point.1.0895
1.0923
1.0901
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/USD indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found no further results concerning independent technical indicators.
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 horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
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:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0830 | 1.0856 | 1.0897 | 1.0901 | 1.0928 | 1.0964 | 1.0992 |
| Change (%) | -0.65% | -0.41% | -0.04% | - | +0.25% | +0.58% | +0.83% |
| Change | -0.0071 | -0.0045 | -0.0004 | - | +0.0027 | +0.0063 | +0.0091 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0825 | 1.0862 | 1.0890 | 1.0927 | 1.0955 | 1.0992 | 1.1020 |
| Camarilla | 1.0899 | 1.0905 | 1.0911 | 1.0917 | 1.0923 | 1.0929 | 1.0935 |
| Woodie | 1.0820 | 1.0860 | 1.0885 | 1.0925 | 1.0950 | 1.0990 | 1.1015 |
| Fibonacci | 1.0862 | 1.0887 | 1.0903 | 1.0927 | 1.0952 | 1.0968 | 1.0992 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0492 | 1.0579 | 1.0743 | 1.0830 | 1.0994 | 1.1081 | 1.1245 |
| Camarilla | 1.0839 | 1.0862 | 1.0885 | 1.0908 | 1.0931 | 1.0954 | 1.0977 |
| Woodie | 1.0532 | 1.0598 | 1.0783 | 1.0849 | 1.1034 | 1.1100 | 1.1285 |
| Fibonacci | 1.0579 | 1.0675 | 1.0734 | 1.0830 | 1.0926 | 1.0985 | 1.1081 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0207 | 1.0327 | 1.0453 | 1.0573 | 1.0699 | 1.0819 | 1.0945 |
| Camarilla | 1.0510 | 1.0533 | 1.0556 | 1.0578 | 1.0601 | 1.0623 | 1.0646 |
| Woodie | 1.0209 | 1.0329 | 1.0455 | 1.0575 | 1.0701 | 1.0821 | 1.0947 |
| Fibonacci | 1.0327 | 1.0421 | 1.0479 | 1.0573 | 1.0667 | 1.0725 | 1.0819 |
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): | 37.88 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -7.4021 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 1.0908 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0895 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 1.0934 | |
| Zig ZAG (10): | 1.0900 | |
| VORTEX (21): | 0.8535 | |
| Stochastique (14,3,5): | 34.97 | |
| TEMA (21): | 1.0901 | |
| Williams %R (14): | -82.14 | |
| Chande Momentum Oscillator (20): | -0.0013 | |
| Repulse (5,40,3): | -0.1656 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0097 | |
| Courbe Coppock: | 0.29 |
| MA7: | 1.0894 | |
| MA20: | 1.0734 | |
| MA50: | 1.0644 | |
| MA100: | 1.0793 | |
| MAexp7: | 1.0909 | |
| MAexp20: | 1.0917 | |
| MAexp50: | 1.0920 | |
| MAexp100: | 1.0898 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | +1.56% | |
| Price / MA50: | +2.41% | |
| Price / MA100: | +1.00% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | +0.03% |
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:
-
EUR/USD Technical Analysis for November 22, 2023 by FXEmpire
-
EUR/USD Forecast November 21, 2023
-
EUR/USD Technical Analysis for November 21, 2023 by FXEmpire
-
Technical Analysis: 20/11/2023 - EURUSD is halfway to July’s top; tests 1.0940 level
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Trading volatility: EUR/USD on eurozone consumer confidence, FOMC minutes
This member declared not having a position on this financial instrument or a related financial instrument.
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