EUR/USD - 1H - Technical analysis published on 03/25/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
61%
6%
33%
My opinion
Bullish above 1.0757 USD
My targets
1.0855 USD (+0.0021)
1.0873 USD (+0.0039)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for EUR/USD as long as the price remains well above 1.0757 USD. The buyers' bullish objective is set at 1.0855 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0873 USD. If there is any crossing, the next objective would be the resistance located at 1.0906 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 1.0855 USD. On this resistance, against the trend traders who would like to go short on EUR/USD with a bearish signal from their trading strategy, should not hesitate to act.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.1
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This analysis was given by Samiam. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD price is 1.0834 USD. The price has increased by +0.26% since the last closing with the lowest point at 1.0802 USD and the highest point at 1.0843 USD. The deviation from the price is +0.30% for the low point and -0.08% for the high point.1.0802
1.0843
1.0834
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
Here is a more detailed summary of the historical variations registered by EUR/USD:
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 slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0469 | 1.0638 | 1.0708 | 1.0834 | 1.0835 | 1.0855 | 1.0873 |
| Change (%) | -3.37% | -1.81% | -1.16% | - | +0.01% | +0.19% | +0.36% |
| Change | -0.0365 | -0.0196 | -0.0126 | - | +0.0001 | +0.0021 | +0.0039 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 1.0715 | 1.0758 | 1.0782 | 1.0825 | 1.0849 | 1.0892 | 1.0916 |
| Camarilla | 1.0788 | 1.0794 | 1.0800 | 1.0806 | 1.0812 | 1.0818 | 1.0824 |
| Woodie | 1.0706 | 1.0753 | 1.0773 | 1.0820 | 1.0840 | 1.0887 | 1.0907 |
| Fibonacci | 1.0758 | 1.0784 | 1.0799 | 1.0825 | 1.0851 | 1.0866 | 1.0892 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0615 | 1.0708 | 1.0757 | 1.0850 | 1.0899 | 1.0992 | 1.1041 |
| Camarilla | 1.0767 | 1.0780 | 1.0793 | 1.0806 | 1.0819 | 1.0832 | 1.0845 |
| Woodie | 1.0593 | 1.0697 | 1.0735 | 1.0839 | 1.0877 | 1.0981 | 1.1019 |
| Fibonacci | 1.0708 | 1.0762 | 1.0796 | 1.0850 | 1.0904 | 1.0938 | 1.0992 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0498 | 1.0597 | 1.0701 | 1.0800 | 1.0904 | 1.1003 | 1.1107 |
| Camarilla | 1.0750 | 1.0769 | 1.0787 | 1.0806 | 1.0825 | 1.0843 | 1.0862 |
| Woodie | 1.0502 | 1.0598 | 1.0705 | 1.0801 | 1.0908 | 1.1004 | 1.1111 |
| Fibonacci | 1.0597 | 1.0674 | 1.0722 | 1.0800 | 1.0877 | 1.0925 | 1.1003 |
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): | 58.89 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 5.9012 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 1.0828 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0827 | |
| Elder Ray (13): | 0.0007 | |
| Super Trend (3,10): | 1.0811 | |
| Zig ZAG (10): | 1.0835 | |
| VORTEX (21): | 1.1618 | |
| Stochastique (14,3,5): | 81.48 | |
| TEMA (21): | 1.0838 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.0012 | |
| Repulse (5,40,3): | 0.0174 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0003 | |
| Courbe Coppock: | 0.36 |
| MA7: | 1.0866 | |
| MA20: | 1.0879 | |
| MA50: | 1.0841 | |
| MA100: | 1.0867 | |
| MAexp7: | 1.0833 | |
| MAexp20: | 1.0826 | |
| MAexp50: | 1.0833 | |
| MAexp100: | 1.0849 | |
| Price / MA7: | -0.29% | |
| Price / MA20: | -0.41% | |
| Price / MA50: | -0.06% | |
| Price / MA100: | -0.30% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | -0.14% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/USD at the time of the generation of this analysis was as follows:
-
EUR/USD Forecast March 26, 2024
-
EUR/USD Daily Forecast and Technical Analysis for March 25, 2024, by Chris Lewis for FX Empire
-
EUR/USD Forecast March 25, 2024
-
EUR/USD Long Term Forecast and Technical Analysis for March 22, 2024, by Chris Lewis for FX Empire
-
EUR/USD Daily Forecast and Technical Analysis for March 22, 2024, by Chris Lewis for FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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