EUR/USD - 1H - Technical analysis published on 03/27/2024 (GMT)
- 98
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
50%
22%
28%
My opinion
Neutral between 1.0801 USD and 1.0855 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on EUR/USD. It is difficult to advise a trading direction under these conditions. The first support is located at 1.0801 USD. The first resistance is located at 1.0855 USD. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.
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.
This analysis was given by Samiam. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.0835 USD. The price registered an increase of +0.02% on the session and was traded between 1.0820 USD and 1.0839 USD over the period. The price is currently at +0.14% from its lowest and -0.04% from its highest.1.0820
1.0839
1.0835
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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
A technical analysis in 1H of this EUR/USD chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 9 are bullish, 5 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
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 a result that can have an impact on the price change:
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 | 1.0708 | 1.0801 | 1.0834 | 1.0835 | 1.0855 | 1.0906 | 1.0940 |
| Change (%) | -1.17% | -0.31% | -0.01% | - | +0.18% | +0.66% | +0.97% |
| Change | -0.0127 | -0.0034 | -0.0001 | - | +0.0020 | +0.0071 | +0.0105 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Minor | Major |
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 | 1.0777 | 1.0800 | 1.0817 | 1.0840 | 1.0857 | 1.0880 | 1.0897 |
| Camarilla | 1.0822 | 1.0826 | 1.0829 | 1.0833 | 1.0837 | 1.0840 | 1.0844 |
| Woodie | 1.0773 | 1.0799 | 1.0813 | 1.0839 | 1.0853 | 1.0879 | 1.0893 |
| Fibonacci | 1.0800 | 1.0816 | 1.0825 | 1.0840 | 1.0856 | 1.0865 | 1.0880 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.88 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | 1.2871 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 1.0830 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0820 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 1.0847 | |
| Zig ZAG (10): | 1.0838 | |
| VORTEX (21): | 0.8757 | |
| Stochastique (14,3,5): | 64.91 | |
| TEMA (21): | 1.0828 | |
| Williams %R (14): | -10.53 | |
| Chande Momentum Oscillator (20): | 0.0005 | |
| Repulse (5,40,3): | 0.1246 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0035 | |
| Courbe Coppock: | 0.07 |
| MA7: | 1.0854 | |
| MA20: | 1.0878 | |
| MA50: | 1.0840 | |
| MA100: | 1.0869 | |
| MAexp7: | 1.0831 | |
| MAexp20: | 1.0832 | |
| MAexp50: | 1.0835 | |
| MAexp100: | 1.0842 | |
| Price / MA7: | -0.18% | |
| Price / MA20: | -0.40% | |
| Price / MA50: | -0.05% | |
| Price / MA100: | -0.31% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | -0.06% |
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 Forecast March 27, 2024
-
EUR/USD Daily Forecast and Technical Analysis for March 26, 2024, by Chris Lewis for FX Empire
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
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