EUR/USD - 1H - Technical analysis published on 04/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
56%
11%
My opinion
Bearish under 1.0638 USD
My targets
1.0564 USD (-0.0054)
1.0469 USD (-0.0149)
My analysis
EUR/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.0638 USD. The next support located at 1.0564 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.0469 USD. Below this support, sellers could then target 1.0129 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by stebetrade. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD price is 1.0618 USD. The price is lower by -0.07% since the last closing with the lowest point at 1.0606 USD and the highest point at 1.0626 USD. The deviation from the price is +0.11% for the low point and -0.08% for the high point.1.0606
1.0626
1.0618
Here is a more detailed summary of the historical variations registered by EUR/USD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
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 strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 2 are neutral and 10 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0129 | 1.0469 | 1.0564 | 1.0618 | 1.0638 | 1.0665 | 1.0708 |
| Change (%) | -4.61% | -1.40% | -0.51% | - | +0.19% | +0.44% | +0.85% |
| Change | -0.0489 | -0.0149 | -0.0054 | - | +0.0020 | +0.0047 | +0.0090 |
| Level | Minor | Major | Minor | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0563 | 1.0592 | 1.0608 | 1.0637 | 1.0653 | 1.0682 | 1.0698 |
| Camarilla | 1.0613 | 1.0617 | 1.0621 | 1.0625 | 1.0629 | 1.0633 | 1.0637 |
| Woodie | 1.0558 | 1.0589 | 1.0603 | 1.0634 | 1.0648 | 1.0679 | 1.0693 |
| Fibonacci | 1.0592 | 1.0609 | 1.0620 | 1.0637 | 1.0654 | 1.0665 | 1.0682 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0285 | 1.0454 | 1.0548 | 1.0717 | 1.0811 | 1.0980 | 1.1074 |
| Camarilla | 1.0571 | 1.0595 | 1.0619 | 1.0643 | 1.0667 | 1.0691 | 1.0715 |
| Woodie | 1.0249 | 1.0435 | 1.0512 | 1.0698 | 1.0775 | 1.0961 | 1.1038 |
| Fibonacci | 1.0454 | 1.0554 | 1.0616 | 1.0717 | 1.0817 | 1.0879 | 1.0980 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0498 | 1.0633 | 1.0712 | 1.0847 | 1.0926 | 1.1061 | 1.1140 |
| Camarilla | 1.0733 | 1.0753 | 1.0772 | 1.0792 | 1.0812 | 1.0831 | 1.0851 |
| Woodie | 1.0471 | 1.0619 | 1.0685 | 1.0833 | 1.0899 | 1.1047 | 1.1113 |
| Fibonacci | 1.0633 | 1.0714 | 1.0765 | 1.0847 | 1.0928 | 1.0979 | 1.1061 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 38.62 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | -9.9320 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 1.0613 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0630 | |
| Elder Ray (13): | -0.0005 | |
| Super Trend (3,10): | 1.0640 | |
| Zig ZAG (10): | 1.0619 | |
| VORTEX (21): | 0.8264 | |
| Stochastique (14,3,5): | 20.63 | |
| TEMA (21): | 1.0613 | |
| Williams %R (14): | -71.43 | |
| Chande Momentum Oscillator (20): | -0.0011 | |
| Repulse (5,40,3): | 0.0490 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0131 | |
| Courbe Coppock: | 0.45 |
| MA7: | 1.0725 | |
| MA20: | 1.0788 | |
| MA50: | 1.0818 | |
| MA100: | 1.0860 | |
| MAexp7: | 1.0617 | |
| MAexp20: | 1.0627 | |
| MAexp50: | 1.0651 | |
| MAexp100: | 1.0691 | |
| Price / MA7: | -1.00% | |
| Price / MA20: | -1.58% | |
| Price / MA50: | -1.85% | |
| Price / MA100: | -2.23% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.31% | |
| Price / MAexp100: | -0.68% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on EUR/USD at the time of the analysis were as follows:
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EUR/USD Daily Forecast and Technical Analysis for April 15, 2024, by Chris Lewis for FX Empire
-
EUR/USD Long Term Forecast and Technical Analysis for April 12, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for April 12, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for April 11, 2024, by Chris Lewis for FX Empire
-
EUR/USD Forecast and Technical Analysis, April 10, 2024, by Chris Lewis #fxempire #trading #eurusd
This member declared not having a position on this financial instrument or a related financial instrument.
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