EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
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Type: Forex
Ticker: EURUSD
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EUR/USD - 1H - Technical analysis published on 04/16/2024 (GMT)

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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 1.0665 USD
My targets
1.0564 USD (-0.0065)
1.0469 USD (-0.0160)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.0665 USD remains possible. It is advisable to trade EUR/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.0665 USD. The next bearish objective for sellers is set at 1.0564 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0469 USD. In case of crossing, the next objective would be the support located at 1.0129 USD. PS: if there is a bullish break in the resistance located at 1.0665 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0

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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

EUR/USD rating 1.0629 USD. On the day, this instrument gained +0.04% and was traded between 1.0602 USD and 1.0654 USD over the period. The price is currently at +0.25% from its lowest and -0.23% from its highest.

1.0602
1.0654
1.0629

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 bearish. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour



In fact, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

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


S3S2S1PriceR1R2R3
ProTrendLines 1.0129 1.0469 1.0564 1.0629 1.0638 1.0665 1.0708
Change (%) -4.70% -1.51% -0.61% - +0.08% +0.34% +0.74%
Change -0.0500 -0.0160 -0.0065 - +0.0009 +0.0036 +0.0079
Level Minor Major Minor - Major Intermediate 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
Standard1.05631.05921.06081.06371.06531.06821.0698
Camarilla1.06131.06171.06211.06251.06291.06331.0637
Woodie1.05581.05891.06031.06341.06481.06791.0693
Fibonacci1.05921.06091.06201.06371.06541.06651.0682


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.02851.04541.05481.07171.08111.09801.1074
Camarilla1.05711.05951.06191.06431.06671.06911.0715
Woodie1.02491.04351.05121.06981.07751.09611.1038
Fibonacci1.04541.05541.06161.07171.08171.08791.0980


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.04981.06331.07121.08471.09261.10611.1140
Camarilla1.07331.07531.07721.07921.08121.08311.0851
Woodie1.04711.06191.06851.08331.08991.10471.1113
Fibonacci1.06331.07141.07651.08471.09281.09791.1061

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): 55.88
MACD (12,26,9): -0.0002
Directional Movement: 7.6983
AROON (14): 42.8571
DEMA (21): 1.0623
Parabolic SAR (0,02-0,02-0,2): 1.0611
Elder Ray (13): 0.0009
Super Trend (3,10): 1.0606
Zig ZAG (10): 1.0638
VORTEX (21): 0.9955
Stochastique (14,3,5): 77.17
TEMA (21): 1.0631
Williams %R (14): -30.77
Chande Momentum Oscillator (20): 0.0020
Repulse (5,40,3): 0.0186
ROCnROLL: -1
TRIX (15,9): -0.0085
Courbe Coppock: 0.12
MA7: 1.0727
MA20: 1.0789
MA50: 1.0818
MA100: 1.0860
MAexp7: 1.0630
MAexp20: 1.0628
MAexp50: 1.0645
MAexp100: 1.0682
Price / MA7: -0.91%
Price / MA20: -1.48%
Price / MA50: -1.75%
Price / MA100: -2.13%
Price / MAexp7: -0.01%
Price / MAexp20: +0.01%
Price / MAexp50: -0.15%
Price / MAexp100: -0.50%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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