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:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 1.0638 USD
My targets
1.0564 USD (-0.0054)
1.0469 USD (-0.0149)
My analysis
The bearish basic trend is very strong on EUR/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 1.0638 USD. Crossing the first support at 1.0564 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1.0469 USD as an objective. Crossing it would then enable sellers to target 1.0129 USD. Caution, a return to above the resistance located at 1.0638 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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Additional analysis
Quotes
The EUR/USD price is 1.0618 USD. On the day, this instrument lost -0.07% and was traded between 1.0601 USD and 1.0654 USD over the period. The price is currently at +0.16% from its lowest and -0.34% from its highest.1.0601
1.0654
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. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 7 are neutral and 7 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.0129 | 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): | 47.39 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -4.3720 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 1.0624 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0649 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 1.0606 | |
| Zig ZAG (10): | 1.0625 | |
| VORTEX (21): | 0.9965 | |
| Stochastique (14,3,5): | 46.54 | |
| TEMA (21): | 1.0629 | |
| Williams %R (14): | -52.83 | |
| Chande Momentum Oscillator (20): | 0.0008 | |
| Repulse (5,40,3): | 0.0542 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0040 | |
| Courbe Coppock: | 0.24 |
| MA7: | 1.0726 | |
| MA20: | 1.0788 | |
| MA50: | 1.0818 | |
| MA100: | 1.0860 | |
| MAexp7: | 1.0627 | |
| MAexp20: | 1.0627 | |
| MAexp50: | 1.0641 | |
| MAexp100: | 1.0675 | |
| Price / MA7: | -1.01% | |
| Price / MA20: | -1.58% | |
| Price / MA50: | -1.85% | |
| Price / MA100: | -2.23% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.53% |
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 Daily Forecast and Technical Analysis for April 16, 2024, by Chris Lewis for FX Empire
-
EUR/USD Daily Forecast and Technical Analysis for April 15, 2024, by Chris Lewis for FX Empire
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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
-
EUR/USD Daily Forecast and Technical Analysis for April 11, 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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