EUR/USD - 1H - Technical analysis published on 04/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
39%
22%
39%
My opinion
Bearish under 1.0740 USD
My targets
1.0678 USD (-0.0026)
1.0664 USD (-0.0040)
My analysis
The strong short-term decrease of EUR/USD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 1.0740 USD, a sale could be considered. The first bearish objective is located at 1.0678 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 1.0664 USD. If there is any crossing, the next objective would be support 1.0638 USD. Caution, if there is a return to above 1.0740 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
0.5
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD rating is 1.0704 USD. The price registered an increase of +0.09% on the session and was traded between 1.0692 USD and 1.0705 USD over the period. The price is currently at +0.11% from its lowest and -0.01% from its highest.1.0692
1.0705
1.0704
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
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 neutral trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0638 | 1.0664 | 1.0678 | 1.0704 | 1.0708 | 1.0740 | 1.0753 |
| Change (%) | -0.62% | -0.37% | -0.24% | - | +0.04% | +0.34% | +0.46% |
| Change | -0.0066 | -0.0040 | -0.0026 | - | +0.0004 | +0.0036 | +0.0049 |
| Level | Major | Minor | Major | - | Major | 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 | 1.0582 | 1.0628 | 1.0661 | 1.0707 | 1.0740 | 1.0786 | 1.0819 |
| Camarilla | 1.0672 | 1.0680 | 1.0687 | 1.0694 | 1.0701 | 1.0709 | 1.0716 |
| Woodie | 1.0576 | 1.0625 | 1.0655 | 1.0704 | 1.0734 | 1.0783 | 1.0813 |
| Fibonacci | 1.0628 | 1.0658 | 1.0677 | 1.0707 | 1.0737 | 1.0756 | 1.0786 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0499 | 1.0561 | 1.0628 | 1.0690 | 1.0757 | 1.0819 | 1.0886 |
| Camarilla | 1.0659 | 1.0670 | 1.0682 | 1.0694 | 1.0706 | 1.0718 | 1.0730 |
| Woodie | 1.0501 | 1.0562 | 1.0630 | 1.0691 | 1.0759 | 1.0820 | 1.0888 |
| Fibonacci | 1.0561 | 1.0611 | 1.0641 | 1.0690 | 1.0740 | 1.0770 | 1.0819 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.48 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -1.1222 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 1.0699 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0728 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 1.0732 | |
| Zig ZAG (10): | 1.0704 | |
| VORTEX (21): | 0.9320 | |
| Stochastique (14,3,5): | 38.58 | |
| TEMA (21): | 1.0694 | |
| Williams %R (14): | -55.88 | |
| Chande Momentum Oscillator (20): | -0.0012 | |
| Repulse (5,40,3): | 0.0444 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0075 | |
| Courbe Coppock: | 0.52 |
| MA7: | 1.0691 | |
| MA20: | 1.0725 | |
| MA50: | 1.0803 | |
| MA100: | 1.0842 | |
| MAexp7: | 1.0700 | |
| MAexp20: | 1.0706 | |
| MAexp50: | 1.0708 | |
| MAexp100: | 1.0699 | |
| Price / MA7: | +0.12% | |
| Price / MA20: | -0.20% | |
| Price / MA50: | -0.92% | |
| Price / MA100: | -1.27% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | +0.05% |
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:
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EUR/USD Long Term Forecast and Technical Analysis for April 26, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for April 26, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for April 25, 2024, by Chris Lewis for FX Empire
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EUR/USD Forecast April 26, 2024
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EUR/USD Daily Forecast and Technical Analysis for April 24, 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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