EUR/USD

- USD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURUSD
ISIN:

EUR/USD - 1H - Technical analysis published on 04/29/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

72%

28%

My opinion

Bullish above 1.0708 USD

My targets

1.0740 USD (+0.0016)

1.0753 USD (+0.0029)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on EUR/USD. This is a positive signal for buyers. As long as the price remains above 1.0708 USD, a purchase could be considered. The first bullish objective is located at 1.0740 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.0753 USD as an objective. Crossing it would then enable buyers to target 1.0765 USD. In the event of a return below 1.0708 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.1

Comment on the 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 dtaccori. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EUR/USD rating 1.0724 USD. The price has increased by +0.28% since the last closing and was between 1.0692 USD and 1.0734 USD. This implies that the price is at +0.30% from its lowest and at -0.09% from its highest.

1.0692

1.0734

1.0724

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

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:

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 bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.0664	1.0678	1.0708	1.0724	1.0740	1.0753	1.0765
Change (%)	-0.56%	-0.43%	-0.15%	-	+0.15%	+0.27%	+0.38%
Change	-0.0060	-0.0046	-0.0016	-	+0.0016	+0.0029	+0.0041
Level	Minor	Major	Major	-	Minor	Intermediate	Minor

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	1.0582	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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	53.42
MACD (12,26,9):	0.0002
Directional Movement:	3.4620
AROON (14):	64.2857
DEMA (21):	1.0714
Parabolic SAR (0,02-0,02-0,2):	1.0678
Elder Ray (13):	0.0003
Super Trend (3,10):	1.0732
Zig ZAG (10):	1.0718
VORTEX (21):	0.9680
Stochastique (14,3,5):	65.89
TEMA (21):	1.0717
Williams %R (14):	-34.88
Chande Momentum Oscillator (20):	0.0027
Repulse (5,40,3):	0.0030
ROCnROLL:	1
TRIX (15,9):	-0.0018
Courbe Coppock:	0.38

MA7:	1.0693
MA20:	1.0726
MA50:	1.0804
MA100:	1.0843
MAexp7:	1.0718
MAexp20:	1.0713
MAexp50:	1.0711
MAexp100:	1.0702
Price / MA7:	+0.29%
Price / MA20:	-0.02%
Price / MA50:	-0.74%
Price / MA100:	-1.10%
Price / MAexp7:	+0.06%
Price / MAexp20:	+0.10%
Price / MAexp50:	+0.12%
Price / MAexp100:	+0.21%

Quotes : - Real time data - Forex

News

The last news published on EUR/USD at the time of the generation of this analysis was as follows:

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

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