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EUR/USD
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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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 1.0678 USD
My targets
1.0740 USD (+0.0026)
1.0753 USD (+0.0039)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.0678 USD remains possible. It is advisable to trade EUR/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.0678 USD. The next bullish objective for buyers is set at 1.0740 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0753 USD. If there is any crossing, the next objective would be the resistance located at 1.0765 USD. PS: if there is a bearish break in the support located at 1.0678 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

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
0
10
5.2

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.

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

Additional analysis

Quotes

The EUR/USD price is 1.0714 USD. The price registered an increase of +0.19% on the session with the lowest point at 1.0692 USD and the highest point at 1.0734 USD. The deviation from the price is +0.21% for the low point and -0.19% for the high point.

1.0692
1.0734
1.0714

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

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 study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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


Technical analysis of EUR/USD in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. 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



The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour



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

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Central Candlesticks

Black gravestone / inverted hammer

Type : Bearish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0664 1.0678 1.0708 1.0714 1.0740 1.0753 1.0765
Change (%) -0.47% -0.34% -0.06% - +0.24% +0.36% +0.48%
Change -0.0050 -0.0036 -0.0006 - +0.0026 +0.0039 +0.0051
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
Standard1.05821.06281.06611.07071.07401.07861.0819
Camarilla1.06721.06801.06871.06941.07011.07091.0716
Woodie1.05761.06251.06551.07041.07341.07831.0813
Fibonacci1.06281.06581.06771.07071.07371.07561.0786


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.04991.05611.06281.06901.07571.08191.0886
Camarilla1.06591.06701.06821.06941.07061.07181.0730
Woodie1.05011.05621.06301.06911.07591.08201.0888
Fibonacci1.05611.06111.06411.06901.07401.07701.0819


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

Technical indicators
Moving averages

RSI (14): 53.68
MACD (12,26,9): 0.0001
Directional Movement: 1.7616
AROON (14): 50.0000
DEMA (21): 1.0715
Parabolic SAR (0,02-0,02-0,2): 1.0682
Elder Ray (13): 0.0007
Super Trend (3,10): 1.0732
Zig ZAG (10): 1.0718
VORTEX (21): 1.1592
Stochastique (14,3,5): 56.39
TEMA (21): 1.0716
Williams %R (14): -47.50
Chande Momentum Oscillator (20): 0.0008
Repulse (5,40,3): -0.0345
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.32
MA7: 1.0692
MA20: 1.0726
MA50: 1.0804
MA100: 1.0843
MAexp7: 1.0715
MAexp20: 1.0714
MAexp50: 1.0712
MAexp100: 1.0703
Price / MA7: +0.21%
Price / MA20: -0.11%
Price / MA50: -0.83%
Price / MA100: -1.19%
Price / MAexp7: -0.01%
Price / MAexp20: -0%
Price / MAexp50: +0.02%
Price / MAexp100: +0.10%

Quotes : - Real time data - 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:

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

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Londinia
Londinia AI

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