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:
Bearish
Underlying:
Slightly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 1.0708 USD
My targets
1.0678 USD (-0.0018)
1.0664 USD (-0.0032)
My analysis
The basic trend is currently slightly bearish on EUR/USD and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 1.0708 USD, sales could be favoured. The first bearish objective would be located at 1.0678 USD. Sellers would then use the next support located at 1.0664 USD as an objective. Crossing it would then enable sellers to target 1.0638 USD. A return to above the resistance at 1.0708 USD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.2
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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 1.0696 USD. The price has increased by +0.02% since the last closing with the lowest point at 1.0690 USD and the highest point at 1.0734 USD. The deviation from the price is +0.06% for the low point and -0.35% for the high point.1.0690
1.0734
1.0696
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:
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 slightly bearish trend. 53.57% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0638 | 1.0664 | 1.0678 | 1.0696 | 1.0708 | 1.0740 | 1.0753 |
| Change (%) | -0.54% | -0.30% | -0.17% | - | +0.11% | +0.41% | +0.53% |
| Change | -0.0058 | -0.0032 | -0.0018 | - | +0.0012 | +0.0044 | +0.0057 |
| 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): | 41.65 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -8.2562 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 1.0709 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0684 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 1.0732 | |
| Zig ZAG (10): | 1.0693 | |
| VORTEX (21): | 0.9888 | |
| Stochastique (14,3,5): | 24.56 | |
| TEMA (21): | 1.0708 | |
| Williams %R (14): | -97.73 | |
| Chande Momentum Oscillator (20): | -0.0023 | |
| Repulse (5,40,3): | -0.3027 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0002 | |
| Courbe Coppock: | 0.10 |
| MA7: | 1.0689 | |
| MA20: | 1.0725 | |
| MA50: | 1.0803 | |
| MA100: | 1.0842 | |
| MAexp7: | 1.0708 | |
| MAexp20: | 1.0711 | |
| MAexp50: | 1.0711 | |
| MAexp100: | 1.0703 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | -0.27% | |
| Price / MA50: | -0.99% | |
| Price / MA100: | -1.35% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.07% |
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 29, 2024, by Chris Lewis for FX Empire
-
EUR/USD Long Term Forecast and Technical Analysis for April 26, 2024, by Chris Lewis for FX Empire
-
EUR/USD Daily Forecast and Technical Analysis for April 26, 2024, by Chris Lewis for FX Empire
-
EUR/USD Daily Forecast and Technical Analysis for April 25, 2024, by Chris Lewis for FX Empire
-
EUR/USD Forecast April 26, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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