EUR/USD

- USD (-)

- Real time data - Forex

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Change:	-
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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: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 1.0708 USD

My targets

1.0740 USD (+0.0018)

1.0753 USD (+0.0031)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/USD as long as the price remains well above 1.0708 USD. The buyers' bullish objective 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. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.9

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

The EUR/USD rating is 1.0722 USD. The price registered an increase of +0.26% on the session with the lowest point at 1.0690 USD and the highest point at 1.0734 USD. The deviation from the price is +0.30% for the low point and -0.11% for the high point.

1.0690

1.0734

1.0722

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by EUR/USD:

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

Technical analysis of this 1H chart of EUR/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.0664	1.0678	1.0708	1.0722	1.0740	1.0753	1.0765
Change (%)	-0.54%	-0.41%	-0.13%	-	+0.17%	+0.29%	+0.40%
Change	-0.0058	-0.0044	-0.0014	-	+0.0018	+0.0031	+0.0043
Level	Minor	Major	Major	-	Minor	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	53.95
MACD (12,26,9):	0.0003
Directional Movement:	-0.1790
AROON (14):	28.5714
DEMA (21):	1.0719
Parabolic SAR (0,02-0,02-0,2):	1.0691
Elder Ray (13):	0.0003
Super Trend (3,10):	1.0732
Zig ZAG (10):	1.0721
VORTEX (21):	1.0763
Stochastique (14,3,5):	77.42
TEMA (21):	1.0721
Williams %R (14):	-22.50
Chande Momentum Oscillator (20):	0.0016
Repulse (5,40,3):	0.0192
ROCnROLL:	1
TRIX (15,9):	0.0018
Courbe Coppock:	0.05

MA7:	1.0693
MA20:	1.0726
MA50:	1.0804
MA100:	1.0843
MAexp7:	1.0720
MAexp20:	1.0716
MAexp50:	1.0713
MAexp100:	1.0705
Price / MA7:	+0.27%
Price / MA20:	-0.04%
Price / MA50:	-0.76%
Price / MA100:	-1.12%
Price / MAexp7:	+0.02%
Price / MAexp20:	+0.06%
Price / MAexp50:	+0.08%
Price / MAexp100:	+0.16%

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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