EUR/USD - 1H - Technical analysis published on 04/30/2024 (GMT)
- 74
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 1.0734 USD
My targets
1.0678 USD (-0.0027)
1.0638 USD (-0.0067)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on EUR/USD as long as the price remains well below 1.0734 USD. The next bearish objective for sellers is set at 1.0678 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0638 USD. In case of crossing, the next objective would be the support located at 1.0624 USD.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.3
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 price is 1.0705 USD. On the day, this instrument lost -0.09% and was between 1.0690 USD and 1.0718 USD. This implies that the price is at +0.14% from its lowest and at -0.12% from its highest.1.0690
1.0718
1.0705
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
Technical analysis of EUR/USD in 1H shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 1.0624 | 1.0638 | 1.0678 | 1.0705 | 1.0708 | 1.0734 | 1.0753 |
| Change (%) | -0.76% | -0.63% | -0.25% | - | +0.03% | +0.27% | +0.45% |
| Change | -0.0081 | -0.0067 | -0.0027 | - | +0.0003 | +0.0029 | +0.0048 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Intermediate |
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 | 1.0648 | 1.0669 | 1.0692 | 1.0713 | 1.0736 | 1.0757 | 1.0780 |
| Camarilla | 1.0703 | 1.0707 | 1.0711 | 1.0715 | 1.0719 | 1.0723 | 1.0727 |
| Woodie | 1.0649 | 1.0670 | 1.0693 | 1.0714 | 1.0737 | 1.0758 | 1.0781 |
| Fibonacci | 1.0669 | 1.0686 | 1.0696 | 1.0713 | 1.0730 | 1.0740 | 1.0757 |
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): | 45.14 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -12.4550 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 1.0708 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0731 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 1.0727 | |
| Zig ZAG (10): | 1.0706 | |
| VORTEX (21): | 0.9512 | |
| Stochastique (14,3,5): | 31.55 | |
| TEMA (21): | 1.0705 | |
| Williams %R (14): | -57.14 | |
| Chande Momentum Oscillator (20): | -0.0015 | |
| Repulse (5,40,3): | 0.0560 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0010 | |
| Courbe Coppock: | 0.21 |
| MA7: | 1.0699 | |
| MA20: | 1.0723 | |
| MA50: | 1.0802 | |
| MA100: | 1.0842 | |
| MAexp7: | 1.0706 | |
| MAexp20: | 1.0711 | |
| MAexp50: | 1.0712 | |
| MAexp100: | 1.0706 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | -0.17% | |
| Price / MA50: | -0.90% | |
| Price / MA100: | -1.26% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.01% |
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:
-
Weekly Technical Outlook: 29/04/2024 - USDJPY, EURUSD, Oil
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/USD - 1H