EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
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Type: Forex
Ticker: EURUSD
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EUR/USD - 1H - Technical analysis published on 05/17/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1.0826 USD
My targets
1.0895 USD (+0.0026)
1.0953 USD (+0.0084)
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 1.0826 USD. The buyers' bullish objective is set at 1.0895 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0953 USD. If there is any crossing, the next objective would be the resistance located at 1.1004 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3

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:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/USD rating is 1.0869 USD. On the day, this instrument gained +0.01% and was traded between 1.0835 USD and 1.0879 USD over the period. The price is currently at +0.31% from its lowest and -0.09% from its highest.

1.0835
1.0879
1.0869

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:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this EUR/USD chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly



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:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0767 1.0826 1.0862 1.0869 1.0876 1.0895 1.0953
Change (%) -0.94% -0.40% -0.06% - +0.06% +0.24% +0.77%
Change -0.0102 -0.0043 -0.0007 - +0.0007 +0.0026 +0.0084
Level Major Minor Intermediate - Intermediate Minor Major



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
Standard1.08091.08311.08501.08721.08911.09131.0932
Camarilla1.08571.08611.08641.08681.08721.08761.0879
Woodie1.08071.08301.08481.08711.08891.09121.0930
Fibonacci1.08311.08471.08571.08721.08881.08981.0913


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.06661.06951.07331.07621.08001.08291.0867
Camarilla1.07531.07591.07651.07711.07771.07831.0789
Woodie1.06711.06971.07381.07641.08051.08311.0872
Fibonacci1.06951.07211.07361.07621.07881.08031.0829


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.02661.04331.05501.07171.08341.10011.1118
Camarilla1.05881.06141.06401.06661.06921.07181.0744
Woodie1.02401.04211.05241.07051.08081.09891.1092
Fibonacci1.04331.05421.06091.07171.08261.08931.1001

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): 55.78
MACD (12,26,9): -0.0001
Directional Movement: 10.8440
AROON (14): 28.5714
DEMA (21): 1.0857
Parabolic SAR (0,02-0,02-0,2): 1.0838
Elder Ray (13): 0.0012
Super Trend (3,10): 1.0840
Zig ZAG (10): 1.0868
VORTEX (21): 1.0000
Stochastique (14,3,5): 83.30
TEMA (21): 1.0856
Williams %R (14): -25.00
Chande Momentum Oscillator (20): 0.0013
Repulse (5,40,3): 0.0581
ROCnROLL: 1
TRIX (15,9): -0.0049
Courbe Coppock: 0.08
MA7: 1.0826
MA20: 1.0756
MA50: 1.0783
MA100: 1.0820
MAexp7: 1.0861
MAexp20: 1.0859
MAexp50: 1.0857
MAexp100: 1.0841
Price / MA7: +0.40%
Price / MA20: +1.05%
Price / MA50: +0.80%
Price / MA100: +0.45%
Price / MAexp7: +0.07%
Price / MAexp20: +0.09%
Price / MAexp50: +0.11%
Price / MAexp100: +0.26%

Quotes : - Real time data - Forex

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

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