EURO FX FULL0624 - 1H - Technical analysis published on 05/25/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
78%
17%
My opinion
Bearish under 1.07640 USD
My targets
1.06953 USD (-0.49%)
1.06250 USD (-1.15%)
My analysis
The bearish trend is currently very strong for EURO FX FULL0623. As long as the price remains below the resistance at 1.07640 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.06953 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.06250 USD as an objective. Crossing it would then enable sellers to target 1.03130 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.4
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Additional analysis
Quotes
The EURO FX FULL0623 rating is 1.07485 USD. On the day, this instrument lost -0.16% and was between 1.07420 USD and 1.07705 USD. This implies that the price is at +0.06% from its lowest and at -0.20% from its highest.1.07420
1.07705
1.07485
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EURO FX FULL0623:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EURO FX FULL0623 in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from 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 bearish. 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
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.98485 | 1.03130 | 1.06250 | 1.07485 | 1.07640 | 1.07777 | 1.08044 |
| Change (%) | -8.37% | -4.05% | -1.15% | - | +0.14% | +0.27% | +0.52% |
| Change | -0.09000 | -0.04355 | -0.01235 | - | +0.00155 | +0.00292 | +0.00559 |
| Level | Major | Major | Major | - | Intermediate | Intermediate | Minor |
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 | 1.06923 | 1.07277 | 1.07468 | 1.07822 | 1.08013 | 1.08367 | 1.08558 |
| Camarilla | 1.07510 | 1.07560 | 1.07610 | 1.07660 | 1.07710 | 1.07760 | 1.07810 |
| Woodie | 1.06843 | 1.07236 | 1.07388 | 1.07781 | 1.07933 | 1.08326 | 1.08478 |
| Fibonacci | 1.07277 | 1.07485 | 1.07614 | 1.07822 | 1.08030 | 1.08159 | 1.08367 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.06127 | 1.06953 | 1.07607 | 1.08433 | 1.09087 | 1.09913 | 1.10567 |
| Camarilla | 1.07853 | 1.07989 | 1.08124 | 1.08260 | 1.08396 | 1.08531 | 1.08667 |
| Woodie | 1.06040 | 1.06910 | 1.07520 | 1.08390 | 1.09000 | 1.09870 | 1.10480 |
| Fibonacci | 1.06953 | 1.07519 | 1.07868 | 1.08433 | 1.08999 | 1.09348 | 1.09913 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.05545 | 1.06950 | 1.08480 | 1.09885 | 1.11415 | 1.12820 | 1.14350 |
| Camarilla | 1.09203 | 1.09472 | 1.09741 | 1.10010 | 1.10279 | 1.10548 | 1.10817 |
| Woodie | 1.05608 | 1.06981 | 1.08543 | 1.09916 | 1.11478 | 1.12851 | 1.14413 |
| Fibonacci | 1.06950 | 1.08071 | 1.08764 | 1.09885 | 1.11006 | 1.11699 | 1.12820 |
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): | 33.05 | |
| MACD (12,26,9): | -0.0011 | |
| Directional Movement: | -21.23709 | |
| AROON (14): | -85.71429 | |
| DEMA (21): | 1.07524 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.07723 | |
| Elder Ray (13): | -0.00128 | |
| Super Trend (3,10): | 1.07794 | |
| Zig ZAG (10): | 1.07485 | |
| VORTEX (21): | 0.8228 | |
| Stochastique (14,3,5): | 12.08 | |
| TEMA (21): | 1.07486 | |
| Williams %R (14): | -82.72 | |
| Chande Momentum Oscillator (20): | -0.00235 | |
| Repulse (5,40,3): | -0.0134 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0128 | |
| Courbe Coppock: | 0.50 |
| MA7: | 1.08019 | |
| MA20: | 1.09254 | |
| MA50: | 1.09407 | |
| MA100: | 1.08752 | |
| MAexp7: | 1.07548 | |
| MAexp20: | 1.07661 | |
| MAexp50: | 1.07834 | |
| MAexp100: | 1.08034 | |
| Price / MA7: | -0.49% | |
| Price / MA20: | -1.62% | |
| Price / MA50: | -1.76% | |
| Price / MA100: | -1.17% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.32% | |
| Price / MAexp100: | -0.51% |
Quotes :
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10 min delayed data
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CME Globex Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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