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 04/26/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

22%

28%

50%

My opinion

Bullish above 1.0708 USD

My targets

1.0740 USD (+0.0017)

1.0862 USD (+0.0139)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.0708 USD remains possible. It is advisable to trade EUR/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.0708 USD. The next bullish objective for buyers 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 1.0862 USD. If there is any crossing, the next objective would be the resistance located at 1.0950 USD. PS: if there is a bearish break in the support located at 1.0708 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

3.8

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 1.0723 USD. On the day, this instrument lost -0.03% and was between 1.0718 USD and 1.0753 USD. This implies that the price is at +0.05% from its lowest and at -0.28% from its highest.

1.0718

1.0753

1.0723

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

Technical

Technical analysis of this 1H chart of EUR/USD indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 9 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

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 resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.0654	1.0678	1.0708	1.0723	1.0740	1.0862	1.0950
Change (%)	-0.64%	-0.42%	-0.14%	-	+0.16%	+1.30%	+2.12%
Change	-0.0069	-0.0045	-0.0015	-	+0.0017	+0.0139	+0.0227
Level	Minor	Major	Intermediate	-	Intermediate	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0627	1.0653	1.0689	1.0715	1.0751	1.0777	1.0813
Camarilla	1.0709	1.0715	1.0720	1.0726	1.0732	1.0737	1.0743
Woodie	1.0633	1.0656	1.0695	1.0718	1.0757	1.0780	1.0819
Fibonacci	1.0653	1.0676	1.0691	1.0715	1.0738	1.0753	1.0777

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0519	1.0560	1.0608	1.0649	1.0697	1.0738	1.0786
Camarilla	1.0632	1.0640	1.0648	1.0656	1.0664	1.0672	1.0681
Woodie	1.0523	1.0562	1.0612	1.0651	1.0701	1.0740	1.0790
Fibonacci	1.0560	1.0594	1.0615	1.0649	1.0683	1.0704	1.0738

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):	54.06
MACD (12,26,9):	0.0004
Directional Movement:	10.5101
AROON (14):	42.8571
DEMA (21):	1.0734
Parabolic SAR (0,02-0,02-0,2):	1.0701
Elder Ray (13):	0.0002
Super Trend (3,10):	1.0707
Zig ZAG (10):	1.0729
VORTEX (21):	1.1813
Stochastique (14,3,5):	37.14
TEMA (21):	1.0732
Williams %R (14):	-85.71
Chande Momentum Oscillator (20):	-0.0001
Repulse (5,40,3):	-0.1110
ROCnROLL:	-1
TRIX (15,9):	0.0071
Courbe Coppock:	0.06

MA7:	1.0686
MA20:	1.0728
MA50:	1.0805
MA100:	1.0844
MAexp7:	1.0729
MAexp20:	1.0727
MAexp50:	1.0716
MAexp100:	1.0700
Price / MA7:	+0.35%
Price / MA20:	-0.05%
Price / MA50:	-0.76%
Price / MA100:	-1.12%
Price / MAexp7:	-0.06%
Price / MAexp20:	-0.04%
Price / MAexp50:	+0.07%
Price / MAexp100:	+0.21%

Quotes : - Real time data - Forex

News

The latest news and videos published on EUR/USD at the time of the analysis were as follows:

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

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