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:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 1.0708 USD
My targets
1.0678 USD (-0.0017)
1.0654 USD (-0.0041)
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 1.0708 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 1.0654 USD. In case of crossing, the next objective would be the support located at 1.0638 USD.
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
3.4
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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 1.0695 USD. The price registered a decrease of -0.29% on the session and was traded between 1.0674 USD and 1.0753 USD over the period. The price is currently at +0.20% from its lowest and -0.54% from its highest.1.0674
1.0753
1.0695
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:
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 slightly bearish. 53.57% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
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 support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0638 | 1.0654 | 1.0678 | 1.0695 | 1.0708 | 1.0740 | 1.0862 |
| Change (%) | -0.53% | -0.38% | -0.16% | - | +0.12% | +0.42% | +1.56% |
| Change | -0.0057 | -0.0041 | -0.0017 | - | +0.0013 | +0.0045 | +0.0167 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Minor |
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 | 1.0627 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 38.25 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -7.8835 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.0709 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0748 | |
| Elder Ray (13): | -0.0021 | |
| Super Trend (3,10): | 1.0732 | |
| Zig ZAG (10): | 1.0694 | |
| VORTEX (21): | 0.8340 | |
| Stochastique (14,3,5): | 15.66 | |
| TEMA (21): | 1.0700 | |
| Williams %R (14): | -72.15 | |
| Chande Momentum Oscillator (20): | -0.0026 | |
| Repulse (5,40,3): | -0.0739 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0002 | |
| Courbe Coppock: | 0.40 |
| MA7: | 1.0682 | |
| MA20: | 1.0727 | |
| MA50: | 1.0805 | |
| MA100: | 1.0843 | |
| MAexp7: | 1.0702 | |
| MAexp20: | 1.0713 | |
| MAexp50: | 1.0712 | |
| MAexp100: | 1.0699 | |
| Price / MA7: | +0.12% | |
| Price / MA20: | -0.30% | |
| Price / MA50: | -1.02% | |
| Price / MA100: | -1.36% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.04% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on EUR/USD. At the time of publication of this analysis, the latest news was as follows:
-
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
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EUR/USD Daily Forecast and Technical Analysis for April 25, 2024, by Chris Lewis for FX Empire
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EUR/USD Forecast April 26, 2024
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EUR/USD Daily Forecast and Technical Analysis for April 24, 2024, by Chris Lewis for FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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