EUR/USD - 1H - Technical analysis published on 05/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
50%
28%
22%
My opinion
Bearish under 1.0678 USD
My targets
1.0638 USD (-0.0027)
1.0624 USD (-0.0041)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/USD as long as the price remains well below 1.0678 USD. The sellers' bearish objective is set at 1.0638 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0624 USD. In case of crossing, the next objective would be the support located at 1.0610 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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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 1.0665 USD. The price is lower by -0.01% since the last closing and was traded between 1.0649 USD and 1.0671 USD over the period. The price is currently at +0.15% from its lowest and -0.06% from its highest.1.0649
1.0671
1.0665
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
A technical analysis in 1H of this EUR/USD chart shows a sharp 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. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0624 | 1.0638 | 1.0661 | 1.0665 | 1.0678 | 1.0708 | 1.0735 |
| Change (%) | -0.38% | -0.25% | -0.04% | - | +0.12% | +0.40% | +0.66% |
| Change | -0.0041 | -0.0027 | -0.0004 | - | +0.0013 | +0.0043 | +0.0070 |
| Level | Major | Major | Minor | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0572 | 1.0619 | 1.0642 | 1.0689 | 1.0712 | 1.0759 | 1.0782 |
| Camarilla | 1.0647 | 1.0653 | 1.0660 | 1.0666 | 1.0672 | 1.0679 | 1.0685 |
| Woodie | 1.0561 | 1.0613 | 1.0631 | 1.0683 | 1.0701 | 1.0753 | 1.0771 |
| Fibonacci | 1.0619 | 1.0645 | 1.0662 | 1.0689 | 1.0715 | 1.0732 | 1.0759 |
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 | 1.0266 | 1.0433 | 1.0550 | 1.0717 | 1.0834 | 1.1001 | 1.1118 |
| Camarilla | 1.0588 | 1.0614 | 1.0640 | 1.0666 | 1.0692 | 1.0718 | 1.0744 |
| Woodie | 1.0240 | 1.0421 | 1.0524 | 1.0705 | 1.0808 | 1.0989 | 1.1092 |
| Fibonacci | 1.0433 | 1.0542 | 1.0609 | 1.0717 | 1.0826 | 1.0893 | 1.1001 |
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): | 41.97 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | -16.4818 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 1.0655 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0649 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 1.0678 | |
| Zig ZAG (10): | 1.0670 | |
| VORTEX (21): | 0.7352 | |
| Stochastique (14,3,5): | 36.58 | |
| TEMA (21): | 1.0652 | |
| Williams %R (14): | -34.38 | |
| Chande Momentum Oscillator (20): | 0.0004 | |
| Repulse (5,40,3): | 0.1480 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0173 | |
| Courbe Coppock: | 0.44 |
| MA7: | 1.0696 | |
| MA20: | 1.0712 | |
| MA50: | 1.0798 | |
| MA100: | 1.0841 | |
| MAexp7: | 1.0661 | |
| MAexp20: | 1.0671 | |
| MAexp50: | 1.0687 | |
| MAexp100: | 1.0694 | |
| Price / MA7: | -0.29% | |
| Price / MA20: | -0.44% | |
| Price / MA50: | -1.23% | |
| Price / MA100: | -1.62% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | -0.27% |
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 Daily Forecast and Technical Analysis for April 30, 2024, by Chris Lewis for FX Empire
-
Weekly Technical Outlook: 29/04/2024 - USDJPY, EURUSD, Oil
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EUR/USD Daily Forecast and Technical Analysis for April 29, 2024, by Chris Lewis for FX Empire
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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
This member declared not having a position on this financial instrument or a related financial instrument.
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