EUR/USD - 1H - Technical analysis published on 05/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 1.0734 USD
My targets
1.0790 USD (+0.0020)
1.0813 USD (+0.0043)
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 1.0734 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 1.0734 USD. The next bullish objective for buyers is set at 1.0790 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0813 USD. If there is any crossing, the next objective would be the resistance located at 1.0862 USD. PS: if there is a bearish break in the support located at 1.0734 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.3
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Additional analysis
Quotes
The EUR/USD rating is 1.0770 USD. The price has increased by +0.00% since the last closing with the lowest point at 1.0767 USD and the highest point at 1.0773 USD. The deviation from the price is +0.03% for the low point and -0.03% for the high point.1.0767
1.0773
1.0770
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/USD indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 7 are neutral and 6 are bearish. The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back under 0
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 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 | 1.0708 | 1.0734 | 1.0765 | 1.0770 | 1.0790 | 1.0813 | 1.0862 |
| Change (%) | -0.58% | -0.33% | -0.05% | - | +0.19% | +0.40% | +0.85% |
| Change | -0.0062 | -0.0036 | -0.0005 | - | +0.0020 | +0.0043 | +0.0092 |
| Level | Intermediate | Major | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0758 | 1.0763 | 1.0766 | 1.0771 | 1.0774 | 1.0779 | 1.0782 |
| Camarilla | 1.0768 | 1.0769 | 1.0769 | 1.0770 | 1.0771 | 1.0772 | 1.0772 |
| Woodie | 1.0758 | 1.0763 | 1.0766 | 1.0771 | 1.0774 | 1.0779 | 1.0782 |
| Fibonacci | 1.0763 | 1.0766 | 1.0768 | 1.0771 | 1.0774 | 1.0776 | 1.0779 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0666 | 1.0695 | 1.0733 | 1.0762 | 1.0800 | 1.0829 | 1.0867 |
| Camarilla | 1.0753 | 1.0759 | 1.0765 | 1.0771 | 1.0777 | 1.0783 | 1.0789 |
| Woodie | 1.0671 | 1.0697 | 1.0738 | 1.0764 | 1.0805 | 1.0831 | 1.0872 |
| Fibonacci | 1.0695 | 1.0721 | 1.0736 | 1.0762 | 1.0788 | 1.0803 | 1.0829 |
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 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): | 46.81 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -1.9699 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 1.0772 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0784 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 1.0761 | |
| Zig ZAG (10): | 1.0770 | |
| VORTEX (21): | 0.9834 | |
| Stochastique (14,3,5): | 30.34 | |
| TEMA (21): | 1.0769 | |
| Williams %R (14): | -68.97 | |
| Chande Momentum Oscillator (20): | -0.0003 | |
| Repulse (5,40,3): | -0.0360 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0009 | |
| Courbe Coppock: | 0.13 |
| MA7: | 1.0765 | |
| MA20: | 1.0719 | |
| MA50: | 1.0785 | |
| MA100: | 1.0825 | |
| MAexp7: | 1.0770 | |
| MAexp20: | 1.0772 | |
| MAexp50: | 1.0769 | |
| MAexp100: | 1.0762 | |
| Price / MA7: | +0.05% | |
| Price / MA20: | +0.48% | |
| Price / MA50: | -0.14% | |
| Price / MA100: | -0.51% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.07% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/USD at the time of the generation of this analysis was as follows:
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Trading volatility: EURUSD to move around US CPI inflation data?
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EUR/USD Long Term Forecast and Technical Analysis for May 10, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for May 10, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for May 09, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for May 08, 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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