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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 1.0765 USD
My targets
1.0813 USD (+0.0023)
1.0862 USD (+0.0072)
My analysis
The bullish trend is currently very strong on EUR/USD. As long as the price remains above the support at 1.0765 USD, you could try to benefit from the boom. The first bullish objective is located at 1.0813 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.0862 USD as an objective. Crossing it would then enable buyers to target 1.0953 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.6
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.0790 USD. The price has increased by +0.18% since the last closing and was between 1.0766 USD and 1.0807 USD. This implies that the price is at +0.22% from its lowest and at -0.16% from its highest.1.0766
1.0807
1.0790
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 9 are neutral and 3 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0708 | 1.0734 | 1.0765 | 1.0790 | 1.0790 | 1.0813 | 1.0862 |
| Change (%) | -0.76% | -0.52% | -0.23% | 0% | - | +0.21% | +0.67% |
| Change | -0.0082 | -0.0056 | -0.0025 | 0 | - | +0.0023 | +0.0072 |
| Level | Intermediate | Major | Major | Major | - | 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 | 1.0727 | 1.0744 | 1.0757 | 1.0774 | 1.0787 | 1.0804 | 1.0817 |
| Camarilla | 1.0763 | 1.0766 | 1.0768 | 1.0771 | 1.0774 | 1.0777 | 1.0779 |
| Woodie | 1.0726 | 1.0743 | 1.0756 | 1.0773 | 1.0786 | 1.0803 | 1.0816 |
| Fibonacci | 1.0744 | 1.0755 | 1.0762 | 1.0774 | 1.0785 | 1.0792 | 1.0804 |
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): | 56.53 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | -0.2519 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 1.0793 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0786 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 1.0776 | |
| Zig ZAG (10): | 1.0790 | |
| VORTEX (21): | 1.1375 | |
| Stochastique (14,3,5): | 49.53 | |
| TEMA (21): | 1.0794 | |
| Williams %R (14): | -60.00 | |
| Chande Momentum Oscillator (20): | 0.0008 | |
| Repulse (5,40,3): | -0.0043 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0067 | |
| Courbe Coppock: | 0.26 |
| MA7: | 1.0767 | |
| MA20: | 1.0713 | |
| MA50: | 1.0787 | |
| MA100: | 1.0828 | |
| MAexp7: | 1.0790 | |
| MAexp20: | 1.0787 | |
| MAexp50: | 1.0779 | |
| MAexp100: | 1.0770 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | +0.72% | |
| Price / MA50: | +0.03% | |
| Price / MA100: | -0.35% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.19% |
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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EUR/USD Daily Forecast and Technical Analysis for May 13, 2024, by Chris Lewis for FX Empire
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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
This member declared not having a position on this financial instrument or a related financial instrument.
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