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EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURUSD
ISIN:

EUR/USD - 1H - Technical analysis published on 05/15/2024 (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
72%
0%
28%
My opinion
Bullish above 1.0813 USD
My targets
1.0862 USD (+0.0037)
1.0953 USD (+0.0128)
My analysis
EUR/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.0813 USD. The next resistance located at 1.0862 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.0953 USD. After this resistance, buyers could then target 1.1108 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4

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.

dtaccori
This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

EUR/USD rating 1.0825 USD. The price registered an increase of +0.10% on the session and was between 1.0813 USD and 1.0828 USD. This implies that the price is at +0.11% from its lowest and at -0.03% from its highest.

1.0813
1.0828
1.0825

A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of EUR/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



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

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0765 1.0791 1.0813 1.0825 1.0826 1.0862 1.0953
Change (%) -0.55% -0.31% -0.11% - +0.01% +0.34% +1.18%
Change -0.0060 -0.0034 -0.0012 - +0.0001 +0.0037 +0.0128
Level Intermediate Minor Minor - Intermediate Minor Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.07201.07431.07791.08021.08381.08611.0897
Camarilla1.07981.08031.08091.08141.08191.08251.0830
Woodie1.07261.07461.07851.08051.08441.08641.0903
Fibonacci1.07431.07661.07801.08021.08251.08391.0861


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.06661.06951.07331.07621.08001.08291.0867
Camarilla1.07531.07591.07651.07711.07771.07831.0789
Woodie1.06711.06971.07381.07641.08051.08311.0872
Fibonacci1.06951.07211.07361.07621.07881.08031.0829


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.02661.04331.05501.07171.08341.10011.1118
Camarilla1.05881.06141.06401.06661.06921.07181.0744
Woodie1.02401.04211.05241.07051.08081.09891.1092
Fibonacci1.04331.05421.06091.07171.08261.08931.1001

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 68.84
MACD (12,26,9): 0.0008
Directional Movement: 4.3147
AROON (14): 92.8571
DEMA (21): 1.0825
Parabolic SAR (0,02-0,02-0,2): 1.0795
Elder Ray (13): 0.0007
Super Trend (3,10): 1.0806
Zig ZAG (10): 1.0826
VORTEX (21): 1.2094
Stochastique (14,3,5): 87.07
TEMA (21): 1.0827
Williams %R (14): -20.00
Chande Momentum Oscillator (20): 0.0008
Repulse (5,40,3): 0.0309
ROCnROLL: 1
TRIX (15,9): 0.0108
Courbe Coppock: 0.24
MA7: 1.0783
MA20: 1.0731
MA50: 1.0785
MA100: 1.0824
MAexp7: 1.0822
MAexp20: 1.0815
MAexp50: 1.0801
MAexp100: 1.0787
Price / MA7: +0.39%
Price / MA20: +0.88%
Price / MA50: +0.37%
Price / MA100: +0.01%
Price / MAexp7: +0.03%
Price / MAexp20: +0.09%
Price / MAexp50: +0.22%
Price / MAexp100: +0.35%

Quotes : - Real time data - 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:

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

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Londinia
Londinia AI

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