EUR/USD - 1H - Technical analysis published on 05/21/2024 (GMT)
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- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 1.0895 USD
My targets
1.0813 USD (-0.0042)
1.0767 USD (-0.0088)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade EUR/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.0895 USD. The next bearish objective for sellers is set at 1.0813 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0767 USD. In case of crossing, the next objective would be the support located at 1.0724 USD. In the event of a bullish break in the resistance located at 1.0895 USD a certain indecision would take hold.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.1
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Additional analysis
Quotes
The EUR/USD rating is 1.0855 USD. The price is lower by -0.05% since the last closing and was traded between 1.0854 USD and 1.0862 USD over the period. The price is currently at +0.01% from its lowest and -0.06% from its highest.1.0854
1.0862
1.0855
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
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 slightly bearish. 46.43% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 5 are bullish, 5 are neutral and 8 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0724 | 1.0767 | 1.0813 | 1.0855 | 1.0862 | 1.0895 | 1.0953 |
| Change (%) | -1.21% | -0.81% | -0.39% | - | +0.06% | +0.37% | +0.90% |
| Change | -0.0131 | -0.0088 | -0.0042 | - | +0.0007 | +0.0040 | +0.0098 |
| Level | Minor | Major | Minor | - | Major | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0817 | 1.0835 | 1.0848 | 1.0866 | 1.0879 | 1.0897 | 1.0910 |
| Camarilla | 1.0852 | 1.0854 | 1.0857 | 1.0860 | 1.0863 | 1.0866 | 1.0869 |
| Woodie | 1.0814 | 1.0834 | 1.0845 | 1.0865 | 1.0876 | 1.0896 | 1.0907 |
| Fibonacci | 1.0835 | 1.0847 | 1.0855 | 1.0866 | 1.0878 | 1.0886 | 1.0897 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0662 | 1.0714 | 1.0791 | 1.0843 | 1.0920 | 1.0972 | 1.1049 |
| Camarilla | 1.0833 | 1.0844 | 1.0856 | 1.0868 | 1.0880 | 1.0892 | 1.0904 |
| Woodie | 1.0675 | 1.0720 | 1.0804 | 1.0849 | 1.0933 | 1.0978 | 1.1062 |
| Fibonacci | 1.0714 | 1.0763 | 1.0794 | 1.0843 | 1.0892 | 1.0923 | 1.0972 |
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): | 44.46 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -8.4216 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 1.0861 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0872 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 1.0878 | |
| Zig ZAG (10): | 1.0860 | |
| VORTEX (21): | 0.8630 | |
| Stochastique (14,3,5): | 34.73 | |
| TEMA (21): | 1.0858 | |
| Williams %R (14): | -64.71 | |
| Chande Momentum Oscillator (20): | -0.0006 | |
| Repulse (5,40,3): | 0.0053 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0024 | |
| Courbe Coppock: | 0.16 |
| MA7: | 1.0850 | |
| MA20: | 1.0774 | |
| MA50: | 1.0780 | |
| MA100: | 1.0817 | |
| MAexp7: | 1.0860 | |
| MAexp20: | 1.0863 | |
| MAexp50: | 1.0864 | |
| MAexp100: | 1.0854 | |
| Price / MA7: | +0.05% | |
| Price / MA20: | +0.75% | |
| Price / MA50: | +0.70% | |
| Price / MA100: | +0.35% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | +0.01% |
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:
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EUR/USD Daily Forecast and Technical Analysis for May 20, 2024, by Chris Lewis for FX Empire
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EUR/USD Long Term Forecast and Technical Analysis for May 17, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for May 17, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for May 16, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for May 15, 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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