Londinia Opportunities Analyses - 04/25/2024 (GMT) EUR/USD - 1H

- USD (-)

- Real time data - Forex

Type:	Forex
Ticker:	EURUSD
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 1.0708 USD

My targets

1.0786 USD (+0.0057)

1.0862 USD (+0.0133)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/USD as long as the price remains well above 1.0708 USD. The buyers' bullish objective is set at 1.0786 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0862 USD. If there is any crossing, the next objective would be the resistance located at 1.0950 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

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.

Additional analysis

Quotes

The EUR/USD rating is 1.0729 USD. The price has increased by +0.27% since the last closing and was between 1.0678 USD and 1.0740 USD. This implies that the price is at +0.48% from its lowest and at -0.10% from its highest.

1.0678

1.0740

1.0729

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:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this EUR/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.0638	1.0678	1.0708	1.0729	1.0862	1.0950	1.1108
Change (%)	-0.85%	-0.48%	-0.20%	-	+1.24%	+2.06%	+3.53%
Change	-0.0091	-0.0051	-0.0021	-	+0.0133	+0.0221	+0.0379
Level	Major	Major	Intermediate	-	Minor	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	1.0645	1.0661	1.0681	1.0697	1.0717	1.0733	1.0753
Camarilla	1.0690	1.0693	1.0697	1.0700	1.0703	1.0707	1.0710
Woodie	1.0646	1.0662	1.0682	1.0698	1.0718	1.0734	1.0754
Fibonacci	1.0661	1.0675	1.0684	1.0697	1.0711	1.0720	1.0733

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0519	1.0560	1.0608	1.0649	1.0697	1.0738	1.0786
Camarilla	1.0632	1.0640	1.0648	1.0656	1.0664	1.0672	1.0681
Woodie	1.0523	1.0562	1.0612	1.0651	1.0701	1.0740	1.0790
Fibonacci	1.0560	1.0594	1.0615	1.0649	1.0683	1.0704	1.0738

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0498	1.0633	1.0712	1.0847	1.0926	1.1061	1.1140
Camarilla	1.0733	1.0753	1.0772	1.0792	1.0812	1.0831	1.0851
Woodie	1.0471	1.0619	1.0685	1.0833	1.0899	1.1047	1.1113
Fibonacci	1.0633	1.0714	1.0765	1.0847	1.0928	1.0979	1.1061

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):	61.32
MACD (12,26,9):	0.0007
Directional Movement:	6.8804
AROON (14):	-7.1429
DEMA (21):	1.0727
Parabolic SAR (0,02-0,02-0,2):	1.0682
Elder Ray (13):	0.0008
Super Trend (3,10):	1.0736
Zig ZAG (10):	1.0730
VORTEX (21):	1.1151
Stochastique (14,3,5):	81.72
TEMA (21):	1.0729
Williams %R (14):	-16.13
Chande Momentum Oscillator (20):	0.0004
Repulse (5,40,3):	0.0361
ROCnROLL:	1
TRIX (15,9):	0.0087
Courbe Coppock:	0.20

MA7:	1.0679
MA20:	1.0732
MA50:	1.0807
MA100:	1.0844
MAexp7:	1.0725
MAexp20:	1.0717
MAexp50:	1.0705
MAexp100:	1.0691
Price / MA7:	+0.47%
Price / MA20:	-0.03%
Price / MA50:	-0.72%
Price / MA100:	-1.06%
Price / MAexp7:	+0.04%
Price / MAexp20:	+0.11%
Price / MAexp50:	+0.22%
Price / MAexp100:	+0.36%

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: