EURO TETHER - EURT/USD

EURTUSD

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	EURTUSD
ISIN:

EURO TETHER - EURT/USD - 1H - Technical analysis published on 09/06/2022 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

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EURO TETHER - EURT/USD Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

72%

22%

My opinion

Bullish above 0.987000 USD

My targets

0.998067 USD (+0.41%)

1.005000 USD (+1.11%)

My analysis

The strong short-term increase for EURO TETHER - EURT/USD reinforces the current slightly bullish trend. As long as the price remains above 0.987000 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 0.998067 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.005000 USD as an objective. Crossing it would then enable buyers to target 1.007000 USD. A return to 0.987000 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

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

4.6

Comment on the analysis

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.

This analysis was given by Londinia.

Additional analysis

Quotes

The EURO TETHER - EURT/USD rating is 0.994000 USD. On the day, this instrument lost -0.03% and was between 0.993400 USD and 0.996200 USD. This implies that the price is at +0.06% from its lowest and at -0.22% from its highest.

0.993400

0.996200

0.994000

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of EURO TETHER - EURT/USD in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near horizontal support

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.987000	0.990600	0.994000	0.994244	0.998067	1.001000
Change (%)	-0.70%	-0.34%	-	+0.02%	+0.41%	+0.70%
Change	-0.007000	-0.003400	-	+0.000244	+0.004067	+0.007000
Level	Minor	Minor	-	Major	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
Standard	0.982133	0.984567	0.989433	0.991867	0.996733	0.999167	1.004033
Camarilla	0.992293	0.992962	0.993631	0.994300	0.994969	0.995638	0.996308
Woodie	0.983350	0.985175	0.990650	0.992475	0.997950	0.999775	1.005250
Fibonacci	0.984567	0.987355	0.989078	0.991867	0.994655	0.996378	0.999167

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.970467	0.980233	0.987467	0.997233	1.004467	1.014233	1.021467
Camarilla	0.990025	0.991583	0.993142	0.994700	0.996258	0.997817	0.999375
Woodie	0.969200	0.979600	0.986200	0.996600	1.003200	1.013600	1.020200
Fibonacci	0.980233	0.986727	0.990739	0.997233	1.003727	1.007739	1.014233

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.937000	0.963400	0.983200	1.009600	1.029400	1.055800	1.075600
Camarilla	0.990295	0.994530	0.998765	1.003000	1.007235	1.011470	1.015705
Woodie	0.933700	0.961750	0.979900	1.007950	1.026100	1.054150	1.072300
Fibonacci	0.963400	0.981048	0.991952	1.009600	1.027248	1.038152	1.055800

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):	60.50
MACD (12,26,9):	0.0007
Directional Movement:	13.163980
AROON (14):	71.428572
DEMA (21):	0.993657
Parabolic SAR (0,02-0,02-0,2):	0.991168
Elder Ray (13):	0.001164
Super Trend (3,10):	0.991117
Zig ZAG (10):	0.994800
VORTEX (21):	1.2252
Stochastique (14,3,5):	70.83
TEMA (21):	0.994640
Williams %R (14):	-33.93
Chande Momentum Oscillator (20):	0.002000
Repulse (5,40,3):	-0.1155
ROCnROLL:	1
TRIX (15,9):	0.0043
Courbe Coppock:	0.57

MA7:	0.994457
MA20:	0.997520
MA50:	1.010788
MA100:	1.026354
MAexp7:	0.994109
MAexp20:	0.992794
MAexp50:	0.992974
MAexp100:	0.994036
Price / MA7:	-0.05%
Price / MA20:	-0.35%
Price / MA50:	-1.66%
Price / MA100:	-3.15%
Price / MAexp7:	-0.01%
Price / MAexp20:	+0.12%
Price / MAexp50:	+0.10%
Price / MAexp100:	+0.00%

Quotes : - Real time data - Cryptocompare

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

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Londinia AI

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