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 10/02/2022 (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: Neutral

Underlying: Bullish

Technical indicators

44%

17%

39%

My opinion

Bullish above 0.969311 USD

My targets

0.984620 USD (+0.50%)

1.001500 USD (+2.23%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.969311 USD remains possible. It is advisable to trade EURO TETHER - EURT/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.969311 USD. The next bullish objective for buyers is set at 0.984620 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.001500 USD. If there is any crossing, the next objective would be the resistance located at 1.030000 USD. PS: if there is a bearish break in the support located at 0.969311 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

3.4

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 price is 0.979700 USD. The price is lower by -0.04% since the last closing and was traded between 0.979500 USD and 0.980200 USD over the period. The price is currently at +0.02% from its lowest and -0.05% from its highest.

0.979500

0.980200

0.979700

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

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 bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is slight given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -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 horizontal support

Type : Bullish

Timeframe : 1 hour

Near support of channel

Type : Bullish

Timeframe : 1 hour

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.953800	0.963500	0.969311	0.979700	0.981000	0.984620	1.001500
Change (%)	-2.64%	-1.65%	-1.06%	-	+0.13%	+0.50%	+2.23%
Change	-0.025900	-0.016200	-0.010389	-	+0.001300	+0.004920	+0.021800
Level	Minor	Minor	Major	-	Minor	Major	Major

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	0.978300	0.978900	0.979500	0.980100	0.980700	0.981300	0.981900
Camarilla	0.979770	0.979880	0.979990	0.980100	0.980210	0.980320	0.980430
Woodie	0.978300	0.978900	0.979500	0.980100	0.980700	0.981300	0.981900
Fibonacci	0.978900	0.979358	0.979642	0.980100	0.980558	0.980842	0.981300

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.930133	0.941967	0.961033	0.972867	0.991933	1.003767	1.022833
Camarilla	0.971603	0.974435	0.977268	0.980100	0.982933	0.985765	0.988598
Woodie	0.933750	0.943775	0.964650	0.974675	0.995550	1.005575	1.026450
Fibonacci	0.941967	0.953771	0.961063	0.972867	0.984671	0.991963	1.003767

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.884533	0.919167	0.949733	0.984367	1.014933	1.049567	1.080133
Camarilla	0.962370	0.968347	0.974323	0.980300	0.986277	0.992253	0.998230
Woodie	0.882500	0.918150	0.947700	0.983350	1.012900	1.048550	1.078100
Fibonacci	0.919167	0.944073	0.959460	0.984367	1.009273	1.024660	1.049567

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):	52.96
MACD (12,26,9):	0.0002
Directional Movement:	-4.051358
AROON (14):	35.714286
DEMA (21):	0.980194
Parabolic SAR (0,02-0,02-0,2):	0.977478
Elder Ray (13):	-0.000135
Super Trend (3,10):	0.981550
Zig ZAG (10):	0.980100
VORTEX (21):	0.9709
Stochastique (14,3,5):	46.67
TEMA (21):	0.979836
Williams %R (14):	-40.00
Chande Momentum Oscillator (20):	0.000100
Repulse (5,40,3):	0.0628
ROCnROLL:	1
TRIX (15,9):	0.0023
Courbe Coppock:	0.04

MA7:	0.973386
MA20:	0.983800
MA50:	0.994654
MA100:	1.008607
MAexp7:	0.980025
MAexp20:	0.979933
MAexp50:	0.978705
MAexp100:	0.975907
Price / MA7:	+0.65%
Price / MA20:	-0.42%
Price / MA50:	-1.50%
Price / MA100:	-2.87%
Price / MAexp7:	-0.03%
Price / MAexp20:	-0.02%
Price / MAexp50:	+0.10%
Price / MAexp100:	+0.39%

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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