EURO TETHER - EURT/USD - 1H - Technical analysis published on 10/09/2022 (GMT)
- 185
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
EURO TETHER - EURT/USD Chart
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 0.979509 USD
My targets
0.959300 USD (-1.47%)
My analysis
The bearish basic trend is very strong on EURO TETHER - EURT/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.979509 USD. Crossing the first support at 0.959300 USD would be a sign of a further potential price plummet. Caution, a return to above the resistance located at 0.979509 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5
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 0.973600 USD. The price registered a decrease of -0.02% on the session and was between 0.973100 USD and 0.975100 USD. This implies that the price is at +0.05% from its lowest and at -0.15% from its highest.0.973100
0.975100
0.973600
Here is a more detailed summary of the historical variations registered by EURO TETHER - EURT/USD:
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 this 1H chart of EURO TETHER - EURT/USD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
Black line without upper shadow
Type : Bearish
Timeframe : 1 hour
Long black line
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.959300 | 0.973600 | 0.973933 | 0.979509 | 0.982900 |
| Change (%) | -1.47% | - | +0.03% | +0.61% | +0.96% |
| Change | -0.014300 | - | +0.000333 | +0.005909 | +0.009300 |
| Level | Intermediate | - | Intermediate | Major | Minor |
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 | 0.971533 | 0.972267 | 0.973033 | 0.973767 | 0.974533 | 0.975267 | 0.976033 |
| Camarilla | 0.973388 | 0.973525 | 0.973663 | 0.973800 | 0.973938 | 0.974075 | 0.974213 |
| Woodie | 0.971550 | 0.972275 | 0.973050 | 0.973775 | 0.974550 | 0.975275 | 0.976050 |
| Fibonacci | 0.972267 | 0.972840 | 0.973194 | 0.973767 | 0.974340 | 0.974694 | 0.975267 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.939267 | 0.956133 | 0.964967 | 0.981833 | 0.990667 | 1.007533 | 1.016367 |
| Camarilla | 0.966733 | 0.969088 | 0.971444 | 0.973800 | 0.976156 | 0.978512 | 0.980868 |
| Woodie | 0.935250 | 0.954125 | 0.960950 | 0.979825 | 0.986650 | 1.005525 | 1.012350 |
| Fibonacci | 0.956133 | 0.965951 | 0.972016 | 0.981833 | 0.991651 | 0.997716 | 1.007533 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.42 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 26.302058 | |
| AROON (14): | -7.142857 | |
| DEMA (21): | 0.973624 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.973353 | |
| Elder Ray (13): | 0.000174 | |
| Super Trend (3,10): | 0.974109 | |
| Zig ZAG (10): | 0.973800 | |
| VORTEX (21): | 1.0938 | |
| Stochastique (14,3,5): | 4.95 | |
| TEMA (21): | 0.973934 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.000300 | |
| Repulse (5,40,3): | -0.0801 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0021 | |
| Courbe Coppock: | 0.01 |
| MA7: | 0.981500 | |
| MA20: | 0.977555 | |
| MA50: | 0.990352 | |
| MA100: | 1.003966 | |
| MAexp7: | 0.973766 | |
| MAexp20: | 0.973868 | |
| MAexp50: | 0.974996 | |
| MAexp100: | 0.977462 | |
| Price / MA7: | -0.80% | |
| Price / MA20: | -0.40% | |
| Price / MA50: | -1.69% | |
| Price / MA100: | -3.02% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.40% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EURO TETHER - EURT/USD - 1H