EURO TETHER - EURT/USD - 1H - Technical analysis published on 11/02/2024 (GMT)
- 157
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
EURO TETHER - EURT/USD Chart
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Neutral
Technical indicators
50%
11%
39%
My opinion
Neutral between 1.07 USD and 1.09 USD
My targets
-
My analysis
The short-term and basic trend is neutral. In this situation, the price of EURO TETHER - EURT/USD could just as easily move towards the first resistance as the first support. No statistical advantage is given for one of these levels to be achieved before the other. It will be necessary to create a new automated analysis when the conditions have progressed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below. The first resistance is located at 1.09 USD. The first support is located at 1.07 USD.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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 1.08 USD. The price registered an increase of +1.89% on the session with the lowest point at 1.06 USD and the highest point at 1.08 USD. The deviation from the price is +1.89% for the low point and 0% for the high point.1.06
1.08
1.08
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 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EURO TETHER - EURT/USD in 1H shows a neutral overall trend. This generally neutral trend is confirmed by the neutral signals currently given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.05 | 1.06 | 1.07 | 1.08 | 1.08 | 1.09 | 1.10 |
| Change (%) | -2.78% | -1.85% | -0.93% | 0% | - | +0.93% | +1.85% |
| Change | -0.03 | -0.02 | -0.01 | 0 | - | +0.01 | +0.02 |
| Level | Minor | Major | Minor | Intermediate | - | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.03 | 1.05 | 1.05 | 1.07 | 1.07 | 1.09 | 1.09 |
| Camarilla | 1.06 | 1.06 | 1.06 | 1.06 | 1.06 | 1.06 | 1.07 |
| Woodie | 1.03 | 1.05 | 1.05 | 1.07 | 1.07 | 1.09 | 1.09 |
| Fibonacci | 1.05 | 1.05 | 1.06 | 1.07 | 1.07 | 1.08 | 1.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.66 | 0.75 | 0.90 | 0.99 | 1.14 | 1.23 | 1.38 |
| Camarilla | 0.97 | 1.00 | 1.02 | 1.04 | 1.06 | 1.08 | 1.11 |
| Woodie | 0.68 | 0.77 | 0.92 | 1.01 | 1.16 | 1.25 | 1.40 |
| Fibonacci | 0.75 | 0.85 | 0.90 | 0.99 | 1.09 | 1.14 | 1.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.64 | 0.75 | 0.91 | 1.02 | 1.18 | 1.29 | 1.45 |
| Camarilla | 1.01 | 1.03 | 1.06 | 1.08 | 1.11 | 1.13 | 1.15 |
| Woodie | 0.68 | 0.76 | 0.95 | 1.03 | 1.22 | 1.30 | 1.49 |
| Fibonacci | 0.75 | 0.85 | 0.91 | 1.02 | 1.12 | 1.18 | 1.29 |
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): | 49.43 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -38.47 | |
| AROON (14): | 0 | |
| DEMA (21): | 1.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.08 | |
| Elder Ray (13): | -0 | |
| Super Trend (3,10): | 1.09 | |
| Zig ZAG (10): | 1.08 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 90.94 | |
| TEMA (21): | 1.08 | |
| Williams %R (14): | -13.97 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | 0.8200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.71 |
| MA7: | 1.08 | |
| MA20: | 1.07 | |
| MA50: | 1.09 | |
| MA100: | 1.08 | |
| MAexp7: | 1.08 | |
| MAexp20: | 1.08 | |
| MAexp50: | 1.08 | |
| MAexp100: | 1.08 | |
| Price / MA7: | -0% | |
| Price / MA20: | +0.93% | |
| Price / MA50: | -0.92% | |
| Price / MA100: | -0% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | -0% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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