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EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURUSD
ISIN:

EUR/USD - 1H - Technical analysis published on 03/18/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bullish
Technical indicators
17%
72%
11%
My opinion
Bearish under 1.1089 USD
My targets
1.1020 USD (-0.0018)
1.0958 USD (-0.0080)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for EUR/USD as long as the price remains well below 1.1089 USD. The next bearish objective for sellers is set at 1.1020 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0958 USD. In case of crossing, the next objective would be the support located at 1.0899 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 1.1020 USD. With this support, against the trend traders who want to buy EUR/USD on a buy signal from their trading strategy should not hesitate to act.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2.1

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.

TheFuss
This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/USD rating is 1.1038 USD. The price is lower by -0.55% since the last closing and was traded between 1.1032 USD and 1.1119 USD over the period. The price is currently at +0.05% from its lowest and -0.73% from its highest.

1.1032
1.1119
1.1038

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:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 year)

Type : Bearish

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 slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0899 1.0958 1.1020 1.1038 1.1089 1.1141 1.1453
Change (%) -1.26% -0.72% -0.16% - +0.46% +0.93% +3.76%
Change -0.0139 -0.0080 -0.0018 - +0.0051 +0.0103 +0.0415
Level Major Minor Intermediate - Minor Major Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.09151.09681.10331.10861.11511.12041.1269
Camarilla1.10671.10771.10881.10991.11101.11211.1132
Woodie1.09221.09711.10401.10891.11581.12071.1276
Fibonacci1.09681.10131.10411.10861.11311.11591.1204


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.04581.06321.07731.09471.10881.12621.1403
Camarilla1.08271.08561.08851.09141.09431.09721.1001
Woodie1.04421.06241.07571.09391.10721.12541.1387
Fibonacci1.06321.07521.08271.09471.10671.11421.1262


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.06601.08831.10491.12721.14381.16611.1827
Camarilla1.11081.11441.11791.12151.12511.12861.1322
Woodie1.06321.08691.10211.12581.14101.16471.1799
Fibonacci1.08831.10321.11231.12721.14211.15121.1661

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 36.45
MACD (12,26,9): -0.0002
Directional Movement: -10.0687
AROON (14): -71.4285
DEMA (21): 1.1074
Parabolic SAR (0,02-0,02-0,2): 1.1081
Elder Ray (13): -0.0029
Super Trend (3,10): 1.1090
Zig ZAG (10): 1.1039
VORTEX (21): 0.9130
Stochastique (14,3,5): 7.00
TEMA (21): 1.1058
Williams %R (14): -90.80
Chande Momentum Oscillator (20): -0.0059
Repulse (5,40,3): -0.2271
ROCnROLL: 2
TRIX (15,9): 0.0104
Courbe Coppock: 0.69
MA7: 1.1000
MA20: 1.1085
MA50: 1.1241
MA100: 1.1297
MAexp7: 1.1059
MAexp20: 1.1071
MAexp50: 1.1053
MAexp100: 1.1025
Price / MA7: +0.35%
Price / MA20: -0.42%
Price / MA50: -1.81%
Price / MA100: -2.29%
Price / MAexp7: -0.19%
Price / MAexp20: -0.30%
Price / MAexp50: -0.14%
Price / MAexp100: +0.12%

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:

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

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Londinia
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