EUR/USD - 1H - Technical analysis published on 03/23/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
11%
56%
33%
My opinion
Bearish under 1.0913 USD
My targets
1.0759 USD (-0.0074)
1.0689 USD (-0.0144)
My analysis
The strong short-term decline in EUR/USD calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 1.0913 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 1.0759 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.0689 USD as an objective. Crossing it would then enable sellers to target 1.0638 USD. Be careful, a return to above 1.0913 USD could jeopardize the reversal.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
1.8
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Additional analysis
Quotes
The EUR/USD rating is 1.0833 USD. The price registered a decrease of -0.33% on the session and was traded between 1.0824 USD and 1.0930 USD over the period. The price is currently at +0.08% from its lowest and -0.89% from its highest.1.0824
1.0930
1.0833
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/USD in 1H shows an overall 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0638 | 1.0689 | 1.0759 | 1.0833 | 1.0913 | 1.1011 | 1.1394 |
| Change (%) | -1.80% | -1.33% | -0.68% | - | +0.74% | +1.64% | +5.18% |
| Change | -0.0195 | -0.0144 | -0.0074 | - | +0.0080 | +0.0178 | +0.0561 |
| Level | Major | Minor | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0627 | 1.0693 | 1.0781 | 1.0847 | 1.0935 | 1.1001 | 1.1089 |
| Camarilla | 1.0827 | 1.0841 | 1.0855 | 1.0869 | 1.0883 | 1.0897 | 1.0911 |
| Woodie | 1.0638 | 1.0699 | 1.0792 | 1.0853 | 1.0946 | 1.1007 | 1.1100 |
| Fibonacci | 1.0693 | 1.0752 | 1.0788 | 1.0847 | 1.0906 | 1.0942 | 1.1001 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0289 | 1.0402 | 1.0533 | 1.0646 | 1.0777 | 1.0890 | 1.1021 |
| Camarilla | 1.0596 | 1.0618 | 1.0641 | 1.0663 | 1.0685 | 1.0708 | 1.0730 |
| Woodie | 1.0297 | 1.0407 | 1.0541 | 1.0651 | 1.0785 | 1.0895 | 1.1029 |
| Fibonacci | 1.0402 | 1.0496 | 1.0553 | 1.0646 | 1.0740 | 1.0797 | 1.0890 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9896 | 1.0214 | 1.0396 | 1.0714 | 1.0896 | 1.1214 | 1.1396 |
| Camarilla | 1.0440 | 1.0485 | 1.0531 | 1.0577 | 1.0623 | 1.0669 | 1.0715 |
| Woodie | 0.9827 | 1.0180 | 1.0327 | 1.0680 | 1.0827 | 1.1180 | 1.1327 |
| Fibonacci | 1.0214 | 1.0405 | 1.0523 | 1.0714 | 1.0905 | 1.1023 | 1.1214 |
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): | 39.61 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -2.3579 | |
| AROON (14): | -28.5715 | |
| DEMA (21): | 1.0860 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0868 | |
| Elder Ray (13): | -0.0021 | |
| Super Trend (3,10): | 1.0888 | |
| Zig ZAG (10): | 1.0835 | |
| VORTEX (21): | 0.8734 | |
| Stochastique (14,3,5): | 11.37 | |
| TEMA (21): | 1.0839 | |
| Williams %R (14): | -86.90 | |
| Chande Momentum Oscillator (20): | -0.0041 | |
| Repulse (5,40,3): | -0.0469 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0095 | |
| Courbe Coppock: | 0.92 |
| MA7: | 1.0722 | |
| MA20: | 1.0657 | |
| MA50: | 1.0732 | |
| MA100: | 1.0610 | |
| MAexp7: | 1.0844 | |
| MAexp20: | 1.0858 | |
| MAexp50: | 1.0836 | |
| MAexp100: | 1.0791 | |
| Price / MA7: | +1.04% | |
| Price / MA20: | +1.65% | |
| Price / MA50: | +0.94% | |
| Price / MA100: | +2.10% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.23% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | +0.39% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/USD at the time of the generation of this analysis was as follows:
-
EUR/USD Forecast March 24, 2023
-
EUR/USD Technical Analysis for March 24, 2023 by FXEmpire
-
EUR/USD Forecast March 23, 2023
-
EUR/USD Technical Analysis for March 23, 2023 by FXEmpire
-
EUR/USD Technical Analysis for March 22, 2023 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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