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EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
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Type: Forex
Ticker: EURUSD
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EUR/USD - 1H - Technical analysis published on 06/13/2023 (GMT)

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

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 1.0769 USD
My targets
1.0854 USD (+0.0065)
1.0921 USD (+0.0132)
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 1.0769 USD remains possible. It is advisable to trade EUR/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.0769 USD. The next bullish objective for buyers is set at 1.0854 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0921 USD. If there is any crossing, the next objective would be the resistance located at 1.1011 USD. PS: if there is a bearish break in the support located at 1.0769 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 are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.7

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.

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

Additional analysis

Quotes

EUR/USD rating 1.0789 USD. The price has increased by +0.25% since the last closing and was between 1.0759 USD and 1.0824 USD. This implies that the price is at +0.28% from its lowest and at -0.32% from its highest.

1.0759
1.0824
1.0789

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 HIGH record (1 year)

Type : Bullish

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


Technical analysis of this 1H chart of EUR/USD indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour



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

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0756 1.0769 1.0779 1.0789 1.0790 1.1011 1.1561
Change (%) -0.31% -0.19% -0.09% - +0.01% +2.06% +7.16%
Change -0.0033 -0.0020 -0.0010 - +0.0001 +0.0222 +0.0772
Level Intermediate Minor Intermediate - Intermediate Major Intermediate



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
Standard1.06761.07051.07331.07621.07901.08191.0847
Camarilla1.07461.07521.07571.07621.07671.07731.0778
Woodie1.06771.07051.07341.07621.07911.08191.0848
Fibonacci1.07051.07261.07401.07621.07831.07971.0819


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.05611.06141.06811.07341.08011.08541.0921
Camarilla1.07151.07261.07371.07481.07591.07701.0781
Woodie1.05681.06181.06881.07381.08081.08581.0928
Fibonacci1.06141.06601.06881.07341.07801.08081.0854


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.00641.03501.05211.08071.09781.12641.1435
Camarilla1.05671.06091.06511.06931.07351.07771.0819
Woodie1.00081.03211.04651.07781.09221.12351.1379
Fibonacci1.03501.05241.06321.08071.09811.10891.1264

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): 50.95
MACD (12,26,9): 0.0005
Directional Movement: 8.6733
AROON (14): -14.2857
DEMA (21): 1.0797
Parabolic SAR (0,02-0,02-0,2): 1.0816
Elder Ray (13): -0.0002
Super Trend (3,10): 1.0772
Zig ZAG (10): 1.0789
VORTEX (21): 1.0743
Stochastique (14,3,5): 25.36
TEMA (21): 1.0796
Williams %R (14): -76.09
Chande Momentum Oscillator (20): -0.0005
Repulse (5,40,3): -0.0332
ROCnROLL: -1
TRIX (15,9): 0.0106
Courbe Coppock: 0.10
MA7: 1.0742
MA20: 1.0750
MA50: 1.0880
MA100: 1.0808
MAexp7: 1.0791
MAexp20: 1.0789
MAexp50: 1.0777
MAexp100: 1.0762
Price / MA7: +0.44%
Price / MA20: +0.36%
Price / MA50: -0.84%
Price / MA100: -0.18%
Price / MAexp7: -0.02%
Price / MAexp20: -0%
Price / MAexp50: +0.11%
Price / MAexp100: +0.25%

Quotes : - Real time data - Forex

News


The last news published on EUR/USD at the time of the generation of this analysis 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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