EUR/USD - 1H - Technical analysis published on 07/22/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 1.1145 USD
My targets
1.1069 USD (-0.0054)
1.1037 USD (-0.0086)
My analysis
The bearish trend is currently very strong for EUR/USD. As long as the price remains below the resistance at 1.1145 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.1069 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.1037 USD as an objective. Crossing it would then enable sellers to target 1.1012 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7
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This analysis was given by MagicMizrahi. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.1123 USD. The price is lower by -0.10% since the last closing with the lowest point at 1.1108 USD and the highest point at 1.1145 USD. The deviation from the price is +0.14% for the low point and -0.20% for the high point.1.1108
1.1145
1.1123
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 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1037 | 1.1069 | 1.1118 | 1.1123 | 1.1145 | 1.1203 | 1.1245 |
| Change (%) | -0.77% | -0.49% | -0.04% | - | +0.20% | +0.72% | +1.10% |
| Change | -0.0086 | -0.0054 | -0.0005 | - | +0.0022 | +0.0080 | +0.0122 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1069 | 1.1088 | 1.1106 | 1.1125 | 1.1143 | 1.1162 | 1.1180 |
| Camarilla | 1.1113 | 1.1116 | 1.1120 | 1.1123 | 1.1126 | 1.1130 | 1.1133 |
| Woodie | 1.1068 | 1.1088 | 1.1105 | 1.1125 | 1.1142 | 1.1162 | 1.1179 |
| Fibonacci | 1.1088 | 1.1103 | 1.1111 | 1.1125 | 1.1140 | 1.1148 | 1.1162 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0894 | 1.1001 | 1.1062 | 1.1169 | 1.1230 | 1.1337 | 1.1398 |
| Camarilla | 1.1077 | 1.1092 | 1.1108 | 1.1123 | 1.1138 | 1.1154 | 1.1169 |
| Woodie | 1.0871 | 1.0990 | 1.1039 | 1.1158 | 1.1207 | 1.1326 | 1.1375 |
| Fibonacci | 1.1001 | 1.1065 | 1.1105 | 1.1169 | 1.1233 | 1.1273 | 1.1337 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0362 | 1.0512 | 1.0712 | 1.0862 | 1.1062 | 1.1212 | 1.1412 |
| Camarilla | 1.0816 | 1.0848 | 1.0880 | 1.0912 | 1.0944 | 1.0976 | 1.1008 |
| Woodie | 1.0387 | 1.0525 | 1.0737 | 1.0875 | 1.1087 | 1.1225 | 1.1437 |
| Fibonacci | 1.0512 | 1.0646 | 1.0728 | 1.0862 | 1.0996 | 1.1078 | 1.1212 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 39.16 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | -6.0413 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 1.1116 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1130 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 1.1154 | |
| Zig ZAG (10): | 1.1123 | |
| VORTEX (21): | 0.9571 | |
| Stochastique (14,3,5): | 44.14 | |
| TEMA (21): | 1.1120 | |
| Williams %R (14): | -59.46 | |
| Chande Momentum Oscillator (20): | -0.0005 | |
| Repulse (5,40,3): | -0.0248 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0155 | |
| Courbe Coppock: | 0.25 |
| MA7: | 1.1197 | |
| MA20: | 1.1030 | |
| MA50: | 1.0895 | |
| MA100: | 1.0884 | |
| MAexp7: | 1.1124 | |
| MAexp20: | 1.1130 | |
| MAexp50: | 1.1153 | |
| MAexp100: | 1.1169 | |
| Price / MA7: | -0.66% | |
| Price / MA20: | +0.84% | |
| Price / MA50: | +2.09% | |
| Price / MA100: | +2.20% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.27% | |
| Price / MAexp100: | -0.41% |
Quotes :
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Real time data
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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:
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EUR/USD Forecast July 24, 2023
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EUR/USD Technical Analysis for the Week of July 24, 2023 by FXEmpire
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EUR/USD Technical Analysis for July 24, 2023 by FXEmpire
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EUR/USD Forecast July 21, 2023
-
EUR/USD Technical Analysis for July 21, 2023 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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