EUR/USD - 1H - Technical analysis published on 11/15/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 1.0856 USD
My targets
1.0888 USD (+0.0017)
1.0928 USD (+0.0057)
My analysis
EUR/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.0856 USD. The next resistance located at 1.0888 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.0928 USD. After this resistance, buyers could then target 1.0992 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.8
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This analysis was given by CarelB. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD price is 1.0871 USD. The price registered a decrease of -0.06% on the session with the lowest point at 1.0865 USD and the highest point at 1.0884 USD. The deviation from the price is +0.06% for the low point and -0.12% for the high point.1.0865
1.0884
1.0871
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0705 | 1.0756 | 1.0856 | 1.0871 | 1.0888 | 1.0928 | 1.0992 |
| Change (%) | -1.53% | -1.06% | -0.14% | - | +0.16% | +0.52% | +1.11% |
| Change | -0.0166 | -0.0115 | -0.0015 | - | +0.0017 | +0.0057 | +0.0121 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0555 | 1.0623 | 1.0751 | 1.0819 | 1.0947 | 1.1015 | 1.1143 |
| Camarilla | 1.0824 | 1.0842 | 1.0860 | 1.0878 | 1.0896 | 1.0914 | 1.0932 |
| Woodie | 1.0584 | 1.0638 | 1.0780 | 1.0834 | 1.0976 | 1.1030 | 1.1172 |
| Fibonacci | 1.0623 | 1.0698 | 1.0745 | 1.0819 | 1.0894 | 1.0941 | 1.1015 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0541 | 1.0599 | 1.0641 | 1.0699 | 1.0741 | 1.0799 | 1.0841 |
| Camarilla | 1.0657 | 1.0666 | 1.0675 | 1.0684 | 1.0693 | 1.0702 | 1.0712 |
| Woodie | 1.0534 | 1.0595 | 1.0634 | 1.0695 | 1.0734 | 1.0795 | 1.0834 |
| Fibonacci | 1.0599 | 1.0637 | 1.0661 | 1.0699 | 1.0737 | 1.0761 | 1.0799 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0207 | 1.0327 | 1.0453 | 1.0573 | 1.0699 | 1.0819 | 1.0945 |
| Camarilla | 1.0510 | 1.0533 | 1.0556 | 1.0578 | 1.0601 | 1.0623 | 1.0646 |
| Woodie | 1.0209 | 1.0329 | 1.0455 | 1.0575 | 1.0701 | 1.0821 | 1.0947 |
| Fibonacci | 1.0327 | 1.0421 | 1.0479 | 1.0573 | 1.0667 | 1.0725 | 1.0819 |
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): | 73.74 | |
| MACD (12,26,9): | 0.0035 | |
| Directional Movement: | 25.6953 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 1.0896 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0887 | |
| Elder Ray (13): | 0.0007 | |
| Super Trend (3,10): | 1.0842 | |
| Zig ZAG (10): | 1.0870 | |
| VORTEX (21): | 1.4294 | |
| Stochastique (14,3,5): | 51.04 | |
| TEMA (21): | 1.0901 | |
| Williams %R (14): | -65.22 | |
| Chande Momentum Oscillator (20): | -0.0009 | |
| Repulse (5,40,3): | -0.0407 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0567 | |
| Courbe Coppock: | 0.78 |
| MA7: | 1.0744 | |
| MA20: | 1.0659 | |
| MA50: | 1.0627 | |
| MA100: | 1.0792 | |
| MAexp7: | 1.0874 | |
| MAexp20: | 1.0847 | |
| MAexp50: | 1.0788 | |
| MAexp100: | 1.0746 | |
| Price / MA7: | +1.18% | |
| Price / MA20: | +1.99% | |
| Price / MA50: | +2.30% | |
| Price / MA100: | +0.73% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.77% | |
| Price / MAexp100: | +1.16% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on EUR/USD at the time of the analysis were as follows:
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EUR/USD Technical Analysis for November 15, 2023 by FXEmpire
-
EUR/USD Technical Analysis for November 14, 2023 by FXEmpire
-
EUR/USD Technical Analysis for the Week of November 13, 2023 by FXEmpire
-
EUR/USD Technical Analysis for November 13, 2023 by FXEmpire
-
EUR/USD Technical Analysis for November 10, 2023 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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