EUR/USD - 1H - Technical analysis published on 11/23/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 1.0897 USD
My targets
1.0928 USD (+0.0018)
1.0965 USD (+0.0055)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on EUR/USD. This is a positive signal for buyers. As long as the price remains above 1.0897 USD, a purchase could be considered. The first bullish objective is located at 1.0928 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.0965 USD as an objective. Crossing it would then enable buyers to target 1.0992 USD. In the event of a return below 1.0897 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.5
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Additional analysis
Quotes
The EUR/USD price is 1.0910 USD. The price has increased by +0.20% since the last closing with the lowest point at 1.0887 USD and the highest point at 1.0931 USD. The deviation from the price is +0.21% for the low point and -0.19% for the high point.1.0887
1.0931
1.0910
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
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
Technical analysis of this 1H chart of EUR/USD indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 1.0830 | 1.0856 | 1.0897 | 1.0910 | 1.0928 | 1.0965 | 1.0992 |
| Change (%) | -0.73% | -0.49% | -0.12% | - | +0.16% | +0.50% | +0.75% |
| Change | -0.0080 | -0.0054 | -0.0013 | - | +0.0018 | +0.0055 | +0.0082 |
| Level | Major | Minor | Intermediate | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0781 | 1.0817 | 1.0852 | 1.0888 | 1.0923 | 1.0959 | 1.0994 |
| Camarilla | 1.0869 | 1.0875 | 1.0882 | 1.0888 | 1.0895 | 1.0901 | 1.0908 |
| Woodie | 1.0782 | 1.0817 | 1.0853 | 1.0888 | 1.0924 | 1.0959 | 1.0995 |
| Fibonacci | 1.0817 | 1.0844 | 1.0861 | 1.0888 | 1.0915 | 1.0932 | 1.0959 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0492 | 1.0579 | 1.0743 | 1.0830 | 1.0994 | 1.1081 | 1.1245 |
| Camarilla | 1.0839 | 1.0862 | 1.0885 | 1.0908 | 1.0931 | 1.0954 | 1.0977 |
| Woodie | 1.0532 | 1.0598 | 1.0783 | 1.0849 | 1.1034 | 1.1100 | 1.1285 |
| Fibonacci | 1.0579 | 1.0675 | 1.0734 | 1.0830 | 1.0926 | 1.0985 | 1.1081 |
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 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): | 54.98 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 7.6184 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 1.0910 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0897 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 1.0881 | |
| Zig ZAG (10): | 1.0912 | |
| VORTEX (21): | 1.2736 | |
| Stochastique (14,3,5): | 66.37 | |
| TEMA (21): | 1.0918 | |
| Williams %R (14): | -42.55 | |
| Chande Momentum Oscillator (20): | 0.0019 | |
| Repulse (5,40,3): | -0.0140 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0016 | |
| Courbe Coppock: | 0.53 |
| MA7: | 1.0897 | |
| MA20: | 1.0751 | |
| MA50: | 1.0650 | |
| MA100: | 1.0793 | |
| MAexp7: | 1.0914 | |
| MAexp20: | 1.0906 | |
| MAexp50: | 1.0907 | |
| MAexp100: | 1.0898 | |
| Price / MA7: | +0.12% | |
| Price / MA20: | +1.48% | |
| Price / MA50: | +2.44% | |
| Price / MA100: | +1.08% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.11% |
Quotes :
-
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 November 23, 2023
-
EUR/USD Technical Analysis for November 23, 2023 by FXEmpire
-
EUR/USD Technical Analysis for November 22, 2023 by FXEmpire
-
EUR/USD Forecast November 21, 2023
-
EUR/USD Technical Analysis for November 21, 2023 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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