EUR/USD - 1H - Technical analysis published on 11/28/2023 (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:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1.0965 USD
My targets
1.1031 USD (+0.0053)
1.1069 USD (+0.0091)
My analysis
The bullish trend is currently very strong on EUR/USD. As long as the price remains above the support at 1.0965 USD, you could try to benefit from the boom. The first bullish objective is located at 1.1031 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.1069 USD as an objective. Crossing it would then enable buyers to target 1.1230 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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Additional analysis
Quotes
The EUR/USD rating is 1.0978 USD. On the day, this instrument gained +0.17% and was between 1.0934 USD and 1.1009 USD. This implies that the price is at +0.40% from its lowest and at -0.28% from its highest.1.0934
1.1009
1.0978
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
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 strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0925 | 1.0945 | 1.0965 | 1.0978 | 1.1069 | 1.1230 | 1.1723 |
| Change (%) | -0.48% | -0.30% | -0.12% | - | +0.83% | +2.30% | +6.79% |
| Change | -0.0053 | -0.0033 | -0.0013 | - | +0.0091 | +0.0252 | +0.0745 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | 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 | 1.0902 | 1.0914 | 1.0936 | 1.0948 | 1.0970 | 1.0982 | 1.1004 |
| Camarilla | 1.0950 | 1.0953 | 1.0956 | 1.0959 | 1.0962 | 1.0965 | 1.0968 |
| Woodie | 1.0908 | 1.0917 | 1.0942 | 1.0951 | 1.0976 | 1.0985 | 1.1010 |
| Fibonacci | 1.0914 | 1.0927 | 1.0935 | 1.0948 | 1.0961 | 1.0969 | 1.0982 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0758 | 1.0805 | 1.0871 | 1.0918 | 1.0984 | 1.1031 | 1.1097 |
| Camarilla | 1.0906 | 1.0916 | 1.0927 | 1.0937 | 1.0947 | 1.0958 | 1.0968 |
| Woodie | 1.0768 | 1.0810 | 1.0881 | 1.0923 | 1.0994 | 1.1036 | 1.1107 |
| Fibonacci | 1.0805 | 1.0848 | 1.0875 | 1.0918 | 1.0961 | 1.0988 | 1.1031 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 62.12 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 15.9195 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 1.0978 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0957 | |
| Elder Ray (13): | 0.0012 | |
| Super Trend (3,10): | 1.0946 | |
| Zig ZAG (10): | 1.0983 | |
| VORTEX (21): | 1.1014 | |
| Stochastique (14,3,5): | 77.76 | |
| TEMA (21): | 1.0983 | |
| Williams %R (14): | -36.00 | |
| Chande Momentum Oscillator (20): | 0.0035 | |
| Repulse (5,40,3): | -0.0507 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0085 | |
| Courbe Coppock: | 0.47 |
| MA7: | 1.0932 | |
| MA20: | 1.0807 | |
| MA50: | 1.0667 | |
| MA100: | 1.0792 | |
| MAexp7: | 1.0978 | |
| MAexp20: | 1.0966 | |
| MAexp50: | 1.0952 | |
| MAexp100: | 1.0936 | |
| Price / MA7: | +0.42% | |
| Price / MA20: | +1.58% | |
| Price / MA50: | +2.92% | |
| Price / MA100: | +1.72% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | +0.38% |
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 November 29, 2023
-
EUR/USD Technical Analysis for November 29, 2023 by FXEmpire
-
EUR/USD Technical Analysis for November 28, 2023 by FXEmpire
-
Technical Analysis: 27/11/2023 - EURUSD regains traction after mild pullback
-
EUR/USD Technical Analysis for the Week of November 27, 2023 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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