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EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURUSD
ISIN:

EUR/USD - 1H - Technical analysis published on 12/11/2023 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 1.0804 USD
My targets
1.0724 USD (-0.0034)
1.0638 USD (-0.0120)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/USD as long as the price remains well below 1.0804 USD. The next bearish objective for sellers is set at 1.0724 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0638 USD. If there is any crossing, the next objective would be the support located at 1.0469 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.6

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.

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

Additional analysis

Quotes

EUR/USD rating 1.0758 USD. The price registered a decrease of -0.07% on the session and was traded between 1.0750 USD and 1.0779 USD over the period. The price is currently at +0.07% from its lowest and -0.19% from its highest.

1.0750
1.0779
1.0758

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 EUR/USD in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0638 1.0724 1.0757 1.0758 1.0804 1.0848 1.0928
Change (%) -1.12% -0.32% -0.01% - +0.43% +0.84% +1.58%
Change -0.0120 -0.0034 -0.0001 - +0.0046 +0.0090 +0.0170
Level Major Minor Intermediate - Major Minor Intermediate



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
Standard1.06491.06861.07261.07631.08031.08401.0880
Camarilla1.07441.07511.07581.07651.07721.07791.0786
Woodie1.06501.06871.07271.07641.08041.08411.0881
Fibonacci1.06861.07161.07341.07631.07931.08111.0840


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.05231.06241.06941.07951.08651.09661.1036
Camarilla1.07181.07341.07491.07651.07811.07961.0812
Woodie1.05091.06161.06801.07871.08511.09581.1022
Fibonacci1.06241.06891.07291.07951.08601.09001.0966


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.01001.03091.06001.08091.11001.13091.1600
Camarilla1.07551.08001.08461.08921.09381.09841.1030
Woodie1.01421.03301.06421.08301.11421.13301.1642
Fibonacci1.03091.05001.06181.08091.10001.11181.1309

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): 42.32
MACD (12,26,9): -0.0002
Directional Movement: -7.6274
AROON (14): 14.2857
DEMA (21): 1.0762
Parabolic SAR (0,02-0,02-0,2): 1.0748
Elder Ray (13): -0.0008
Super Trend (3,10): 1.0792
Zig ZAG (10): 1.0761
VORTEX (21): 1.0537
Stochastique (14,3,5): 41.67
TEMA (21): 1.0763
Williams %R (14): -75.00
Chande Momentum Oscillator (20): -0.0010
Repulse (5,40,3): -0.0490
ROCnROLL: 2
TRIX (15,9): -0.0033
Courbe Coppock: 0.01
MA7: 1.0799
MA20: 1.0875
MA50: 1.0711
MA100: 1.0761
MAexp7: 1.0763
MAexp20: 1.0765
MAexp50: 1.0772
MAexp100: 1.0789
Price / MA7: -0.38%
Price / MA20: -1.08%
Price / MA50: +0.44%
Price / MA100: -0.03%
Price / MAexp7: -0.05%
Price / MAexp20: -0.07%
Price / MAexp50: -0.13%
Price / MAexp100: -0.29%

Quotes : - Real time data - 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:

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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