EUR/USD - 1H - Technical analysis published on 05/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 1.0862 USD
My targets
1.0953 USD (+0.0078)
1.1004 USD (+0.0129)
My analysis
The basic bullish trend is very strong on EUR/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1.0862 USD. Crossing the first resistance at 1.0953 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.1004 USD as an objective. Crossing it would then enable buyers to target 1.1108 USD. Caution, a return to below 1.0862 USD would be a sign of a consolidation phase in the short-term basic trend. 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.5
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Additional analysis
Quotes
EUR/USD rating 1.0875 USD. The price registered a decrease of -0.12% on the session and was between 1.0873 USD and 1.0895 USD. This implies that the price is at +0.02% from its lowest and at -0.18% from its highest.1.0873
1.0895
1.0875
A study of price movements over other periods shows the following variations:
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. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 7 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.0791 | 1.0826 | 1.0862 | 1.0875 | 1.0953 | 1.1004 | 1.1108 |
| Change (%) | -0.77% | -0.45% | -0.12% | - | +0.72% | +1.19% | +2.14% |
| Change | -0.0084 | -0.0049 | -0.0013 | - | +0.0078 | +0.0129 | +0.0233 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | Intermediate |
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 | 1.0760 | 1.0787 | 1.0837 | 1.0864 | 1.0914 | 1.0941 | 1.0991 |
| Camarilla | 1.0867 | 1.0874 | 1.0881 | 1.0888 | 1.0895 | 1.0902 | 1.0909 |
| Woodie | 1.0773 | 1.0793 | 1.0850 | 1.0870 | 1.0927 | 1.0947 | 1.1004 |
| Fibonacci | 1.0787 | 1.0816 | 1.0834 | 1.0864 | 1.0893 | 1.0911 | 1.0941 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0666 | 1.0695 | 1.0733 | 1.0762 | 1.0800 | 1.0829 | 1.0867 |
| Camarilla | 1.0753 | 1.0759 | 1.0765 | 1.0771 | 1.0777 | 1.0783 | 1.0789 |
| Woodie | 1.0671 | 1.0697 | 1.0738 | 1.0764 | 1.0805 | 1.0831 | 1.0872 |
| Fibonacci | 1.0695 | 1.0721 | 1.0736 | 1.0762 | 1.0788 | 1.0803 | 1.0829 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0266 | 1.0433 | 1.0550 | 1.0717 | 1.0834 | 1.1001 | 1.1118 |
| Camarilla | 1.0588 | 1.0614 | 1.0640 | 1.0666 | 1.0692 | 1.0718 | 1.0744 |
| Woodie | 1.0240 | 1.0421 | 1.0524 | 1.0705 | 1.0808 | 1.0989 | 1.1092 |
| Fibonacci | 1.0433 | 1.0542 | 1.0609 | 1.0717 | 1.0826 | 1.0893 | 1.1001 |
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): | 58.69 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | 7.3374 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.0891 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0892 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 1.0859 | |
| Zig ZAG (10): | 1.0876 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 32.40 | |
| TEMA (21): | 1.0890 | |
| Williams %R (14): | -78.26 | |
| Chande Momentum Oscillator (20): | -0.0005 | |
| Repulse (5,40,3): | -0.0703 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0216 | |
| Courbe Coppock: | 0.33 |
| MA7: | 1.0810 | |
| MA20: | 1.0745 | |
| MA50: | 1.0785 | |
| MA100: | 1.0822 | |
| MAexp7: | 1.0880 | |
| MAexp20: | 1.0873 | |
| MAexp50: | 1.0847 | |
| MAexp100: | 1.0821 | |
| Price / MA7: | +0.60% | |
| Price / MA20: | +1.21% | |
| Price / MA50: | +0.83% | |
| Price / MA100: | +0.49% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.50% |
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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