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EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
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Change: -
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Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURUSD
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EUR/USD - 1H - Technical analysis published on 07/02/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 1.0720 USD
My targets
1.0747 USD (+0.0012)
1.0762 USD (+0.0027)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.0720 USD remains possible. It is advisable to trade EUR/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.0720 USD. The next bullish objective for buyers is set at 1.0747 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0762 USD. If there is any crossing, the next objective would be the resistance located at 1.0777 USD. PS: if there is a bearish break in the support located at 1.0720 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.7

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.

Anasabbas1991
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15 min. Daily Weekly

Additional analysis

Quotes

The EUR/USD price is 1.0735 USD. On the day, this instrument lost -0.02% with the lowest point at 1.0727 USD and the highest point at 1.0739 USD. The deviation from the price is +0.07% for the low point and -0.04% for the high point.

1.0727
1.0739
1.0735

Here is a more detailed summary of the historical variations registered by EUR/USD:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1 year)

Type : Bearish

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 this 1H chart of EUR/USD indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Central Candlesticks

White hanging man / hammer

Type : Neutral

Timeframe : 1 hour


Grip bottom and hammer

Type : Bullish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0691 1.0707 1.0720 1.0735 1.0747 1.0762 1.0777
Change (%) -0.41% -0.26% -0.14% - +0.11% +0.25% +0.39%
Change -0.0044 -0.0028 -0.0015 - +0.0012 +0.0027 +0.0042
Level Minor Major Major - Intermediate Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.06551.06881.07121.07451.07691.08021.0826
Camarilla1.07211.07271.07321.07371.07421.07481.0753
Woodie1.06521.06861.07091.07431.07661.08001.0823
Fibonacci1.06881.07091.07231.07451.07661.07801.0802


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.05891.06281.06701.07091.07511.07901.0832
Camarilla1.06911.06981.07061.07131.07201.07281.0735
Woodie1.05921.06291.06731.07101.07541.07911.0835
Fibonacci1.06281.06591.06781.07091.07401.07591.0790


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.03641.05151.06141.07651.08641.10151.1114
Camarilla1.06441.06671.06901.07131.07361.07591.0782
Woodie1.03381.05021.05881.07521.08381.10021.1088
Fibonacci1.05151.06111.06701.07651.08611.09201.1015

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): 45.53
MACD (12,26,9): -0.0001
Directional Movement: -4.0778
AROON (14): 35.7143
DEMA (21): 1.0736
Parabolic SAR (0,02-0,02-0,2): 1.0737
Elder Ray (13): -0.0006
Super Trend (3,10): 1.0752
Zig ZAG (10): 1.0732
VORTEX (21): 0.8824
Stochastique (14,3,5): 34.77
TEMA (21): 1.0730
Williams %R (14): -63.16
Chande Momentum Oscillator (20): 0.0002
Repulse (5,40,3): -0.0018
ROCnROLL: -1
TRIX (15,9): 0.0005
Courbe Coppock: 0.13
MA7: 1.0716
MA20: 1.0748
MA50: 1.0778
MA100: 1.0793
MAexp7: 1.0733
MAexp20: 1.0736
MAexp50: 1.0731
MAexp100: 1.0723
Price / MA7: +0.18%
Price / MA20: -0.12%
Price / MA50: -0.40%
Price / MA100: -0.54%
Price / MAexp7: +0.02%
Price / MAexp20: -0.01%
Price / MAexp50: +0.04%
Price / MAexp100: +0.11%

Quotes : - Real time data - Forex

News


The latest news and videos published on EUR/USD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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