EUR/USD - 1H - Technical analysis published on 07/16/2024 (GMT)
- 163
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.0907 USD
My targets
1.0861 USD (-0.0015)
1.0843 USD (-0.0033)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on EUR/USD as long as the price remains well below 1.0907 USD. The next bearish objective for sellers is set at 1.0861 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0843 USD. In case of crossing, the next objective would be the support located at 1.0809 USD.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
3.2
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.
This analysis was given by nicushor. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD price is 1.0876 USD. The price registered a decrease of -0.20% on the session and was traded between 1.0876 USD and 1.0906 USD over the period. The price is currently at 0% from its lowest and -0.28% from its highest.1.0876
1.0906
1.0876
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 EUR/USD in 1H shows an overall slightly bearish trend. 46.43% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 1.0809 | 1.0843 | 1.0861 | 1.0876 | 1.0883 | 1.0907 | 1.0922 |
| Change (%) | -0.62% | -0.30% | -0.14% | - | +0.06% | +0.29% | +0.42% |
| Change | -0.0067 | -0.0033 | -0.0015 | - | +0.0007 | +0.0031 | +0.0046 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0836 | 1.0858 | 1.0878 | 1.0900 | 1.0920 | 1.0942 | 1.0962 |
| Camarilla | 1.0887 | 1.0890 | 1.0894 | 1.0898 | 1.0902 | 1.0906 | 1.0910 |
| Woodie | 1.0835 | 1.0858 | 1.0877 | 1.0900 | 1.0919 | 1.0942 | 1.0961 |
| Fibonacci | 1.0858 | 1.0874 | 1.0884 | 1.0900 | 1.0916 | 1.0926 | 1.0942 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0721 | 1.0761 | 1.0833 | 1.0873 | 1.0945 | 1.0985 | 1.1057 |
| Camarilla | 1.0875 | 1.0886 | 1.0896 | 1.0906 | 1.0916 | 1.0927 | 1.0937 |
| Woodie | 1.0738 | 1.0769 | 1.0850 | 1.0881 | 1.0962 | 1.0993 | 1.1074 |
| Fibonacci | 1.0761 | 1.0804 | 1.0830 | 1.0873 | 1.0916 | 1.0942 | 1.0985 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0364 | 1.0515 | 1.0614 | 1.0765 | 1.0864 | 1.1015 | 1.1114 |
| Camarilla | 1.0644 | 1.0667 | 1.0690 | 1.0713 | 1.0736 | 1.0759 | 1.0782 |
| Woodie | 1.0338 | 1.0502 | 1.0588 | 1.0752 | 1.0838 | 1.1002 | 1.1088 |
| Fibonacci | 1.0515 | 1.0611 | 1.0670 | 1.0765 | 1.0861 | 1.0920 | 1.1015 |
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): | 37.38 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -11.9565 | |
| AROON (14): | 0 | |
| DEMA (21): | 1.0892 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0906 | |
| Elder Ray (13): | -0.0013 | |
| Super Trend (3,10): | 1.0908 | |
| Zig ZAG (10): | 1.0878 | |
| VORTEX (21): | 0.8631 | |
| Stochastique (14,3,5): | 39.05 | |
| TEMA (21): | 1.0888 | |
| Williams %R (14): | -93.33 | |
| Chande Momentum Oscillator (20): | -0.0015 | |
| Repulse (5,40,3): | -0.1652 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0014 | |
| Courbe Coppock: | 0.08 |
| MA7: | 1.0862 | |
| MA20: | 1.0782 | |
| MA50: | 1.0803 | |
| MA100: | 1.0798 | |
| MAexp7: | 1.0889 | |
| MAexp20: | 1.0894 | |
| MAexp50: | 1.0891 | |
| MAexp100: | 1.0876 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | +0.87% | |
| Price / MA50: | +0.68% | |
| Price / MA100: | +0.72% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0% |
Quotes :
-
Real time data
-
Forex
News
The last news published on EUR/USD at the time of the generation of this analysis was as follows:
-
EUR/USD Daily Forecast and Technical Analysis for July 15, 2024, by Chris Lewis for FX Empire
-
EUR/USD Long Term Forecast and Technical Analysis for July 12, 2024, by Chris Lewis for FX Empire
-
EUR/USD Daily Forecast and Technical Analysis for July 12, 2024, by Chris Lewis for FX Empire
-
EUR/USD Forecast July 12, 2024
-
EUR/USD Daily Forecast and Technical Analysis for July 11, 2024, by Chris Lewis for FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis EUR/USD - 1H