EUR/USD - 1H - Technical analysis published on 07/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 1.0875 USD
My targets
1.0840 USD (-0.0013)
1.0707 USD (-0.0146)
My analysis
The bearish trend is currently very strong for EUR/USD. As long as the price remains below the resistance at 1.0875 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.0840 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.0707 USD as an objective. Crossing it would then enable sellers to target 1.0621 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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Additional analysis
Quotes
EUR/USD rating 1.0853 USD. The price registered a decrease of -0.33% on the session and was traded between 1.0844 USD and 1.0897 USD over the period. The price is currently at +0.08% from its lowest and -0.40% from its highest.1.0844
1.0897
1.0853
Here is a more detailed summary of the historical variations registered by EUR/USD:
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 a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0621 | 1.0707 | 1.0840 | 1.0853 | 1.0862 | 1.0875 | 1.0892 |
| Change (%) | -2.14% | -1.35% | -0.12% | - | +0.08% | +0.20% | +0.36% |
| Change | -0.0232 | -0.0146 | -0.0013 | - | +0.0009 | +0.0022 | +0.0039 |
| Level | Intermediate | Major | Minor | - | Intermediate | 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 | 1.0844 | 1.0858 | 1.0874 | 1.0888 | 1.0904 | 1.0918 | 1.0934 |
| Camarilla | 1.0881 | 1.0884 | 1.0886 | 1.0889 | 1.0892 | 1.0895 | 1.0897 |
| Woodie | 1.0844 | 1.0859 | 1.0874 | 1.0889 | 1.0904 | 1.0919 | 1.0934 |
| Fibonacci | 1.0858 | 1.0870 | 1.0877 | 1.0888 | 1.0900 | 1.0907 | 1.0918 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0776 | 1.0823 | 1.0853 | 1.0900 | 1.0930 | 1.0977 | 1.1007 |
| Camarilla | 1.0861 | 1.0868 | 1.0875 | 1.0882 | 1.0889 | 1.0896 | 1.0903 |
| Woodie | 1.0767 | 1.0819 | 1.0844 | 1.0896 | 1.0921 | 1.0973 | 1.0998 |
| Fibonacci | 1.0823 | 1.0853 | 1.0871 | 1.0900 | 1.0930 | 1.0948 | 1.0977 |
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): | 34.83 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | -16.4349 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.0851 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0844 | |
| Elder Ray (13): | -0.0005 | |
| Super Trend (3,10): | 1.0876 | |
| Zig ZAG (10): | 1.0854 | |
| VORTEX (21): | 0.8098 | |
| Stochastique (14,3,5): | 21.03 | |
| TEMA (21): | 1.0847 | |
| Williams %R (14): | -74.36 | |
| Chande Momentum Oscillator (20): | -0.0013 | |
| Repulse (5,40,3): | 0.0159 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0116 | |
| Courbe Coppock: | 0.55 |
| MA7: | 1.0895 | |
| MA20: | 1.0827 | |
| MA50: | 1.0815 | |
| MA100: | 1.0801 | |
| MAexp7: | 1.0854 | |
| MAexp20: | 1.0863 | |
| MAexp50: | 1.0875 | |
| MAexp100: | 1.0884 | |
| Price / MA7: | -0.39% | |
| Price / MA20: | +0.24% | |
| Price / MA50: | +0.35% | |
| Price / MA100: | +0.48% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.28% |
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:
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EUR/USD Daily Forecast and Technical Analysis for July 23, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for July 22, 2024, by Chris Lewis for FX Empire
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EUR/USD Long Term Forecast and Technical Analysis for July 19, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for July 19, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for July 18, 2024, by Chris Lewis for FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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