EUR/USD - 1H - Technical analysis published on 08/08/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 1.0953 USD
My targets
1.0850 USD (-0.0067)
1.0804 USD (-0.0113)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade EUR/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.0953 USD. The next bearish objective for sellers is set at 1.0850 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0804 USD. In case of crossing, the next objective would be the support located at 1.0777 USD. In the event of a bullish break in the resistance located at 1.0953 USD a certain indecision would take hold.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.3
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Additional analysis
Quotes
EUR/USD rating 1.0917 USD. The price is lower by -0.09% since the last closing and was traded between 1.0881 USD and 1.0945 USD over the period. The price is currently at +0.33% from its lowest and -0.26% from its highest.1.0881
1.0945
1.0917
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
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 slightly bearish. 53.57% of the signals given by moving averages are bearish. The overall trend remains fragile, reflecting the slightly bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.0804 | 1.0850 | 1.0907 | 1.0917 | 1.0953 | 1.1004 | 1.1108 |
| Change (%) | -1.04% | -0.61% | -0.09% | - | +0.33% | +0.80% | +1.75% |
| Change | -0.0113 | -0.0067 | -0.0010 | - | +0.0036 | +0.0087 | +0.0191 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0877 | 1.0891 | 1.0909 | 1.0923 | 1.0941 | 1.0955 | 1.0973 |
| Camarilla | 1.0918 | 1.0921 | 1.0924 | 1.0927 | 1.0930 | 1.0933 | 1.0936 |
| Woodie | 1.0879 | 1.0892 | 1.0911 | 1.0924 | 1.0943 | 1.0956 | 1.0975 |
| Fibonacci | 1.0891 | 1.0903 | 1.0911 | 1.0923 | 1.0935 | 1.0943 | 1.0955 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0665 | 1.0721 | 1.0815 | 1.0871 | 1.0965 | 1.1021 | 1.1115 |
| Camarilla | 1.0868 | 1.0882 | 1.0895 | 1.0909 | 1.0923 | 1.0937 | 1.0950 |
| Woodie | 1.0684 | 1.0731 | 1.0834 | 1.0881 | 1.0984 | 1.1031 | 1.1134 |
| Fibonacci | 1.0721 | 1.0778 | 1.0814 | 1.0871 | 1.0928 | 1.0964 | 1.1021 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0469 | 1.0589 | 1.0707 | 1.0827 | 1.0945 | 1.1065 | 1.1183 |
| Camarilla | 1.0759 | 1.0780 | 1.0802 | 1.0824 | 1.0846 | 1.0868 | 1.0890 |
| Woodie | 1.0467 | 1.0589 | 1.0705 | 1.0827 | 1.0943 | 1.1065 | 1.1181 |
| Fibonacci | 1.0589 | 1.0680 | 1.0736 | 1.0827 | 1.0918 | 1.0974 | 1.1065 |
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): | 47.93 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -7.6615 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.0914 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0919 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 1.0935 | |
| Zig ZAG (10): | 1.0916 | |
| VORTEX (21): | 0.9544 | |
| Stochastique (14,3,5): | 56.25 | |
| TEMA (21): | 1.0912 | |
| Williams %R (14): | -45.31 | |
| Chande Momentum Oscillator (20): | -0.0021 | |
| Repulse (5,40,3): | 0.0388 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0038 | |
| Courbe Coppock: | 0.40 |
| MA7: | 1.0891 | |
| MA20: | 1.0879 | |
| MA50: | 1.0820 | |
| MA100: | 1.0796 | |
| MAexp7: | 1.0915 | |
| MAexp20: | 1.0919 | |
| MAexp50: | 1.0921 | |
| MAexp100: | 1.0913 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | +0.35% | |
| Price / MA50: | +0.90% | |
| Price / MA100: | +1.12% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | +0.04% |
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 Continues to Go Back and Forth: Forecast & Technical Analysis by Chris Lewis (August 8)
-
The Euro Bounces Around: EUR/USD Technical Analysis for by Chris Lewis for FX Empire (08/07)
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EUR/USD Bounces Around: Technical Analysis for August 07, 2024, by Chris Lewis for FX Empire
-
EUR/USD, All Over the Place: Technical Analysis for by Chris Lewis for FX Empire (08/05)
-
EUR/USD All Over the Place: Technical Analysis for August 05, 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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