EUR/USD - 1H - Technical analysis published on 08/14/2024 (GMT)
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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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.1004 USD
My targets
1.1108 USD (+0.0087)
1.1235 USD (+0.0214)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/USD as long as the price remains well above 1.1004 USD. The buyers' bullish objective is set at 1.1108 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1235 USD. If there is any crossing, the next objective would be the resistance located at 1.1456 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9
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Additional analysis
Quotes
The EUR/USD price is 1.1021 USD. On the day, this instrument gained +0.24% and was traded between 1.0986 USD and 1.1023 USD over the period. The price is currently at +0.32% from its lowest and -0.02% from its highest.1.0986
1.1023
1.1021
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish 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, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0928 | 1.0952 | 1.1004 | 1.1021 | 1.1108 | 1.1235 | 1.1456 |
| Change (%) | -0.84% | -0.63% | -0.15% | - | +0.79% | +1.94% | +3.95% |
| Change | -0.0093 | -0.0069 | -0.0017 | - | +0.0087 | +0.0214 | +0.0435 |
| Level | Major | Major | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 1.0852 | 1.0882 | 1.0939 | 1.0969 | 1.1026 | 1.1056 | 1.1113 |
| Camarilla | 1.0971 | 1.0979 | 1.0987 | 1.0995 | 1.1003 | 1.1011 | 1.1019 |
| Woodie | 1.0865 | 1.0889 | 1.0952 | 1.0976 | 1.1039 | 1.1063 | 1.1126 |
| Fibonacci | 1.0882 | 1.0916 | 1.0936 | 1.0969 | 1.1003 | 1.1023 | 1.1056 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0734 | 1.0808 | 1.0862 | 1.0936 | 1.0990 | 1.1064 | 1.1118 |
| Camarilla | 1.0882 | 1.0894 | 1.0905 | 1.0917 | 1.0929 | 1.0941 | 1.0952 |
| Woodie | 1.0725 | 1.0803 | 1.0853 | 1.0931 | 1.0981 | 1.1059 | 1.1109 |
| Fibonacci | 1.0808 | 1.0857 | 1.0887 | 1.0936 | 1.0985 | 1.1015 | 1.1064 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 79.37 | |
| MACD (12,26,9): | 0.0017 | |
| Directional Movement: | 27.1371 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 1.1011 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0991 | |
| Elder Ray (13): | 0.0020 | |
| Super Trend (3,10): | 1.0989 | |
| Zig ZAG (10): | 1.1019 | |
| VORTEX (21): | 1.4110 | |
| Stochastique (14,3,5): | 96.11 | |
| TEMA (21): | 1.1016 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.0029 | |
| Repulse (5,40,3): | 0.2447 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0212 | |
| Courbe Coppock: | 0.44 |
| MA7: | 1.0948 | |
| MA20: | 1.0890 | |
| MA50: | 1.0827 | |
| MA100: | 1.0802 | |
| MAexp7: | 1.1007 | |
| MAexp20: | 1.0989 | |
| MAexp50: | 1.0964 | |
| MAexp100: | 1.0945 | |
| Price / MA7: | +0.67% | |
| Price / MA20: | +1.20% | |
| Price / MA50: | +1.79% | |
| Price / MA100: | +2.03% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.29% | |
| Price / MAexp50: | +0.52% | |
| Price / MAexp100: | +0.69% |
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:
-
EUR/USD Continues to Grind Away : Forecast & Technical Analysis by Chris Lewis (August 13)
-
EUR/USD Continues to Consolidate: Forecast & Technical Analysis by Chris Lewis (August 12)
-
EUR/USD Continues to See Uncertainty: Long Term Forecast by Chris Lewis (August 9)
-
EUR/USD Continues to Trade in a Range: Forecast & Technical Analysis by Chris Lewis (August 9)
-
EUR/USD Continues to Go Back and Forth: Forecast & Technical Analysis by Chris Lewis (August 8)
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