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EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURUSD
ISIN:

EUR/USD - 1H - Technical analysis published on 08/14/2024 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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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

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.

dtaccori
This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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:

Central Indicators

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

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard1.08521.08821.09391.09691.10261.10561.1113
Camarilla1.09711.09791.09871.09951.10031.10111.1019
Woodie1.08651.08891.09521.09761.10391.10631.1126
Fibonacci1.08821.09161.09361.09691.10031.10231.1056


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.07341.08081.08621.09361.09901.10641.1118
Camarilla1.08821.08941.09051.09171.09291.09411.0952
Woodie1.07251.08031.08531.09311.09811.10591.1109
Fibonacci1.08081.08571.08871.09361.09851.10151.1064


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.04691.05891.07071.08271.09451.10651.1183
Camarilla1.07591.07801.08021.08241.08461.08681.0890
Woodie1.04671.05891.07051.08271.09431.10651.1181
Fibonacci1.05891.06801.07361.08271.09181.09741.1065

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 : - Real time data - 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:

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

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