EUR/USD - 1H - Technical analysis published on 08/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 1.1150 USD
My targets
1.1072 USD (-0.0043)
1.1030 USD (-0.0085)
My analysis
EUR/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.1150 USD. The next support located at 1.1072 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.1030 USD. Below this support, sellers could then target 1.0952 USD.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.1115 USD. The price registered a decrease of -0.56% on the session with the lowest point at 1.1105 USD and the highest point at 1.1180 USD. The deviation from the price is +0.09% for the low point and -0.58% for the high point.1.1105
1.1180
1.1115
Here is a more detailed summary of the historical variations registered by EUR/USD:
Near a new HIGH record (1 year)
Type : Bullish
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 this 1H chart of EUR/USD indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
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.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of 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 | 1.1030 | 1.1072 | 1.1108 | 1.1115 | 1.1150 | 1.1179 | 1.1202 |
| Change (%) | -0.76% | -0.39% | -0.06% | - | +0.31% | +0.58% | +0.78% |
| Change | -0.0085 | -0.0043 | -0.0007 | - | +0.0035 | +0.0064 | +0.0087 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | Major |
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 | 1.1113 | 1.1132 | 1.1154 | 1.1173 | 1.1195 | 1.1214 | 1.1236 |
| Camarilla | 1.1166 | 1.1170 | 1.1173 | 1.1177 | 1.1181 | 1.1185 | 1.1188 |
| Woodie | 1.1116 | 1.1133 | 1.1157 | 1.1174 | 1.1198 | 1.1215 | 1.1239 |
| Fibonacci | 1.1132 | 1.1147 | 1.1157 | 1.1173 | 1.1188 | 1.1198 | 1.1214 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0896 | 1.0959 | 1.1075 | 1.1138 | 1.1254 | 1.1317 | 1.1433 |
| Camarilla | 1.1142 | 1.1158 | 1.1175 | 1.1191 | 1.1207 | 1.1224 | 1.1240 |
| Woodie | 1.0923 | 1.0972 | 1.1102 | 1.1151 | 1.1281 | 1.1330 | 1.1460 |
| Fibonacci | 1.0959 | 1.1027 | 1.1070 | 1.1138 | 1.1206 | 1.1249 | 1.1317 |
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): | 36.45 | |
| MACD (12,26,9): | -0.0014 | |
| Directional Movement: | -19.0886 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.1116 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1125 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 1.1151 | |
| Zig ZAG (10): | 1.1116 | |
| VORTEX (21): | 0.7518 | |
| Stochastique (14,3,5): | 15.01 | |
| TEMA (21): | 1.1107 | |
| Williams %R (14): | -75.93 | |
| Chande Momentum Oscillator (20): | -0.0038 | |
| Repulse (5,40,3): | 0.0196 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0163 | |
| Courbe Coppock: | 0.78 |
| MA7: | 1.1150 | |
| MA20: | 1.1020 | |
| MA50: | 1.0896 | |
| MA100: | 1.0832 | |
| MAexp7: | 1.1118 | |
| MAexp20: | 1.1133 | |
| MAexp50: | 1.1148 | |
| MAexp100: | 1.1146 | |
| Price / MA7: | -0.31% | |
| Price / MA20: | +0.86% | |
| Price / MA50: | +2.01% | |
| Price / MA100: | +2.61% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.30% | |
| 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:
-
Technical Outlook on US dollar index, EURUSD, USDJPY
-
EUR/USD Forecast August 26, 2024
-
EUR/USD Pulls Back Slightly: Forecast & Technical Analysis by Chris Lewis (August 21)
-
EUR/USD Forecast August 21, 2024
-
Eurodollar is the one to look at
This member declared not having a position on this financial instrument or a related financial instrument.
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