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 09/18/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 1.1146 USD

My targets

1.1191 USD (+0.0012)

1.1235 USD (+0.0056)

My analysis

EUR/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.1146 USD. The next resistance located at 1.1191 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.1235 USD. After this resistance, buyers could then target 1.1456 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

Comment on the analysis

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.

This analysis was given by atimetwaly. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EUR/USD rating 1.1179 USD. On the day, this instrument gained +0.51% and was between 1.1108 USD and 1.1179 USD. This implies that the price is at +0.64% from its lowest and at 0% from its highest.

1.1108

1.1179

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

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

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. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Long white line

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.1109	1.1124	1.1146	1.1179	1.1191	1.1235	1.1456
Change (%)	-0.63%	-0.49%	-0.30%	-	+0.11%	+0.50%	+2.48%
Change	-0.0070	-0.0055	-0.0033	-	+0.0012	+0.0056	+0.0277
Level	Intermediate	Minor	Major	-	Intermediate	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.1072	1.1091	1.1107	1.1126	1.1142	1.1161	1.1177
Camarilla	1.1112	1.1116	1.1119	1.1122	1.1125	1.1128	1.1132
Woodie	1.1070	1.1090	1.1105	1.1125	1.1140	1.1160	1.1175
Fibonacci	1.1091	1.1105	1.1113	1.1126	1.1140	1.1148	1.1161

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0915	1.0959	1.1015	1.1059	1.1115	1.1159	1.1215
Camarilla	1.1045	1.1054	1.1063	1.1072	1.1081	1.1090	1.1100
Woodie	1.0922	1.0962	1.1022	1.1062	1.1122	1.1162	1.1222
Fibonacci	1.0959	1.0997	1.1021	1.1059	1.1097	1.1121	1.1159

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0390	1.0583	1.0815	1.1008	1.1240	1.1433	1.1665
Camarilla	1.0929	1.0968	1.1007	1.1046	1.1085	1.1124	1.1163
Woodie	1.0409	1.0593	1.0834	1.1018	1.1259	1.1443	1.1684
Fibonacci	1.0583	1.0746	1.0846	1.1008	1.1171	1.1271	1.1433

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):	69.86
MACD (12,26,9):	0.0004
Directional Movement:	27.3335
AROON (14):	28.5714
DEMA (21):	1.1133
Parabolic SAR (0,02-0,02-0,2):	1.1108
Elder Ray (13):	0.0021
Super Trend (3,10):	1.1109
Zig ZAG (10):	1.1168
VORTEX (21):	1.0510
Stochastique (14,3,5):	65.57
TEMA (21):	1.1135
Williams %R (14):	-14.08
Chande Momentum Oscillator (20):	0.0049
Repulse (5,40,3):	0.4856
ROCnROLL:	1
TRIX (15,9):	0.0015
Courbe Coppock:	0.15

MA7:	1.1086
MA20:	1.1097
MA50:	1.0992
MA100:	1.0892
MAexp7:	1.1136
MAexp20:	1.1129
MAexp50:	1.1122
MAexp100:	1.1108
Price / MA7:	+0.84%
Price / MA20:	+0.74%
Price / MA50:	+1.70%
Price / MA100:	+2.63%
Price / MAexp7:	+0.39%
Price / MAexp20:	+0.45%
Price / MAexp50:	+0.51%
Price / MAexp100:	+0.64%

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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