EUR/USD - 1H - Technical analysis published on 09/19/2024 (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
78%
6%
17%
My opinion
Bullish above 1.1109 USD
My targets
1.1191 USD (+0.0041)
1.1235 USD (+0.0085)
My analysis
The bullish trend is currently very strong on EUR/USD. As long as the price remains above the support at 1.1109 USD, you could try to benefit from the boom. The first bullish objective is located at 1.1191 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.1235 USD as an objective. Crossing it would then enable buyers to target 1.1456 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
0
10
8
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Additional analysis
Quotes
The EUR/USD price is 1.1150 USD. The price has increased by +0.32% since the last closing and was traded between 1.1068 USD and 1.1153 USD over the period. The price is currently at +0.74% from its lowest and -0.03% from its highest.1.1068
1.1153
1.1150
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/USD indicates that the overall trend is strongly bullish. 89.29% 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 market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
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
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1055 | 1.1109 | 1.1146 | 1.1150 | 1.1191 | 1.1235 | 1.1456 |
| Change (%) | -0.85% | -0.37% | -0.04% | - | +0.37% | +0.76% | +2.74% |
| Change | -0.0095 | -0.0041 | -0.0004 | - | +0.0041 | +0.0085 | +0.0306 |
| Level | Intermediate | Major | Intermediate | - | Major | 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 | 1.0986 | 1.1041 | 1.1078 | 1.1133 | 1.1170 | 1.1225 | 1.1262 |
| Camarilla | 1.1089 | 1.1097 | 1.1106 | 1.1114 | 1.1122 | 1.1131 | 1.1139 |
| Woodie | 1.0976 | 1.1037 | 1.1068 | 1.1129 | 1.1160 | 1.1221 | 1.1252 |
| Fibonacci | 1.1041 | 1.1077 | 1.1098 | 1.1133 | 1.1169 | 1.1190 | 1.1225 |
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 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): | 58.42 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 18.2485 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.1123 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1068 | |
| Elder Ray (13): | 0.0024 | |
| Super Trend (3,10): | 1.1096 | |
| Zig ZAG (10): | 1.1142 | |
| VORTEX (21): | 1.0272 | |
| Stochastique (14,3,5): | 59.78 | |
| TEMA (21): | 1.1125 | |
| Williams %R (14): | -38.02 | |
| Chande Momentum Oscillator (20): | 0.0037 | |
| Repulse (5,40,3): | 0.1862 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0030 | |
| Courbe Coppock: | 0.01 |
| MA7: | 1.1096 | |
| MA20: | 1.1095 | |
| MA50: | 1.0997 | |
| MA100: | 1.0896 | |
| MAexp7: | 1.1129 | |
| MAexp20: | 1.1121 | |
| MAexp50: | 1.1119 | |
| MAexp100: | 1.1110 | |
| Price / MA7: | +0.49% | |
| Price / MA20: | +0.50% | |
| Price / MA50: | +1.39% | |
| Price / MA100: | +2.33% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.36% |
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:
-
EUR/USD Forecast September 19, 2024
-
Euro Continues to Look to The Fed: EUR/USD Technical Analysis by Chris Lewis (09/18)
-
EUR/USD Forecast September 17, 2024
-
Weekly Technical Outlook on USDJPY, EURUSD and GBPUSD
-
Euro Sees Buyers on Dips: EUR/USD Technical Analysis by Chris Lewis for FX Empire (09/16)
This member declared not having a position on this financial instrument or a related financial instrument.
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