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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
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EUR/USD - 1H - Technical analysis published on 09/19/2024 (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
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

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.

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

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

Central Records

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:

Central Indicators

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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

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

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard1.09861.10411.10781.11331.11701.12251.1262
Camarilla1.10891.10971.11061.11141.11221.11311.1139
Woodie1.09761.10371.10681.11291.11601.12211.1252
Fibonacci1.10411.10771.10981.11331.11691.11901.1225


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.09151.09591.10151.10591.11151.11591.1215
Camarilla1.10451.10541.10631.10721.10811.10901.1100
Woodie1.09221.09621.10221.10621.11221.11621.1222
Fibonacci1.09591.09971.10211.10591.10971.11211.1159


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.03901.05831.08151.10081.12401.14331.1665
Camarilla1.09291.09681.10071.10461.10851.11241.1163
Woodie1.04091.05931.08341.10181.12591.14431.1684
Fibonacci1.05831.07461.08461.10081.11711.12711.1433

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 : - Real time data - Forex

News


The last news published on EUR/USD at the time of the generation of this analysis was as follows:

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

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