EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
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Type: Forex
Ticker: EURUSD
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EUR/USD - 1H - Technical analysis published on 09/19/2024 (GMT)

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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
83%
0%
17%
My opinion
Bullish above 1.1109 USD
My targets
1.1191 USD (+0.0036)
1.1235 USD (+0.0080)
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
8.8

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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 rating is 1.1155 USD. On the day, this instrument gained +0.37% with the lowest point at 1.1068 USD and the highest point at 1.1179 USD. The deviation from the price is +0.79% for the low point and -0.21% for the high point.

1.1068
1.1179
1.1155

A study of price movements over other periods shows the following variations:
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 EUR/USD in 1H shows a strongly overall 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

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 2

Type : Neutral

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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.1055 1.1109 1.1146 1.1155 1.1191 1.1235 1.1456
Change (%) -0.90% -0.41% -0.08% - +0.32% +0.72% +2.70%
Change -0.0100 -0.0046 -0.0009 - +0.0036 +0.0080 +0.0301
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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 65.18
MACD (12,26,9): 0.0012
Directional Movement: 23.6973
AROON (14): 57.1429
DEMA (21): 1.1150
Parabolic SAR (0,02-0,02-0,2): 1.1086
Elder Ray (13): 0.0028
Super Trend (3,10): 1.1125
Zig ZAG (10): 1.1172
VORTEX (21): 1.1529
Stochastique (14,3,5): 94.29
TEMA (21): 1.1161
Williams %R (14): -9.01
Chande Momentum Oscillator (20): 0.0054
Repulse (5,40,3): 0.0589
ROCnROLL: 1
TRIX (15,9): 0.0052
Courbe Coppock: 0.70
MA7: 1.1098
MA20: 1.1096
MA50: 1.0997
MA100: 1.0896
MAexp7: 1.1155
MAexp20: 1.1138
MAexp50: 1.1127
MAexp100: 1.1115
Price / MA7: +0.51%
Price / MA20: +0.53%
Price / MA50: +1.44%
Price / MA100: +2.38%
Price / MAexp7: -0%
Price / MAexp20: +0.15%
Price / MAexp50: +0.25%
Price / MAexp100: +0.36%

Quotes : - Real time data - Forex

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

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