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
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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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:
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:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| 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 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
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Forex
News
The latest news and videos published on EUR/USD at the time of the analysis were 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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