EUR/USD - 1H - Technical analysis published on 09/24/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 1.1145 USD
My targets
1.1083 USD (-0.0036)
1.1024 USD (-0.0095)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/USD. As long as you are under the resistance located at 1.1145 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.1083 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.1024 USD as an objective. Crossing it would then enable sellers to target 1.1005 USD. If the resistance 1.1145 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2.3
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This analysis was given by atimetwaly. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD price is 1.1119 USD. On the day, this instrument gained +0.07% with the lowest point at 1.1103 USD and the highest point at 1.1120 USD. The deviation from the price is +0.14% for the low point and -0.01% for the high point.1.1103
1.1120
1.1119
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 bearish. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1024 | 1.1083 | 1.1109 | 1.1119 | 1.1145 | 1.1168 | 1.1191 |
| Change (%) | -0.85% | -0.32% | -0.09% | - | +0.23% | +0.44% | +0.65% |
| Change | -0.0095 | -0.0036 | -0.0010 | - | +0.0026 | +0.0049 | +0.0072 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0986 | 1.1034 | 1.1073 | 1.1121 | 1.1160 | 1.1208 | 1.1247 |
| Camarilla | 1.1087 | 1.1095 | 1.1103 | 1.1111 | 1.1119 | 1.1127 | 1.1135 |
| Woodie | 1.0981 | 1.1032 | 1.1068 | 1.1119 | 1.1155 | 1.1206 | 1.1242 |
| Fibonacci | 1.1034 | 1.1068 | 1.1088 | 1.1121 | 1.1155 | 1.1175 | 1.1208 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0970 | 1.1019 | 1.1091 | 1.1140 | 1.1212 | 1.1261 | 1.1333 |
| Camarilla | 1.1130 | 1.1141 | 1.1152 | 1.1163 | 1.1174 | 1.1185 | 1.1196 |
| Woodie | 1.0982 | 1.1025 | 1.1103 | 1.1146 | 1.1224 | 1.1267 | 1.1345 |
| Fibonacci | 1.1019 | 1.1065 | 1.1094 | 1.1140 | 1.1186 | 1.1215 | 1.1261 |
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): | 43.73 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -11.0172 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 1.1108 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1120 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 1.1136 | |
| Zig ZAG (10): | 1.1114 | |
| VORTEX (21): | 1.0327 | |
| Stochastique (14,3,5): | 51.72 | |
| TEMA (21): | 1.1109 | |
| Williams %R (14): | -42.86 | |
| Chande Momentum Oscillator (20): | 0.0000 | |
| Repulse (5,40,3): | 0.0802 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0114 | |
| Courbe Coppock: | 0.15 |
| MA7: | 1.1131 | |
| MA20: | 1.1089 | |
| MA50: | 1.1011 | |
| MA100: | 1.0907 | |
| MAexp7: | 1.1115 | |
| MAexp20: | 1.1118 | |
| MAexp50: | 1.1129 | |
| MAexp100: | 1.1130 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | +0.27% | |
| Price / MA50: | +0.98% | |
| Price / MA100: | +1.94% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.10% |
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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