EUR/USD - 1H - Technical analysis published on 10/22/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 1.0861 USD
My targets
1.0811 USD (-0.0019)
1.0745 USD (-0.0085)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.0861 USD remains possible. It is advisable to trade EUR/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.0861 USD. The next bearish objective for sellers is set at 1.0811 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0745 USD. In case of crossing, the next objective would be the support located at 1.0679 USD. PS: if there is a bullish break in the resistance located at 1.0861 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.4
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Additional analysis
Quotes
The EUR/USD price is 1.0830 USD. The price registered an increase of +0.14% on the session and was traded between 1.0814 USD and 1.0838 USD over the period. The price is currently at +0.15% from its lowest and -0.07% from its highest.1.0814
1.0838
1.0830
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/USD in 1H shows an overall bearish trend. 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 bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.0679 | 1.0745 | 1.0811 | 1.0830 | 1.0861 | 1.0872 | 1.0900 |
| Change (%) | -1.39% | -0.78% | -0.18% | - | +0.29% | +0.39% | +0.65% |
| Change | -0.0151 | -0.0085 | -0.0019 | - | +0.0031 | +0.0042 | +0.0070 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | Intermediate |
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 | 1.0732 | 1.0772 | 1.0793 | 1.0833 | 1.0854 | 1.0894 | 1.0915 |
| Camarilla | 1.0798 | 1.0804 | 1.0809 | 1.0815 | 1.0821 | 1.0826 | 1.0832 |
| Woodie | 1.0724 | 1.0767 | 1.0785 | 1.0828 | 1.0846 | 1.0889 | 1.0907 |
| Fibonacci | 1.0772 | 1.0795 | 1.0809 | 1.0833 | 1.0856 | 1.0870 | 1.0894 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0680 | 1.0746 | 1.0806 | 1.0872 | 1.0932 | 1.0998 | 1.1058 |
| Camarilla | 1.0832 | 1.0844 | 1.0856 | 1.0867 | 1.0879 | 1.0890 | 1.0902 |
| Woodie | 1.0678 | 1.0745 | 1.0804 | 1.0871 | 1.0930 | 1.0997 | 1.1056 |
| Fibonacci | 1.0746 | 1.0794 | 1.0824 | 1.0872 | 1.0920 | 1.0950 | 1.0998 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0809 | 1.0906 | 1.1021 | 1.1118 | 1.1233 | 1.1330 | 1.1445 |
| Camarilla | 1.1079 | 1.1098 | 1.1118 | 1.1137 | 1.1156 | 1.1176 | 1.1195 |
| Woodie | 1.0819 | 1.0911 | 1.1031 | 1.1123 | 1.1243 | 1.1335 | 1.1455 |
| Fibonacci | 1.0906 | 1.0987 | 1.1037 | 1.1118 | 1.1199 | 1.1249 | 1.1330 |
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): | 48.04 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | 7.6209 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 1.0819 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0817 | |
| Elder Ray (13): | 0.0008 | |
| Super Trend (3,10): | 1.0808 | |
| Zig ZAG (10): | 1.0827 | |
| VORTEX (21): | 0.8773 | |
| Stochastique (14,3,5): | 77.78 | |
| TEMA (21): | 1.0819 | |
| Williams %R (14): | -44.44 | |
| Chande Momentum Oscillator (20): | 0.0012 | |
| Repulse (5,40,3): | 0.0166 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0110 | |
| Courbe Coppock: | 0.02 |
| MA7: | 1.0856 | |
| MA20: | 1.0974 | |
| MA50: | 1.1047 | |
| MA100: | 1.0936 | |
| MAexp7: | 1.0826 | |
| MAexp20: | 1.0826 | |
| MAexp50: | 1.0837 | |
| MAexp100: | 1.0852 | |
| Price / MA7: | -0.24% | |
| Price / MA20: | -1.31% | |
| Price / MA50: | -1.96% | |
| Price / MA100: | -0.97% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.21% |
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 October 22, 2024
-
Technical Outlook on EURUSD, GBPUSD, USDJPY
-
Technical Outlook on EURUSD, GBPUSD, USDJPY
-
EUR/USD Forecast October 10, 2024
-
EUR/USD Forecast October 9, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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