EUR/USD - 1H - Technical analysis published on 12/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 1.0557 USD
My targets
1.0516 USD (-0.0014)
1.0501 USD (-0.0029)
My analysis
EUR/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.0557 USD. The next support located at 1.0516 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.0501 USD. Below this support, sellers could then target 1.0472 USD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
4.8
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This analysis was given by Barts_XV. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD rating is 1.0530 USD. The price registered a decrease of -0.23% on the session and was between 1.0523 USD and 1.0568 USD. This implies that the price is at +0.07% from its lowest and at -0.36% from its highest.1.0523
1.0568
1.0530
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
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. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 1.0472 | 1.0501 | 1.0516 | 1.0530 | 1.0532 | 1.0557 | 1.0570 |
| Change (%) | -0.55% | -0.28% | -0.13% | - | +0.02% | +0.26% | +0.38% |
| Change | -0.0058 | -0.0029 | -0.0014 | - | +0.0002 | +0.0027 | +0.0040 |
| Level | Intermediate | Intermediate | Minor | - | Major | Minor | 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 | 1.0464 | 1.0498 | 1.0526 | 1.0560 | 1.0588 | 1.0622 | 1.0650 |
| Camarilla | 1.0537 | 1.0543 | 1.0548 | 1.0554 | 1.0560 | 1.0565 | 1.0571 |
| Woodie | 1.0461 | 1.0497 | 1.0523 | 1.0559 | 1.0585 | 1.0621 | 1.0647 |
| Fibonacci | 1.0498 | 1.0522 | 1.0536 | 1.0560 | 1.0584 | 1.0598 | 1.0622 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0307 | 1.0384 | 1.0476 | 1.0553 | 1.0645 | 1.0722 | 1.0814 |
| Camarilla | 1.0522 | 1.0537 | 1.0553 | 1.0568 | 1.0584 | 1.0599 | 1.0615 |
| Woodie | 1.0315 | 1.0388 | 1.0484 | 1.0557 | 1.0653 | 1.0726 | 1.0822 |
| Fibonacci | 1.0384 | 1.0449 | 1.0488 | 1.0553 | 1.0618 | 1.0657 | 1.0722 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9690 | 1.0012 | 1.0294 | 1.0616 | 1.0898 | 1.1220 | 1.1502 |
| Camarilla | 1.0411 | 1.0466 | 1.0522 | 1.0577 | 1.0632 | 1.0688 | 1.0743 |
| Woodie | 0.9671 | 1.0002 | 1.0275 | 1.0606 | 1.0879 | 1.1210 | 1.1483 |
| Fibonacci | 1.0012 | 1.0242 | 1.0385 | 1.0616 | 1.0846 | 1.0989 | 1.1220 |
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): | 33.46 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -14.8959 | |
| AROON (14): | -21.4285 | |
| DEMA (21): | 1.0545 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0563 | |
| Elder Ray (13): | -0.0016 | |
| Super Trend (3,10): | 1.0565 | |
| Zig ZAG (10): | 1.0528 | |
| VORTEX (21): | 0.8675 | |
| Stochastique (14,3,5): | 10.70 | |
| TEMA (21): | 1.0540 | |
| Williams %R (14): | -91.11 | |
| Chande Momentum Oscillator (20): | -0.0027 | |
| Repulse (5,40,3): | -0.2268 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0044 | |
| Courbe Coppock: | 0.32 |
| MA7: | 1.0537 | |
| MA20: | 1.0533 | |
| MA50: | 1.0728 | |
| MA100: | 1.0882 | |
| MAexp7: | 1.0542 | |
| MAexp20: | 1.0552 | |
| MAexp50: | 1.0556 | |
| MAexp100: | 1.0551 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | -0.03% | |
| Price / MA50: | -1.85% | |
| Price / MA100: | -3.23% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -0.20% |
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:
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Technical Outlook on USDJPY, EURUSD, USDCAD
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Technical Outlook on USDJPY, EURUSD, USDCAD
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EUR/USD Forecast December 9, 2024
-
EUR/USD Forecast December 5, 2024
-
EUR/USD Forecast November 29, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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