EUR/USD

- USD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURUSD
ISIN:

EUR/USD - 1H - Technical analysis published on 12/18/2024 (GMT)

Londinia

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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

11%

56%

33%

My opinion

Bearish under 1.0532 USD

My targets

1.0453 USD (-0.0036)

1.0430 USD (-0.0059)

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 1.0532 USD. The next support located at 1.0453 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 1.0430 USD. Below this support, sellers could then target 1.0129 USD.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

6.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by citytraderuk. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EUR/USD rating 1.0489 USD. The price is lower by -0.06% since the last closing and was between 1.0482 USD and 1.0513 USD. This implies that the price is at +0.07% from its lowest and at -0.23% from its highest.

1.0482

1.0513

1.0489

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

A technical analysis in 1H of this EUR/USD chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals 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 bearish. The Central Indicators scanner found no further results concerning independent technical indicators.

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.0430	1.0453	1.0480	1.0489	1.0498	1.0532	1.0567
Change (%)	-0.56%	-0.34%	-0.09%	-	+0.09%	+0.41%	+0.74%
Change	-0.0059	-0.0036	-0.0009	-	+0.0009	+0.0043	+0.0078
Level	Major	Minor	Major	-	Minor	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0416	1.0448	1.0471	1.0503	1.0526	1.0558	1.0581
Camarilla	1.0480	1.0485	1.0490	1.0495	1.0500	1.0505	1.0510
Woodie	1.0413	1.0446	1.0468	1.0501	1.0523	1.0556	1.0578
Fibonacci	1.0448	1.0469	1.0482	1.0503	1.0524	1.0537	1.0558

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0297	1.0375	1.0438	1.0516	1.0579	1.0657	1.0720
Camarilla	1.0462	1.0475	1.0488	1.0501	1.0514	1.0527	1.0540
Woodie	1.0290	1.0371	1.0431	1.0512	1.0572	1.0653	1.0713
Fibonacci	1.0375	1.0429	1.0462	1.0516	1.0570	1.0603	1.0657

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	44.48
MACD (12,26,9):	-0.0002
Directional Movement:	-3.8498
AROON (14):	-42.8571
DEMA (21):	1.0494
Parabolic SAR (0,02-0,02-0,2):	1.0508
Elder Ray (13):	-0.0004
Super Trend (3,10):	1.0521
Zig ZAG (10):	1.0494
VORTEX (21):	0.9552
Stochastique (14,3,5):	27.68
TEMA (21):	1.0493
Williams %R (14):	-67.74
Chande Momentum Oscillator (20):	-0.0010
Repulse (5,40,3):	-0.0423
ROCnROLL:	2
TRIX (15,9):	-0.0017
Courbe Coppock:	0.03

MA7:	1.0502
MA20:	1.0513
MA50:	1.0669
MA100:	1.0862
MAexp7:	1.0494
MAexp20:	1.0496
MAexp50:	1.0499
MAexp100:	1.0502
Price / MA7:	-0.12%
Price / MA20:	-0.23%
Price / MA50:	-1.69%
Price / MA100:	-3.43%
Price / MAexp7:	-0.05%
Price / MAexp20:	-0.07%
Price / MAexp50:	-0.10%
Price / MAexp100:	-0.12%

Quotes : - Real time data - Forex

News

The last news published on EUR/USD at the time of the generation of this analysis was as follows:

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

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