EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURUSD
ISIN:

EUR/USD - 1H - Technical analysis published on 12/20/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
44%
28%
28%
My opinion
Bearish under 1.0430 USD
My targets
1.0344 USD (-0.0033)
1.0297 USD (-0.0080)
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 1.0430 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.0344 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 1.0297 USD as an objective. Crossing it would then enable sellers to target 1.0129 USD. If the resistance 1.0430 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.4

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 Mark Thomer. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/USD rating is 1.0377 USD. The price registered an increase of +0.12% on the session and was traded between 1.0343 USD and 1.0379 USD over the period. The price is currently at +0.33% from its lowest and -0.02% from its highest.

1.0343
1.0379
1.0377

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by EUR/USD:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 EUR/USD in 1H shows an overall bearish trend. 78.57% 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 market scanner currently does not detect any result that concerns moving averages.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


Momentum indicator is back under 0

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


S3S2S1PriceR1R2R3
ProTrendLines 0.9596 1.0129 1.0344 1.0377 1.0430 1.0480 1.0533
Change (%) -7.53% -2.39% -0.32% - +0.51% +0.99% +1.50%
Change -0.0781 -0.0248 -0.0033 - +0.0053 +0.0103 +0.0156
Level Intermediate Minor Intermediate - Major 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
Standard1.02641.03071.03361.03791.04081.04511.0480
Camarilla1.03451.03521.03581.03651.03721.03781.0385
Woodie1.02571.03041.03291.03761.04011.04481.0473
Fibonacci1.03071.03351.03521.03791.04071.04241.0451


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.02971.03751.04381.05161.05791.06571.0720
Camarilla1.04621.04751.04881.05011.05141.05271.0540
Woodie1.02901.03711.04311.05121.05721.06531.0713
Fibonacci1.03751.04291.04621.05161.05701.06031.0657


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.96901.00121.02941.06161.08981.12201.1502
Camarilla1.04111.04661.05221.05771.06321.06881.0743
Woodie0.96711.00021.02751.06061.08791.12101.1483
Fibonacci1.00121.02421.03851.06161.08461.09891.1220

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): 43.30
MACD (12,26,9): -0.0012
Directional Movement: -14.3143
AROON (14): -100.0000
DEMA (21): 1.0356
Parabolic SAR (0,02-0,02-0,2): 1.0394
Elder Ray (13): -0.0011
Super Trend (3,10): 1.0396
Zig ZAG (10): 1.0371
VORTEX (21): 0.7848
Stochastique (14,3,5): 41.53
TEMA (21): 1.0361
Williams %R (14): -20.59
Chande Momentum Oscillator (20): -0.0003
Repulse (5,40,3): 0.2418
ROCnROLL: -1
TRIX (15,9): -0.0194
Courbe Coppock: 0.33
MA7: 1.0439
MA20: 1.0499
MA50: 1.0643
MA100: 1.0851
MAexp7: 1.0365
MAexp20: 1.0373
MAexp50: 1.0402
MAexp100: 1.0436
Price / MA7: -0.59%
Price / MA20: -1.16%
Price / MA50: -2.50%
Price / MA100: -4.37%
Price / MAexp7: +0.12%
Price / MAexp20: +0.04%
Price / MAexp50: -0.24%
Price / MAexp100: -0.57%

Quotes : - Real time data - Forex

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

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