EUR/USD - 1H - Technical analysis published on 12/20/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
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
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This analysis was given by Mark Thomer. Take part yourself by sharing additional analysis on another time unit:
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.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/USD:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0264 | 1.0307 | 1.0336 | 1.0379 | 1.0408 | 1.0451 | 1.0480 |
| Camarilla | 1.0345 | 1.0352 | 1.0358 | 1.0365 | 1.0372 | 1.0378 | 1.0385 |
| Woodie | 1.0257 | 1.0304 | 1.0329 | 1.0376 | 1.0401 | 1.0448 | 1.0473 |
| Fibonacci | 1.0307 | 1.0335 | 1.0352 | 1.0379 | 1.0407 | 1.0424 | 1.0451 |
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 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 :
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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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This member declared not having a position on this financial instrument or a related financial instrument.
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