EURO FX FULL0625 - 1H - Technical analysis published on 12/08/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 1.13497 USD
My targets
1.13860 USD (+0.12%)
1.14608 USD (+0.78%)
My analysis
The bullish trend is currently very strong on EURO FX FULL0322. As long as the price remains above the support at 1.13497 USD, you could try to benefit from the boom. The first bullish objective is located at 1.13860 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.14608 USD as an objective. Crossing it would then enable buyers to target 1.15429 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2
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This analysis was given by Smurph77. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EURO FX FULL0322 rating 1.13720 USD. On the day, this instrument gained +0.72% and was traded between 1.12950 USD and 1.13820 USD over the period. The price is currently at +0.68% from its lowest and -0.09% from its highest.1.12950
1.13820
1.13720
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
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
Technical
Technical analysis of EURO FX FULL0322 in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.13114 | 1.13281 | 1.13497 | 1.13720 | 1.13860 | 1.15429 | 1.17360 |
| Change (%) | -0.53% | -0.39% | -0.20% | - | +0.12% | +1.50% | +3.20% |
| Change | -0.00606 | -0.00439 | -0.00223 | - | +0.00140 | +0.01709 | +0.03640 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Major | Major |
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 | 1.11847 | 1.12208 | 1.12557 | 1.12918 | 1.13267 | 1.13628 | 1.13977 |
| Camarilla | 1.12710 | 1.12775 | 1.12840 | 1.12905 | 1.12970 | 1.13035 | 1.13100 |
| Woodie | 1.11840 | 1.12205 | 1.12550 | 1.12915 | 1.13260 | 1.13625 | 1.13970 |
| Fibonacci | 1.12208 | 1.12480 | 1.12647 | 1.12918 | 1.13190 | 1.13357 | 1.13628 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.10902 | 1.11638 | 1.12387 | 1.13123 | 1.13872 | 1.14608 | 1.15357 |
| Camarilla | 1.12727 | 1.12863 | 1.12999 | 1.13135 | 1.13271 | 1.13407 | 1.13543 |
| Woodie | 1.10908 | 1.11641 | 1.12393 | 1.13126 | 1.13878 | 1.14611 | 1.15363 |
| Fibonacci | 1.11638 | 1.12206 | 1.12556 | 1.13123 | 1.13691 | 1.14041 | 1.14608 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.06970 | 1.09435 | 1.11320 | 1.13785 | 1.15670 | 1.18135 | 1.20020 |
| Camarilla | 1.12009 | 1.12408 | 1.12806 | 1.13205 | 1.13604 | 1.14003 | 1.14401 |
| Woodie | 1.06680 | 1.09290 | 1.11030 | 1.13640 | 1.15380 | 1.17990 | 1.19730 |
| Fibonacci | 1.09435 | 1.11097 | 1.12123 | 1.13785 | 1.15447 | 1.16473 | 1.18135 |
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): | 67.30 | |
| MACD (12,26,9): | 0.0019 | |
| Directional Movement: | 21.66008 | |
| AROON (14): | 57.14285 | |
| DEMA (21): | 1.13658 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.13346 | |
| Elder Ray (13): | 0.00206 | |
| Super Trend (3,10): | 1.13331 | |
| Zig ZAG (10): | 1.13710 | |
| VORTEX (21): | 1.2301 | |
| Stochastique (14,3,5): | 92.11 | |
| TEMA (21): | 1.13776 | |
| Williams %R (14): | -13.22 | |
| Chande Momentum Oscillator (20): | 0.00550 | |
| Repulse (5,40,3): | -0.0229 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0189 | |
| Courbe Coppock: | 0.89 |
| MA7: | 1.13146 | |
| MA20: | 1.13146 | |
| MA50: | 1.14882 | |
| MA100: | 1.16386 | |
| MAexp7: | 1.13658 | |
| MAexp20: | 1.13428 | |
| MAexp50: | 1.13220 | |
| MAexp100: | 1.13125 | |
| Price / MA7: | +0.51% | |
| Price / MA20: | +0.51% | |
| Price / MA50: | -1.01% | |
| Price / MA100: | -2.29% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | +0.44% | |
| Price / MAexp100: | +0.53% |
Quotes :
-
10 min delayed data
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CME Globex Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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