EURO FX FULL1224 - 1H - Technical analysis published on 03/04/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 1.10601 USD
My targets
1.09625 USD (-0.46%)
1.08338 USD (-1.63%)
My analysis
EURO FX FULL0322 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 1.10601 USD. The next support located at 1.09625 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 1.08338 USD. Below this support, sellers could then target 1.06915 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.3
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Additional analysis
Quotes
EURO FX FULL0322 rating 1.10135 USD. The price is lower by -0.42% since the last closing and was traded between 1.10110 USD and 1.10695 USD over the period. The price is currently at +0.02% from its lowest and -0.51% from its highest.1.10110
1.10695
1.10135
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EURO FX FULL0322:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EURO FX FULL0322 indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly 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, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.04517 | 1.06915 | 1.09625 | 1.10135 | 1.10601 | 1.11503 | 1.12747 |
| Change (%) | -5.10% | -2.92% | -0.46% | - | +0.42% | +1.24% | +2.37% |
| Change | -0.05618 | -0.03220 | -0.00510 | - | +0.00466 | +0.01368 | +0.02612 |
| Level | Major | Intermediate | Intermediate | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.09317 | 1.09833 | 1.10217 | 1.10733 | 1.11117 | 1.11633 | 1.12017 |
| Camarilla | 1.10353 | 1.10435 | 1.10518 | 1.10600 | 1.10683 | 1.10765 | 1.10848 |
| Woodie | 1.09250 | 1.09800 | 1.10150 | 1.10700 | 1.11050 | 1.11600 | 1.11950 |
| Fibonacci | 1.09833 | 1.10177 | 1.10390 | 1.10733 | 1.11077 | 1.11290 | 1.11633 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.08338 | 1.09722 | 1.11198 | 1.12582 | 1.14058 | 1.15442 | 1.16918 |
| Camarilla | 1.11889 | 1.12151 | 1.12413 | 1.12675 | 1.12937 | 1.13199 | 1.13462 |
| Woodie | 1.08385 | 1.09745 | 1.11245 | 1.12605 | 1.14105 | 1.15465 | 1.16965 |
| Fibonacci | 1.09722 | 1.10814 | 1.11489 | 1.12582 | 1.13674 | 1.14349 | 1.15442 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.05688 | 1.08312 | 1.09788 | 1.12412 | 1.13888 | 1.16512 | 1.17988 |
| Camarilla | 1.10138 | 1.10513 | 1.10889 | 1.11265 | 1.11641 | 1.12017 | 1.12393 |
| Woodie | 1.05115 | 1.08025 | 1.09215 | 1.12125 | 1.13315 | 1.16225 | 1.17415 |
| Fibonacci | 1.08312 | 1.09878 | 1.10846 | 1.12412 | 1.13978 | 1.14946 | 1.16512 |
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): | 35.79 | |
| MACD (12,26,9): | -0.0019 | |
| Directional Movement: | -20.56691 | |
| AROON (14): | -42.85714 | |
| DEMA (21): | 1.10258 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.10413 | |
| Elder Ray (13): | -0.00196 | |
| Super Trend (3,10): | 1.10775 | |
| Zig ZAG (10): | 1.10200 | |
| VORTEX (21): | 0.8646 | |
| Stochastique (14,3,5): | 15.92 | |
| TEMA (21): | 1.10195 | |
| Williams %R (14): | -88.89 | |
| Chande Momentum Oscillator (20): | -0.00470 | |
| Repulse (5,40,3): | -0.1701 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0222 | |
| Courbe Coppock: | 0.76 |
| MA7: | 1.11449 | |
| MA20: | 1.12929 | |
| MA50: | 1.13219 | |
| MA100: | 1.13849 | |
| MAexp7: | 1.10293 | |
| MAexp20: | 1.10505 | |
| MAexp50: | 1.10831 | |
| MAexp100: | 1.11251 | |
| Price / MA7: | -1.18% | |
| Price / MA20: | -2.47% | |
| Price / MA50: | -2.72% | |
| Price / MA100: | -3.26% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.33% | |
| Price / MAexp50: | -0.63% | |
| Price / MAexp100: | -1.00% |
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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