EURO FX FULL1224

- USD (-)

- 10 min delayed data - CME Globex Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Futures
Ticker:	EURUSDXXXX
ISIN:	EURUSDXXXX

EURO FX FULL1224 - 1H - Technical analysis published on 05/16/2023 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

72%

6%

22%

My opinion

Bullish above 1.08640 USD

My targets

1.09665 USD (+0.46%)

1.10320 USD (+1.06%)

My analysis

The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for EURO FX FULL0623 as long as the price remains well above 1.08640 USD. The buyers' bullish objective is set at 1.09665 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.10320 USD. If there is any crossing, the next objective would be the resistance located at 1.11205 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 1.09665 USD. On this resistance, against the trend traders who would like to go short on EURO FX FULL0623 with a bearish signal from their trading strategy, should not hesitate to act.

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

2.9

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 Titatovenaar54. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EURO FX FULL0623 rating 1.09160 USD. The price has increased by +0.18% since the last closing and was between 1.08840 USD and 1.09170 USD. This implies that the price is at +0.29% from its lowest and at -0.01% from its highest.

1.08840

1.09170

1.09160

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

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 EURO FX FULL0623 chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

In fact, 13 technical indicators on 18 studied are currently 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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

S3

S2

S1

R1

R2

R3

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.06250	1.08640	1.09125	1.09160	1.09665	1.10320	1.11205
Change (%)	-2.67%	-0.48%	-0.03%	-	+0.46%	+1.06%	+1.87%
Change	-0.02910	-0.00520	-0.00035	-	+0.00505	+0.01160	+0.02045
Level	Major	Major	Minor	-	Intermediate	Minor	Minor

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	1.08257	1.08463	1.08712	1.08918	1.09167	1.09373	1.09622
Camarilla	1.08835	1.08877	1.08918	1.08960	1.09002	1.09043	1.09085
Woodie	1.08278	1.08474	1.08733	1.08929	1.09188	1.09384	1.09643
Fibonacci	1.08463	1.08637	1.08745	1.08918	1.09092	1.09200	1.09373

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.05930	1.07315	1.08035	1.09420	1.10140	1.11525	1.12245
Camarilla	1.08176	1.08369	1.08562	1.08755	1.08948	1.09141	1.09334
Woodie	1.05598	1.07149	1.07703	1.09254	1.09808	1.11359	1.11913
Fibonacci	1.07315	1.08119	1.08616	1.09420	1.10224	1.10721	1.11525

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.05545	1.06950	1.08480	1.09885	1.11415	1.12820	1.14350
Camarilla	1.09203	1.09472	1.09741	1.10010	1.10279	1.10548	1.10817
Woodie	1.05608	1.06981	1.08543	1.09916	1.11478	1.12851	1.14413
Fibonacci	1.06950	1.08071	1.08764	1.09885	1.11006	1.11699	1.12820

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):	59.03
MACD (12,26,9):	0.0002
Directional Movement:	1.89281
AROON (14):	7.14285
DEMA (21):	1.09011
Parabolic SAR (0,02-0,02-0,2):	1.08840
Elder Ray (13):	0.00091
Super Trend (3,10):	1.08816
Zig ZAG (10):	1.09105
VORTEX (21):	1.1058
Stochastique (14,3,5):	76.24
TEMA (21):	1.09075
Williams %R (14):	-12.70
Chande Momentum Oscillator (20):	0.00145
Repulse (5,40,3):	0.1330
ROCnROLL:	-1
TRIX (15,9):	0.0014
Courbe Coppock:	0.12

MA7:	1.09504
MA20:	1.10068
MA50:	1.09267
MA100:	1.08706
MAexp7:	1.09044
MAexp20:	1.08997
MAexp50:	1.09069
MAexp100:	1.09313
Price / MA7:	-0.31%
Price / MA20:	-0.82%
Price / MA50:	-0.10%
Price / MA100:	+0.42%
Price / MAexp7:	+0.11%
Price / MAexp20:	+0.15%
Price / MAexp50:	+0.08%
Price / MAexp100:	-0.14%

Quotes : - 10 min delayed data - CME Globex Futures

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

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