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EURO FX FULL0625
EUR USD
- USD (-)
- 10 min delayed data - CME Globex Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Futures
Ticker: EURUSDXXXX
ISIN: EURUSDXXXX

EURO FX FULL0625 - 1H - Technical analysis published on 05/19/2023 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1.07810 USD
My targets
1.08640 USD (+0.27%)
1.09260 USD (+0.84%)
My analysis
The strong short-term increase in EURO FX FULL0623 calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 1.07810 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 1.08640 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.09260 USD as an objective. Crossing it would then enable buyers to target 1.09665 USD. Caution, a return under 1.07810 USD could jeopardize the reversal.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.7

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.

Titatovenaar54
This analysis was given by Titatovenaar54. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EURO FX FULL0623 rating is 1.08350 USD. The price registered an increase of +0.46% on the session and was traded between 1.07780 USD and 1.08445 USD over the period. The price is currently at +0.53% from its lowest and -0.09% from its highest.

1.07780
1.08445
1.08350

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.

Central Gaps

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:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this EURO FX FULL0623 chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

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 scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour



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

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour


Long white line

Type : Bullish

Timeframe : 1 hour


Bearish harami cross

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.03130 1.06250 1.07810 1.08350 1.08640 1.09260 1.09665
Change (%) -4.82% -1.94% -0.50% - +0.27% +0.84% +1.21%
Change -0.05220 -0.02100 -0.00540 - +0.00290 +0.00910 +0.01315
Level Major Major Intermediate - Major Minor Intermediate



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
Standard1.066971.072531.075521.081081.084071.089631.09262
Camarilla1.076151.076931.077721.078501.079281.080071.08085
Woodie1.065681.071891.074231.080441.082781.088991.09133
Fibonacci1.072531.075801.077821.081081.084351.086371.08963


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.059301.073151.080351.094201.101401.115251.12245
Camarilla1.081761.083691.085621.087551.089481.091411.09334
Woodie1.055981.071491.077031.092541.098081.113591.11913
Fibonacci1.073151.081191.086161.094201.102241.107211.11525


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.055451.069501.084801.098851.114151.128201.14350
Camarilla1.092031.094721.097411.100101.102791.105481.10817
Woodie1.056081.069811.085431.099161.114781.128511.14413
Fibonacci1.069501.080711.087641.098851.110061.116991.12820

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): 59.44
MACD (12,26,9): 0.0001
Directional Movement: 15.30318
AROON (14): 100.00000
DEMA (21): 1.08075
Parabolic SAR (0,02-0,02-0,2): 1.08415
Elder Ray (13): 0.00110
Super Trend (3,10): 1.07893
Zig ZAG (10): 1.08360
VORTEX (21): 1.0649
Stochastique (14,3,5): 72.77
TEMA (21): 1.08257
Williams %R (14): -12.12
Chande Momentum Oscillator (20): 0.00540
Repulse (5,40,3): 0.1507
ROCnROLL: 1
TRIX (15,9): -0.0042
Courbe Coppock: 0.63
MA7: 1.08688
MA20: 1.09795
MA50: 1.09365
MA100: 1.08723
MAexp7: 1.08222
MAexp20: 1.08089
MAexp50: 1.08227
MAexp100: 1.08517
Price / MA7: -0.31%
Price / MA20: -1.32%
Price / MA50: -0.93%
Price / MA100: -0.34%
Price / MAexp7: +0.12%
Price / MAexp20: +0.24%
Price / MAexp50: +0.11%
Price / MAexp100: -0.15%

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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