EURO FX FULL0625 - 1H - Technical analysis published on 05/24/2023 (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 bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 1.08044 USD
My targets
1.06953 USD (-0.82%)
1.06250 USD (-1.47%)
My analysis
The bearish trend is currently very strong for EURO FX FULL0623. As long as the price remains below the resistance at 1.08044 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.06953 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.06250 USD as an objective. Crossing it would then enable sellers to target 1.03130 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
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Additional analysis
Quotes
EURO FX FULL0623 rating 1.07835 USD. The price is lower by -0.08% since the last closing and was traded between 1.07640 USD and 1.08110 USD over the period. The price is currently at +0.18% from its lowest and -0.25% from its highest.1.07640
1.08110
1.07835
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EURO FX FULL0623:
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 sharp bearish trend. 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. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.03130 | 1.06250 | 1.07776 | 1.07835 | 1.08044 | 1.08480 | 1.09260 |
| Change (%) | -4.36% | -1.47% | -0.05% | - | +0.19% | +0.60% | +1.32% |
| Change | -0.04705 | -0.01585 | -0.00059 | - | +0.00209 | +0.00645 | +0.01425 |
| Level | Major | Major | Intermediate | - | Intermediate | Major | Minor |
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 | 1.07073 | 1.07422 | 1.07673 | 1.08022 | 1.08273 | 1.08622 | 1.08873 |
| Camarilla | 1.07760 | 1.07815 | 1.07870 | 1.07925 | 1.07980 | 1.08035 | 1.08090 |
| Woodie | 1.07025 | 1.07398 | 1.07625 | 1.07998 | 1.08225 | 1.08598 | 1.08825 |
| Fibonacci | 1.07422 | 1.07651 | 1.07793 | 1.08022 | 1.08251 | 1.08393 | 1.08622 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.06127 | 1.06953 | 1.07607 | 1.08433 | 1.09087 | 1.09913 | 1.10567 |
| Camarilla | 1.07853 | 1.07989 | 1.08124 | 1.08260 | 1.08396 | 1.08531 | 1.08667 |
| Woodie | 1.06040 | 1.06910 | 1.07520 | 1.08390 | 1.09000 | 1.09870 | 1.10480 |
| Fibonacci | 1.06953 | 1.07519 | 1.07868 | 1.08433 | 1.08999 | 1.09348 | 1.09913 |
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 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): | 42.92 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -13.11064 | |
| AROON (14): | -14.28571 | |
| DEMA (21): | 1.07837 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.08101 | |
| Elder Ray (13): | -0.00134 | |
| Super Trend (3,10): | 1.08141 | |
| Zig ZAG (10): | 1.07840 | |
| VORTEX (21): | 0.9449 | |
| Stochastique (14,3,5): | 24.05 | |
| TEMA (21): | 1.07837 | |
| Williams %R (14): | -59.57 | |
| Chande Momentum Oscillator (20): | 0.00005 | |
| Repulse (5,40,3): | -0.0031 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0081 | |
| Courbe Coppock: | 0.01 |
| MA7: | 1.08244 | |
| MA20: | 1.09418 | |
| MA50: | 1.09395 | |
| MA100: | 1.08743 | |
| MAexp7: | 1.07863 | |
| MAexp20: | 1.07917 | |
| MAexp50: | 1.08030 | |
| MAexp100: | 1.08197 | |
| Price / MA7: | -0.38% | |
| Price / MA20: | -1.45% | |
| Price / MA50: | -1.43% | |
| Price / MA100: | -0.83% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.33% |
Quotes :
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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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