FX.co ★ Alpha302 | EUR/USD

EUR/USD Technical Analysis H-1 Chart

This image is a screenshot of a trading chart, likely from a mobile app like MetaTrader 4, showing the EURUSD currency pair on an H1 (1-hour) timeframe. Here's a breakdown of the key elements visible in the image: * Chart Title: "EURUSD, H1" indicates the Euro vs. US Dollar currency pair with each candlestick representing one hour of trading activity. * Price and Indicators: * The main chart area shows candlesticks (blue and yellow) which represent price movement. * A red curved line is an indicator, most likely a moving average, used to smooth out price data and identify trends. * Price Scale: On the right side, the price scale ranges from approximately 1.1600 to 1.1700. * Horizontal Lines: There are two horizontal lines, one orange and one blue, at the price level of 1.1610 and 1.1620 respectively. These could represent support/resistance levels or entry/exit points set by the user. * Sub-Chart (Indicator Panel): * Below the main chart, there is a separate panel showing an indicator. * The text "RSI(14) 39.21" identifies the Relative Strength Index (RSI), a momentum oscillator, with its current value at 39.21. * The text "A/D -2722" likely refers to the Accumulation/Distribution Line. * The text "OSMA(12,26,9) 0.00011" refers to the Moving Average of Oscillator (OSMA), which is derived from the MACD indicator. * The sub-chart itself shows a blue line and a cyan line fluctuating between 0 and 100, which are typical levels for the RSI. There are also bars (blue and cyan) that correspond to the OSMA. The horizontal lines at 30 and 70 are standard overbought/oversold levels for the RSI. * Time Scale: The bottom of the chart shows the dates and times, starting from August 18th and ending on August 22nd. In summary, the image provides a technical analysis view of the EURUSD pair, using a combination of price action (candlesticks) and multiple indicators (moving average, RSI, A/D, OSMA) to analyze market trends and momentum.