EUR/USD - 1H - Technical analysis published on 05/20/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1.0927 USD
My targets
1.0976 USD (+0.0023)
1.1006 USD (+0.0053)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/USD as long as the price remains well above 1.0927 USD. The buyers” bullish objective is set at 1.0976 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1006 USD. If there is any crossing, the next objective would be the resistance located at 1.1077 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.4
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Additional analysis
Quotes
The EUR/USD rating is 1.0953 USD. The price has increased by +0.25% since the last closing with the lowest point at 1.0926 USD and the highest point at 1.0967 USD. The deviation from the price is +0.25% for the low point and -0.13% for the high point.1.0926
1.0967
1.0953
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
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
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
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 | 1.0851 | 1.0899 | 1.0927 | 1.0953 | 1.0954 | 1.0976 | 1.1006 |
| Change (%) | -0.93% | -0.49% | -0.24% | - | +0.01% | +0.21% | +0.48% |
| Change | -0.0102 | -0.0054 | -0.0026 | - | +0.0001 | +0.0023 | +0.0053 |
| Level | Intermediate | Major | Minor | - | Minor | Major | Intermediate |
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 | 1.0819 | 1.0861 | 1.0893 | 1.0935 | 1.0967 | 1.1009 | 1.1041 |
| Camarilla | 1.0906 | 1.0912 | 1.0919 | 1.0926 | 1.0933 | 1.0940 | 1.0946 |
| Woodie | 1.0815 | 1.0859 | 1.0889 | 1.0933 | 1.0963 | 1.1007 | 1.1037 |
| Fibonacci | 1.0861 | 1.0889 | 1.0906 | 1.0935 | 1.0963 | 1.0980 | 1.1009 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0640 | 1.0708 | 1.0762 | 1.0830 | 1.0884 | 1.0952 | 1.1006 |
| Camarilla | 1.0784 | 1.0795 | 1.0806 | 1.0817 | 1.0828 | 1.0839 | 1.0851 |
| Woodie | 1.0634 | 1.0705 | 1.0756 | 1.0827 | 1.0878 | 1.0949 | 1.1000 |
| Fibonacci | 1.0708 | 1.0754 | 1.0783 | 1.0830 | 1.0876 | 1.0905 | 1.0952 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0460 | 1.0594 | 1.0769 | 1.0903 | 1.1078 | 1.1212 | 1.1387 |
| Camarilla | 1.0860 | 1.0888 | 1.0917 | 1.0945 | 1.0973 | 1.1002 | 1.1030 |
| Woodie | 1.0482 | 1.0604 | 1.0791 | 1.0913 | 1.1100 | 1.1222 | 1.1409 |
| Fibonacci | 1.0594 | 1.0712 | 1.0785 | 1.0903 | 1.1021 | 1.1094 | 1.1212 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 63.22 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 21.9136 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 1.0956 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0927 | |
| Elder Ray (13): | 0.0014 | |
| Super Trend (3,10): | 1.0919 | |
| Zig ZAG (10): | 1.0961 | |
| VORTEX (21): | 1.1140 | |
| Stochastique (14,3,5): | 87.78 | |
| TEMA (21): | 1.0953 | |
| Williams %R (14): | -15.56 | |
| Chande Momentum Oscillator (20): | 0.0022 | |
| Repulse (5,40,3): | 0.0938 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0104 | |
| Courbe Coppock: | 0.39 |
| MA7: | 1.0870 | |
| MA20: | 1.0858 | |
| MA50: | 1.0894 | |
| MA100: | 1.0970 | |
| MAexp7: | 1.0953 | |
| MAexp20: | 1.0943 | |
| MAexp50: | 1.0919 | |
| MAexp100: | 1.0889 | |
| Price / MA7: | +0.76% | |
| Price / MA20: | +0.87% | |
| Price / MA50: | +0.54% | |
| Price / MA100: | -0.15% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +0.59% |
News
The latest news and videos published on EUR/USD at the time of the analysis were as follows:
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S&P 500 Suffers Another False Breakout Reversal, EURUSD Reinforces Range
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EUR/USD Technical Analysis for May 20, 2020 by FXEmpire
-
Dow and EURUSD Fight for Top Chart and Breakout on COVID, Stimulus News
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EUR/USD and GBP/USD Forecast May 19, 2020
-
EUR/USD Technical Analysis for May 19, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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