EUR/USD - 1H - Technical analysis published on 05/26/2020 (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 1.0937 USD
My targets
1.1006 USD (+0.0036)
1.1077 USD (+0.0107)
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 1.0937 USD. The buyers” bullish objective is set at 1.1006 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1077 USD. If there is any crossing, the next objective would be the resistance located at 1.1170 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
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Additional analysis
Quotes
The EUR/USD rating is 1.0970 USD. The price has increased by +0.63% since the last closing and was between 1.0897 USD and 1.0992 USD. This implies that the price is at +0.67% from its lowest and at -0.20% from its highest.1.0897
1.0992
1.0970
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of EUR/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
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 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0870 | 1.0899 | 1.0937 | 1.0970 | 1.0976 | 1.1006 | 1.1077 |
| Change (%) | -0.91% | -0.65% | -0.30% | - | +0.05% | +0.33% | +0.98% |
| Change | -0.0100 | -0.0071 | -0.0033 | - | +0.0006 | +0.0036 | +0.0107 |
| Level | Major | Major | Minor | - | Intermediate | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0831 | 1.0850 | 1.0876 | 1.0895 | 1.0921 | 1.0940 | 1.0966 |
| Camarilla | 1.0889 | 1.0893 | 1.0897 | 1.0901 | 1.0905 | 1.0909 | 1.0913 |
| Woodie | 1.0834 | 1.0852 | 1.0879 | 1.0897 | 1.0924 | 1.0942 | 1.0969 |
| Fibonacci | 1.0850 | 1.0868 | 1.0878 | 1.0895 | 1.0913 | 1.0923 | 1.0940 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0590 | 1.0695 | 1.0799 | 1.0904 | 1.1008 | 1.1113 | 1.1217 |
| Camarilla | 1.0846 | 1.0865 | 1.0884 | 1.0903 | 1.0922 | 1.0941 | 1.0961 |
| Woodie | 1.0590 | 1.0695 | 1.0799 | 1.0904 | 1.1008 | 1.1113 | 1.1217 |
| Fibonacci | 1.0695 | 1.0775 | 1.0824 | 1.0904 | 1.0984 | 1.1033 | 1.1113 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 68.35 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 28.6055 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 1.0968 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0960 | |
| Elder Ray (13): | 0.0026 | |
| Super Trend (3,10): | 1.0936 | |
| Zig ZAG (10): | 1.0972 | |
| VORTEX (21): | 1.2698 | |
| Stochastique (14,3,5): | 89.25 | |
| TEMA (21): | 1.0984 | |
| Williams %R (14): | -26.83 | |
| Chande Momentum Oscillator (20): | 0.0050 | |
| Repulse (5,40,3): | -0.0471 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0216 | |
| Courbe Coppock: | 1.16 |
| MA7: | 1.0935 | |
| MA20: | 1.0883 | |
| MA50: | 1.0880 | |
| MA100: | 1.0960 | |
| MAexp7: | 1.0969 | |
| MAexp20: | 1.0944 | |
| MAexp50: | 1.0927 | |
| MAexp100: | 1.0920 | |
| Price / MA7: | +0.32% | |
| Price / MA20: | +0.80% | |
| Price / MA50: | +0.83% | |
| Price / MA100: | +0.09% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | +0.39% | |
| Price / MAexp100: | +0.46% |
Quotes :
2020-05-26 16:03:33
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Real time data
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Forex
News
Don"t forget to follow the news on EUR/USD. At the time of publication of this analysis, the latest news was as follows:
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