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EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURUSD
ISIN:

EUR/USD - 1H - Technical analysis published on 05/27/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 1.0976 USD
My targets
1.1077 USD (+0.0069)
1.1170 USD (+0.0162)
My analysis
EUR/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.0976 USD. The next resistance located at 1.1077 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.1170 USD. After this resistance, buyers could then target 1.1401 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.6

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.

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

Additional analysis

Quotes

The EUR/USD price is 1.1008 USD. The price registered an increase of +0.26% on the session and was traded between 1.0934 USD and 1.1031 USD over the period. The price is currently at +0.68% from its lowest and -0.21% from its highest.

1.0934
1.1031
1.1008

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of EUR/USD indicates that the overall trend is strongly bullish. 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. 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.
Caution: the Central Indicators scanner currently detects an excess:

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour



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:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour


Bearish harami cross

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0899 1.0976 1.1006 1.1008 1.1077 1.1170 1.1401
Change (%) -0.99% -0.29% -0.02% - +0.63% +1.47% +3.57%
Change -0.0109 -0.0032 -0.0002 - +0.0069 +0.0162 +0.0393
Level Major Intermediate Major - Intermediate Intermediate Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.08201.08591.09191.09581.10181.10571.1117
Camarilla1.09531.09621.09711.09801.09891.09981.1007
Woodie1.08321.08641.09311.09631.10301.10621.1129
Fibonacci1.08591.08971.09201.09581.09961.10191.1057


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.05901.06951.07991.09041.10081.11131.1217
Camarilla1.08461.08651.08841.09031.09221.09411.0961
Woodie1.05901.06951.07991.09041.10081.11131.1217
Fibonacci1.06951.07751.08241.09041.09841.10331.1113


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.04601.05941.07691.09031.10781.12121.1387
Camarilla1.08601.08881.09171.09451.09731.10021.1030
Woodie1.04821.06041.07911.09131.11001.12221.1409
Fibonacci1.05941.07121.07851.09031.10211.10941.1212

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): 68.22
MACD (12,26,9): 0.0016
Directional Movement: 22.1750
AROON (14): 7.1429
DEMA (21): 1.1000
Parabolic SAR (0,02-0,02-0,2): 1.1031
Elder Ray (13): 0.0030
Super Trend (3,10): 1.0959
Zig ZAG (10): 1.1016
VORTEX (21): 1.1233
Stochastique (14,3,5): 83.51
TEMA (21): 1.0997
Williams %R (14): -13.40
Chande Momentum Oscillator (20): 0.0039
Repulse (5,40,3): 0.2878
ROCnROLL: 1
TRIX (15,9): 0.0140
Courbe Coppock: 0.16
MA7: 1.0951
MA20: 1.0891
MA50: 1.0882
MA100: 1.0960
MAexp7: 1.0995
MAexp20: 1.0981
MAexp50: 1.0958
MAexp100: 1.0941
Price / MA7: +0.52%
Price / MA20: +1.07%
Price / MA50: +1.16%
Price / MA100: +0.44%
Price / MAexp7: +0.12%
Price / MAexp20: +0.25%
Price / MAexp50: +0.46%
Price / MAexp100: +0.61%

Quotes : 2020-05-27 12:04:44 - Real time data - Forex

News


The latest news and videos published on EUR/USD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia
Londinia AI

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