EUR/USD - 1H - Technical analysis published on 05/29/2020 (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
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 1.1077 USD
My targets
1.1170 USD (+0.0071)
1.1217 USD (+0.0118)
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 1.1077 USD. The buyers” bullish objective is set at 1.1170 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1217 USD. If there is any crossing, the next objective would be the resistance located at 1.1401 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.2
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This analysis was given by Picoul. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.1099 USD. On the day, this instrument gained +0.18% and was traded between 1.1070 USD and 1.1114 USD over the period. The price is currently at +0.26% from its lowest and -0.13% from its highest.1.1070
1.1114
1.1099
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.
Bearish opening
Type : Bearish
Timeframe : Openning
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 (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle 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 | 1.1035 | 1.1077 | 1.1094 | 1.1099 | 1.1170 | 1.1401 | 1.1561 |
| Change (%) | -0.58% | -0.20% | -0.05% | - | +0.64% | +2.72% | +4.16% |
| Change | -0.0064 | -0.0022 | -0.0005 | - | +0.0071 | +0.0302 | +0.0462 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Major | Minor |
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 | 1.0914 | 1.0953 | 1.1016 | 1.1055 | 1.1118 | 1.1157 | 1.1220 |
| Camarilla | 1.1051 | 1.1060 | 1.1070 | 1.1079 | 1.1088 | 1.1098 | 1.1107 |
| Woodie | 1.0926 | 1.0959 | 1.1028 | 1.1061 | 1.1130 | 1.1163 | 1.1232 |
| Fibonacci | 1.0953 | 1.0992 | 1.1016 | 1.1055 | 1.1094 | 1.1118 | 1.1157 |
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): | 69.81 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 20.7948 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 1.1104 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1074 | |
| Elder Ray (13): | 0.0019 | |
| Super Trend (3,10): | 1.1061 | |
| Zig ZAG (10): | 1.1107 | |
| VORTEX (21): | 1.3079 | |
| Stochastique (14,3,5): | 79.25 | |
| TEMA (21): | 1.1108 | |
| Williams %R (14): | -14.89 | |
| Chande Momentum Oscillator (20): | 0.0038 | |
| Repulse (5,40,3): | 0.1281 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0276 | |
| Courbe Coppock: | 0.60 |
| MA7: | 1.0990 | |
| MA20: | 1.0903 | |
| MA50: | 1.0898 | |
| MA100: | 1.0959 | |
| MAexp7: | 1.1095 | |
| MAexp20: | 1.1075 | |
| MAexp50: | 1.1039 | |
| MAexp100: | 1.1002 | |
| Price / MA7: | +0.99% | |
| Price / MA20: | +1.80% | |
| Price / MA50: | +1.84% | |
| Price / MA100: | +1.28% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.54% | |
| Price / MAexp100: | +0.88% |
Quotes :
2020-05-29 07:47:54
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Real time data
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Forex
News
The last news published on EUR/USD at the time of the generation of this analysis was as follows:
-
EUR/USD and GBP/USD Forecast May 29, 2020
-
EUR/USD Technical Analysis for May 29, 2020 by FXEmpire
-
EUR/USD and GBP/USD Forecast May 28, 2020
-
EUR/USD Technical Analysis for May 28, 2020 by FXEmpire
-
EUR/USD and GBP/USD Forecast May 27, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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