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EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
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Type: Forex
Ticker: EURUSD
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EUR/USD - 1H - Technical analysis published on 06/17/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 1.1241 USD
My targets
1.1171 USD (-0.0055)
1.1087 USD (-0.0139)
My analysis
The bearish trend is currently very strong for EUR/USD. As long as the price remains below the resistance at 1.1241 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.1171 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.1087 USD as an objective. Crossing it would then enable sellers to target 1.1006 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6

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 1.1226 USD. On the day, this instrument lost -0.35% with the lowest point at 1.1207 USD and the highest point at 1.1294 USD. The deviation from the price is +0.17% for the low point and -0.60% for the high point.

1.1207
1.1294
1.1226

A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of EUR/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

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:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0899 1.1006 1.1222 1.1226 1.1241 1.1277 1.1320
Change (%) -2.91% -1.96% -0.04% - +0.13% +0.45% +0.84%
Change -0.0327 -0.0220 -0.0004 - +0.0015 +0.0051 +0.0094
Level Major Intermediate Major - Intermediate Minor Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.10861.11571.12111.12821.13361.14071.1461
Camarilla1.12311.12421.12541.12651.12771.12881.1299
Woodie1.10781.11531.12031.12781.13281.14031.1453
Fibonacci1.11571.12051.12341.12821.13301.13591.1407


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.09611.10871.11711.12971.13811.15071.1591
Camarilla1.11981.12181.12371.12561.12751.12951.1314
Woodie1.09411.10771.11511.12871.13611.14971.1571
Fibonacci1.10871.11671.12161.12971.13771.14261.1507


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.04861.06261.08651.10051.12441.13841.1623
Camarilla1.10001.10351.10691.11041.11391.11741.1208
Woodie1.05361.06511.09151.10301.12941.14091.1673
Fibonacci1.06261.07711.08601.10051.11501.12391.1384

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): 35.15
MACD (12,26,9): -0.0016
Directional Movement: -12.3386
AROON (14): -50.0000
DEMA (21): 1.1230
Parabolic SAR (0,02-0,02-0,2): 1.1277
Elder Ray (13): -0.0021
Super Trend (3,10): 1.1284
Zig ZAG (10): 1.1222
VORTEX (21): 0.8806
Stochastique (14,3,5): 13.61
TEMA (21): 1.1222
Williams %R (14): -82.76
Chande Momentum Oscillator (20): -0.0042
Repulse (5,40,3): -0.1133
ROCnROLL: 2
TRIX (15,9): -0.0167
Courbe Coppock: 0.59
MA7: 1.1296
MA20: 1.1174
MA50: 1.0992
MA100: 1.0984
MAexp7: 1.1233
MAexp20: 1.1250
MAexp50: 1.1270
MAexp100: 1.1283
Price / MA7: -0.62%
Price / MA20: +0.47%
Price / MA50: +2.13%
Price / MA100: +2.20%
Price / MAexp7: -0.07%
Price / MAexp20: -0.22%
Price / MAexp50: -0.40%
Price / MAexp100: -0.51%

Quotes : 2020-06-17 15:13:44 - Real time data - 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:

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

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