EUR/USD - 1H - Technical analysis published on 07/03/2020 (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 bearish
De fond:
Bearish
Technical indicators
28%
61%
11%
My opinion
Bearish under 1.1312 USD
My targets
1.1208 USD (-0.0027)
1.1190 USD (-0.0045)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/USD as long as the price remains well below 1.1312 USD. The sellers” bearish objective is set at 1.1208 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.1190 USD. In case of crossing, the next objective would be the support located at 1.1006 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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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 1.1235 USD. On the day, this instrument lost -0.03% and was traded between 1.1219 USD and 1.1249 USD over the period. The price is currently at +0.14% from its lowest and -0.12% from its highest.1.1219
1.1249
1.1235
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/USD indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
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
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1006 | 1.1190 | 1.1208 | 1.1235 | 1.1240 | 1.1312 | 1.1326 |
| Change (%) | -2.04% | -0.40% | -0.24% | - | +0.04% | +0.69% | +0.81% |
| Change | -0.0229 | -0.0045 | -0.0027 | - | +0.0005 | +0.0077 | +0.0091 |
| Level | Intermediate | Major | Major | - | Intermediate | Intermediate | 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 | 1.1126 | 1.1175 | 1.1206 | 1.1255 | 1.1286 | 1.1335 | 1.1366 |
| Camarilla | 1.1216 | 1.1223 | 1.1231 | 1.1238 | 1.1245 | 1.1253 | 1.1260 |
| Woodie | 1.1118 | 1.1171 | 1.1198 | 1.1251 | 1.1278 | 1.1331 | 1.1358 |
| Fibonacci | 1.1175 | 1.1205 | 1.1224 | 1.1255 | 1.1285 | 1.1304 | 1.1335 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0960 | 1.1064 | 1.1141 | 1.1245 | 1.1322 | 1.1426 | 1.1503 |
| Camarilla | 1.1168 | 1.1185 | 1.1201 | 1.1218 | 1.1235 | 1.1251 | 1.1268 |
| Woodie | 1.0947 | 1.1057 | 1.1128 | 1.1238 | 1.1309 | 1.1419 | 1.1490 |
| Fibonacci | 1.1064 | 1.1133 | 1.1176 | 1.1245 | 1.1314 | 1.1357 | 1.1426 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0760 | 1.0930 | 1.1082 | 1.1252 | 1.1404 | 1.1574 | 1.1726 |
| Camarilla | 1.1145 | 1.1175 | 1.1205 | 1.1234 | 1.1264 | 1.1293 | 1.1323 |
| Woodie | 1.0751 | 1.0926 | 1.1073 | 1.1248 | 1.1395 | 1.1570 | 1.1717 |
| Fibonacci | 1.0930 | 1.1053 | 1.1129 | 1.1252 | 1.1375 | 1.1451 | 1.1574 |
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): | 44.74 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -13.8118 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 1.1233 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1246 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 1.1265 | |
| Zig ZAG (10): | 1.1233 | |
| VORTEX (21): | 1.0183 | |
| Stochastique (14,3,5): | 38.89 | |
| TEMA (21): | 1.1229 | |
| Williams %R (14): | -56.67 | |
| Chande Momentum Oscillator (20): | -0.0005 | |
| Repulse (5,40,3): | 0.0204 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0061 | |
| Courbe Coppock: | 0.07 |
| MA7: | 1.1235 | |
| MA20: | 1.1263 | |
| MA50: | 1.1079 | |
| MA100: | 1.1018 | |
| MAexp7: | 1.1235 | |
| MAexp20: | 1.1239 | |
| MAexp50: | 1.1243 | |
| MAexp100: | 1.1242 | |
| Price / MA7: | -0% | |
| Price / MA20: | -0.25% | |
| Price / MA50: | +1.41% | |
| Price / MA100: | +1.97% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.06% |
Quotes :
2020-07-03 11:19:36
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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:
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S&P 500 Backs Off Trend, EURUSD Refuses Break After NFP Surge - What's Ahead?
-
EUR/USD and GBP/USD Forecast July 03, 2020
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EUR/USD Technical Analysis for July 3, 2020 by FXEmpire
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EUR/USD and GBP/USD Forecast July 2, 2020
-
EUR/USD Technical Analysis for July 2, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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