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

EUR/USD - Daily - Technical analysis published on 07/06/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 1.1208 USD
My targets
1.1401 USD (+0.0115)
1.1561 USD (+0.0275)
My analysis
The basic bullish trend is very strong on EUR/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1.1208 USD. Crossing the first resistance at 1.1401 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.1561 USD as an objective. Crossing it would then enable buyers to target 1.1781 USD. Caution, a return to below 1.1208 USD would be a sign of a consolidation phase in the short-term basic trend. 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.

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
7

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.

This analysis was given by n4nd14hm. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

EUR/USD rating 1.1286 USD. The price registered an increase of +0.35% on the session and was between 1.1242 USD and 1.1303 USD. This implies that the price is at +0.39% from its lowest and at -0.15% from its highest.

1.1242
1.1303
1.1286

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by EUR/USD:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this EUR/USD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0899 1.1006 1.1208 1.1286 1.1312 1.1401 1.1561
Change (%) -3.43% -2.48% -0.69% - +0.23% +1.02% +2.44%
Change -0.0387 -0.0280 -0.0078 - +0.0026 +0.0115 +0.0275
Level Intermediate Intermediate Major - Intermediate Major Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.11921.12061.12261.12401.12601.12741.1294
Camarilla1.12381.12411.12441.12471.12501.12531.1256
Woodie1.11961.12081.12301.12421.12641.12761.1298
Fibonacci1.12061.12191.12271.12401.12531.12611.1274


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.10691.11271.11871.12451.13051.13631.1423
Camarilla1.12151.12251.12361.12471.12581.12691.1280
Woodie1.10701.11281.11881.12461.13061.13641.1424
Fibonacci1.11271.11721.12001.12451.12901.13181.1363


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.07601.09301.10821.12521.14041.15741.1726
Camarilla1.11451.11751.12051.12341.12641.12931.1323
Woodie1.07511.09261.10731.12481.13951.15701.1717
Fibonacci1.09301.10531.11291.12521.13751.14511.1574

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): 58.39
MACD (12,26,9): 0.0038
Directional Movement: 13.8986
AROON (14): -28.5714
DEMA (21): 1.1291
Parabolic SAR (0,02-0,02-0,2): 1.1173
Elder Ray (13): 0.0025
Super Trend (3,10): 1.1099
Zig ZAG (10): 1.1286
VORTEX (21): 0.9804
Stochastique (14,3,5): 48.39
TEMA (21): 1.1270
Williams %R (14): -34.81
Chande Momentum Oscillator (20): 0.0078
Repulse (5,40,3): 0.4315
ROCnROLL: 1
TRIX (15,9): 0.0688
Courbe Coppock: 0.49
MA7: 1.1246
MA20: 1.1263
MA50: 1.1089
MA100: 1.1022
MAexp7: 1.1254
MAexp20: 1.1231
MAexp50: 1.1140
MAexp100: 1.1079
Price / MA7: +0.36%
Price / MA20: +0.20%
Price / MA50: +1.78%
Price / MA100: +2.40%
Price / MAexp7: +0.28%
Price / MAexp20: +0.49%
Price / MAexp50: +1.31%
Price / MAexp100: +1.87%

Quotes : 2020-07-06 09:21:58 - Real time data - Forex

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

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