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
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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.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/USD:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 1.1192 | 1.1206 | 1.1226 | 1.1240 | 1.1260 | 1.1274 | 1.1294 |
Camarilla | 1.1238 | 1.1241 | 1.1244 | 1.1247 | 1.1250 | 1.1253 | 1.1256 |
Woodie | 1.1196 | 1.1208 | 1.1230 | 1.1242 | 1.1264 | 1.1276 | 1.1298 |
Fibonacci | 1.1206 | 1.1219 | 1.1227 | 1.1240 | 1.1253 | 1.1261 | 1.1274 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.1069 | 1.1127 | 1.1187 | 1.1245 | 1.1305 | 1.1363 | 1.1423 |
Camarilla | 1.1215 | 1.1225 | 1.1236 | 1.1247 | 1.1258 | 1.1269 | 1.1280 |
Woodie | 1.1070 | 1.1128 | 1.1188 | 1.1246 | 1.1306 | 1.1364 | 1.1424 |
Fibonacci | 1.1127 | 1.1172 | 1.1200 | 1.1245 | 1.1290 | 1.1318 | 1.1363 |
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 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
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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 July 6, 2020
- EUR/USD Technical Analysis for the Week of July 6, 2020 by FXEmpire
- EUR/USD Technical Analysis for July 6, 2020 by FXEmpire
- S&P 500 Backs Off Trend, EURUSD Refuses Break After NFP Surge - What's Ahead?
- EUR/USD and GBP/USD Forecast July 03, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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