EUR/USD - 1H - Technical analysis published on 08/08/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 1.1818 USD
My targets
1.1741 USD (-0.0047)
1.1721 USD (-0.0067)
My analysis
EUR/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.1818 USD. The next support located at 1.1741 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.1721 USD. Below this support, sellers could then target 1.1696 USD.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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This analysis was given by Edd8011. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD price is 1.1788 USD. The price is lower by -0.74% since the last closing and was between 1.1755 USD and 1.1882 USD. This implies that the price is at +0.28% from its lowest and at -0.79% from its highest.1.1755
1.1882
1.1788
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/USD in 1H shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 5 are bullish, 3 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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 support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
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 | 1.1721 | 1.1741 | 1.1781 | 1.1788 | 1.1818 | 1.1846 | 1.1894 |
Change (%) | -0.57% | -0.40% | -0.06% | - | +0.25% | +0.49% | +0.90% |
Change | -0.0067 | -0.0047 | -0.0007 | - | +0.0030 | +0.0058 | +0.0106 |
Level | Minor | Minor | 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 |
---|---|---|---|---|---|---|---|
Standard | 1.1726 | 1.1772 | 1.1824 | 1.1870 | 1.1922 | 1.1968 | 1.2020 |
Camarilla | 1.1849 | 1.1858 | 1.1867 | 1.1876 | 1.1885 | 1.1894 | 1.1903 |
Woodie | 1.1729 | 1.1774 | 1.1827 | 1.1872 | 1.1925 | 1.1970 | 1.2023 |
Fibonacci | 1.1772 | 1.1809 | 1.1833 | 1.1870 | 1.1907 | 1.1931 | 1.1968 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.1367 | 1.1502 | 1.1640 | 1.1775 | 1.1913 | 1.2048 | 1.2186 |
Camarilla | 1.1704 | 1.1729 | 1.1754 | 1.1779 | 1.1804 | 1.1829 | 1.1854 |
Woodie | 1.1370 | 1.1503 | 1.1643 | 1.1776 | 1.1916 | 1.2049 | 1.2189 |
Fibonacci | 1.1502 | 1.1606 | 1.1670 | 1.1775 | 1.1879 | 1.1943 | 1.2048 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0616 | 1.0900 | 1.1340 | 1.1624 | 1.2064 | 1.2348 | 1.2788 |
Camarilla | 1.1580 | 1.1646 | 1.1713 | 1.1779 | 1.1845 | 1.1912 | 1.1978 |
Woodie | 1.0693 | 1.0939 | 1.1417 | 1.1663 | 1.2141 | 1.2387 | 1.2865 |
Fibonacci | 1.0900 | 1.1177 | 1.1348 | 1.1624 | 1.1901 | 1.2072 | 1.2348 |
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): | 39.94 | |
MACD (12,26,9): | -0.0020 | |
Directional Movement: | -9.4791 | |
AROON (14): | -50.0000 | |
DEMA (21): | 1.1785 | |
Parabolic SAR (0,02-0,02-0,2): | 1.1800 | |
Elder Ray (13): | -0.0012 | |
Super Trend (3,10): | 1.1846 | |
Zig ZAG (10): | 1.1788 | |
VORTEX (21): | 0.8004 | |
Stochastique (14,3,5): | 32.29 | |
TEMA (21): | 1.1771 | |
Williams %R (14): | -65.63 | |
Chande Momentum Oscillator (20): | -0.0045 | |
Repulse (5,40,3): | 0.0658 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0217 | |
Courbe Coppock: | 0.94 |
MA7: | 1.1823 | |
MA20: | 1.1641 | |
MA50: | 1.1416 | |
MA100: | 1.1157 | |
MAexp7: | 1.1788 | |
MAexp20: | 1.1809 | |
MAexp50: | 1.1826 | |
MAexp100: | 1.1821 | |
Price / MA7: | -0.30% | |
Price / MA20: | +1.26% | |
Price / MA50: | +3.26% | |
Price / MA100: | +5.66% | |
Price / MAexp7: | -0% | |
Price / MAexp20: | -0.18% | |
Price / MAexp50: | -0.32% | |
Price / MAexp100: | -0.28% |
Quotes :
2020-08-07 20:59:59
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Real time data
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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:
- EUR/USD and GBP/USD Forecast August 10, 2020
- EUR/USD Technical Analysis for August 10, 2020 by FXEmpire
- EUR/USD Technical Analysis for August 7, 2020 by FXEmpire
- EUR/USD and GBP/USD Forecast August 6, 2020
- EUR/USD Technical Analysis for August 6, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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