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

EUR/USD - 1H - Technical analysis published on 08/08/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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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

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 Edd8011. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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 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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard1.17261.17721.18241.18701.19221.19681.2020
Camarilla1.18491.18581.18671.18761.18851.18941.1903
Woodie1.17291.17741.18271.18721.19251.19701.2023
Fibonacci1.17721.18091.18331.18701.19071.19311.1968


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.13671.15021.16401.17751.19131.20481.2186
Camarilla1.17041.17291.17541.17791.18041.18291.1854
Woodie1.13701.15031.16431.17761.19161.20491.2189
Fibonacci1.15021.16061.16701.17751.18791.19431.2048


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.06161.09001.13401.16241.20641.23481.2788
Camarilla1.15801.16461.17131.17791.18451.19121.1978
Woodie1.06931.09391.14171.16631.21411.23871.2865
Fibonacci1.09001.11771.13481.16241.19011.20721.2348

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 - Real time data - Forex

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

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