EUR/USD - 1H - Technical analysis published on 08/12/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.1741 USD
My targets
1.1696 USD (-0.0019)
1.1561 USD (-0.0154)
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 1.1741 USD. The next support located at 1.1696 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 1.1561 USD. Below this support, sellers could then target 1.1401 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.5
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This analysis was given by dan740. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.1715 USD. On the day, this instrument lost -0.17% and was between 1.1711 USD and 1.1743 USD. This implies that the price is at +0.03% from its lowest and at -0.24% from its highest.1.1711
1.1743
1.1715
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
Technical analysis of this 1H chart of EUR/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
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 | 1.1401 | 1.1561 | 1.1696 | 1.1715 | 1.1722 | 1.1741 | 1.1781 |
| Change (%) | -2.68% | -1.31% | -0.16% | - | +0.06% | +0.22% | +0.56% |
| Change | -0.0314 | -0.0154 | -0.0019 | - | +0.0007 | +0.0026 | +0.0066 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1616 | 1.1669 | 1.1702 | 1.1755 | 1.1788 | 1.1841 | 1.1874 |
| Camarilla | 1.1711 | 1.1719 | 1.1727 | 1.1735 | 1.1743 | 1.1751 | 1.1759 |
| Woodie | 1.1606 | 1.1664 | 1.1692 | 1.1750 | 1.1778 | 1.1836 | 1.1864 |
| Fibonacci | 1.1669 | 1.1702 | 1.1722 | 1.1755 | 1.1788 | 1.1808 | 1.1841 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1464 | 1.1580 | 1.1684 | 1.1800 | 1.1904 | 1.2020 | 1.2124 |
| Camarilla | 1.1728 | 1.1748 | 1.1768 | 1.1788 | 1.1808 | 1.1828 | 1.1849 |
| Woodie | 1.1458 | 1.1577 | 1.1678 | 1.1797 | 1.1898 | 1.2017 | 1.2118 |
| Fibonacci | 1.1580 | 1.1664 | 1.1716 | 1.1800 | 1.1884 | 1.1936 | 1.2020 |
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 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): | 33.80 | |
| MACD (12,26,9): | -0.0011 | |
| Directional Movement: | -16.0531 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 1.1729 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1770 | |
| Elder Ray (13): | -0.0020 | |
| Super Trend (3,10): | 1.1762 | |
| Zig ZAG (10): | 1.1717 | |
| VORTEX (21): | 0.9515 | |
| Stochastique (14,3,5): | 6.88 | |
| TEMA (21): | 1.1724 | |
| Williams %R (14): | -93.59 | |
| Chande Momentum Oscillator (20): | -0.0055 | |
| Repulse (5,40,3): | -0.0942 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0076 | |
| Courbe Coppock: | 0.81 |
| MA7: | 1.1791 | |
| MA20: | 1.1692 | |
| MA50: | 1.1448 | |
| MA100: | 1.1184 | |
| MAexp7: | 1.1728 | |
| MAexp20: | 1.1742 | |
| MAexp50: | 1.1759 | |
| MAexp100: | 1.1777 | |
| Price / MA7: | -0.64% | |
| Price / MA20: | +0.20% | |
| Price / MA50: | +2.33% | |
| Price / MA100: | +4.75% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.23% | |
| Price / MAexp50: | -0.37% | |
| Price / MAexp100: | -0.53% |
Quotes :
2020-08-12 04:50:57
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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 12, 2020
-
EUR/USD Technical Analysis for August 12, 2020 by FXEmpire
-
EUR/USD and GBP/USD Forecast August 11, 2020
-
EUR/USD Technical Analysis for August 11, 2020 by FXEmpire
-
EUR/USD and GBP/USD Forecast August 10, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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