EUR/USD - 1H - Technical analysis published on 09/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 1.1922 USD
My targets
1.1823 USD (-0.0019)
1.1784 USD (-0.0058)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.1922 USD remains possible. It is advisable to trade EUR/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.1922 USD. The next bearish objective for sellers is set at 1.1823 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.1784 USD. In case of crossing, the next objective would be the support located at 1.1735 USD. PS: if there is a bullish break in the resistance located at 1.1922 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.1
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Additional analysis
Quotes
The EUR/USD rating is 1.1842 USD. The price registered a decrease of -0.03% on the session with the lowest point at 1.1789 USD and the highest point at 1.1865 USD. The deviation from the price is +0.45% for the low point and -0.19% for the high point.1.1789
1.1865
1.1842
Here is a more detailed summary of the historical variations registered by EUR/USD:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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 71.43% bearish. This bearish trend could slow down given the neutral 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.
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.1735 | 1.1784 | 1.1823 | 1.1842 | 1.1850 | 1.1922 | 1.1966 |
| Change (%) | -0.90% | -0.49% | -0.16% | - | +0.07% | +0.68% | +1.05% |
| Change | -0.0107 | -0.0058 | -0.0019 | - | +0.0008 | +0.0080 | +0.0124 |
| Level | Minor | Intermediate | Minor | - | 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 | 1.1702 | 1.1762 | 1.1804 | 1.1864 | 1.1906 | 1.1966 | 1.2008 |
| Camarilla | 1.1818 | 1.1827 | 1.1837 | 1.1846 | 1.1855 | 1.1865 | 1.1874 |
| Woodie | 1.1693 | 1.1758 | 1.1795 | 1.1860 | 1.1897 | 1.1962 | 1.1999 |
| Fibonacci | 1.1762 | 1.1801 | 1.1825 | 1.1864 | 1.1903 | 1.1927 | 1.1966 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1648 | 1.1705 | 1.1805 | 1.1862 | 1.1962 | 1.2019 | 1.2119 |
| Camarilla | 1.1861 | 1.1875 | 1.1890 | 1.1904 | 1.1918 | 1.1933 | 1.1947 |
| Woodie | 1.1669 | 1.1716 | 1.1826 | 1.1873 | 1.1983 | 1.2030 | 1.2140 |
| Fibonacci | 1.1705 | 1.1765 | 1.1802 | 1.1862 | 1.1922 | 1.1959 | 1.2019 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1497 | 1.1596 | 1.1767 | 1.1866 | 1.2037 | 1.2136 | 1.2307 |
| Camarilla | 1.1863 | 1.1888 | 1.1912 | 1.1937 | 1.1962 | 1.1987 | 1.2011 |
| Woodie | 1.1532 | 1.1614 | 1.1802 | 1.1884 | 1.2072 | 1.2154 | 1.2342 |
| Fibonacci | 1.1596 | 1.1700 | 1.1763 | 1.1866 | 1.1970 | 1.2033 | 1.2136 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 53.03 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 2.0702 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 1.1839 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1831 | |
| Elder Ray (13): | 0.0005 | |
| Super Trend (3,10): | 1.1802 | |
| Zig ZAG (10): | 1.1845 | |
| VORTEX (21): | 1.0618 | |
| Stochastique (14,3,5): | 71.96 | |
| TEMA (21): | 1.1851 | |
| Williams %R (14): | -34.92 | |
| Chande Momentum Oscillator (20): | 0.0029 | |
| Repulse (5,40,3): | -0.0633 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0040 | |
| Courbe Coppock: | 0.49 |
| MA7: | 1.1873 | |
| MA20: | 1.1839 | |
| MA50: | 1.1636 | |
| MA100: | 1.1333 | |
| MAexp7: | 1.1846 | |
| MAexp20: | 1.1842 | |
| MAexp50: | 1.1855 | |
| MAexp100: | 1.1869 | |
| Price / MA7: | -0.26% | |
| Price / MA20: | +0.03% | |
| Price / MA50: | +1.77% | |
| Price / MA100: | +4.49% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.23% |
Quotes :
2020-09-03 23:35:26
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Real time data
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Forex
News
The latest news and videos published on EUR/USD at the time of the analysis were as follows:
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EUR/USD and GBP/USD Forecast September 4, 2020
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EUR/USD Technical Analysis for September 4, 2020 by FXEmpire
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EUR/USD Technical Analysis For September 3, 2020 By FX Empire
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EUR/USD and GBP/USD Forecast September 3, 2020
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EUR/USD Technical Analysis for September 3, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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