EUR/USD - 1H - Technical analysis published on 09/21/2020 (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:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 1.1810 USD
My targets
1.1737 USD (-0.0034)
1.1587 USD (-0.0184)
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 1.1810 USD. The next support located at 1.1737 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 1.1587 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.6
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This analysis was given by pyxis2025. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.1771 USD. On the day, this instrument lost -0.58% and was between 1.1768 USD and 1.1872 USD. This implies that the price is at +0.03% from its lowest and at -0.85% from its highest.1.1768
1.1872
1.1771
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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
Technical analysis of this 1H chart of EUR/USD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1401 | 1.1737 | 1.1766 | 1.1771 | 1.1810 | 1.1827 | 1.1844 |
| Change (%) | -3.14% | -0.29% | -0.04% | - | +0.33% | +0.48% | +0.62% |
| Change | -0.0370 | -0.0034 | -0.0005 | - | +0.0039 | +0.0056 | +0.0073 |
| Level | Major | Intermediate | Major | - | Minor | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1775 | 1.1801 | 1.1820 | 1.1846 | 1.1865 | 1.1891 | 1.1910 |
| Camarilla | 1.1828 | 1.1832 | 1.1836 | 1.1840 | 1.1844 | 1.1848 | 1.1852 |
| Woodie | 1.1773 | 1.1799 | 1.1818 | 1.1844 | 1.1863 | 1.1889 | 1.1908 |
| Fibonacci | 1.1801 | 1.1818 | 1.1829 | 1.1846 | 1.1863 | 1.1874 | 1.1891 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1587 | 1.1662 | 1.1751 | 1.1826 | 1.1915 | 1.1990 | 1.2079 |
| Camarilla | 1.1795 | 1.1810 | 1.1825 | 1.1840 | 1.1855 | 1.1870 | 1.1885 |
| Woodie | 1.1594 | 1.1666 | 1.1758 | 1.1830 | 1.1922 | 1.1994 | 1.2086 |
| Fibonacci | 1.1662 | 1.1725 | 1.1763 | 1.1826 | 1.1889 | 1.1927 | 1.1990 |
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): | 27.00 | |
| MACD (12,26,9): | -0.0015 | |
| Directional Movement: | -24.1883 | |
| AROON (14): | -42.8572 | |
| DEMA (21): | 1.1815 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1849 | |
| Elder Ray (13): | -0.0028 | |
| Super Trend (3,10): | 1.1837 | |
| Zig ZAG (10): | 1.1789 | |
| VORTEX (21): | 0.7974 | |
| Stochastique (14,3,5): | 15.46 | |
| TEMA (21): | 1.1799 | |
| Williams %R (14): | -87.63 | |
| Chande Momentum Oscillator (20): | -0.0073 | |
| Repulse (5,40,3): | -0.1462 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0054 | |
| Courbe Coppock: | 0.71 |
| MA7: | 1.1834 | |
| MA20: | 1.1841 | |
| MA50: | 1.1767 | |
| MA100: | 1.1448 | |
| MAexp7: | 1.1805 | |
| MAexp20: | 1.1826 | |
| MAexp50: | 1.1835 | |
| MAexp100: | 1.1837 | |
| Price / MA7: | -0.53% | |
| Price / MA20: | -0.59% | |
| Price / MA50: | +0.03% | |
| Price / MA100: | +2.82% | |
| Price / MAexp7: | -0.29% | |
| Price / MAexp20: | -0.47% | |
| Price / MAexp50: | -0.54% | |
| Price / MAexp100: | -0.56% |
Quotes :
2020-09-21 12:33:10
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Real time data
-
Forex
News
The last news published on EUR/USD at the time of the generation of this analysis was as follows:
-
EUR/USD Technical Analysis For September 21, 2020 By FX Empire
-
EURUSD Pressure Building while Anxious Traders Weigh: Did S&P 500 Break
-
EUR/USD and GBP/USD Forecast September 21, 2020
-
EUR/USD Technical Analysis for the Week of September 21, 2020 by FXEmpire
-
EUR/USD Technical Analysis for September 21, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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