EUR/USD - 1H - Technical analysis published on 09/24/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 1.1651 USD
My targets
1.1587 USD (-0.0049)
1.1497 USD (-0.0139)
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 1.1651 USD. The next support located at 1.1587 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 1.1497 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 are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7
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This analysis was given by pyxis2025. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD price is 1.1636 USD. On the day, this instrument lost -0.18% with the lowest point at 1.1633 USD and the highest point at 1.1680 USD. The deviation from the price is +0.03% for the low point and -0.38% for the high point.1.1633
1.1680
1.1636
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
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. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0982 | 1.1222 | 1.1401 | 1.1636 | 1.1651 | 1.1673 | 1.1719 |
| Change (%) | -5.62% | -3.56% | -2.02% | - | +0.13% | +0.32% | +0.71% |
| Change | -0.0654 | -0.0414 | -0.0235 | - | +0.0015 | +0.0037 | +0.0083 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Minor | Intermediate |
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 | 1.1564 | 1.1608 | 1.1632 | 1.1676 | 1.1700 | 1.1744 | 1.1768 |
| Camarilla | 1.1638 | 1.1645 | 1.1651 | 1.1657 | 1.1663 | 1.1670 | 1.1676 |
| Woodie | 1.1555 | 1.1603 | 1.1623 | 1.1671 | 1.1691 | 1.1739 | 1.1759 |
| Fibonacci | 1.1608 | 1.1634 | 1.1650 | 1.1676 | 1.1702 | 1.1718 | 1.1744 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.07 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | -7.5028 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 1.1644 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1666 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 1.1692 | |
| Zig ZAG (10): | 1.1638 | |
| VORTEX (21): | 0.9108 | |
| Stochastique (14,3,5): | 14.18 | |
| TEMA (21): | 1.1641 | |
| Williams %R (14): | -93.62 | |
| Chande Momentum Oscillator (20): | -0.0037 | |
| Repulse (5,40,3): | -0.1530 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0143 | |
| Courbe Coppock: | 0.26 |
| MA7: | 1.1752 | |
| MA20: | 1.1816 | |
| MA50: | 1.1783 | |
| MA100: | 1.1473 | |
| MAexp7: | 1.1649 | |
| MAexp20: | 1.1661 | |
| MAexp50: | 1.1688 | |
| MAexp100: | 1.1726 | |
| Price / MA7: | -0.99% | |
| Price / MA20: | -1.52% | |
| Price / MA50: | -1.25% | |
| Price / MA100: | +1.42% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.44% | |
| Price / MAexp100: | -0.77% |
Quotes :
2020-09-24 12:02:28
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Real time data
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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 24, 2020 By FX Empire
-
EUR/USD and GBP/USD Forecast September 24, 2020
-
EUR/USD Technical Analysis for September 24, 2020 by FXEmpire
-
EUR/USD Technical Analysis For September 23, 2020 By FX Empire
-
EUR/USD and GBP/USD Forecast September 23, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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