EUR/USD - Daily - Technical analysis published on 09/25/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
17%
72%
11%
My opinion
Bearish under 1.1766 USD
My targets
1.1401 USD (-0.0228)
1.1222 USD (-0.0407)
My analysis
The strong short-term decline in EUR/USD calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 1.1766 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 1.1401 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.1222 USD as an objective. Crossing it would then enable sellers to target 1.0982 USD. Be careful, a return to above 1.1766 USD could jeopardize the reversal.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
2.1
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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 rating is 1.1629 USD. The price registered a decrease of -0.38% on the session with the lowest point at 1.1627 USD and the highest point at 1.1685 USD. The deviation from the price is +0.02% for the low point and -0.48% for the high point.1.1627
1.1685
1.1629
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of EUR/USD indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 1.0982 | 1.1222 | 1.1401 | 1.1629 | 1.1766 | 1.1922 | 1.2492 |
| Change (%) | -5.56% | -3.50% | -1.96% | - | +1.18% | +2.52% | +7.42% |
| Change | -0.0647 | -0.0407 | -0.0228 | - | +0.0137 | +0.0293 | +0.0863 |
| Level | Intermediate | Intermediate | Major | - | Minor | Major | Major |
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 | 1.1576 | 1.1601 | 1.1637 | 1.1662 | 1.1698 | 1.1723 | 1.1759 |
| Camarilla | 1.1656 | 1.1662 | 1.1667 | 1.1673 | 1.1679 | 1.1684 | 1.1690 |
| Woodie | 1.1582 | 1.1604 | 1.1643 | 1.1665 | 1.1704 | 1.1726 | 1.1765 |
| Fibonacci | 1.1601 | 1.1624 | 1.1639 | 1.1662 | 1.1685 | 1.1700 | 1.1723 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.10 | |
| MACD (12,26,9): | -0.0026 | |
| Directional Movement: | -14.0856 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 1.1753 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1807 | |
| Elder Ray (13): | -0.0093 | |
| Super Trend (3,10): | 1.1896 | |
| Zig ZAG (10): | 1.1636 | |
| VORTEX (21): | 0.9225 | |
| Stochastique (14,3,5): | 7.37 | |
| TEMA (21): | 1.1683 | |
| Williams %R (14): | -96.23 | |
| Chande Momentum Oscillator (20): | -0.0168 | |
| Repulse (5,40,3): | -0.8848 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0007 | |
| Courbe Coppock: | 2.03 |
| MA7: | 1.1732 | |
| MA20: | 1.1804 | |
| MA50: | 1.1787 | |
| MA100: | 1.1482 | |
| MAexp7: | 1.1710 | |
| MAexp20: | 1.1772 | |
| MAexp50: | 1.1714 | |
| MAexp100: | 1.1547 | |
| Price / MA7: | -0.88% | |
| Price / MA20: | -1.48% | |
| Price / MA50: | -1.34% | |
| Price / MA100: | +1.28% | |
| Price / MAexp7: | -0.69% | |
| Price / MAexp20: | -1.21% | |
| Price / MAexp50: | -0.73% | |
| Price / MAexp100: | +0.71% |
Quotes :
2020-09-25 11:58:02
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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 Technical Analysis For September 25, 2020 By FX Empire
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EUR/USD and GBP/USD Forecast September 25, 2020
-
EUR/USD Technical Analysis for September 25, 2020 by FXEmpire
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EUR/USD Technical Analysis For September 24, 2020 By FX Empire
-
EUR/USD and GBP/USD Forecast September 24, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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