EUR/USD - Daily - Technical analysis published on 09/28/2020 (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%
67%
17%
My opinion
Bearish under 1.1766 USD
My targets
1.1401 USD (-0.0223)
1.1222 USD (-0.0402)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for EUR/USD as long as the price remains well below 1.1766 USD. The next bearish objective for sellers is set at 1.1401 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.1222 USD. In case of crossing, the next objective would be the support located at 1.0982 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 1.1401 USD. With this support, against the trend traders who want to buy EUR/USD on a buy signal from their trading strategy should not hesitate to act.
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
2.3
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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 1.1624 USD. The price registered a decrease of -0.09% on the session and was between 1.1618 USD and 1.1636 USD. This implies that the price is at +0.05% from its lowest and at -0.10% from its highest.1.1618
1.1636
1.1624
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 Daily chart of EUR/USD indicates that the overall trend is slightly bullish. 53.57% 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 bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 1.0982 | 1.1222 | 1.1401 | 1.1624 | 1.1766 | 1.1922 | 1.2492 |
| Change (%) | -5.52% | -3.46% | -1.92% | - | +1.22% | +2.56% | +7.47% |
| Change | -0.0642 | -0.0402 | -0.0223 | - | +0.0142 | +0.0298 | +0.0868 |
| Level | Intermediate | Intermediate | Major | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1600 | 1.1609 | 1.1621 | 1.1630 | 1.1642 | 1.1651 | 1.1663 |
| Camarilla | 1.1628 | 1.1630 | 1.1632 | 1.1634 | 1.1636 | 1.1638 | 1.1640 |
| Woodie | 1.1603 | 1.1610 | 1.1624 | 1.1631 | 1.1645 | 1.1652 | 1.1666 |
| Fibonacci | 1.1609 | 1.1617 | 1.1622 | 1.1630 | 1.1638 | 1.1643 | 1.1651 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1279 | 1.1445 | 1.1539 | 1.1705 | 1.1799 | 1.1965 | 1.2059 |
| Camarilla | 1.1561 | 1.1584 | 1.1608 | 1.1632 | 1.1656 | 1.1680 | 1.1704 |
| Woodie | 1.1242 | 1.1427 | 1.1502 | 1.1687 | 1.1762 | 1.1947 | 1.2022 |
| Fibonacci | 1.1445 | 1.1545 | 1.1606 | 1.1705 | 1.1805 | 1.1866 | 1.1965 |
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): | 35.12 | |
| MACD (12,26,9): | -0.0040 | |
| Directional Movement: | -14.5473 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 1.1709 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1743 | |
| Elder Ray (13): | -0.0091 | |
| Super Trend (3,10): | 1.1835 | |
| Zig ZAG (10): | 1.1624 | |
| VORTEX (21): | 0.8343 | |
| Stochastique (14,3,5): | 6.75 | |
| TEMA (21): | 1.1637 | |
| Williams %R (14): | -93.79 | |
| Chande Momentum Oscillator (20): | -0.0217 | |
| Repulse (5,40,3): | -0.3068 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0164 | |
| Courbe Coppock: | 2.59 |
| MA7: | 1.1671 | |
| MA20: | 1.1774 | |
| MA50: | 1.1793 | |
| MA100: | 1.1498 | |
| MAexp7: | 1.1676 | |
| MAexp20: | 1.1745 | |
| MAexp50: | 1.1708 | |
| MAexp100: | 1.1550 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | -1.27% | |
| Price / MA50: | -1.43% | |
| Price / MA100: | +1.10% | |
| Price / MAexp7: | -0.45% | |
| Price / MAexp20: | -1.03% | |
| Price / MAexp50: | -0.72% | |
| Price / MAexp100: | +0.64% |
Quotes :
2020-09-28 00:56:22
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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 28, 2020
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EUR/USD Technical Analysis for the Week of September 28, 2020 by FXEmpire
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EUR/USD Technical Analysis for September 28, 2020 by FXEmpire
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EUR/USD Technical Analysis For September 25, 2020 By FX Empire
-
EUR/USD and GBP/USD Forecast September 25, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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