EUR/USD - Daily - Technical analysis published on 09/29/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bullish
Technical indicators
28%
44%
28%
My opinion
Bullish above 1.1401 USD
My targets
1.1922 USD (+0.0194)
1.2492 USD (+0.0764)
My analysis
The basic trend is bullish on EUR/USD and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 1.1401 USD. 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. If there is a return to above the resistance located at 1.1922 USD, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 1.2492 USD and 1.3929 USD by extension.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
0.5
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This analysis was given by Picoul. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD rating is 1.1728 USD. The price has increased by +0.44% since the last closing with the lowest point at 1.1665 USD and the highest point at 1.1728 USD. The deviation from the price is +0.54% for the low point and 0% for the high point.1.1665
1.1728
1.1728
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this EUR/USD chart shows a bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
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 : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0982 | 1.1222 | 1.1401 | 1.1728 | 1.1766 | 1.1922 | 1.2492 |
| Change (%) | -6.36% | -4.31% | -2.79% | - | +0.32% | +1.65% | +6.51% |
| Change | -0.0746 | -0.0506 | -0.0327 | - | +0.0038 | +0.0194 | +0.0764 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | 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 | 1.1570 | 1.1592 | 1.1635 | 1.1657 | 1.1700 | 1.1722 | 1.1765 |
| Camarilla | 1.1659 | 1.1665 | 1.1671 | 1.1677 | 1.1683 | 1.1689 | 1.1695 |
| Woodie | 1.1580 | 1.1597 | 1.1645 | 1.1662 | 1.1710 | 1.1727 | 1.1775 |
| Fibonacci | 1.1592 | 1.1617 | 1.1633 | 1.1657 | 1.1682 | 1.1698 | 1.1722 |
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): | 46.15 | |
| MACD (12,26,9): | -0.0029 | |
| Directional Movement: | -9.1334 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 1.1733 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1743 | |
| Elder Ray (13): | -0.0042 | |
| Super Trend (3,10): | 1.1886 | |
| Zig ZAG (10): | 1.1726 | |
| VORTEX (21): | 0.8680 | |
| Stochastique (14,3,5): | 21.68 | |
| TEMA (21): | 1.1669 | |
| Williams %R (14): | -63.07 | |
| Chande Momentum Oscillator (20): | -0.0122 | |
| Repulse (5,40,3): | 0.6061 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0137 | |
| Courbe Coppock: | 2.18 |
| MA7: | 1.1690 | |
| MA20: | 1.1781 | |
| MA50: | 1.1795 | |
| MA100: | 1.1499 | |
| MAexp7: | 1.1707 | |
| MAexp20: | 1.1758 | |
| MAexp50: | 1.1713 | |
| MAexp100: | 1.1553 | |
| Price / MA7: | +0.33% | |
| Price / MA20: | -0.45% | |
| Price / MA50: | -0.57% | |
| Price / MA100: | +1.99% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +1.51% |
Quotes :
2020-09-29 14:01:09
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Real time data
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Forex
News
Don"t forget to follow the news on EUR/USD. At the time of publication of this analysis, the latest news was as follows:
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EUR/USD Technical Analysis for September 30, 2020 by FXEmpire
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EUR/USD Technical Analysis For September 29, 2020 By FX Empire
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EUR/USD and GBP/USD Forecast September 29, 2020
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EUR/USD Technical Analysis for September 28, 2020 by FXEmpire
-
EUR/USD Technical Analysis For September 28, 2020 By FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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