EUR/USD - 1H - Technical analysis published on 09/30/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
28%
56%
My opinion
Bullish above 1.1686 USD
My targets
1.1746 USD (+0.0029)
1.1766 USD (+0.0049)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/USD. As long as you are above the support located at 1.1686 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.1746 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.1766 USD as an objective. Crossing it would then enable buyers to target 1.1826 USD. If the support 1.1686 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.9
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This analysis was given by RaviM. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD rating is 1.1717 USD. On the day, this instrument lost -0.20% and was between 1.1715 USD and 1.1755 USD. This implies that the price is at +0.02% from its lowest and at -0.32% from its highest.1.1715
1.1755
1.1717
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
Technical
Technical analysis of EUR/USD in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 3 are bullish, 10 are neutral and 5 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1626 | 1.1664 | 1.1686 | 1.1717 | 1.1719 | 1.1746 | 1.1766 |
| Change (%) | -0.78% | -0.45% | -0.26% | - | +0.02% | +0.25% | +0.42% |
| Change | -0.0091 | -0.0053 | -0.0031 | - | +0.0002 | +0.0029 | +0.0049 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1608 | 1.1636 | 1.1689 | 1.1717 | 1.1770 | 1.1798 | 1.1851 |
| Camarilla | 1.1719 | 1.1726 | 1.1734 | 1.1741 | 1.1748 | 1.1756 | 1.1763 |
| Woodie | 1.1620 | 1.1642 | 1.1701 | 1.1723 | 1.1782 | 1.1804 | 1.1863 |
| Fibonacci | 1.1636 | 1.1667 | 1.1686 | 1.1717 | 1.1748 | 1.1767 | 1.1798 |
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): | 52.16 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 4.3666 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.1743 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1751 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 1.1708 | |
| Zig ZAG (10): | 1.1718 | |
| VORTEX (21): | 1.0679 | |
| Stochastique (14,3,5): | 25.51 | |
| TEMA (21): | 1.1738 | |
| Williams %R (14): | -97.44 | |
| Chande Momentum Oscillator (20): | -0.0027 | |
| Repulse (5,40,3): | -0.1846 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0184 | |
| Courbe Coppock: | 0.00 |
| MA7: | 1.1687 | |
| MA20: | 1.1776 | |
| MA50: | 1.1799 | |
| MA100: | 1.1508 | |
| MAexp7: | 1.1733 | |
| MAexp20: | 1.1728 | |
| MAexp50: | 1.1705 | |
| MAexp100: | 1.1695 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | -0.50% | |
| Price / MA50: | -0.69% | |
| Price / MA100: | +1.82% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.19% |
Quotes :
2020-09-30 08:48:13
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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 30, 2020 By FX Empire
-
EUR/USD and GBP/USD Forecast September 30, 2020
-
EUR/USD Technical Analysis for September 30, 2020 by FXEmpire
-
EUR/USD Technical Analysis For September 29, 2020 By FX Empire
-
EUR/USD and GBP/USD Forecast September 29, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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