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EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURUSD
ISIN:

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: Bullish
De fond: Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 1.1686 USD
My targets
1.1746 USD (+0.0017)
1.1766 USD (+0.0037)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/USD as long as the price remains well above 1.1686 USD. The buyers” bullish objective is set at 1.1746 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1766 USD. If there is any crossing, the next objective would be the resistance located at 1.1826 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

hsokkar
This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/USD rating is 1.1729 USD. The price registered a decrease of -0.10% on the session and was between 1.1685 USD and 1.1755 USD. This implies that the price is at +0.38% from its lowest and at -0.22% from its highest.

1.1685
1.1755
1.1729

Here is a more detailed summary of the historical variations registered by EUR/USD:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this EUR/USD chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.1664 1.1686 1.1719 1.1729 1.1746 1.1766 1.1826
Change (%) -0.55% -0.37% -0.09% - +0.14% +0.32% +0.83%
Change -0.0065 -0.0043 -0.0010 - +0.0017 +0.0037 +0.0097
Level Intermediate Intermediate Minor - Intermediate Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.16081.16361.16891.17171.17701.17981.1851
Camarilla1.17191.17261.17341.17411.17481.17561.1763
Woodie1.16201.16421.17011.17231.17821.18041.1863
Fibonacci1.16361.16671.16861.17171.17481.17671.1798


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.12791.14451.15391.17051.17991.19651.2059
Camarilla1.15611.15841.16081.16321.16561.16801.1704
Woodie1.12421.14271.15021.16871.17621.19471.2022
Fibonacci1.14451.15451.16061.17051.18051.18661.1965


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.14971.15961.17671.18661.20371.21361.2307
Camarilla1.18631.18881.19121.19371.19621.19871.2011
Woodie1.15321.16141.18021.18841.20721.21541.2342
Fibonacci1.15961.17001.17631.18661.19701.20331.2136

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): 56.41
MACD (12,26,9): 0.0003
Directional Movement: 4.3259
AROON (14): -78.5714
DEMA (21): 1.1726
Parabolic SAR (0,02-0,02-0,2): 1.1685
Elder Ray (13): 0.0016
Super Trend (3,10): 1.1754
Zig ZAG (10): 1.1741
VORTEX (21): 0.9610
Stochastique (14,3,5): 52.38
TEMA (21): 1.1719
Williams %R (14): -20.00
Chande Momentum Oscillator (20): 0.0009
Repulse (5,40,3): 0.1985
ROCnROLL: 1
TRIX (15,9): 0.0062
Courbe Coppock: 0.40
MA7: 1.1689
MA20: 1.1776
MA50: 1.1799
MA100: 1.1508
MAexp7: 1.1719
MAexp20: 1.1721
MAexp50: 1.1707
MAexp100: 1.1697
Price / MA7: +0.34%
Price / MA20: -0.40%
Price / MA50: -0.59%
Price / MA100: +1.92%
Price / MAexp7: +0.09%
Price / MAexp20: +0.07%
Price / MAexp50: +0.19%
Price / MAexp100: +0.27%

Quotes : 2020-09-30 15:51:45 - Real time data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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