EUR/USD - 1H - Technical analysis published on 10/09/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.1781 USD
My targets
1.1941 USD (+0.0130)
1.2036 USD (+0.0225)
My analysis
EUR/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.1781 USD. The next resistance located at 1.1941 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.2036 USD. After this resistance, buyers could then target 1.2492 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD rating is 1.1811 USD. The price has increased by +0.37% since the last closing and was traded between 1.1757 USD and 1.1819 USD over the period. The price is currently at +0.46% from its lowest and -0.07% from its highest.1.1757
1.1819
1.1811
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 EUR/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
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 | 1.1755 | 1.1781 | 1.1808 | 1.1811 | 1.2036 | 1.2492 | 1.3929 |
| Change (%) | -0.47% | -0.25% | -0.03% | - | +1.91% | +5.77% | +17.93% |
| Change | -0.0056 | -0.0030 | -0.0003 | - | +0.0225 | +0.0681 | +0.2118 |
| Level | Intermediate | Major | Minor | - | Intermediate | Major | Minor |
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 | 1.1690 | 1.1712 | 1.1739 | 1.1761 | 1.1788 | 1.1810 | 1.1837 |
| Camarilla | 1.1754 | 1.1758 | 1.1763 | 1.1767 | 1.1772 | 1.1776 | 1.1781 |
| Woodie | 1.1694 | 1.1713 | 1.1743 | 1.1762 | 1.1792 | 1.1811 | 1.1841 |
| Fibonacci | 1.1712 | 1.1730 | 1.1742 | 1.1761 | 1.1779 | 1.1791 | 1.1810 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1476 | 1.1545 | 1.1631 | 1.1700 | 1.1786 | 1.1855 | 1.1941 |
| Camarilla | 1.1673 | 1.1688 | 1.1702 | 1.1716 | 1.1730 | 1.1744 | 1.1759 |
| Woodie | 1.1484 | 1.1549 | 1.1639 | 1.1704 | 1.1794 | 1.1859 | 1.1949 |
| Fibonacci | 1.1545 | 1.1605 | 1.1641 | 1.1700 | 1.1760 | 1.1796 | 1.1855 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1155 | 1.1383 | 1.1554 | 1.1782 | 1.1953 | 1.2181 | 1.2352 |
| Camarilla | 1.1614 | 1.1651 | 1.1687 | 1.1724 | 1.1761 | 1.1797 | 1.1834 |
| Woodie | 1.1126 | 1.1369 | 1.1525 | 1.1768 | 1.1924 | 1.2167 | 1.2323 |
| Fibonacci | 1.1383 | 1.1536 | 1.1630 | 1.1782 | 1.1935 | 1.2029 | 1.2181 |
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): | 68.87 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 14.4539 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 1.1797 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1773 | |
| Elder Ray (13): | 0.0020 | |
| Super Trend (3,10): | 1.1772 | |
| Zig ZAG (10): | 1.1805 | |
| VORTEX (21): | 1.2217 | |
| Stochastique (14,3,5): | 85.97 | |
| TEMA (21): | 1.1808 | |
| Williams %R (14): | -23.73 | |
| Chande Momentum Oscillator (20): | 0.0030 | |
| Repulse (5,40,3): | 0.0835 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0102 | |
| Courbe Coppock: | 0.62 |
| MA7: | 1.1762 | |
| MA20: | 1.1755 | |
| MA50: | 1.1802 | |
| MA100: | 1.1568 | |
| MAexp7: | 1.1801 | |
| MAexp20: | 1.1783 | |
| MAexp50: | 1.1772 | |
| MAexp100: | 1.1763 | |
| Price / MA7: | +0.42% | |
| Price / MA20: | +0.48% | |
| Price / MA50: | +0.08% | |
| Price / MA100: | +2.10% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | +0.41% |
Quotes :
2020-10-09 14:04:39
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Real time data
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Forex
News
The last news published on EUR/USD at the time of the generation of this analysis was as follows:
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EUR/USD Technical Analysis for October 12, 2020 by FXEmpire
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EUR/USD Technical Analysis For October 9, 2020 By FX Empire
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EUR/USD and GBP/USD Forecast October 9, 2020
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EUR/USD Technical Analysis for October 9, 2020 by FXEmpire
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EUR/USD Technical Analysis For October 8, 2020 By FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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