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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 10/20/2020 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.1794 USD
My targets
1.1883 USD (+0.0056)
1.1944 USD (+0.0117)
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 1.1794 USD. The next resistance located at 1.1883 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 1.1944 USD. After this resistance, buyers could then target 1.2192 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9

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.

huthayfa
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15 min. Daily Weekly

Additional analysis

Quotes

The EUR/USD price is 1.1827 USD. On the day, this instrument gained +0.50% and was between 1.1760 USD and 1.1841 USD. This implies that the price is at +0.57% from its lowest and at -0.12% from its highest.

1.1760
1.1841
1.1827

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

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. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

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 1.1771 1.1794 1.1817 1.1827 1.1832 1.1944 1.2192
Change (%) -0.47% -0.28% -0.08% - +0.04% +0.99% +3.09%
Change -0.0056 -0.0033 -0.0010 - +0.0005 +0.0117 +0.0365
Level Major Intermediate 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
Standard1.16251.16641.17161.17551.18071.18461.1898
Camarilla1.17431.17511.17601.17681.17761.17851.1793
Woodie1.16321.16671.17231.17581.18141.18491.1905
Fibonacci1.16641.16991.17201.17551.17901.18111.1846


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.15231.16051.16621.17441.18011.18831.1940
Camarilla1.16801.16931.17051.17181.17311.17441.1756
Woodie1.15101.15991.16491.17381.17881.18771.1927
Fibonacci1.16051.16581.16911.17441.17971.18301.1883


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.11551.13831.15541.17821.19531.21811.2352
Camarilla1.16141.16511.16871.17241.17611.17971.1834
Woodie1.11261.13691.15251.17681.19241.21671.2323
Fibonacci1.13831.15361.16301.17821.19351.20291.2181

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): 70.07
MACD (12,26,9): 0.0018
Directional Movement: 24.9076
AROON (14): 50.0000
DEMA (21): 1.1815
Parabolic SAR (0,02-0,02-0,2): 1.1782
Elder Ray (13): 0.0024
Super Trend (3,10): 1.1782
Zig ZAG (10): 1.1827
VORTEX (21): 1.2038
Stochastique (14,3,5): 91.18
TEMA (21): 1.1819
Williams %R (14): -3.70
Chande Momentum Oscillator (20): 0.0070
Repulse (5,40,3): 0.3453
ROCnROLL: 1
TRIX (15,9): 0.0162
Courbe Coppock: 0.66
MA7: 1.1761
MA20: 1.1738
MA50: 1.1797
MA100: 1.1618
MAexp7: 1.1811
MAexp20: 1.1793
MAexp50: 1.1769
MAexp100: 1.1757
Price / MA7: +0.56%
Price / MA20: +0.76%
Price / MA50: +0.25%
Price / MA100: +1.80%
Price / MAexp7: +0.14%
Price / MAexp20: +0.29%
Price / MAexp50: +0.49%
Price / MAexp100: +0.60%

Quotes : 2020-10-20 15:15:33 - Real time data - Forex

News


The latest news and videos published on EUR/USD at the time of the analysis were as follows:

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

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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