EUR/USD - 1H - Technical analysis published on 10/27/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 1.1803 USD
My targets
1.1866 USD (+0.0032)
1.1881 USD (+0.0047)
My analysis
The strong short-term increase for EUR/USD reinforces the current slightly bullish trend. As long as the price remains above 1.1803 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 1.1866 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.1881 USD as an objective. Crossing it would then enable buyers to target 1.1944 USD. A return to 1.1803 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
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
5
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This analysis was given by Maciej Mazur. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD rating is 1.1834 USD. The price has increased by +0.21% since the last closing with the lowest point at 1.1796 USD and the highest point at 1.1838 USD. The deviation from the price is +0.32% for the low point and -0.03% for the high point.1.1796
1.1838
1.1834
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/USD in 1H shows an overall slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1759 | 1.1803 | 1.1826 | 1.1834 | 1.1841 | 1.1866 | 1.1881 |
| Change (%) | -0.63% | -0.26% | -0.07% | - | +0.06% | +0.27% | +0.40% |
| Change | -0.0075 | -0.0031 | -0.0008 | - | +0.0007 | +0.0032 | +0.0047 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Major | 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 | 1.1054 | 1.1087 | 1.1108 | 1.1141 | 1.1162 | 1.1195 | 1.1216 |
| Camarilla | 1.1113 | 1.1118 | 1.1123 | 1.1128 | 1.1133 | 1.1138 | 1.1143 |
| Woodie | 1.1047 | 1.1084 | 1.1101 | 1.1138 | 1.1155 | 1.1192 | 1.1209 |
| Fibonacci | 1.1087 | 1.1108 | 1.1121 | 1.1141 | 1.1162 | 1.1175 | 1.1195 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0596 | 1.0696 | 1.0843 | 1.0943 | 1.1090 | 1.1190 | 1.1337 |
| Camarilla | 1.0922 | 1.0945 | 1.0967 | 1.0990 | 1.1013 | 1.1035 | 1.1058 |
| Woodie | 1.0620 | 1.0708 | 1.0867 | 1.0955 | 1.1114 | 1.1202 | 1.1361 |
| Fibonacci | 1.0696 | 1.0790 | 1.0849 | 1.0943 | 1.1037 | 1.1096 | 1.1190 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1508 | 1.1314 | 1.1562 | 1.1368 | 1.1616 | 1.1422 | 1.1670 |
| Camarilla | 1.1794 | 1.1799 | 1.1804 | 1.1809 | 1.1814 | 1.1819 | 1.1824 |
| Woodie | 1.1728 | 1.1425 | 1.1782 | 1.1479 | 1.1836 | 1.1533 | 1.1890 |
| Fibonacci | 1.1314 | 1.1335 | 1.1348 | 1.1368 | 1.1389 | 1.1402 | 1.1422 |
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): | 57.79 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 3.5285 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 1.1820 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1797 | |
| Elder Ray (13): | 0.0010 | |
| Super Trend (3,10): | 1.1839 | |
| Zig ZAG (10): | 1.1835 | |
| VORTEX (21): | 1.0664 | |
| Stochastique (14,3,5): | 79.33 | |
| TEMA (21): | 1.1821 | |
| Williams %R (14): | -26.19 | |
| Chande Momentum Oscillator (20): | 0.0006 | |
| Repulse (5,40,3): | 0.0094 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0020 | |
| Courbe Coppock: | 0.06 |
| MA7: | 1.1732 | |
| MA20: | 1.1748 | |
| MA50: | 1.1781 | |
| MA100: | 1.1642 | |
| MAexp7: | 1.1822 | |
| MAexp20: | 1.1821 | |
| MAexp50: | 1.1823 | |
| MAexp100: | 1.1821 | |
| Price / MA7: | +0.87% | |
| Price / MA20: | +0.73% | |
| Price / MA50: | +0.45% | |
| Price / MA100: | +1.65% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.12% |
Quotes :
2020-10-27 13:57:23
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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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EURUSD Shows Parallels to DAX and S&P 500 as Covid and Earnings Guide Relative Risk
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EUR/USD and GBP/USD Forecast October 27, 2020
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EUR/USD Technical Analysis for October 27, 2020 by FXEmpire
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EUR/USD Technical Analysis For October 26, 2020 By FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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