EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
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Type: Forex
Ticker: EURUSD
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EUR/USD - 1H - Technical analysis published on 10/28/2020 (GMT)

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

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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 1.1760 USD
My targets
1.1708 USD (-0.0019)
1.1561 USD (-0.0166)
My analysis
EUR/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.1760 USD. The next support located at 1.1708 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.1561 USD. Below this support, sellers could then target 1.1399 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.9

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.

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

Additional analysis

Quotes

EUR/USD rating 1.1727 USD. On the day, this instrument lost -0.46% and was traded between 1.1725 USD and 1.1788 USD over the period. The price is currently at +0.02% from its lowest and -0.52% from its highest.

1.1725
1.1788
1.1727

So that you have an overall view of the price change, here is a table showing the variations over several periods:
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


A technical analysis in 1H of this EUR/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour



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

Central Patterns

Near support of triangle

Type : Bullish

Timeframe : 1 hour


Horizontal support is broken

Type : Bearish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.1561 1.1708 1.1727 1.1727 1.1760 1.1795 1.1811
Change (%) -1.42% -0.16% 0% - +0.28% +0.58% +0.72%
Change -0.0166 -0.0019 0 - +0.0033 +0.0068 +0.0084
Level Intermediate Major 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
Standard1.16841.17261.17541.17961.18241.18661.1894
Camarilla1.17621.17681.17751.17811.17871.17941.1800
Woodie1.16761.17231.17461.17931.18161.18631.1886
Fibonacci1.17261.17531.17701.17961.18231.18401.1866


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.05961.06961.08431.09431.10901.11901.1337
Camarilla1.09221.09451.09671.09901.10131.10351.1058
Woodie1.06201.07081.08671.09551.11141.12021.1361
Fibonacci1.06961.07901.08491.09431.10371.10961.1190


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.15081.13141.15621.13681.16161.14221.1670
Camarilla1.17941.17991.18041.18091.18141.18191.1824
Woodie1.17281.14251.17821.14791.18361.15331.1890
Fibonacci1.13141.13351.13481.13681.13891.14021.1422

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 19.26
MACD (12,26,9): -0.0020
Directional Movement: -29.8263
AROON (14): -78.5714
DEMA (21): 1.1748
Parabolic SAR (0,02-0,02-0,2): 1.1767
Elder Ray (13): -0.0030
Super Trend (3,10): 1.1773
Zig ZAG (10): 1.1728
VORTEX (21): 0.6607
Stochastique (14,3,5): 5.59
TEMA (21): 1.1737
Williams %R (14): -93.65
Chande Momentum Oscillator (20): -0.0051
Repulse (5,40,3): -0.2112
ROCnROLL: 2
TRIX (15,9): -0.0180
Courbe Coppock: 0.77
MA7: 1.1711
MA20: 1.1745
MA50: 1.1777
MA100: 1.1646
MAexp7: 1.1749
MAexp20: 1.1772
MAexp50: 1.1795
MAexp100: 1.1805
Price / MA7: +0.14%
Price / MA20: -0.15%
Price / MA50: -0.42%
Price / MA100: +0.70%
Price / MAexp7: -0.19%
Price / MAexp20: -0.38%
Price / MAexp50: -0.58%
Price / MAexp100: -0.66%

Quotes : 2020-10-28 12:23:23 - Real time data - Forex

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

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