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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
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EUR/USD - 1H - Technical analysis published on 10/29/2020 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Bearish
De fond: Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 1.1761 USD
My targets
1.1708 USD (-0.0026)
1.1561 USD (-0.0173)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/USD as long as the price remains well below 1.1761 USD. The next bearish objective for sellers is set at 1.1708 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.1561 USD. If there is any crossing, the next objective would be the support located at 1.1399 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 over sold items that could be a sign of a short-term correction.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.6

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.

Maciej Mazur
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 1.1734 USD. On the day, this instrument lost -0.13% and was traded between 1.1725 USD and 1.1759 USD over the period. The price is currently at +0.08% from its lowest and -0.21% from its highest.

1.1725
1.1759
1.1734

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of EUR/USD in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



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

Central Indicators

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

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 3

Type : Neutral

Timeframe : Weekly


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

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 1.1399 1.1561 1.1708 1.1734 1.1744 1.1761 1.1787
Change (%) -2.85% -1.47% -0.22% - +0.09% +0.23% +0.45%
Change -0.0335 -0.0173 -0.0026 - +0.0010 +0.0027 +0.0053
Level Intermediate Intermediate Major - Minor Minor Minor



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
Standard1.16451.16821.17151.17521.17851.18221.1855
Camarilla1.17301.17361.17431.17491.17551.17621.1768
Woodie1.16441.16811.17141.17511.17841.18211.1854
Fibonacci1.16821.17081.17251.17521.17781.17951.1822


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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 33.78
MACD (12,26,9): -0.0007
Directional Movement: -14.1225
AROON (14): -50.0000
DEMA (21): 1.1740
Parabolic SAR (0,02-0,02-0,2): 1.1760
Elder Ray (13): -0.0015
Super Trend (3,10): 1.1768
Zig ZAG (10): 1.1727
VORTEX (21): 0.9807
Stochastique (14,3,5): 28.06
TEMA (21): 1.1742
Williams %R (14): -97.06
Chande Momentum Oscillator (20): -0.0019
Repulse (5,40,3): -0.2311
ROCnROLL: 2
TRIX (15,9): -0.0099
Courbe Coppock: 0.01
MA7: 1.1696
MA20: 1.1747
MA50: 1.1776
MA100: 1.1651
MAexp7: 1.1744
MAexp20: 1.1750
MAexp50: 1.1769
MAexp100: 1.1786
Price / MA7: +0.32%
Price / MA20: -0.11%
Price / MA50: -0.36%
Price / MA100: +0.71%
Price / MAexp7: -0.09%
Price / MAexp20: -0.14%
Price / MAexp50: -0.30%
Price / MAexp100: -0.44%

Quotes : 2020-10-29 08:41:30 - Real time data - Forex

News


The last news published on EUR/USD at the time of the generation of this analysis was 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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