EUR/USD - 1H - Technical analysis published on 11/27/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 1.1891 USD
My targets
1.1944 USD (+0.0019)
1.1975 USD (+0.0050)
My analysis
The bullish trend is currently very strong on EUR/USD. As long as the price remains above the support at 1.1891 USD, you could try to benefit from the boom. The first bullish objective is located at 1.1944 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.1975 USD as an objective. Crossing it would then enable buyers to target 1.2192 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2
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This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD rating is 1.1925 USD. On the day, this instrument gained +0.12% and was between 1.1909 USD and 1.1933 USD. This implies that the price is at +0.13% from its lowest and at -0.07% from its highest.1.1909
1.1933
1.1925
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 this 1H chart of EUR/USD indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
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
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1867 | 1.1891 | 1.1919 | 1.1925 | 1.1930 | 1.1944 | 1.2192 |
| Change (%) | -0.49% | -0.29% | -0.05% | - | +0.04% | +0.16% | +2.24% |
| Change | -0.0058 | -0.0034 | -0.0006 | - | +0.0005 | +0.0019 | +0.0267 |
| Level | Minor | Major | Minor | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1828 | 1.1856 | 1.1884 | 1.1912 | 1.1940 | 1.1968 | 1.1996 |
| Camarilla | 1.1896 | 1.1901 | 1.1906 | 1.1911 | 1.1916 | 1.1921 | 1.1926 |
| Woodie | 1.1827 | 1.1856 | 1.1883 | 1.1912 | 1.1939 | 1.1968 | 1.1995 |
| Fibonacci | 1.1856 | 1.1878 | 1.1891 | 1.1912 | 1.1934 | 1.1947 | 1.1968 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1735 | 1.1775 | 1.1815 | 1.1855 | 1.1895 | 1.1935 | 1.1975 |
| Camarilla | 1.1834 | 1.1841 | 1.1849 | 1.1856 | 1.1863 | 1.1871 | 1.1878 |
| Woodie | 1.1736 | 1.1775 | 1.1816 | 1.1855 | 1.1896 | 1.1935 | 1.1976 |
| Fibonacci | 1.1775 | 1.1805 | 1.1824 | 1.1855 | 1.1885 | 1.1904 | 1.1935 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1321 | 1.1481 | 1.1562 | 1.1722 | 1.1803 | 1.1963 | 1.2044 |
| Camarilla | 1.1578 | 1.1600 | 1.1622 | 1.1644 | 1.1666 | 1.1688 | 1.1710 |
| Woodie | 1.1283 | 1.1461 | 1.1524 | 1.1702 | 1.1765 | 1.1943 | 1.2006 |
| Fibonacci | 1.1481 | 1.1573 | 1.1630 | 1.1722 | 1.1814 | 1.1871 | 1.1963 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.28 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | -0.2566 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 1.1924 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1909 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 1.1936 | |
| Zig ZAG (10): | 1.1922 | |
| VORTEX (21): | 1.1280 | |
| Stochastique (14,3,5): | 71.79 | |
| TEMA (21): | 1.1926 | |
| Williams %R (14): | -38.46 | |
| Chande Momentum Oscillator (20): | 0.0013 | |
| Repulse (5,40,3): | 0.0384 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0036 | |
| Courbe Coppock: | 0.24 |
| MA7: | 1.1887 | |
| MA20: | 1.1833 | |
| MA50: | 1.1782 | |
| MA100: | 1.1770 | |
| MAexp7: | 1.1924 | |
| MAexp20: | 1.1919 | |
| MAexp50: | 1.1911 | |
| MAexp100: | 1.1898 | |
| Price / MA7: | +0.32% | |
| Price / MA20: | +0.78% | |
| Price / MA50: | +1.21% | |
| Price / MA100: | +1.32% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.22% |
Quotes :
2020-11-27 10:47:04
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Real time data
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Forex
News
The latest news and videos published on EUR/USD at the time of the analysis were as follows:
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EUR/USD Technical Analysis For November 27, 2020 By FX Empire
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EUR/USD and GBP/USD Forecast November 27, 2020
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EUR/USD Technical Analysis for November 27, 2020 by FXEmpire
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This member declared not having a position on this financial instrument or a related financial instrument.
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