EUR/USD - Daily - Technical analysis published on 11/27/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.1722 USD
My targets
1.2192 USD (+0.0241)
1.2492 USD (+0.0541)
My analysis
The bullish trend is currently very strong on EUR/USD. As long as the price remains above the support at 1.1722 USD, you could try to benefit from the boom. The first bullish objective is located at 1.2192 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.2492 USD as an objective. Crossing it would then enable buyers to target 1.3929 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, 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
8.9
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This analysis was given by pyxis2025. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.1951 USD. On the day, this instrument gained +0.34% with the lowest point at 1.1909 USD and the highest point at 1.1962 USD. The deviation from the price is +0.35% for the low point and -0.09% for the high point.1.1909
1.1962
1.1951
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of EUR/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
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:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1399 | 1.1561 | 1.1944 | 1.1951 | 1.2192 | 1.2492 | 1.3929 |
| Change (%) | -4.62% | -3.26% | -0.06% | - | +2.02% | +4.53% | +16.55% |
| Change | -0.0552 | -0.0390 | -0.0007 | - | +0.0241 | +0.0541 | +0.1978 |
| Level | Minor | Major | Major | - | Minor | Major | 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 |
|---|---|---|---|---|---|---|---|
| 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): | 64.32 | |
| MACD (12,26,9): | 0.0038 | |
| Directional Movement: | 6.0777 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 1.1895 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1802 | |
| Elder Ray (13): | 0.0064 | |
| Super Trend (3,10): | 1.1734 | |
| Zig ZAG (10): | 1.1950 | |
| VORTEX (21): | 1.1615 | |
| Stochastique (14,3,5): | 90.69 | |
| TEMA (21): | 1.1921 | |
| Williams %R (14): | -3.23 | |
| Chande Momentum Oscillator (20): | 0.0176 | |
| Repulse (5,40,3): | 0.6715 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0331 | |
| Courbe Coppock: | 1.90 |
| MA7: | 1.1892 | |
| MA20: | 1.1835 | |
| MA50: | 1.1783 | |
| MA100: | 1.1771 | |
| MAexp7: | 1.1901 | |
| MAexp20: | 1.1851 | |
| MAexp50: | 1.1801 | |
| MAexp100: | 1.1701 | |
| Price / MA7: | +0.50% | |
| Price / MA20: | +0.98% | |
| Price / MA50: | +1.43% | |
| Price / MA100: | +1.53% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +0.84% | |
| Price / MAexp50: | +1.27% | |
| Price / MAexp100: | +2.14% |
Quotes :
2020-11-27 18:18:42
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Real time data
-
Forex
News
The last news published on EUR/USD at the time of the generation of this analysis was as follows:
-
EUR/USD Technical Analysis for the Week of November 30, 2020 by FXEmpire
-
EUR/USD Technical Analysis for November 30, 2020 by FXEmpire
-
EUR/USD Technical Analysis For November 27, 2020 By FX Empire
-
EUR/USD and GBP/USD Forecast November 27, 2020
-
EUR/USD Technical Analysis for November 27, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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