EUR/USD - Weekly - Technical analysis published on 01/11/2021 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 1.1778 USD
My targets
1.2492 USD (+0.0321)
1.2746 USD (+0.0575)
My analysis
The bullish trend is currently very strong on EUR/USD. As long as the price remains above the support at 1.1778 USD, you could try to benefit from the boom. The first bullish objective is located at 1.2492 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.2746 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, 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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Additional analysis
Quotes
The EUR/USD rating is 1.2171 USD. The price is lower by -0.67% over the 5 days with the lowest point at 1.2193 USD and the highest point at 1.2345 USD. The deviation from the price is -0.18% for the low point and -1.41% for the high point.1.2193
1.2345
1.2171
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/USD in Weekly shows a strongly overall bullish trend. 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Weekly
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 | 1.1222 | 1.1561 | 1.2059 | 1.2171 | 1.2492 | 1.3929 | 1.5127 |
| Change (%) | -7.80% | -5.01% | -0.92% | - | +2.64% | +14.44% | +24.29% |
| Change | -0.0949 | -0.0610 | -0.0112 | - | +0.0321 | +0.1758 | +0.2956 |
| Level | Minor | Major | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2090 | 1.2142 | 1.2182 | 1.2234 | 1.2274 | 1.2326 | 1.2366 |
| Camarilla | 1.2198 | 1.2206 | 1.2215 | 1.2223 | 1.2231 | 1.2240 | 1.2248 |
| Woodie | 1.2085 | 1.2139 | 1.2177 | 1.2231 | 1.2269 | 1.2323 | 1.2361 |
| Fibonacci | 1.2142 | 1.2177 | 1.2199 | 1.2234 | 1.2269 | 1.2291 | 1.2326 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2005 | 1.2099 | 1.2161 | 1.2255 | 1.2317 | 1.2411 | 1.2473 |
| Camarilla | 1.2180 | 1.2194 | 1.2209 | 1.2223 | 1.2237 | 1.2252 | 1.2266 |
| Woodie | 1.1989 | 1.2091 | 1.2145 | 1.2247 | 1.2301 | 1.2403 | 1.2457 |
| Fibonacci | 1.2099 | 1.2159 | 1.2195 | 1.2255 | 1.2315 | 1.2351 | 1.2411 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1621 | 1.1778 | 1.1996 | 1.2153 | 1.2371 | 1.2528 | 1.2746 |
| Camarilla | 1.2111 | 1.2145 | 1.2180 | 1.2214 | 1.2248 | 1.2283 | 1.2317 |
| Woodie | 1.1652 | 1.1793 | 1.2027 | 1.2168 | 1.2402 | 1.2543 | 1.2777 |
| Fibonacci | 1.1778 | 1.1921 | 1.2010 | 1.2153 | 1.2296 | 1.2385 | 1.2528 |
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): | 63.48 | |
| MACD (12,26,9): | 0.0196 | |
| Directional Movement: | 19.3387 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 1.2212 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1831 | |
| Elder Ray (13): | 0.0146 | |
| Super Trend (3,10): | 1.1766 | |
| Zig ZAG (10): | 1.2169 | |
| VORTEX (21): | 1.1164 | |
| Stochastique (14,3,5): | 81.80 | |
| TEMA (21): | 1.2257 | |
| Williams %R (14): | -23.86 | |
| Chande Momentum Oscillator (20): | 0.0312 | |
| Repulse (5,40,3): | -0.4602 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2380 | |
| Courbe Coppock: | 6.57 |
| MA7: | 1.2253 | |
| MA20: | 1.2223 | |
| MA50: | 1.2033 | |
| MA100: | 1.1911 | |
| MAexp7: | 1.2146 | |
| MAexp20: | 1.1952 | |
| MAexp50: | 1.1654 | |
| MAexp100: | 1.1492 | |
| Price / MA7: | -0.67% | |
| Price / MA20: | -0.43% | |
| Price / MA50: | +1.15% | |
| Price / MA100: | +2.18% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +1.83% | |
| Price / MAexp50: | +4.44% | |
| Price / MAexp100: | +5.91% |
Quotes :
2021-01-11 05:14:23
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Real time data
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Forex
News
Don"t forget to follow the news on EUR/USD. At the time of publication of this analysis, the latest news was as follows:
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EUR/USD Technical Analysis for the Week of January 11, 2020 by FXEmpire
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EUR/USD Technical Analysis for January 11, 2021 by FXEmpire
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EUR/USD Technical Analysis For January 8, 2021 By FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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