EUR/USD - 1H - Technical analysis published on 01/18/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
50%
22%
28%
My opinion
Bearish under 1.2137 USD
My targets
1.1969 USD (-0.0102)
1.1869 USD (-0.0202)
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 1.2137 USD. The next support located at 1.1969 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 1.1869 USD. Below this support, sellers could then target 1.1561 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD price is 1.2071 USD. The price registered a decrease of -0.04% on the session and was traded between 1.2054 USD and 1.2087 USD over the period. The price is currently at +0.14% from its lowest and -0.13% from its highest.1.2054
1.2087
1.2071
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 9 are bullish, 5 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1561 | 1.1869 | 1.2059 | 1.2071 | 1.2137 | 1.2214 | 1.2285 |
| Change (%) | -4.23% | -1.67% | -0.10% | - | +0.55% | +1.18% | +1.77% |
| Change | -0.0510 | -0.0202 | -0.0012 | - | +0.0066 | +0.0143 | +0.0214 |
| Level | Major | Intermediate | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1957 | 1.2015 | 1.2046 | 1.2104 | 1.2135 | 1.2193 | 1.2224 |
| Camarilla | 1.2052 | 1.2060 | 1.2068 | 1.2076 | 1.2084 | 1.2092 | 1.2101 |
| Woodie | 1.1943 | 1.2008 | 1.2032 | 1.2097 | 1.2121 | 1.2186 | 1.2210 |
| Fibonacci | 1.2015 | 1.2049 | 1.2070 | 1.2104 | 1.2138 | 1.2159 | 1.2193 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1865 | 1.1969 | 1.2023 | 1.2127 | 1.2181 | 1.2285 | 1.2339 |
| Camarilla | 1.2033 | 1.2047 | 1.2062 | 1.2076 | 1.2091 | 1.2105 | 1.2119 |
| Woodie | 1.1839 | 1.1957 | 1.1997 | 1.2115 | 1.2155 | 1.2273 | 1.2313 |
| Fibonacci | 1.1969 | 1.2030 | 1.2067 | 1.2127 | 1.2188 | 1.2225 | 1.2285 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.64 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -6.3878 | |
| AROON (14): | -42.8572 | |
| DEMA (21): | 1.2062 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2055 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 1.2101 | |
| Zig ZAG (10): | 1.2071 | |
| VORTEX (21): | 0.9656 | |
| Stochastique (14,3,5): | 60.61 | |
| TEMA (21): | 1.2067 | |
| Williams %R (14): | -45.45 | |
| Chande Momentum Oscillator (20): | -0.0005 | |
| Repulse (5,40,3): | -0.0065 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0142 | |
| Courbe Coppock: | 0.12 |
| MA7: | 1.2150 | |
| MA20: | 1.2213 | |
| MA50: | 1.2074 | |
| MA100: | 1.1927 | |
| MAexp7: | 1.2071 | |
| MAexp20: | 1.2076 | |
| MAexp50: | 1.2098 | |
| MAexp100: | 1.2127 | |
| Price / MA7: | -0.65% | |
| Price / MA20: | -1.16% | |
| Price / MA50: | -0.02% | |
| Price / MA100: | +1.21% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.46% |
Quotes :
2021-01-18 17:36:51
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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 January 19, 2021 by FXEmpire
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EUR/USD Technical Analysis For January 18, 2021 By FX Empire
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EURUSD and S&P 500 Break Lower to End the Week, VIX Ready to Blow
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EUR/USD and GBP/USD Forecast January 18, 2021
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EUR/USD Technical Analysis for the Week of January 18, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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