EUR/USD - 1H - Technical analysis published on 06/23/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.1307 USD
My targets
1.1428 USD (+0.47%)
1.1561 USD (+1.64%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/USD as long as the price remains well above 1.1307 USD. The buyers” bullish objective is set at 1.1428 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1561 USD. If there is any crossing, the next objective would be the resistance located at 1.1781 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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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 1.1375 USD. The price has increased by +0.05% since the last closing and was between 1.1365 USD and 1.1375 USD. This implies that the price is at +0.09% from its lowest and at 0% from its highest.1.1365
1.1375
1.1375
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/USD chart shows a strongly bullish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 2
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 1.1247 | 1.1283 | 1.1307 | 1.1375 | 1.1428 | 1.1561 | 1.1781 |
| Change (%) | -1.13% | -0.81% | -0.60% | - | +0.47% | +1.64% | +3.57% |
| Change | -0.0128 | -0.0092 | -0.0068 | - | +0.0053 | +0.0186 | +0.0406 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1532 | 1.1583 | 1.1617 | 1.1668 | 1.1702 | 1.1753 | 1.1787 |
| Camarilla | 1.1627 | 1.1634 | 1.1642 | 1.1650 | 1.1658 | 1.1666 | 1.1673 |
| Woodie | 1.1523 | 1.1579 | 1.1608 | 1.1664 | 1.1693 | 1.1749 | 1.1777 |
| Fibonacci | 1.1583 | 1.1616 | 1.1636 | 1.1668 | 1.1701 | 1.1721 | 1.1753 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3304 | 1.3335 | 1.3382 | 1.3413 | 1.3460 | 1.3491 | 1.3538 |
| Camarilla | 1.3407 | 1.3414 | 1.3421 | 1.3428 | 1.3435 | 1.3442 | 1.3449 |
| Woodie | 1.3311 | 1.3339 | 1.3389 | 1.3417 | 1.3467 | 1.3495 | 1.3545 |
| Fibonacci | 1.3335 | 1.3365 | 1.3384 | 1.3413 | 1.3443 | 1.3462 | 1.3491 |
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): | 76.82 | |
| MACD (12,26,9): | 0.0023 | |
| Directional Movement: | 24.6545 | |
| AROON (14): | 85.7142 | |
| DEMA (21): | 1.1354 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1317 | |
| Elder Ray (13): | 0.0030 | |
| Super Trend (3,10): | 1.1320 | |
| Zig ZAG (10): | 1.1369 | |
| VORTEX (21): | 1.1737 | |
| Stochastique (14,3,5): | 95.26 | |
| TEMA (21): | 1.1363 | |
| Williams %R (14): | -8.49 | |
| Chande Momentum Oscillator (20): | 0.0066 | |
| Repulse (5,40,3): | 0.1736 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0183 | |
| Courbe Coppock: | 0.98 |
| MA7: | 1.1311 | |
| MA20: | 1.1253 | |
| MA50: | 1.1222 | |
| MA100: | 1.1263 | |
| MAexp7: | 1.1355 | |
| MAexp20: | 1.1341 | |
| MAexp50: | 1.1307 | |
| MAexp100: | 1.1281 | |
| Price / MA7: | +0.57% | |
| Price / MA20: | +1.08% | |
| Price / MA50: | +1.36% | |
| Price / MA100: | +0.99% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.30% | |
| Price / MAexp50: | +0.60% | |
| Price / MAexp100: | +0.83% |
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:
-
EUR/USD and GBP/USD Forecast June 24, 2019
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EUR/USD Technical Analysis for June 24, 2019 by FXEmpire
-
EUR/USD Technical Analysis for the week of June 24, 2019 by FXEmpire
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EUR/USD and GBP/USD Forecast June 21, 2019
-
FX Price Action Setups in EUR/USD, GBP/USD, USD/JPY and USD/CAD
This member declared not having a position on this financial instrument or a related financial instrument.
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