EUR/USD - 1H - Technical analysis published on 07/03/2019 (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
28%
61%
11%
My opinion
Bearish under 1.1312 USD
My targets
1.1265 USD (-0.16%)
1.1198 USD (-0.75%)
My analysis
The bearish trend is currently very strong for EUR/USD. As long as the price remains below the resistance at 1.1312 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.1265 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.1198 USD as an objective. Crossing it would then enable sellers to target 1.1131 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
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Additional analysis
Quotes
The EUR/USD price is 1.1283 USD. On the day, this instrument lost -0.07% and was between 1.1268 USD and 1.1295 USD. This implies that the price is at +0.13% from its lowest and at -0.11% from its highest.1.1268
1.1295
1.1283
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of EUR/USD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
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 | 1.1131 | 1.1198 | 1.1265 | 1.1283 | 1.1312 | 1.1345 | 1.1393 |
| Change (%) | -1.35% | -0.75% | -0.16% | - | +0.26% | +0.55% | +0.97% |
| Change | -0.0152 | -0.0085 | -0.0018 | - | +0.0029 | +0.0062 | +0.0110 |
| Level | Major | Major | Intermediate | - | Minor | Major | Intermediate |
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 | 1.1224 | 1.1250 | 1.1270 | 1.1296 | 1.1316 | 1.1342 | 1.1362 |
| Camarilla | 1.1278 | 1.1283 | 1.1287 | 1.1291 | 1.1295 | 1.1299 | 1.1304 |
| Woodie | 1.1222 | 1.1249 | 1.1268 | 1.1294 | 1.1314 | 1.1341 | 1.1360 |
| Fibonacci | 1.1250 | 1.1267 | 1.1278 | 1.1296 | 1.1313 | 1.1324 | 1.1342 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1273 | 1.1308 | 1.1341 | 1.1376 | 1.1409 | 1.1444 | 1.1477 |
| Camarilla | 1.1354 | 1.1361 | 1.1367 | 1.1373 | 1.1379 | 1.1385 | 1.1392 |
| Woodie | 1.1271 | 1.1307 | 1.1339 | 1.1375 | 1.1407 | 1.1444 | 1.1475 |
| Fibonacci | 1.1308 | 1.1334 | 1.1350 | 1.1376 | 1.1402 | 1.1418 | 1.1444 |
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): | 40.01 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -11.8611 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 1.1283 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1309 | |
| Elder Ray (13): | -0.0008 | |
| Super Trend (3,10): | 1.1305 | |
| Zig ZAG (10): | 1.1282 | |
| VORTEX (21): | 0.9045 | |
| Stochastique (14,3,5): | 31.94 | |
| TEMA (21): | 1.1285 | |
| Williams %R (14): | -51.72 | |
| Chande Momentum Oscillator (20): | -0.0003 | |
| Repulse (5,40,3): | 0.0383 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0048 | |
| Courbe Coppock: | 0.18 |
| MA7: | 1.1335 | |
| MA20: | 1.1305 | |
| MA50: | 1.1235 | |
| MA100: | 1.1263 | |
| MAexp7: | 1.1285 | |
| MAexp20: | 1.1289 | |
| MAexp50: | 1.1302 | |
| MAexp100: | 1.1319 | |
| Price / MA7: | -0.46% | |
| Price / MA20: | -0.19% | |
| Price / MA50: | +0.43% | |
| Price / MA100: | +0.18% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -0.32% |
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 July 3, 2019
-
EUR/USD Technical Analysis for July 03, 2019 by FXEmpire
-
EUR/USD and GBP/USD Forecast July 2, 2019
-
EUR/USD Technical Analysis for July 02, 2019 by FXEmpire
-
Stocks surge a US-China agree to hold off on additional tariffs, EURUSD slides
This member declared not having a position on this financial instrument or a related financial instrument.
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