EUR/USD - 1H - Technical analysis published on 08/16/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 1.1114 USD
My targets
1.1072 USD (-0.28%)
1.0577 USD (-4.74%)
My analysis
The bearish trend is currently very strong for EUR/USD. As long as the price remains below the resistance at 1.1114 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.1072 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.0577 USD as an objective. Crossing it would then enable sellers to target 1.0391 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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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.1103 USD. On the day, this instrument lost -0.07% and was between 1.1099 USD and 1.1111 USD. This implies that the price is at +0.04% from its lowest and at -0.07% from its highest.1.1099
1.1111
1.1103
The Central Gaps scanner detects a bullish 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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a bearish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
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:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
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 | 1.0391 | 1.0577 | 1.1072 | 1.1103 | 1.1114 | 1.1132 | 1.1167 |
| Change (%) | -6.41% | -4.74% | -0.28% | - | +0.10% | +0.26% | +0.58% |
| Change | -0.0712 | -0.0526 | -0.0031 | - | +0.0011 | +0.0029 | +0.0064 |
| Level | Major | Minor | Minor | - | 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 | 1.1014 | 1.1052 | 1.1082 | 1.1120 | 1.1150 | 1.1188 | 1.1218 |
| Camarilla | 1.1092 | 1.1099 | 1.1105 | 1.1111 | 1.1117 | 1.1124 | 1.1130 |
| Woodie | 1.1009 | 1.1050 | 1.1077 | 1.1118 | 1.1145 | 1.1186 | 1.1213 |
| Fibonacci | 1.1052 | 1.1078 | 1.1094 | 1.1120 | 1.1146 | 1.1162 | 1.1188 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0971 | 1.1037 | 1.1118 | 1.1184 | 1.1265 | 1.1331 | 1.1412 |
| Camarilla | 1.1159 | 1.1172 | 1.1186 | 1.1199 | 1.1213 | 1.1226 | 1.1239 |
| Woodie | 1.0979 | 1.1041 | 1.1126 | 1.1188 | 1.1273 | 1.1335 | 1.1420 |
| Fibonacci | 1.1037 | 1.1093 | 1.1128 | 1.1184 | 1.1240 | 1.1275 | 1.1331 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0653 | 1.0857 | 1.0964 | 1.1168 | 1.1275 | 1.1479 | 1.1586 |
| Camarilla | 1.0987 | 1.1015 | 1.1044 | 1.1072 | 1.1101 | 1.1129 | 1.1158 |
| Woodie | 1.0606 | 1.0833 | 1.0917 | 1.1144 | 1.1228 | 1.1455 | 1.1539 |
| Fibonacci | 1.0857 | 1.0976 | 1.1049 | 1.1168 | 1.1287 | 1.1360 | 1.1479 |
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): | 32.79 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | -17.7436 | |
| AROON (14): | -21.4285 | |
| DEMA (21): | 1.1104 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1127 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 1.1141 | |
| Zig ZAG (10): | 1.1102 | |
| VORTEX (21): | 0.8509 | |
| Stochastique (14,3,5): | 25.00 | |
| TEMA (21): | 1.1101 | |
| Williams %R (14): | -83.82 | |
| Chande Momentum Oscillator (20): | -0.0040 | |
| Repulse (5,40,3): | -0.0776 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0153 | |
| Courbe Coppock: | 0.69 |
| MA7: | 1.1162 | |
| MA20: | 1.1156 | |
| MA50: | 1.1230 | |
| MA100: | 1.1222 | |
| MAexp7: | 1.1108 | |
| MAexp20: | 1.1120 | |
| MAexp50: | 1.1141 | |
| MAexp100: | 1.1159 | |
| Price / MA7: | -0.53% | |
| Price / MA20: | -0.48% | |
| Price / MA50: | -1.13% | |
| Price / MA100: | -1.06% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.34% | |
| Price / MAexp100: | -0.50% |
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 August 16, 2019
-
EUR/USD Technical Analysis for August 16, 2019 by FXEmpire
-
EUR/USD and GBP/USD Forecast August 15, 2019
-
EUR/USD Technical Analysis for August 15, 2019 by FXEmpire
-
EUR/USD and GBP/USD Forecast August 14, 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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