EUR/USD - 1H - Technical analysis published on 08/19/2019 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 1.1091 USD
My targets
1.1072 USD (-0.17%)
1.0577 USD (-4.63%)
My analysis
With a strongly bearish trend, the price of EUR/USD is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.1091 USD remains possible. It would be possible for traders to only trade short positions (for sale) on EUR/USD as long as the price remains well below 1.1091 USD. The next bearish objective for sellers is set at 1.1072 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0577 USD. In case of crossing, the next objective would be the support located at 1.0391 USD.
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD price is 1.1091 USD. The price has increased by +0.01% since the last closing and was traded between 1.1088 USD and 1.1102 USD over the period. The price is currently at +0.03% from its lowest and -0.10% from its highest.1.1088
1.1102
1.1091
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
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. 82.14% of the signals given by moving averages are bearish. Caution: this global trend is showing signs of running out of steam given the neutral signals of short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 6 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
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 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0391 | 1.0577 | 1.1072 | 1.1091 | 1.1091 | 1.1132 | 1.1182 |
| Change (%) | -6.31% | -4.63% | -0.17% | 0% | - | +0.37% | +0.82% |
| Change | -0.0700 | -0.0514 | -0.0019 | 0 | - | +0.0041 | +0.0091 |
| Level | Major | Minor | Major | Minor | - | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1022 | 1.1044 | 1.1067 | 1.1089 | 1.1112 | 1.1134 | 1.1157 |
| Camarilla | 1.1078 | 1.1082 | 1.1086 | 1.1090 | 1.1094 | 1.1098 | 1.1102 |
| Woodie | 1.1023 | 1.1044 | 1.1068 | 1.1089 | 1.1113 | 1.1134 | 1.1158 |
| Fibonacci | 1.1044 | 1.1061 | 1.1072 | 1.1089 | 1.1106 | 1.1117 | 1.1134 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0862 | 1.0964 | 1.1027 | 1.1129 | 1.1192 | 1.1294 | 1.1357 |
| Camarilla | 1.1045 | 1.1060 | 1.1075 | 1.1090 | 1.1105 | 1.1120 | 1.1135 |
| Woodie | 1.0843 | 1.0954 | 1.1008 | 1.1119 | 1.1173 | 1.1284 | 1.1338 |
| Fibonacci | 1.0964 | 1.1027 | 1.1066 | 1.1129 | 1.1192 | 1.1231 | 1.1294 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.97 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | 3.1075 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 1.1088 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1077 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 1.1068 | |
| Zig ZAG (10): | 1.1091 | |
| VORTEX (21): | 1.0439 | |
| Stochastique (14,3,5): | 44.44 | |
| TEMA (21): | 1.1092 | |
| Williams %R (14): | -63.16 | |
| Chande Momentum Oscillator (20): | -0.0006 | |
| Repulse (5,40,3): | -0.0094 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0059 | |
| Courbe Coppock: | 0.07 |
| MA7: | 1.1147 | |
| MA20: | 1.1149 | |
| MA50: | 1.1225 | |
| MA100: | 1.1221 | |
| MAexp7: | 1.1092 | |
| MAexp20: | 1.1093 | |
| MAexp50: | 1.1107 | |
| MAexp100: | 1.1130 | |
| Price / MA7: | -0.50% | |
| Price / MA20: | -0.52% | |
| Price / MA50: | -1.19% | |
| Price / MA100: | -1.16% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.35% |
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 August 19, 2019 by FXEmpire
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EUR/USD and GBP/USD Forecast August 16, 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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