EUR/USD - 1H - Technical analysis published on 08/27/2019 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.1107 USD
My targets
1.1132 USD (+0.16%)
1.1164 USD (+0.45%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/USD. As long as you are above the support located at 1.1107 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.1132 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.1164 USD as an objective. Crossing it would then enable buyers to target 1.1200 USD. If the support 1.1107 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
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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 rating is 1.1114 USD. On the day, this instrument gained +0.12% and was between 1.1097 USD and 1.1116 USD. This implies that the price is at +0.15% from its lowest and at -0.02% from its highest.1.1097
1.1116
1.1114
Here is a more detailed summary of the historical variations registered by EUR/USD:
Technical
Technical analysis of EUR/USD in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
Horizontal resistance is broken
Type : Bullish
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 | 1.1072 | 1.1088 | 1.1107 | 1.1114 | 1.1132 | 1.1164 | 1.1200 |
Change (%) | -0.38% | -0.23% | -0.06% | - | +0.16% | +0.45% | +0.77% |
Change | -0.0042 | -0.0026 | -0.0007 | - | +0.0018 | +0.0050 | +0.0086 |
Level | Intermediate | Intermediate | Major | - | Major | Minor | Major |
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 | 1.1005 | 1.1050 | 1.1075 | 1.1120 | 1.1145 | 1.1190 | 1.1215 |
Camarilla | 1.1082 | 1.1088 | 1.1095 | 1.1101 | 1.1107 | 1.1114 | 1.1120 |
Woodie | 1.0996 | 1.1045 | 1.1066 | 1.1115 | 1.1136 | 1.1185 | 1.1206 |
Fibonacci | 1.1050 | 1.1076 | 1.1093 | 1.1120 | 1.1146 | 1.1163 | 1.1190 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0978 | 1.1015 | 1.1079 | 1.1116 | 1.1180 | 1.1217 | 1.1281 |
Camarilla | 1.1115 | 1.1125 | 1.1134 | 1.1143 | 1.1152 | 1.1162 | 1.1171 |
Woodie | 1.0992 | 1.1022 | 1.1093 | 1.1123 | 1.1194 | 1.1224 | 1.1295 |
Fibonacci | 1.1015 | 1.1054 | 1.1077 | 1.1116 | 1.1155 | 1.1178 | 1.1217 |
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): | 52.66 | |
MACD (12,26,9): | -0.0002 | |
Directional Movement: | 3.8795 | |
AROON (14): | 85.7142 | |
DEMA (21): | 1.1105 | |
Parabolic SAR (0,02-0,02-0,2): | 1.1097 | |
Elder Ray (13): | 0.0006 | |
Super Trend (3,10): | 1.1123 | |
Zig ZAG (10): | 1.1110 | |
VORTEX (21): | 1.0189 | |
Stochastique (14,3,5): | 76.84 | |
TEMA (21): | 1.1103 | |
Williams %R (14): | -22.73 | |
Chande Momentum Oscillator (20): | 0.0011 | |
Repulse (5,40,3): | 0.0367 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0053 | |
Courbe Coppock: | 0.05 |
MA7: | 1.1101 | |
MA20: | 1.1137 | |
MA50: | 1.1207 | |
MA100: | 1.1213 | |
MAexp7: | 1.1108 | |
MAexp20: | 1.1108 | |
MAexp50: | 1.1108 | |
MAexp100: | 1.1106 | |
Price / MA7: | +0.12% | |
Price / MA20: | -0.21% | |
Price / MA50: | -0.83% | |
Price / MA100: | -0.88% | |
Price / MAexp7: | +0.05% | |
Price / MAexp20: | +0.05% | |
Price / MAexp50: | +0.05% | |
Price / MAexp100: | +0.07% |
News
The latest news and videos published on EUR/USD at the time of the analysis were as follows:
- EUR/USD and GBP/USD Forecast August 27, 2019
- EUR/USD Technical Analysis for August 27, 2019 by FXEmpire
- EUR/USD and GBP/USD Forecast August 26, 2019
- EUR/USD Technical Analysis for August 26, 2019 by FXEmpire
- EUR/USD Technical Analysis for the week of August 26, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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