EUR/USD - Daily - Technical analysis published on 09/13/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
56%
17%
28%
My opinion
Bearish under 1.1072 USD
My targets
1.0965 USD (-0.96%)
1.0581 USD (-4.43%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.1072 USD remains possible. It is advisable to trade EUR/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.1072 USD. The next bearish objective for sellers is set at 1.0965 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0581 USD. In case of crossing, the next objective would be the support located at 1.0391 USD. PS: if there is a bullish break in the resistance located at 1.1072 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
FORCE
0
10
2
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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 1.1071 USD. On the day, this instrument gained +0.14% and was traded between 1.1056 USD and 1.1110 USD over the period. The price is currently at +0.14% from its lowest and -0.35% from its highest.1.1056
1.1110
1.1071
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of EUR/USD in Daily shows an overall bearish trend. 75% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
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 | 1.0391 | 1.0581 | 1.0965 | 1.1071 | 1.1072 | 1.1201 | 1.1309 |
| Change (%) | -6.14% | -4.43% | -0.96% | - | +0.01% | +1.17% | +2.15% |
| Change | -0.0680 | -0.0490 | -0.0106 | - | +0.0001 | +0.0130 | +0.0238 |
| Level | Major | Minor | Intermediate | - | Intermediate | 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 | 1.0800 | 1.0863 | 1.0960 | 1.1023 | 1.1120 | 1.1183 | 1.1280 |
| Camarilla | 1.1012 | 1.1027 | 1.1041 | 1.1056 | 1.1071 | 1.1085 | 1.1100 |
| Woodie | 1.0816 | 1.0872 | 1.0976 | 1.1032 | 1.1136 | 1.1192 | 1.1296 |
| Fibonacci | 1.0863 | 1.0925 | 1.0962 | 1.1023 | 1.1085 | 1.1122 | 1.1183 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0782 | 1.0854 | 1.0941 | 1.1013 | 1.1100 | 1.1172 | 1.1259 |
| Camarilla | 1.0984 | 1.0999 | 1.1013 | 1.1028 | 1.1043 | 1.1057 | 1.1072 |
| Woodie | 1.0790 | 1.0858 | 1.0949 | 1.1017 | 1.1108 | 1.1176 | 1.1267 |
| Fibonacci | 1.0854 | 1.0915 | 1.0952 | 1.1013 | 1.1074 | 1.1111 | 1.1172 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0599 | 1.0781 | 1.0886 | 1.1068 | 1.1173 | 1.1355 | 1.1460 |
| Camarilla | 1.0912 | 1.0938 | 1.0965 | 1.0991 | 1.1017 | 1.1044 | 1.1070 |
| Woodie | 1.0561 | 1.0762 | 1.0848 | 1.1049 | 1.1135 | 1.1336 | 1.1422 |
| Fibonacci | 1.0781 | 1.0891 | 1.0958 | 1.1068 | 1.1178 | 1.1245 | 1.1355 |
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): | 48.78 | |
| MACD (12,26,9): | -0.0027 | |
| Directional Movement: | -9.9506 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.1021 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0927 | |
| Elder Ray (13): | 0.0034 | |
| Super Trend (3,10): | 1.1119 | |
| Zig ZAG (10): | 1.1070 | |
| VORTEX (21): | 0.9711 | |
| Stochastique (14,3,5): | 55.80 | |
| TEMA (21): | 1.1025 | |
| Williams %R (14): | -23.68 | |
| Chande Momentum Oscillator (20): | -0.0015 | |
| Repulse (5,40,3): | 0.4260 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0471 | |
| Courbe Coppock: | 1.01 |
| MA7: | 1.1043 | |
| MA20: | 1.1055 | |
| MA50: | 1.1131 | |
| MA100: | 1.1186 | |
| MAexp7: | 1.1045 | |
| MAexp20: | 1.1062 | |
| MAexp50: | 1.1118 | |
| MAexp100: | 1.1175 | |
| Price / MA7: | +0.25% | |
| Price / MA20: | +0.14% | |
| Price / MA50: | -0.54% | |
| Price / MA100: | -1.03% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | -0.42% | |
| Price / MAexp100: | -0.93% |
News
The last news published on EUR/USD at the time of the generation of this analysis was as follows:
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An Extreme EURUSD Response to ECB but a Reversal Before US Sentiment, Fed? (Trading Video)
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EUR/USD and GBP/USD Forecast September 13, 2019
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EUR/USD Technical Analysis for September 13, 2019 by FXEmpire
-
EUR/USD and GBP/USD Forecast September 12, 2019
-
EUR/USD Technical Analysis for September 12, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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