EUR/USD - Daily - Technical analysis published on 09/15/2019 (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
67%
6%
28%
My opinion
Bearish under 1.1201 USD
My targets
1.1072 USD (-0.12%)
1.0965 USD (-1.08%)
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 1.1201 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 1.1201 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 1.0965 USD. In case of crossing, the next objective would be the support located at 1.0581 USD. PS: if there is a bullish break in the resistance located at 1.1201 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, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
0.5
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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 1.1085 USD. The price has increased by +0.10% since the last closing and was traded between 1.1070 USD and 1.1086 USD over the period. The price is currently at +0.14% from its lowest and -0.01% from its highest.1.1070
1.1086
1.1085
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/USD:
Technical
Technical analysis of EUR/USD in Daily shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, 12 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 | 1.0581 | 1.0965 | 1.1072 | 1.1085 | 1.1201 | 1.1309 | 1.1428 |
| Change (%) | -4.55% | -1.08% | -0.12% | - | +1.05% | +2.02% | +3.09% |
| Change | -0.0504 | -0.0120 | -0.0013 | - | +0.0116 | +0.0224 | +0.0343 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0996 | 1.1026 | 1.1050 | 1.1080 | 1.1104 | 1.1134 | 1.1158 |
| Camarilla | 1.1059 | 1.1064 | 1.1069 | 1.1074 | 1.1079 | 1.1084 | 1.1089 |
| Woodie | 1.0993 | 1.1025 | 1.1047 | 1.1079 | 1.1101 | 1.1133 | 1.1155 |
| Fibonacci | 1.1026 | 1.1047 | 1.1059 | 1.1080 | 1.1101 | 1.1113 | 1.1134 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0781 | 1.0854 | 1.0964 | 1.1037 | 1.1147 | 1.1220 | 1.1330 |
| Camarilla | 1.1024 | 1.1041 | 1.1057 | 1.1074 | 1.1091 | 1.1108 | 1.1124 |
| Woodie | 1.0800 | 1.0863 | 1.0983 | 1.1046 | 1.1166 | 1.1229 | 1.1349 |
| Fibonacci | 1.0854 | 1.0924 | 1.0967 | 1.1037 | 1.1107 | 1.1150 | 1.1220 |
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): | 51.02 | |
| MACD (12,26,9): | -0.0022 | |
| Directional Movement: | -9.7570 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 1.1029 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0927 | |
| Elder Ray (13): | 0.0024 | |
| Super Trend (3,10): | 1.1119 | |
| Zig ZAG (10): | 1.1084 | |
| VORTEX (21): | 1.0034 | |
| Stochastique (14,3,5): | 72.98 | |
| TEMA (21): | 1.1038 | |
| Williams %R (14): | -13.59 | |
| Chande Momentum Oscillator (20): | 0.0026 | |
| Repulse (5,40,3): | 0.4524 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0441 | |
| Courbe Coppock: | 0.62 |
| MA7: | 1.1050 | |
| MA20: | 1.1055 | |
| MA50: | 1.1129 | |
| MA100: | 1.1185 | |
| MAexp7: | 1.1056 | |
| MAexp20: | 1.1064 | |
| MAexp50: | 1.1117 | |
| MAexp100: | 1.1173 | |
| Price / MA7: | +0.32% | |
| Price / MA20: | +0.27% | |
| Price / MA50: | -0.40% | |
| Price / MA100: | -0.89% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -0.79% |
News
The latest news and videos published on EUR/USD at the time of the analysis were as follows:
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An Extreme EURUSD Response to ECB but a Reversal Before US Sentiment, Fed? (Trading Video)
-
EUR/USD and GBP/USD Forecast September 13, 2019
-
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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