EUR/USD - 1H - Technical analysis published on 09/16/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 1.1015 USD
My targets
1.0985 USD (-0.22%)
1.0965 USD (-0.40%)
My analysis
The bearish trend is currently very strong for EUR/USD. As long as the price remains below the resistance at 1.1015 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.0985 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.0965 USD as an objective. Crossing it would then enable sellers to target 1.0927 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.9
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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 price is 1.1009 USD. On the day, this instrument lost -0.59% and was traded between 1.0993 USD and 1.1086 USD over the period. The price is currently at +0.15% from its lowest and -0.69% from its highest.1.0993
1.1086
1.1009
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/USD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
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. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel 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 | 1.0927 | 1.0965 | 1.0985 | 1.1009 | 1.1015 | 1.1072 | 1.1086 |
| Change (%) | -0.74% | -0.40% | -0.22% | - | +0.05% | +0.57% | +0.70% |
| Change | -0.0082 | -0.0044 | -0.0024 | - | +0.0006 | +0.0063 | +0.0077 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | 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 | 1.1579 | 1.1615 | 1.1644 | 1.1680 | 1.1709 | 1.1745 | 1.1774 |
| Camarilla | 1.1656 | 1.1662 | 1.1668 | 1.1674 | 1.1680 | 1.1686 | 1.1692 |
| Woodie | 1.1577 | 1.1613 | 1.1642 | 1.1678 | 1.1707 | 1.1743 | 1.1772 |
| Fibonacci | 1.1615 | 1.1640 | 1.1655 | 1.1680 | 1.1705 | 1.1720 | 1.1745 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2350 | 1.2482 | 1.2576 | 1.2708 | 1.2802 | 1.2934 | 1.3028 |
| Camarilla | 1.2608 | 1.2629 | 1.2649 | 1.2670 | 1.2691 | 1.2711 | 1.2732 |
| Woodie | 1.2331 | 1.2473 | 1.2557 | 1.2699 | 1.2783 | 1.2925 | 1.3009 |
| Fibonacci | 1.2482 | 1.2568 | 1.2622 | 1.2708 | 1.2794 | 1.2848 | 1.2934 |
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): | 36.47 | |
| MACD (12,26,9): | -0.0017 | |
| Directional Movement: | -19.9177 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 1.1022 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1038 | |
| Elder Ray (13): | -0.0030 | |
| Super Trend (3,10): | 1.1038 | |
| Zig ZAG (10): | 1.1005 | |
| VORTEX (21): | 0.7580 | |
| Stochastique (14,3,5): | 18.95 | |
| TEMA (21): | 1.1005 | |
| Williams %R (14): | -81.05 | |
| Chande Momentum Oscillator (20): | -0.0063 | |
| Repulse (5,40,3): | -0.1654 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0139 | |
| Courbe Coppock: | 1.04 |
| MA7: | 1.1132 | |
| MA20: | 1.1080 | |
| MA50: | 1.1137 | |
| MA100: | 1.1189 | |
| MAexp7: | 1.1018 | |
| MAexp20: | 1.1041 | |
| MAexp50: | 1.1051 | |
| MAexp100: | 1.1048 | |
| Price / MA7: | -1.10% | |
| Price / MA20: | -0.64% | |
| Price / MA50: | -1.15% | |
| Price / MA100: | -1.61% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.29% | |
| Price / MAexp50: | -0.38% | |
| Price / MAexp100: | -0.35% |
News
The last news published on EUR/USD at the time of the generation of this analysis was as follows:
-
EUR/USD Technical Analysis for September 16, 2019 by FXEmpire
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
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