EUR/USD - 1H - Technical analysis published on 10/16/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.1038 USD
My targets
1.1072 USD (+0.24%)
1.1132 USD (+0.79%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/USD as long as the price remains well above 1.1038 USD. The buyers” bullish objective is set at 1.1072 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1132 USD. If there is any crossing, the next objective would be the resistance located at 1.1201 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.8
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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 rating is 1.1045 USD. The price registered an increase of +0.10% on the session and was between 1.1022 USD and 1.1060 USD. This implies that the price is at +0.21% from its lowest and at -0.14% from its highest.1.1022
1.1060
1.1045
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this EUR/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.0963 | 1.1001 | 1.1038 | 1.1045 | 1.1072 | 1.1132 | 1.1201 |
| Change (%) | -0.74% | -0.40% | -0.06% | - | +0.24% | +0.79% | +1.41% |
| Change | -0.0082 | -0.0044 | -0.0007 | - | +0.0027 | +0.0087 | +0.0156 |
| Level | Intermediate | Major | Minor | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0948 | 1.0969 | 1.1002 | 1.1023 | 1.1056 | 1.1077 | 1.1110 |
| Camarilla | 1.1019 | 1.1024 | 1.1029 | 1.1034 | 1.1039 | 1.1044 | 1.1049 |
| Woodie | 1.0953 | 1.0972 | 1.1007 | 1.1026 | 1.1061 | 1.1080 | 1.1115 |
| Fibonacci | 1.0969 | 1.0990 | 1.1003 | 1.1023 | 1.1044 | 1.1057 | 1.1077 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0840 | 1.0890 | 1.0962 | 1.1012 | 1.1084 | 1.1134 | 1.1206 |
| Camarilla | 1.0999 | 1.1011 | 1.1022 | 1.1033 | 1.1044 | 1.1055 | 1.1067 |
| Woodie | 1.0850 | 1.0896 | 1.0972 | 1.1018 | 1.1094 | 1.1140 | 1.1216 |
| Fibonacci | 1.0890 | 1.0937 | 1.0966 | 1.1012 | 1.1059 | 1.1088 | 1.1134 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0594 | 1.0740 | 1.0819 | 1.0965 | 1.1044 | 1.1190 | 1.1269 |
| Camarilla | 1.0837 | 1.0858 | 1.0878 | 1.0899 | 1.0920 | 1.0940 | 1.0961 |
| Woodie | 1.0562 | 1.0723 | 1.0787 | 1.0948 | 1.1012 | 1.1173 | 1.1237 |
| Fibonacci | 1.0740 | 1.0826 | 1.0879 | 1.0965 | 1.1051 | 1.1104 | 1.1190 |
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): | 55.25 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 13.9607 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 1.1037 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0968 | |
| Elder Ray (13): | 0.0008 | |
| Super Trend (3,10): | 1.1009 | |
| Zig ZAG (10): | 1.1042 | |
| VORTEX (21): | 1.1009 | |
| Stochastique (14,3,5): | 35.96 | |
| TEMA (21): | 1.1039 | |
| Williams %R (14): | -44.74 | |
| Chande Momentum Oscillator (20): | 0.0015 | |
| Repulse (5,40,3): | 0.0668 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0047 | |
| Courbe Coppock: | 0.07 |
| MA7: | 1.1014 | |
| MA20: | 1.0985 | |
| MA50: | 1.1040 | |
| MA100: | 1.1140 | |
| MAexp7: | 1.1037 | |
| MAexp20: | 1.1032 | |
| MAexp50: | 1.1028 | |
| MAexp100: | 1.1020 | |
| Price / MA7: | +0.28% | |
| Price / MA20: | +0.55% | |
| Price / MA50: | +0.05% | |
| Price / MA100: | -0.85% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.24% |
News
The last news published on EUR/USD at the time of the generation of this analysis was as follows:
-
EUR/USD and GBP/USD Forecast October 16, 2019
-
EUR/USD Technical Analysis for October 16, 2019 by FXEmpire
-
EUR/USD and GBP/USD Forecast October 15, 2019
-
EUR/USD Technical Analysis for October 15, 2019 by FXEmpire
-
EUR/USD and GBP/USD Forecast October 14, 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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