EUR/USD - 1H - Technical analysis published on 10/16/2019 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.1072 USD
My targets
1.1132 USD (+0.44%)
1.1201 USD (+1.06%)
My analysis
EUR/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.1072 USD. The next resistance located at 1.1132 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.1201 USD. After this resistance, buyers could then target 1.1335 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.9
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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 1.1083 USD. The price has increased by +0.44% since the last closing with the lowest point at 1.1022 USD and the highest point at 1.1085 USD. The deviation from the price is +0.55% for the low point and -0.02% for the high point.1.1022
1.1085
1.1083
Here is a more detailed summary of the historical variations registered by EUR/USD:
Technical
Technical analysis of EUR/USD in 1H shows a strongly overall 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 market scanner currently does not detect any result that concerns moving averages.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.1001 | 1.1038 | 1.1072 | 1.1083 | 1.1132 | 1.1201 | 1.1335 |
| Change (%) | -0.74% | -0.41% | -0.10% | - | +0.44% | +1.06% | +2.27% |
| Change | -0.0082 | -0.0045 | -0.0011 | - | +0.0049 | +0.0118 | +0.0252 |
| Level | Major | Minor | Intermediate | - | Intermediate | Major | Minor |
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 | 1.0948 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 68.35 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 24.3662 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.1054 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0982 | |
| Elder Ray (13): | 0.0030 | |
| Super Trend (3,10): | 1.1029 | |
| Zig ZAG (10): | 1.1081 | |
| VORTEX (21): | 1.1641 | |
| Stochastique (14,3,5): | 89.62 | |
| TEMA (21): | 1.1062 | |
| Williams %R (14): | -6.45 | |
| Chande Momentum Oscillator (20): | 0.0051 | |
| Repulse (5,40,3): | 0.3527 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0075 | |
| Courbe Coppock: | 0.42 |
| MA7: | 1.1019 | |
| MA20: | 1.0987 | |
| MA50: | 1.1041 | |
| MA100: | 1.1141 | |
| MAexp7: | 1.1058 | |
| MAexp20: | 1.1043 | |
| MAexp50: | 1.1033 | |
| MAexp100: | 1.1023 | |
| Price / MA7: | +0.58% | |
| Price / MA20: | +0.87% | |
| Price / MA50: | +0.38% | |
| Price / MA100: | -0.52% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +0.36% | |
| Price / MAexp50: | +0.45% | |
| Price / MAexp100: | +0.54% |
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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