EUR/USD - 1H - Technical analysis published on 10/17/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.1086 USD
My targets
1.1132 USD (+0.15%)
1.1201 USD (+0.77%)
My analysis
The bullish trend is currently very strong on EUR/USD. As long as the price remains above the support at 1.1086 USD, you could try to benefit from the boom. The first bullish objective is located at 1.1132 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.1201 USD as an objective. Crossing it would then enable buyers to target 1.1335 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.8
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Additional analysis
Quotes
The EUR/USD price is 1.1115 USD. On the day, this instrument gained +0.37% with the lowest point at 1.1065 USD and the highest point at 1.1140 USD. The deviation from the price is +0.45% for the low point and -0.22% for the high point.1.1065
1.1140
1.1115
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
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 | 1.1001 | 1.1072 | 1.1086 | 1.1115 | 1.1132 | 1.1201 | 1.1335 |
| Change (%) | -1.03% | -0.39% | -0.26% | - | +0.15% | +0.77% | +1.98% |
| Change | -0.0114 | -0.0043 | -0.0029 | - | +0.0017 | +0.0086 | +0.0220 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0971 | 1.0997 | 1.1035 | 1.1061 | 1.1099 | 1.1125 | 1.1163 |
| Camarilla | 1.1056 | 1.1062 | 1.1068 | 1.1074 | 1.1080 | 1.1086 | 1.1092 |
| Woodie | 1.0978 | 1.1000 | 1.1042 | 1.1064 | 1.1106 | 1.1128 | 1.1170 |
| Fibonacci | 1.0997 | 1.1021 | 1.1036 | 1.1061 | 1.1085 | 1.1100 | 1.1125 |
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): | 71.16 | |
| MACD (12,26,9): | 0.0015 | |
| Directional Movement: | 31.0358 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 1.1101 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1082 | |
| Elder Ray (13): | 0.0025 | |
| Super Trend (3,10): | 1.1072 | |
| Zig ZAG (10): | 1.1114 | |
| VORTEX (21): | 1.2519 | |
| Stochastique (14,3,5): | 67.11 | |
| TEMA (21): | 1.1107 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | 0.0035 | |
| Repulse (5,40,3): | 0.0179 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0160 | |
| Courbe Coppock: | 0.40 |
| MA7: | 1.1039 | |
| MA20: | 1.0990 | |
| MA50: | 1.1040 | |
| MA100: | 1.1140 | |
| MAexp7: | 1.1098 | |
| MAexp20: | 1.1081 | |
| MAexp50: | 1.1060 | |
| MAexp100: | 1.1042 | |
| Price / MA7: | +0.69% | |
| Price / MA20: | +1.14% | |
| Price / MA50: | +0.68% | |
| Price / MA100: | -0.22% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.31% | |
| Price / MAexp50: | +0.50% | |
| Price / MAexp100: | +0.66% |
News
Don"t forget to follow the news on EUR/USD. At the time of publication of this analysis, the latest news was as follows:
-
EURUSD Advances as Fed-ECB Converge, IMF Warns Over Financial Stability, Brexit Deal Ahead?
-
EUR/USD Technical Analysis for October 17, 2019 by FXEmpire
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
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