EUR/USD - 1H - Technical analysis published on 10/17/2019 (GMT)
- Who voted?
- 108
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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
78%
0%
22%
My opinion
Bullish above 1.1086 USD
My targets
1.1132 USD (+0.04%)
1.1201 USD (+0.67%)
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 1.1086 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.6
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 1.1127 USD. On the day, this instrument gained +0.48% and was between 1.1065 USD and 1.1140 USD. This implies that the price is at +0.56% from its lowest and at -0.12% from its highest.1.1065
1.1140
1.1127
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
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 : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1001 | 1.1072 | 1.1086 | 1.1127 | 1.1132 | 1.1201 | 1.1335 |
| Change (%) | -1.13% | -0.49% | -0.37% | - | +0.04% | +0.67% | +1.87% |
| Change | -0.0126 | -0.0055 | -0.0041 | - | +0.0005 | +0.0074 | +0.0208 |
| Level | Major | Intermediate | 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 | 1.0971 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 69.69 | |
| MACD (12,26,9): | 0.0018 | |
| Directional Movement: | 19.0994 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 1.1124 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1111 | |
| Elder Ray (13): | 0.0014 | |
| Super Trend (3,10): | 1.1080 | |
| Zig ZAG (10): | 1.1126 | |
| VORTEX (21): | 1.1763 | |
| Stochastique (14,3,5): | 82.67 | |
| TEMA (21): | 1.1130 | |
| Williams %R (14): | -18.67 | |
| Chande Momentum Oscillator (20): | 0.0056 | |
| Repulse (5,40,3): | 0.1014 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0213 | |
| Courbe Coppock: | 0.84 |
| MA7: | 1.1041 | |
| MA20: | 1.0990 | |
| MA50: | 1.1040 | |
| MA100: | 1.1140 | |
| MAexp7: | 1.1120 | |
| MAexp20: | 1.1100 | |
| MAexp50: | 1.1074 | |
| MAexp100: | 1.1051 | |
| Price / MA7: | +0.78% | |
| Price / MA20: | +1.25% | |
| Price / MA50: | +0.79% | |
| Price / MA100: | -0.12% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | +0.48% | |
| Price / MAexp100: | +0.69% |
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:
-
EUR/USD Technical Analysis for October 18, 2019 by FXEmpire
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/USD - 1H