EUR/USD - 1H - Technical analysis published on 10/18/2019 (GMT)
- Who voted?
- 156
- 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
61%
6%
33%
My opinion
Bullish above 1.1072 USD
My targets
1.1132 USD (0%)
1.1201 USD (+0.62%)
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 1.1072 USD. The buyers” bullish objective is set at 1.1132 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1201 USD. If there is any crossing, the next objective would be the resistance located at 1.1335 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, 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
7.9
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 1.1132 USD. On the day, this instrument gained +0.06% and was between 1.1114 USD and 1.1133 USD. This implies that the price is at +0.16% from its lowest and at -0.01% from its highest.1.1114
1.1133
1.1132
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
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 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1002 | 1.1034 | 1.1072 | 1.1132 | 1.1132 | 1.1201 | 1.1335 |
| Change (%) | -1.17% | -0.88% | -0.54% | 0% | - | +0.62% | +1.82% |
| Change | -0.0130 | -0.0098 | -0.0060 | 0 | - | +0.0069 | +0.0203 |
| Level | Intermediate | Minor | Major | Major | - | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1005 | 1.1035 | 1.1080 | 1.1110 | 1.1155 | 1.1185 | 1.1230 |
| Camarilla | 1.1104 | 1.1111 | 1.1118 | 1.1125 | 1.1132 | 1.1139 | 1.1146 |
| Woodie | 1.1013 | 1.1039 | 1.1088 | 1.1114 | 1.1163 | 1.1189 | 1.1238 |
| Fibonacci | 1.1035 | 1.1064 | 1.1081 | 1.1110 | 1.1139 | 1.1156 | 1.1185 |
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): | 61.85 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | 11.2273 | |
| AROON (14): | 21.4285 | |
| DEMA (21): | 1.1133 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1114 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 1.1101 | |
| Zig ZAG (10): | 1.1130 | |
| VORTEX (21): | 1.0867 | |
| Stochastique (14,3,5): | 83.82 | |
| TEMA (21): | 1.1129 | |
| Williams %R (14): | -5.26 | |
| Chande Momentum Oscillator (20): | 0.0007 | |
| Repulse (5,40,3): | 0.0936 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0134 | |
| Courbe Coppock: | 0.02 |
| MA7: | 1.1062 | |
| MA20: | 1.0996 | |
| MA50: | 1.1038 | |
| MA100: | 1.1140 | |
| MAexp7: | 1.1127 | |
| MAexp20: | 1.1121 | |
| MAexp50: | 1.1099 | |
| MAexp100: | 1.1073 | |
| Price / MA7: | +0.63% | |
| Price / MA20: | +1.24% | |
| Price / MA50: | +0.85% | |
| Price / MA100: | -0.07% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +0.53% |
News
The latest news and videos published on EUR/USD at the time of the analysis were as follows:
-
EURUSD Faces Its Own Trade War, Mind Your Brexit Risk and China 3Q GDP (Trading Video)
-
EUR/USD and GBP/USD Forecast October 18, 2019
-
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/JPY, NZD/USD
-
EUR/USD Technical Analysis for October 18, 2019 by FXEmpire
-
EURUSD Advances as Fed-ECB Converge, IMF Warns Over Financial Stability, Brexit Deal Ahead?
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