EUR/USD - 1H - Technical analysis published on 10/21/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 1.1132 USD
My targets
1.1201 USD (+0.30%)
1.1335 USD (+1.50%)
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 1.1132 USD. The buyers” bullish objective is set at 1.1201 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1335 USD. If there is any crossing, the next objective would be the resistance located at 1.1428 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7
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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 1.1168 USD. On the day, this instrument lost -0.03% and was between 1.1149 USD and 1.1179 USD. This implies that the price is at +0.17% from its lowest and at -0.10% from its highest.1.1149
1.1179
1.1168
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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. 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 does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1002 | 1.1072 | 1.1132 | 1.1168 | 1.1201 | 1.1335 | 1.1428 |
| Change (%) | -1.49% | -0.86% | -0.32% | - | +0.30% | +1.50% | +2.33% |
| Change | -0.0166 | -0.0096 | -0.0036 | - | +0.0033 | +0.0167 | +0.0260 |
| Level | Intermediate | Major | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1072 | 1.1093 | 1.1132 | 1.1153 | 1.1192 | 1.1213 | 1.1252 |
| Camarilla | 1.1155 | 1.1160 | 1.1166 | 1.1171 | 1.1177 | 1.1182 | 1.1188 |
| Woodie | 1.1081 | 1.1098 | 1.1141 | 1.1158 | 1.1201 | 1.1218 | 1.1261 |
| Fibonacci | 1.1093 | 1.1116 | 1.1130 | 1.1153 | 1.1176 | 1.1190 | 1.1213 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0867 | 1.0929 | 1.1050 | 1.1112 | 1.1233 | 1.1295 | 1.1416 |
| Camarilla | 1.1121 | 1.1138 | 1.1154 | 1.1171 | 1.1188 | 1.1205 | 1.1221 |
| Woodie | 1.0897 | 1.0944 | 1.1080 | 1.1127 | 1.1263 | 1.1310 | 1.1446 |
| Fibonacci | 1.0929 | 1.0999 | 1.1042 | 1.1112 | 1.1182 | 1.1225 | 1.1295 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 59.95 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 12.2536 | |
| AROON (14): | 7.1428 | |
| DEMA (21): | 1.1168 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1150 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 1.1139 | |
| Zig ZAG (10): | 1.1163 | |
| VORTEX (21): | 1.0960 | |
| Stochastique (14,3,5): | 52.22 | |
| TEMA (21): | 1.1165 | |
| Williams %R (14): | -53.33 | |
| Chande Momentum Oscillator (20): | 0.0007 | |
| Repulse (5,40,3): | 0.0030 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0104 | |
| Courbe Coppock: | 0.05 |
| MA7: | 1.1089 | |
| MA20: | 1.1007 | |
| MA50: | 1.1038 | |
| MA100: | 1.1140 | |
| MAexp7: | 1.1163 | |
| MAexp20: | 1.1157 | |
| MAexp50: | 1.1138 | |
| MAexp100: | 1.1108 | |
| Price / MA7: | +0.71% | |
| Price / MA20: | +1.46% | |
| Price / MA50: | +1.18% | |
| Price / MA100: | +0.25% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.27% | |
| Price / MAexp100: | +0.54% |
News
The last news published on EUR/USD at the time of the generation of this analysis was as follows:
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This member declared not having a position on this financial instrument or a related financial instrument.
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