EUR/USD - 1H - Technical analysis published on 10/22/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.1132 USD
My targets
1.1114 USD (-0.14%)
1.1072 USD (-0.52%)
My analysis
The strong short-term decrease of EUR/USD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 1.1132 USD, a sale could be considered. The first bearish objective is located at 1.1114 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 1.1072 USD. If there is any crossing, the next objective would be support 1.1002 USD. Caution, if there is a return to above 1.1132 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
2.9
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD rating is 1.1130 USD. The price is lower by -0.19% since the last closing and was between 1.1123 USD and 1.1157 USD. This implies that the price is at +0.06% from its lowest and at -0.24% from its highest.1.1123
1.1157
1.1130
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/USD:
Technical
Technical analysis of this 1H chart of EUR/USD indicates that the overall trend is not clearly defined. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
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 | 1.1002 | 1.1072 | 1.1114 | 1.1130 | 1.1132 | 1.1179 | 1.1201 |
| Change (%) | -1.15% | -0.52% | -0.14% | - | +0.02% | +0.44% | +0.64% |
| Change | -0.0128 | -0.0058 | -0.0016 | - | +0.0002 | +0.0049 | +0.0071 |
| Level | Intermediate | Major | Minor | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1094 | 1.1116 | 1.1134 | 1.1156 | 1.1174 | 1.1196 | 1.1214 |
| Camarilla | 1.1140 | 1.1144 | 1.1147 | 1.1151 | 1.1155 | 1.1158 | 1.1162 |
| Woodie | 1.1091 | 1.1115 | 1.1131 | 1.1155 | 1.1171 | 1.1195 | 1.1211 |
| Fibonacci | 1.1116 | 1.1132 | 1.1141 | 1.1156 | 1.1172 | 1.1181 | 1.1196 |
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): | 29.17 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -16.1430 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.1139 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1154 | |
| Elder Ray (13): | -0.0014 | |
| Super Trend (3,10): | 1.1153 | |
| Zig ZAG (10): | 1.1127 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 15.77 | |
| TEMA (21): | 1.1133 | |
| Williams %R (14): | -82.35 | |
| Chande Momentum Oscillator (20): | -0.0023 | |
| Repulse (5,40,3): | -0.0824 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0035 | |
| Courbe Coppock: | 0.22 |
| MA7: | 1.1101 | |
| MA20: | 1.1012 | |
| MA50: | 1.1037 | |
| MA100: | 1.1138 | |
| MAexp7: | 1.1137 | |
| MAexp20: | 1.1144 | |
| MAexp50: | 1.1143 | |
| MAexp100: | 1.1123 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | +1.07% | |
| Price / MA50: | +0.84% | |
| Price / MA100: | -0.07% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | +0.06% |
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 22, 2019
-
EUR/USD Technical Analysis for October 22, 2019 by FXEmpire
-
EURUSD, Pound, Volatility - The Biggest Risks and Opportunities Ahead (Trading Video)
-
EUR/USD and GBP/USD Forecast October 21, 2019
-
EURUSD Faces Its Own Trade War, Mind Your Brexit Risk and China 3Q GDP (Trading Video)
This member declared not having a position on this financial instrument or a related financial instrument.
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