EUR/USD - 1H - Technical analysis published on 10/23/2019 (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 bearish
De fond:
Slightly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 1.1132 USD
My targets
1.1114 USD (-0.13%)
1.1072 USD (-0.51%)
My analysis
EUR/USD is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 1.1132 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 1.1114 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 1.1072 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 1.1002 USD. Beware of a possible return to above the resistance located at 1.1132 USD which would be a sign of a correction of the short-term bearish excesses registered.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
2.5
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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 price is 1.1129 USD. The price has increased by +0.01% since the last closing and was between 1.1124 USD and 1.1131 USD. This implies that the price is at +0.04% from its lowest and at -0.02% from its highest.1.1124
1.1131
1.1129
Here is a more detailed summary of the historical variations registered by EUR/USD:
Technical
Technical analysis of EUR/USD in 1H shows an overall slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 4 are neutral and 8 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1002 | 1.1072 | 1.1114 | 1.1129 | 1.1132 | 1.1179 | 1.1201 |
| Change (%) | -1.14% | -0.51% | -0.13% | - | +0.03% | +0.45% | +0.65% |
| Change | -0.0127 | -0.0057 | -0.0015 | - | +0.0003 | +0.0050 | +0.0072 |
| 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 | 1.1071 | 1.1094 | 1.1111 | 1.1134 | 1.1151 | 1.1174 | 1.1191 |
| Camarilla | 1.1117 | 1.1121 | 1.1124 | 1.1128 | 1.1132 | 1.1135 | 1.1139 |
| Woodie | 1.1068 | 1.1093 | 1.1108 | 1.1133 | 1.1148 | 1.1173 | 1.1188 |
| Fibonacci | 1.1094 | 1.1109 | 1.1119 | 1.1134 | 1.1149 | 1.1159 | 1.1174 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.76 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -12.6577 | |
| AROON (14): | -7.1428 | |
| DEMA (21): | 1.1128 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1151 | |
| Elder Ray (13): | -0.0005 | |
| Super Trend (3,10): | 1.1158 | |
| Zig ZAG (10): | 1.1130 | |
| VORTEX (21): | 0.8894 | |
| Stochastique (14,3,5): | 33.33 | |
| TEMA (21): | 1.1125 | |
| Williams %R (14): | -64.86 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | 0.0225 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0070 | |
| Courbe Coppock: | 0.24 |
| MA7: | 1.1116 | |
| MA20: | 1.1020 | |
| MA50: | 1.1037 | |
| MA100: | 1.1137 | |
| MAexp7: | 1.1129 | |
| MAexp20: | 1.1135 | |
| MAexp50: | 1.1139 | |
| MAexp100: | 1.1125 | |
| Price / MA7: | +0.12% | |
| Price / MA20: | +0.99% | |
| Price / MA50: | +0.83% | |
| Price / MA100: | -0.07% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | +0.04% |
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:
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EUR/USD Technical Analysis for October 23, 2019 by FXEmpire
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EUR/USD and GBP/USD Forecast October 22, 2019
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EUR/USD Technical Analysis for October 22, 2019 by FXEmpire
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EURUSD, Pound, Volatility - The Biggest Risks and Opportunities Ahead (Trading Video)
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