EUR/USD - 1H - Technical analysis published on 10/23/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 1.1114 USD
My targets
1.1072 USD (-0.37%)
1.1022 USD (-0.82%)
My analysis
EUR/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.1114 USD. The next support located at 1.1072 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.1022 USD. Below this support, sellers could then target 1.0991 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
5.5
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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 rating is 1.1113 USD. On the day, this instrument lost -0.14% with the lowest point at 1.1108 USD and the highest point at 1.1131 USD. The deviation from the price is +0.05% for the low point and -0.16% for the high point.1.1108
1.1131
1.1113
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of EUR/USD indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 1.0991 | 1.1022 | 1.1072 | 1.1113 | 1.1114 | 1.1132 | 1.1157 |
| Change (%) | -1.10% | -0.82% | -0.37% | - | +0.01% | +0.17% | +0.40% |
| Change | -0.0122 | -0.0091 | -0.0041 | - | +0.0001 | +0.0019 | +0.0044 |
| Level | Intermediate | Intermediate | Major | - | Minor | Major | Intermediate |
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 | 1.1071 | 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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 38.25 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -13.5712 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 1.1116 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1140 | |
| Elder Ray (13): | -0.0007 | |
| Super Trend (3,10): | 1.1142 | |
| Zig ZAG (10): | 1.1113 | |
| VORTEX (21): | 0.9139 | |
| Stochastique (14,3,5): | 16.49 | |
| TEMA (21): | 1.1114 | |
| Williams %R (14): | -78.26 | |
| Chande Momentum Oscillator (20): | -0.0017 | |
| Repulse (5,40,3): | -0.0734 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0084 | |
| Courbe Coppock: | 0.23 |
| MA7: | 1.1114 | |
| MA20: | 1.1020 | |
| MA50: | 1.1036 | |
| MA100: | 1.1137 | |
| MAexp7: | 1.1118 | |
| MAexp20: | 1.1125 | |
| MAexp50: | 1.1132 | |
| MAexp100: | 1.1124 | |
| Price / MA7: | -0.01% | |
| Price / MA20: | +0.84% | |
| Price / MA50: | +0.70% | |
| Price / MA100: | -0.22% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -0.10% |
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 23, 2019
-
EUR/USD Technical Analysis for October 23, 2019 by FXEmpire
-
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)
This member declared not having a position on this financial instrument or a related financial instrument.
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