EUR/USD - 1H - Technical analysis published on 10/23/2019 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 1.1132 USD
My targets
1.1114 USD (-0.06%)
1.1072 USD (-0.44%)
My analysis
The bearish basic trend is very strong on EUR/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 1.1132 USD. Crossing the first support at 1.1114 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1.1072 USD as an objective. Crossing it would then enable sellers to target 1.1022 USD. Caution, a return to above the resistance located at 1.1132 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
4.5
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.1121 USD. The price registered a decrease of -0.06% on the session and was between 1.1106 USD and 1.1131 USD. This implies that the price is at +0.14% from its lowest and at -0.09% from its highest.1.1106
1.1131
1.1121
Here is a more detailed summary of the historical variations registered by EUR/USD:
Technical
A technical analysis in 1H of this EUR/USD chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1022 | 1.1072 | 1.1114 | 1.1121 | 1.1132 | 1.1157 | 1.1179 |
| Change (%) | -0.89% | -0.44% | -0.06% | - | +0.10% | +0.32% | +0.52% |
| Change | -0.0099 | -0.0049 | -0.0007 | - | +0.0011 | +0.0036 | +0.0058 |
| Level | Intermediate | Major | Minor | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1071 | 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): | 42.82 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -10.7368 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 1.1115 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1128 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 1.1141 | |
| Zig ZAG (10): | 1.1116 | |
| VORTEX (21): | 0.9613 | |
| Stochastique (14,3,5): | 50.32 | |
| TEMA (21): | 1.1114 | |
| Williams %R (14): | -52.17 | |
| Chande Momentum Oscillator (20): | 0.0000 | |
| Repulse (5,40,3): | -0.0155 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0078 | |
| Courbe Coppock: | 0.13 |
| MA7: | 1.1114 | |
| MA20: | 1.1020 | |
| MA50: | 1.1036 | |
| MA100: | 1.1137 | |
| MAexp7: | 1.1118 | |
| MAexp20: | 1.1122 | |
| MAexp50: | 1.1130 | |
| MAexp100: | 1.1123 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | +0.92% | |
| Price / MA50: | +0.77% | |
| Price / MA100: | -0.14% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -0.02% |
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 and GBP/USD Forecast October 23, 2019
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EUR/USD Technical Analysis for October 23, 2019 by FXEmpire
-
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)
This member declared not having a position on this financial instrument or a related financial instrument.
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