EUR/USD

- USD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURUSD
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EUR/USD - Daily - Technical analysis published on 10/23/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Neutral

Technical indicators

72%

28%

My opinion

Bullish above 1.1072 USD

My targets

1.1132 USD (+0.01%)

1.1201 USD (+0.63%)

My analysis

The strong short-term increase of EUR/USD should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 1.1072 USD, a purchase could be considered. The first bullish objective is located at 1.1132 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 1.1201 USD. If there is any crossing, the next objective would be the resistance at 1.1265 USD. Caution, if there is a return under 1.1072 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

FORCE

4.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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 1.1131 USD. On the day, this instrument gained +0.03% with the lowest point at 1.1106 USD and the highest point at 1.1140 USD. The deviation from the price is +0.23% for the low point and -0.08% for the high point.

1.1106

1.1140

1.1131

Here is a more detailed summary of the historical variations registered by EUR/USD:

Technical

Technical analysis of this Daily chart of EUR/USD indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.0865	1.0963	1.1072	1.1131	1.1132	1.1201	1.1265
Change (%)	-2.39%	-1.51%	-0.53%	-	+0.01%	+0.63%	+1.20%
Change	-0.0266	-0.0168	-0.0059	-	+0.0001	+0.0070	+0.0134
Level	Intermediate	Minor	Major	-	Major	Major	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):	62.06
MACD (12,26,9):	0.0032
Directional Movement:	6.1843
AROON (14):	64.2857
DEMA (21):	1.1089
Parabolic SAR (0,02-0,02-0,2):	1.1006
Elder Ray (13):	0.0044
Super Trend (3,10):	1.0993
Zig ZAG (10):	1.1130
VORTEX (21):	1.1085
Stochastique (14,3,5):	82.60
TEMA (21):	1.1135
Williams %R (14):	-20.59
Chande Momentum Oscillator (20):	0.0158
Repulse (5,40,3):	0.2611
ROCnROLL:	1
TRIX (15,9):	0.0135
Courbe Coppock:	2.93

MA7:	1.1116
MA20:	1.1020
MA50:	1.1037
MA100:	1.1137
MAexp7:	1.1112
MAexp20:	1.1059
MAexp50:	1.1061
MAexp100:	1.1109
Price / MA7:	+0.13%
Price / MA20:	+1.01%
Price / MA50:	+0.85%
Price / MA100:	-0.05%
Price / MAexp7:	+0.17%
Price / MAexp20:	+0.65%
Price / MAexp50:	+0.63%
Price / MAexp100:	+0.20%

News

The last news published on EUR/USD at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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