EUR/USD - 1H - Technical analysis published on 11/08/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.1036 USD
My targets
1.0964 USD (-0.52%)
1.0896 USD (-1.13%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/USD as long as the price remains well below 1.1036 USD. The sellers” bearish objective is set at 1.0964 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0896 USD. In case of crossing, the next objective would be the support located at 1.0391 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
7.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.1021 USD. The price registered a decrease of -0.28% on the session and was traded between 1.1021 USD and 1.1055 USD over the period. The price is currently at 0% from its lowest and -0.31% from its highest.1.1021
1.1055
1.1021
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this EUR/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently positioned 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
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0391 | 1.0896 | 1.0964 | 1.1021 | 1.1036 | 1.1064 | 1.1092 |
| Change (%) | -5.72% | -1.13% | -0.52% | - | +0.14% | +0.39% | +0.64% |
| Change | -0.0630 | -0.0125 | -0.0057 | - | +0.0015 | +0.0043 | +0.0071 |
| Level | Major | Major | Minor | - | Intermediate | Minor | 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 | 1.0972 | 1.1004 | 1.1028 | 1.1060 | 1.1084 | 1.1116 | 1.1140 |
| Camarilla | 1.1037 | 1.1042 | 1.1047 | 1.1052 | 1.1057 | 1.1062 | 1.1067 |
| Woodie | 1.0968 | 1.1002 | 1.1024 | 1.1058 | 1.1080 | 1.1114 | 1.1136 |
| Fibonacci | 1.1004 | 1.1025 | 1.1039 | 1.1060 | 1.1081 | 1.1095 | 1.1116 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0998 | 1.1036 | 1.1101 | 1.1139 | 1.1204 | 1.1242 | 1.1307 |
| Camarilla | 1.1139 | 1.1148 | 1.1158 | 1.1167 | 1.1176 | 1.1186 | 1.1195 |
| Woodie | 1.1013 | 1.1043 | 1.1116 | 1.1146 | 1.1219 | 1.1249 | 1.1322 |
| Fibonacci | 1.1036 | 1.1075 | 1.1099 | 1.1139 | 1.1178 | 1.1202 | 1.1242 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0664 | 1.0771 | 1.0964 | 1.1071 | 1.1264 | 1.1371 | 1.1564 |
| Camarilla | 1.1074 | 1.1101 | 1.1129 | 1.1156 | 1.1184 | 1.1211 | 1.1239 |
| Woodie | 1.0706 | 1.0793 | 1.1006 | 1.1093 | 1.1306 | 1.1393 | 1.1606 |
| Fibonacci | 1.0771 | 1.0886 | 1.0957 | 1.1071 | 1.1186 | 1.1257 | 1.1371 |
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): | 27.02 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | -20.1429 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.1031 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1050 | |
| Elder Ray (13): | -0.0012 | |
| Super Trend (3,10): | 1.1051 | |
| Zig ZAG (10): | 1.1026 | |
| VORTEX (21): | 0.8924 | |
| Stochastique (14,3,5): | 13.80 | |
| TEMA (21): | 1.1029 | |
| Williams %R (14): | -85.29 | |
| Chande Momentum Oscillator (20): | -0.0026 | |
| Repulse (5,40,3): | -0.0936 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0090 | |
| Courbe Coppock: | 0.32 |
| MA7: | 1.1099 | |
| MA20: | 1.1104 | |
| MA50: | 1.1041 | |
| MA100: | 1.1116 | |
| MAexp7: | 1.1031 | |
| MAexp20: | 1.1041 | |
| MAexp50: | 1.1057 | |
| MAexp100: | 1.1077 | |
| Price / MA7: | -0.70% | |
| Price / MA20: | -0.75% | |
| Price / MA50: | -0.18% | |
| Price / MA100: | -0.85% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.33% | |
| Price / MAexp100: | -0.51% |
News
The latest news and videos published on EUR/USD at the time of the analysis were as follows:
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EUR/USD and GBP/USD Forecast November 8, 2019
-
EUR/USD Technical Analysis for November 08, 2019 by FXEmpire
-
EUR/USD and GBP/USD Forecast November 7, 2019
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EUR/USD Technical Analysis for November 07, 2019 by FXEmpire
-
EUR/USD and GBP/USD Forecast November 6, 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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