EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURUSD
ISIN:

EUR/USD - 1H - Technical analysis published on 12/02/2019 (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 bullish
De fond: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1.1026 USD
My targets
1.1052 USD (+0.15%)
1.1081 USD (+0.42%)
My analysis
The bullish trend is currently very strong on EUR/USD. As long as the price remains above the support at 1.1026 USD, you could try to benefit from the boom. The first bullish objective is located at 1.1052 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.1081 USD as an objective. Crossing it would then enable buyers to target 1.1097 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8

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 Edd8011. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

EUR/USD rating 1.1035 USD. On the day, this instrument gained +0.14% and was between 1.1003 USD and 1.1036 USD. This implies that the price is at +0.29% from its lowest and at -0.01% from its highest.

1.1003
1.1036
1.1035

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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 strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0992 1.1008 1.1026 1.1035 1.1052 1.1081 1.1097
Change (%) -0.39% -0.24% -0.08% - +0.15% +0.42% +0.56%
Change -0.0043 -0.0027 -0.0009 - +0.0017 +0.0046 +0.0062
Level Minor Major Intermediate - Minor Minor Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.09441.09631.09911.10101.10381.10571.1085
Camarilla1.10071.10111.10161.10201.10241.10291.1033
Woodie1.09501.09651.09971.10121.10441.10591.1091
Fibonacci1.09631.09811.09921.10101.10281.10391.1057


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.09391.09601.09901.10111.10411.10621.1092
Camarilla1.10061.10111.10151.10201.10251.10291.1034
Woodie1.09441.09621.09951.10131.10461.10641.1097
Fibonacci1.09601.09801.09921.10111.10311.10431.1062


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.07481.08651.09421.10591.11361.12531.1330
Camarilla1.09671.09841.10021.10201.10381.10561.1073
Woodie1.07291.08551.09231.10491.11171.12431.1311
Fibonacci1.08651.09391.09851.10591.11331.11791.1253

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): 65.86
MACD (12,26,9): 0.0002
Directional Movement: 7.1495
AROON (14): 7.1429
DEMA (21): 1.1019
Parabolic SAR (0,02-0,02-0,2): 1.0998
Elder Ray (13): 0.0009
Super Trend (3,10): 1.1003
Zig ZAG (10): 1.1032
VORTEX (21): 1.0000
Stochastique (14,3,5): 60.00
TEMA (21): 1.1019
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 0.0013
Repulse (5,40,3): 0.2047
ROCnROLL: 1
TRIX (15,9): 0.0022
Courbe Coppock: 0.03
MA7: 1.1017
MA20: 1.1038
MA50: 1.1043
MA100: 1.1074
MAexp7: 1.1018
MAexp20: 1.1017
MAexp50: 1.1014
MAexp100: 1.1016
Price / MA7: +0.16%
Price / MA20: -0.03%
Price / MA50: -0.07%
Price / MA100: -0.35%
Price / MAexp7: +0.15%
Price / MAexp20: +0.16%
Price / MAexp50: +0.19%
Price / MAexp100: +0.17%

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

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