EUR/USD - 1H - Technical analysis published on 12/17/2019 (GMT)
- Who voted?
- 216
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
44%
28%
28%
My opinion
Bullish above 1.1132 USD
My targets
1.1176 USD (+0.0024)
1.1200 USD (+0.0048)
My analysis
EUR/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.1132 USD. The next resistance located at 1.1176 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.1200 USD. After this resistance, buyers could then target 1.1239 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
6.3
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 fboccia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD rating is 1.1152 USD. The price registered an increase of +0.14% on the session with the lowest point at 1.1129 USD and the highest point at 1.1175 USD. The deviation from the price is +0.21% for the low point and -0.21% for the high point.1.1129
1.1175
1.1152
Here is a more detailed summary of the historical variations registered by EUR/USD:
Technical
Technical analysis of EUR/USD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 8 are bullish, 5 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back under 0
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 resistance is broken
Type : Bullish
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 | 1.1076 | 1.1109 | 1.1132 | 1.1152 | 1.1158 | 1.1176 | 1.1200 |
| Change (%) | -0.68% | -0.39% | -0.18% | - | +0.05% | +0.22% | +0.43% |
| Change | -0.0076 | -0.0043 | -0.0020 | - | +0.0006 | +0.0024 | +0.0048 |
| Level | Major | Intermediate | Major | - | Intermediate | 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 | 1.1083 | 1.1103 | 1.1119 | 1.1139 | 1.1155 | 1.1175 | 1.1191 |
| Camarilla | 1.1126 | 1.1129 | 1.1133 | 1.1136 | 1.1139 | 1.1143 | 1.1146 |
| Woodie | 1.1082 | 1.1102 | 1.1118 | 1.1138 | 1.1154 | 1.1174 | 1.1190 |
| Fibonacci | 1.1103 | 1.1116 | 1.1125 | 1.1139 | 1.1152 | 1.1161 | 1.1175 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0901 | 1.0977 | 1.1048 | 1.1124 | 1.1195 | 1.1271 | 1.1342 |
| Camarilla | 1.1079 | 1.1092 | 1.1106 | 1.1119 | 1.1133 | 1.1146 | 1.1159 |
| Woodie | 1.0899 | 1.0976 | 1.1046 | 1.1123 | 1.1193 | 1.1270 | 1.1340 |
| Fibonacci | 1.0977 | 1.1033 | 1.1068 | 1.1124 | 1.1180 | 1.1215 | 1.1271 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0748 | 1.0865 | 1.0942 | 1.1059 | 1.1136 | 1.1253 | 1.1330 |
| Camarilla | 1.0967 | 1.0984 | 1.1002 | 1.1020 | 1.1038 | 1.1056 | 1.1073 |
| Woodie | 1.0729 | 1.0855 | 1.0923 | 1.1049 | 1.1117 | 1.1243 | 1.1311 |
| Fibonacci | 1.0865 | 1.0939 | 1.0985 | 1.1059 | 1.1133 | 1.1179 | 1.1253 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.91 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 4.7765 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 1.1152 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1173 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 1.1136 | |
| Zig ZAG (10): | 1.1152 | |
| VORTEX (21): | 1.0609 | |
| Stochastique (14,3,5): | 37.02 | |
| TEMA (21): | 1.1152 | |
| Williams %R (14): | -52.50 | |
| Chande Momentum Oscillator (20): | -0.0006 | |
| Repulse (5,40,3): | 0.0490 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0032 | |
| Courbe Coppock: | 0.06 |
| MA7: | 1.1126 | |
| MA20: | 1.1076 | |
| MA50: | 1.1078 | |
| MA100: | 1.1067 | |
| MAexp7: | 1.1150 | |
| MAexp20: | 1.1150 | |
| MAexp50: | 1.1146 | |
| MAexp100: | 1.1137 | |
| Price / MA7: | +0.23% | |
| Price / MA20: | +0.69% | |
| Price / MA50: | +0.67% | |
| Price / MA100: | +0.77% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.13% |
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 December 18, 2019
-
US Dollar Set to Bend or Break in 2020: EUR/USD, GBP/USD, USD/JPY Price Action Setups
-
EUR/USD Technical Analysis for December 18, 2019 by FXEmpire
-
EUR/USD and GBP/USD Forecast December 17, 2019
-
EUR/USD Technical Analysis for December 17, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/USD - 1H