EUR/USD - 1H - Technical analysis published on 12/26/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1.1084 USD
My targets
1.1132 USD (+0.0030)
1.1144 USD (+0.0042)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/USD as long as the price remains well above 1.1084 USD. The buyers” bullish objective is set at 1.1132 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1144 USD. If there is any crossing, the next objective would be the resistance located at 1.1158 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
6.4
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This analysis was given by Frederico Pereira. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.1102 USD. The price registered an increase of +0.06% on the session and was traded between 1.1082 USD and 1.1109 USD over the period. The price is currently at +0.18% from its lowest and -0.06% from its highest.1.1082
1.1109
1.1102
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this EUR/USD chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1006 | 1.1075 | 1.1084 | 1.1102 | 1.1107 | 1.1132 | 1.1144 |
| Change (%) | -0.86% | -0.24% | -0.16% | - | +0.05% | +0.27% | +0.38% |
| Change | -0.0096 | -0.0027 | -0.0018 | - | +0.0005 | +0.0030 | +0.0042 |
| Level | Intermediate | Major | Minor | - | Intermediate | Major | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1048 | 1.1059 | 1.1073 | 1.1084 | 1.1098 | 1.1109 | 1.1123 |
| Camarilla | 1.1081 | 1.1083 | 1.1086 | 1.1088 | 1.1090 | 1.1093 | 1.1095 |
| Woodie | 1.1051 | 1.1060 | 1.1076 | 1.1085 | 1.1101 | 1.1110 | 1.1126 |
| Fibonacci | 1.1059 | 1.1068 | 1.1074 | 1.1084 | 1.1093 | 1.1099 | 1.1109 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0928 | 1.0997 | 1.1037 | 1.1106 | 1.1146 | 1.1215 | 1.1255 |
| Camarilla | 1.1047 | 1.1057 | 1.1067 | 1.1077 | 1.1087 | 1.1097 | 1.1107 |
| Woodie | 1.0914 | 1.0990 | 1.1023 | 1.1099 | 1.1132 | 1.1208 | 1.1241 |
| Fibonacci | 1.0997 | 1.1039 | 1.1064 | 1.1106 | 1.1148 | 1.1173 | 1.1215 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.77 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 8.3256 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 1.1102 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1090 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 1.1086 | |
| Zig ZAG (10): | 1.1102 | |
| VORTEX (21): | 1.0887 | |
| Stochastique (14,3,5): | 76.54 | |
| TEMA (21): | 1.1104 | |
| Williams %R (14): | -29.63 | |
| Chande Momentum Oscillator (20): | 0.0010 | |
| Repulse (5,40,3): | -0.0017 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0042 | |
| Courbe Coppock: | 0.23 |
| MA7: | 1.1107 | |
| MA20: | 1.1096 | |
| MA50: | 1.1086 | |
| MA100: | 1.1064 | |
| MAexp7: | 1.1101 | |
| MAexp20: | 1.1096 | |
| MAexp50: | 1.1093 | |
| MAexp100: | 1.1096 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | +0.05% | |
| Price / MA50: | +0.14% | |
| Price / MA100: | +0.34% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.05% |
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 December 27, 2019
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EUR/USD Technical Analysis for December 27, 2019 by FXEmpire
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EUR/USD and GBP/USD Forecast December 26, 2019
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EUR/USD Technical Analysis for December 26, 2019 by FXEmpire
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EUR/USD and GBP/USD Forecast December 24, 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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