EUR/USD - 1H - Technical analysis published on 12/27/2019 (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
89%
0%
11%
My opinion
Bullish above 1.1132 USD
My targets
1.1176 USD (+0.0027)
1.1242 USD (+0.0093)
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 1.1242 USD. After this resistance, buyers could then target 1.1335 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 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
8.9
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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 1.1149 USD. On the day, this instrument gained +0.43% with the lowest point at 1.1099 USD and the highest point at 1.1150 USD. The deviation from the price is +0.45% for the low point and -0.01% for the high point.1.1099
1.1150
1.1149
Here is a more detailed summary of the historical variations registered by EUR/USD:
Technical
A technical analysis in 1H of this EUR/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
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.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.1110 | 1.1132 | 1.1144 | 1.1149 | 1.1158 | 1.1176 | 1.1242 |
Change (%) | -0.35% | -0.15% | -0.04% | - | +0.08% | +0.24% | +0.83% |
Change | -0.0039 | -0.0017 | -0.0005 | - | +0.0009 | +0.0027 | +0.0093 |
Level | Intermediate | Major | Intermediate | - | Minor | 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 | 1.1059 | 1.1070 | 1.1086 | 1.1097 | 1.1113 | 1.1124 | 1.1140 |
Camarilla | 1.1094 | 1.1096 | 1.1099 | 1.1101 | 1.1104 | 1.1106 | 1.1108 |
Woodie | 1.1061 | 1.1071 | 1.1088 | 1.1098 | 1.1115 | 1.1125 | 1.1142 |
Fibonacci | 1.1070 | 1.1081 | 1.1087 | 1.1097 | 1.1108 | 1.1114 | 1.1124 |
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 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): | 79.50 | |
MACD (12,26,9): | 0.0013 | |
Directional Movement: | 34.0469 | |
AROON (14): | 100.0000 | |
DEMA (21): | 1.1139 | |
Parabolic SAR (0,02-0,02-0,2): | 1.1129 | |
Elder Ray (13): | 0.0020 | |
Super Trend (3,10): | 1.1123 | |
Zig ZAG (10): | 1.1146 | |
VORTEX (21): | 1.3464 | |
Stochastique (14,3,5): | 94.94 | |
TEMA (21): | 1.1142 | |
Williams %R (14): | -7.14 | |
Chande Momentum Oscillator (20): | 0.0045 | |
Repulse (5,40,3): | 0.1401 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0118 | |
Courbe Coppock: | 0.62 |
MA7: | 1.1106 | |
MA20: | 1.1103 | |
MA50: | 1.1087 | |
MA100: | 1.1063 | |
MAexp7: | 1.1139 | |
MAexp20: | 1.1122 | |
MAexp50: | 1.1108 | |
MAexp100: | 1.1104 | |
Price / MA7: | +0.39% | |
Price / MA20: | +0.41% | |
Price / MA50: | +0.56% | |
Price / MA100: | +0.78% | |
Price / MAexp7: | +0.09% | |
Price / MAexp20: | +0.24% | |
Price / MAexp50: | +0.37% | |
Price / MAexp100: | +0.41% |
News
The latest news and videos published on EUR/USD at the time of the analysis were as follows:
- EUR/USD and GBP/USD Forecast December 27, 2019
- EUR/USD Technical Analysis for December 27, 2019 by FXEmpire
- EUR/USD and GBP/USD Forecast December 26, 2019
- EUR/USD Technical Analysis for December 26, 2019 by FXEmpire
- 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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