EUR/USD - 1H - Technical analysis published on 12/29/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 1.1144 USD
My targets
1.1242 USD (+0.0068)
1.1335 USD (+0.0161)
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 1.1144 USD. The buyers” bullish objective is set at 1.1242 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1335 USD. If there is any crossing, the next objective would be the resistance located at 1.1399 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.2
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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 1.1174 USD. The price registered an increase of +0.66% on the session and was between 1.1099 USD and 1.1188 USD. This implies that the price is at +0.68% from its lowest and at -0.13% from its highest.1.1099
1.1188
1.1174
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of EUR/USD indicates that the overall trend is strongly bullish. 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 detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
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 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
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel 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 | 1.1109 | 1.1132 | 1.1144 | 1.1174 | 1.1176 | 1.1242 | 1.1335 |
| Change (%) | -0.58% | -0.38% | -0.27% | - | +0.02% | +0.61% | +1.44% |
| Change | -0.0065 | -0.0042 | -0.0030 | - | +0.0002 | +0.0068 | +0.0161 |
| Level | Intermediate | Intermediate | Minor | - | Major | 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 |
|---|---|---|---|---|---|---|---|
| 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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 73.13 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 26.9996 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 1.1179 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1188 | |
| Elder Ray (13): | 0.0011 | |
| Super Trend (3,10): | 1.1152 | |
| Zig ZAG (10): | 1.1174 | |
| VORTEX (21): | 1.3429 | |
| Stochastique (14,3,5): | 85.82 | |
| TEMA (21): | 1.1187 | |
| Williams %R (14): | -23.73 | |
| Chande Momentum Oscillator (20): | 0.0035 | |
| Repulse (5,40,3): | -0.0195 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0234 | |
| Courbe Coppock: | 0.91 |
| MA7: | 1.1110 | |
| MA20: | 1.1104 | |
| MA50: | 1.1087 | |
| MA100: | 1.1064 | |
| MAexp7: | 1.1174 | |
| MAexp20: | 1.1154 | |
| MAexp50: | 1.1128 | |
| MAexp100: | 1.1115 | |
| Price / MA7: | +0.58% | |
| Price / MA20: | +0.63% | |
| Price / MA50: | +0.78% | |
| Price / MA100: | +0.99% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.41% | |
| Price / MAexp100: | +0.53% |
News
Don"t forget to follow the news on EUR/USD. At the time of publication of this analysis, the latest news was as follows:
-
EUR/USD and GBP/USD Forecast December 30, 2019
-
EUR/USD Technical Analysis for the week of December 30, 2019 by FXEmpire
-
EUR/USD Technical Analysis for December 30, 2019 by FXEmpire
-
EUR/USD and GBP/USD Forecast December 27, 2019
-
EUR/USD Technical Analysis for December 27, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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