EUR/USD - Daily - Technical analysis published on 01/01/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.1076 USD
My targets
1.1335 USD (+0.0120)
1.1399 USD (+0.0184)
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 1.1076 USD. The next resistance located at 1.1335 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 1.1399 USD. After this resistance, buyers could then target 1.1561 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.4
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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 1.1215 USD. On the day, this instrument gained +0.02% and was between 1.1205 USD and 1.1223 USD. This implies that the price is at +0.09% from its lowest and at -0.07% from its highest.1.1205
1.1223
1.1215
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 EUR/USD in Daily shows a strongly overall 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. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Daily
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
White gravestone / inverted hammer
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1006 | 1.1076 | 1.1176 | 1.1215 | 1.1242 | 1.1335 | 1.1399 |
| Change (%) | -1.86% | -1.24% | -0.35% | - | +0.24% | +1.07% | +1.64% |
| Change | -0.0209 | -0.0139 | -0.0039 | - | +0.0027 | +0.0120 | +0.0184 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Major |
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 | 1.1155 | 1.1177 | 1.1195 | 1.1217 | 1.1235 | 1.1257 | 1.1275 |
| Camarilla | 1.1202 | 1.1206 | 1.1209 | 1.1213 | 1.1217 | 1.1220 | 1.1224 |
| Woodie | 1.1153 | 1.1176 | 1.1193 | 1.1216 | 1.1233 | 1.1256 | 1.1273 |
| Fibonacci | 1.1177 | 1.1192 | 1.1202 | 1.1217 | 1.1232 | 1.1242 | 1.1257 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0980 | 1.1025 | 1.1099 | 1.1144 | 1.1218 | 1.1263 | 1.1337 |
| Camarilla | 1.1141 | 1.1152 | 1.1163 | 1.1174 | 1.1185 | 1.1196 | 1.1207 |
| Woodie | 1.0996 | 1.1032 | 1.1115 | 1.1151 | 1.1234 | 1.1270 | 1.1353 |
| Fibonacci | 1.1025 | 1.1070 | 1.1098 | 1.1144 | 1.1189 | 1.1217 | 1.1263 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0828 | 1.0916 | 1.1064 | 1.1152 | 1.1300 | 1.1388 | 1.1536 |
| Camarilla | 1.1148 | 1.1170 | 1.1191 | 1.1213 | 1.1235 | 1.1256 | 1.1278 |
| Woodie | 1.0859 | 1.0931 | 1.1095 | 1.1167 | 1.1331 | 1.1403 | 1.1567 |
| Fibonacci | 1.0916 | 1.1006 | 1.1062 | 1.1152 | 1.1242 | 1.1298 | 1.1388 |
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): | 66.40 | |
| MACD (12,26,9): | 0.0030 | |
| Directional Movement: | 22.1390 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.1166 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1084 | |
| Elder Ray (13): | 0.0066 | |
| Super Trend (3,10): | 1.1088 | |
| Zig ZAG (10): | 1.1216 | |
| VORTEX (21): | 1.1387 | |
| Stochastique (14,3,5): | 86.47 | |
| TEMA (21): | 1.1186 | |
| Williams %R (14): | -13.29 | |
| Chande Momentum Oscillator (20): | 0.0080 | |
| Repulse (5,40,3): | 0.3880 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0255 | |
| Courbe Coppock: | 0.81 |
| MA7: | 1.1155 | |
| MA20: | 1.1127 | |
| MA50: | 1.1090 | |
| MA100: | 1.1063 | |
| MAexp7: | 1.1173 | |
| MAexp20: | 1.1131 | |
| MAexp50: | 1.1100 | |
| MAexp100: | 1.1103 | |
| Price / MA7: | +0.54% | |
| Price / MA20: | +0.79% | |
| Price / MA50: | +1.13% | |
| Price / MA100: | +1.37% | |
| Price / MAexp7: | +0.38% | |
| Price / MAexp20: | +0.75% | |
| Price / MAexp50: | +1.04% | |
| Price / MAexp100: | +1.01% |
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 Januaey 2, 2020
-
EUR/USD Technical Analysis for January 02, 2019 by FXEmpire
-
EUR/USD and GBP/USD Forecast December 31, 2019
-
EUR/USD Technical Analysis for December 31, 2019 by FXEmpire
-
EUR/USD and GBP/USD Forecast December 30, 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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