EUR/USD - Daily - Technical analysis published on 01/24/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 1.1075 USD
My targets
1.0899 USD (-0.0125)
1.0801 USD (-0.0223)
My analysis
EUR/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.1075 USD. The next support located at 1.0899 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.0801 USD. Below this support, sellers could then target 1.0391 USD.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
5.9
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This analysis was given by Edd8011. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD rating is 1.1024 USD. On the day, this instrument lost -0.28% and was traded between 1.1020 USD and 1.1062 USD over the period. The price is currently at +0.04% from its lowest and -0.34% from its highest.1.1020
1.1062
1.1024
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/USD in Daily shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
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 | 1.0801 | 1.0899 | 1.0995 | 1.1024 | 1.1075 | 1.1176 | 1.1335 |
| Change (%) | -2.02% | -1.13% | -0.26% | - | +0.46% | +1.38% | +2.82% |
| Change | -0.0223 | -0.0125 | -0.0029 | - | +0.0051 | +0.0152 | +0.0311 |
| Level | Minor | Minor | Major | - | Major | Major | 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 | 1.0951 | 1.0994 | 1.1024 | 1.1067 | 1.1097 | 1.1140 | 1.1170 |
| Camarilla | 1.1035 | 1.1042 | 1.1048 | 1.1055 | 1.1062 | 1.1068 | 1.1075 |
| Woodie | 1.0946 | 1.0991 | 1.1019 | 1.1064 | 1.1092 | 1.1137 | 1.1165 |
| Fibonacci | 1.0994 | 1.1022 | 1.1039 | 1.1067 | 1.1095 | 1.1112 | 1.1140 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0973 | 1.1030 | 1.1060 | 1.1117 | 1.1147 | 1.1204 | 1.1234 |
| Camarilla | 1.1067 | 1.1075 | 1.1083 | 1.1091 | 1.1099 | 1.1107 | 1.1115 |
| Woodie | 1.0961 | 1.1023 | 1.1048 | 1.1110 | 1.1135 | 1.1197 | 1.1222 |
| Fibonacci | 1.1030 | 1.1063 | 1.1083 | 1.1117 | 1.1150 | 1.1170 | 1.1204 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 35.28 | |
| MACD (12,26,9): | -0.0015 | |
| Directional Movement: | -9.2627 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 1.1094 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1144 | |
| Elder Ray (13): | -0.0056 | |
| Super Trend (3,10): | 1.1176 | |
| Zig ZAG (10): | 1.1024 | |
| VORTEX (21): | 0.9377 | |
| Stochastique (14,3,5): | 10.47 | |
| TEMA (21): | 1.1069 | |
| Williams %R (14): | -97.74 | |
| Chande Momentum Oscillator (20): | -0.0090 | |
| Repulse (5,40,3): | -0.7457 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0004 | |
| Courbe Coppock: | 1.53 |
| MA7: | 1.1083 | |
| MA20: | 1.1133 | |
| MA50: | 1.1104 | |
| MA100: | 1.1073 | |
| MAexp7: | 1.1076 | |
| MAexp20: | 1.1107 | |
| MAexp50: | 1.1106 | |
| MAexp100: | 1.1106 | |
| Price / MA7: | -0.53% | |
| Price / MA20: | -0.98% | |
| Price / MA50: | -0.72% | |
| Price / MA100: | -0.44% | |
| Price / MAexp7: | -0.47% | |
| Price / MAexp20: | -0.75% | |
| Price / MAexp50: | -0.74% | |
| Price / MAexp100: | -0.74% |
News
The latest news and videos published on EUR/USD at the time of the analysis were as follows:
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USD/CAD, EUR/USD, USD Technical Analysis for Next Week
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EUR/USD and GBP/USD Forecast January 24, 2020
-
EUR/USD Breaks Down, Oil Tests Key Support as Risk-Off Hints Appear
-
EUR/USD Technical Analysis for January 24, 2020 by FXEmpire
-
EUR/USD and GBP/USD Forecast January 23, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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