EUR/USD - Daily - Technical analysis published on 02/10/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 1.1006 USD
My targets
1.0748 USD (-0.0166)
1.0391 USD (-0.0523)
My analysis
The bearish trend is currently very strong for EUR/USD. As long as the price remains below the resistance at 1.1006 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.0748 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.0391 USD as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
7.9
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This analysis was given by whun450. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD price is 1.0914 USD. The price registered a decrease of -0.28% on the session and was between 1.0909 USD and 1.0958 USD. This implies that the price is at +0.05% from its lowest and at -0.40% from its highest.1.0909
1.0958
1.0914
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
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:
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 this Daily chart of EUR/USD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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 3
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.0391 | 1.0899 | 1.0914 | 1.1006 | 1.1075 | 1.1170 |
| Change (%) | -4.79% | -0.14% | - | +0.84% | +1.48% | +2.35% |
| Change | -0.0523 | -0.0015 | - | +0.0092 | +0.0161 | +0.0256 |
| Level | Major | Major | - | Intermediate | Intermediate | 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 | 1.0887 | 1.0914 | 1.0930 | 1.0957 | 1.0973 | 1.1000 | 1.1016 |
| Camarilla | 1.0933 | 1.0937 | 1.0941 | 1.0945 | 1.0949 | 1.0953 | 1.0957 |
| Woodie | 1.0881 | 1.0911 | 1.0924 | 1.0954 | 1.0967 | 1.0997 | 1.1010 |
| Fibonacci | 1.0914 | 1.0931 | 1.0941 | 1.0957 | 1.0974 | 1.0984 | 1.1000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0740 | 1.0841 | 1.0893 | 1.0994 | 1.1046 | 1.1147 | 1.1199 |
| Camarilla | 1.0903 | 1.0917 | 1.0931 | 1.0945 | 1.0959 | 1.0973 | 1.0987 |
| Woodie | 1.0716 | 1.0829 | 1.0869 | 1.0982 | 1.1022 | 1.1135 | 1.1175 |
| Fibonacci | 1.0841 | 1.0899 | 1.0936 | 1.0994 | 1.1052 | 1.1089 | 1.1147 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0748 | 1.0870 | 1.0981 | 1.1103 | 1.1214 | 1.1336 | 1.1447 |
| Camarilla | 1.1028 | 1.1049 | 1.1071 | 1.1092 | 1.1113 | 1.1135 | 1.1156 |
| Woodie | 1.0743 | 1.0867 | 1.0976 | 1.1100 | 1.1209 | 1.1333 | 1.1442 |
| Fibonacci | 1.0870 | 1.0959 | 1.1014 | 1.1103 | 1.1192 | 1.1247 | 1.1336 |
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): | 28.92 | |
| MACD (12,26,9): | -0.0040 | |
| Directional Movement: | -17.2254 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 1.0990 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1080 | |
| Elder Ray (13): | -0.0080 | |
| Super Trend (3,10): | 1.1071 | |
| Zig ZAG (10): | 1.0914 | |
| VORTEX (21): | 0.8089 | |
| Stochastique (14,3,5): | 5.25 | |
| TEMA (21): | 1.0958 | |
| Williams %R (14): | -97.00 | |
| Chande Momentum Oscillator (20): | -0.0140 | |
| Repulse (5,40,3): | -0.9334 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0359 | |
| Courbe Coppock: | 1.89 |
| MA7: | 1.1006 | |
| MA20: | 1.1049 | |
| MA50: | 1.1097 | |
| MA100: | 1.1070 | |
| MAexp7: | 1.0983 | |
| MAexp20: | 1.1036 | |
| MAexp50: | 1.1071 | |
| MAexp100: | 1.1086 | |
| Price / MA7: | -0.84% | |
| Price / MA20: | -1.22% | |
| Price / MA50: | -1.65% | |
| Price / MA100: | -1.41% | |
| Price / MAexp7: | -0.63% | |
| Price / MAexp20: | -1.11% | |
| Price / MAexp50: | -1.42% | |
| Price / MAexp100: | -1.55% |
News
The latest news and videos published on EUR/USD at the time of the analysis were as follows:
-
EUR/USD Technical Analysis for February 11, 2020 by FXEmpire
-
EUR/USD and GBP/USD Forecast Febraury 10, 2020
-
EUR/USD Technical Analysis for the week of February 10, 2020 by FXEmpire
-
EUR/USD Technical Analysis for February 10, 2020 by FXEmpire
-
Pre-NFP Price Action Setups: EUR/USD, USD/CAD, USD/JPY
This member declared not having a position on this financial instrument or a related financial instrument.
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