EUR/USD - 1H - Technical analysis published on 03/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 1.1170 USD
My targets
1.1220 USD (+0.0032)
1.1270 USD (+0.0082)
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 1.1170 USD. The next resistance located at 1.1220 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 1.1270 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
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD rating is 1.1188 USD. The price has increased by +0.39% since the last closing and was between 1.1095 USD and 1.1214 USD. This implies that the price is at +0.84% from its lowest and at -0.23% from its highest.1.1095
1.1214
1.1188
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
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 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1005 | 1.1078 | 1.1170 | 1.1188 | 1.1220 | 1.1270 | 1.1335 |
| Change (%) | -1.64% | -0.98% | -0.16% | - | +0.29% | +0.73% | +1.31% |
| Change | -0.0183 | -0.0110 | -0.0018 | - | +0.0032 | +0.0082 | +0.0147 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0910 | 1.0973 | 1.1059 | 1.1122 | 1.1208 | 1.1271 | 1.1357 |
| Camarilla | 1.1104 | 1.1118 | 1.1131 | 1.1145 | 1.1159 | 1.1172 | 1.1186 |
| Woodie | 1.0922 | 1.0979 | 1.1071 | 1.1128 | 1.1220 | 1.1277 | 1.1369 |
| Fibonacci | 1.0973 | 1.1030 | 1.1065 | 1.1122 | 1.1179 | 1.1214 | 1.1271 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0622 | 1.0714 | 1.0870 | 1.0962 | 1.1118 | 1.1210 | 1.1366 |
| Camarilla | 1.0959 | 1.0982 | 1.1004 | 1.1027 | 1.1050 | 1.1073 | 1.1095 |
| Woodie | 1.0655 | 1.0730 | 1.0903 | 1.0978 | 1.1151 | 1.1226 | 1.1399 |
| Fibonacci | 1.0714 | 1.0808 | 1.0867 | 1.0962 | 1.1056 | 1.1115 | 1.1210 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0521 | 1.0650 | 1.0838 | 1.0967 | 1.1155 | 1.1284 | 1.1472 |
| Camarilla | 1.0940 | 1.0969 | 1.0998 | 1.1027 | 1.1056 | 1.1085 | 1.1114 |
| Woodie | 1.0552 | 1.0665 | 1.0869 | 1.0982 | 1.1186 | 1.1299 | 1.1503 |
| Fibonacci | 1.0650 | 1.0771 | 1.0846 | 1.0967 | 1.1088 | 1.1163 | 1.1284 |
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): | 66.17 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 23.2823 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 1.1144 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1095 | |
| Elder Ray (13): | 0.0037 | |
| Super Trend (3,10): | 1.1086 | |
| Zig ZAG (10): | 1.1184 | |
| VORTEX (21): | 0.9247 | |
| Stochastique (14,3,5): | 55.83 | |
| TEMA (21): | 1.1136 | |
| Williams %R (14): | -22.69 | |
| Chande Momentum Oscillator (20): | 0.0056 | |
| Repulse (5,40,3): | 0.7225 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0143 | |
| Courbe Coppock: | 0.13 |
| MA7: | 1.0996 | |
| MA20: | 1.0917 | |
| MA50: | 1.1033 | |
| MA100: | 1.1059 | |
| MAexp7: | 1.1139 | |
| MAexp20: | 1.1129 | |
| MAexp50: | 1.1095 | |
| MAexp100: | 1.1039 | |
| Price / MA7: | +1.75% | |
| Price / MA20: | +2.48% | |
| Price / MA50: | +1.40% | |
| Price / MA100: | +1.17% | |
| Price / MAexp7: | +0.44% | |
| Price / MAexp20: | +0.53% | |
| Price / MAexp50: | +0.84% | |
| Price / MAexp100: | +1.35% |
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 March 3, 2020
-
EUR/USD Technical Analysis for March 3, 2020 by FXEmpire
-
EUR/USD and GBP/USD Forecast March 2, 2020
-
EUR/USD Technical Analysis for the Week of March 2, 2020 by FXEmpire
-
EUR/USD Technical Analysis for March 2, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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