EUR/USD - Daily - Technical analysis published on 03/18/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 1.1005 USD
My targets
1.0788 USD (-0.0136)
1.0391 USD (-0.0533)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on EUR/USD as long as the price remains well below 1.1005 USD. The next bearish objective for sellers is set at 1.0788 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 1.0391 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
4.6
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD price is 1.0924 USD. The price is lower by -0.84% since the last closing and was between 1.0921 USD and 1.1045 USD. This implies that the price is at +0.03% from its lowest and at -1.10% from its highest.1.0921
1.1045
1.0924
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in Daily of this EUR/USD chart shows a bearish trend. 75% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0391 | 1.0788 | 1.0899 | 1.0924 | 1.1005 | 1.1078 | 1.1170 |
| Change (%) | -4.88% | -1.24% | -0.23% | - | +0.74% | +1.41% | +2.25% |
| Change | -0.0533 | -0.0136 | -0.0025 | - | +0.0081 | +0.0154 | +0.0246 |
| Level | Major | Minor | Major | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0684 | 1.0820 | 1.0918 | 1.1054 | 1.1152 | 1.1288 | 1.1386 |
| Camarilla | 1.0953 | 1.0974 | 1.0996 | 1.1017 | 1.1039 | 1.1060 | 1.1081 |
| Woodie | 1.0666 | 1.0811 | 1.0900 | 1.1045 | 1.1134 | 1.1279 | 1.1368 |
| Fibonacci | 1.0820 | 1.0909 | 1.0964 | 1.1054 | 1.1143 | 1.1198 | 1.1288 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0501 | 1.0778 | 1.0941 | 1.1218 | 1.1381 | 1.1658 | 1.1821 |
| Camarilla | 1.0983 | 1.1023 | 1.1064 | 1.1104 | 1.1144 | 1.1185 | 1.1225 |
| Woodie | 1.0444 | 1.0750 | 1.0884 | 1.1190 | 1.1324 | 1.1630 | 1.1764 |
| Fibonacci | 1.0778 | 1.0946 | 1.1050 | 1.1218 | 1.1386 | 1.1490 | 1.1658 |
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): | 40.70 | |
| MACD (12,26,9): | 0.0029 | |
| Directional Movement: | -2.4524 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.1134 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1449 | |
| Elder Ray (13): | -0.0124 | |
| Super Trend (3,10): | 1.1405 | |
| Zig ZAG (10): | 1.0928 | |
| VORTEX (21): | 1.0288 | |
| Stochastique (14,3,5): | 23.66 | |
| TEMA (21): | 1.1154 | |
| Williams %R (14): | -98.61 | |
| Chande Momentum Oscillator (20): | -0.0217 | |
| Repulse (5,40,3): | -2.4602 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0693 | |
| Courbe Coppock: | 3.50 |
| MA7: | 1.1138 | |
| MA20: | 1.1081 | |
| MA50: | 1.1037 | |
| MA100: | 1.1066 | |
| MAexp7: | 1.1091 | |
| MAexp20: | 1.1091 | |
| MAexp50: | 1.1062 | |
| MAexp100: | 1.1066 | |
| Price / MA7: | -1.92% | |
| Price / MA20: | -1.42% | |
| Price / MA50: | -1.02% | |
| Price / MA100: | -1.28% | |
| Price / MAexp7: | -1.51% | |
| Price / MAexp20: | -1.51% | |
| Price / MAexp50: | -1.25% | |
| Price / MAexp100: | -1.28% |
News
The last news published on EUR/USD at the time of the generation of this analysis was as follows:
-
EUR/USD and GBP/USD Forecast March 18, 2020
-
US Dollar Price Action - Trade or Fade: EUR/USD, GBP/USD
-
EUR/USD Technical Analysis for March 18, 2020 by FXEmpire
-
EUR/USD and GBP/USD Forecast March 17, 2020
-
EUR/USD Technical Analysis for March 17, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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