PREVIEW : EUR/USD - Daily / TECHNICAL ANALYSES

2 thg 5, 2020

MY OPINION
BULLISH ABOVE 1.0899 USD / TRENDS : Court terme: STRONGLY BULLISH / De fond: SLIGHTLY BULLISH

MY ANALYSIS:
The strong short-term increase for EUR/USD reinforces the current slightly bullish trend. As long as the price remains above 1.0899 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 1.1077 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.1170 USD as an objective. Crossing it would then enable buyers to target 1.1401 USD. A return to 1.0899 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

==> MY TARGETS
1.1077 USD (+0.0096)
1.1170 USD (+0.0189)

Additional analysis :
The EUR/USD price is 1.0981 USD. The price registered an increase of +0.33% on the session and was traded between 1.0934 USD and 1.1019 USD over the period. The price is currently at +0.43% from its lowest and -0.34% from its highest.

Technical:
A technical analysis in Daily of this EUR/USD chart shows a slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Indicators market scanner is currently detecting several bullish signals that could impact this trend.

Technical Indicators: 77.8% Buy // 22.2% neutral

RSI (14): 56.99 up
MACD (12,26,9): -0.0013 neutral
Directional Movement: 4.7069 neutral
AROON (14): 35.7143 neutral
DEMA (21): 1.0865 up
Parabolic SAR (0,02-0,02-0,2): 1.1064 up
Elder Ray (13): 0.0092 up
Super Trend (3,10): 1.1072 up
Zig ZAG (10): 1.0981 up
VORTEX (21): 1.0648 neutre
Stochastique (14,3,5): 75.28 up
TEMA (21): 1.0878 up
Williams %R (14): -13.01 up
Chande Momentum Oscillator (20): 0.0077 up
Repulse (5,40,3): 1.0600 up
ROCnROLL: 1 up
TRIX (15,9): -0.0406 up
Courbe Coppock: 0.37 up

Moving averages : 57.1% buy // 35.7% sell
MA7: 1.0865 Neutral
MA20: 1.0877 Neutral
MA50: 1.0964 Neutral
MA100: 1.1007 Neutral
MAexp7: 1.0897 Neutral
MAexp20: 1.0890 Neutral
MAexp50: 1.0932 Neutral
MAexp100: 1.0979 Neutral
Price / MA7: +1.07% Buy
Price / MA20: +0.96% Buy
Price / MA50: +0.16% Buy
Price / MA100: -0.24% Sell
Price / MAexp7: +0.77% Buy
Price / MAexp20: +0.84% Buy
Price / MAexp50: +0.45% Buy
Price / MAexp100: +0.02% Buy

BY: REDA EL HARAOUI