EURO TETHER - EURT/USD - Daily - Technical analysis published on 10/07/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
17%
50%
My opinion
Bearish under 1.001500 USD
My targets
0.949733 USD (-2.86%)
0.919167 USD (-5.99%)
My analysis
The bearish trend is currently very strong for EURO TETHER - EURT/USD. As long as the price remains below the resistance at 1.001500 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.949733 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.919167 USD as an objective. Crossing it would then enable sellers to target 0.884533 USD. 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EURO TETHER - EURT/USD rating 0.977700 USD. The price is lower by -0.09% since the last closing and was traded between 0.976100 USD and 0.981000 USD over the period. The price is currently at +0.16% from its lowest and -0.34% from its highest.0.976100
0.981000
0.977700
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this EURO TETHER - EURT/USD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed 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 trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 9 are neutral and 3 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of channel
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.959300 | 0.977700 | 0.982300 | 1.001500 | 1.030000 |
| Change (%) | -1.88% | - | +0.47% | +2.43% | +5.35% |
| Change | -0.018400 | - | +0.004600 | +0.023800 | +0.052300 |
| Level | Minor | - | Major | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.958333 | 0.967867 | 0.973233 | 0.982767 | 0.988133 | 0.997667 | 1.003033 |
| Camarilla | 0.974503 | 0.975868 | 0.977234 | 0.978600 | 0.979966 | 0.981332 | 0.982698 |
| Woodie | 0.956250 | 0.966825 | 0.971150 | 0.981725 | 0.986050 | 0.996625 | 1.000950 |
| Fibonacci | 0.967867 | 0.973559 | 0.977075 | 0.982767 | 0.988459 | 0.991975 | 0.997667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.930133 | 0.941967 | 0.961033 | 0.972867 | 0.991933 | 1.003767 | 1.022833 |
| Camarilla | 0.971603 | 0.974435 | 0.977268 | 0.980100 | 0.982933 | 0.985765 | 0.988598 |
| Woodie | 0.933750 | 0.943775 | 0.964650 | 0.974675 | 0.995550 | 1.005575 | 1.026450 |
| Fibonacci | 0.941967 | 0.953771 | 0.961063 | 0.972867 | 0.984671 | 0.991963 | 1.003767 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.884533 | 0.919167 | 0.949733 | 0.984367 | 1.014933 | 1.049567 | 1.080133 |
| Camarilla | 0.962370 | 0.968347 | 0.974323 | 0.980300 | 0.986277 | 0.992253 | 0.998230 |
| Woodie | 0.882500 | 0.918150 | 0.947700 | 0.983350 | 1.012900 | 1.048550 | 1.078100 |
| Fibonacci | 0.919167 | 0.944073 | 0.959460 | 0.984367 | 1.009273 | 1.024660 | 1.049567 |
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): | 45.17 | |
| MACD (12,26,9): | -0.0030 | |
| Directional Movement: | -1.734012 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.978406 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.961098 | |
| Elder Ray (13): | -0.003545 | |
| Super Trend (3,10): | 0.959167 | |
| Zig ZAG (10): | 0.979000 | |
| VORTEX (21): | 0.9160 | |
| Stochastique (14,3,5): | 64.14 | |
| TEMA (21): | 0.980198 | |
| Williams %R (14): | -44.10 | |
| Chande Momentum Oscillator (20): | 0.010300 | |
| Repulse (5,40,3): | -0.4287 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0727 | |
| Courbe Coppock: | 0.35 |
| MA7: | 0.984143 | |
| MA20: | 0.980575 | |
| MA50: | 0.991640 | |
| MA100: | 1.005400 | |
| MAexp7: | 0.982451 | |
| MAexp20: | 0.983396 | |
| MAexp50: | 0.992250 | |
| MAexp100: | 1.007297 | |
| Price / MA7: | -0.65% | |
| Price / MA20: | -0.29% | |
| Price / MA50: | -1.41% | |
| Price / MA100: | -2.76% | |
| Price / MAexp7: | -0.48% | |
| Price / MAexp20: | -0.58% | |
| Price / MAexp50: | -1.47% | |
| Price / MAexp100: | -2.94% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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