EUR/USD
1.1051
USD
(+1.35%)
04/03/2025 - 21:48
Open Real time data - Forex
| Open: | 1.0904 |
| Change: | +0.0147 |
| Volume: | 149,297 |
| Low: | 1.0880 |
| High: | 1.1147 |
| High / Low range: | 0.0267 |
| Type: | Forex |
| Ticker: | EURUSD |
| ISIN: |
EUR/USD - Weekly - Technical analysis published on 05/17/2023 (GMT)
- 113
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- 05/17/2023 - 15:56
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- Timeframe : Weekly
- - Analysis generated on 05/17/2023 - 15:56
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
50%
6%
44%
My opinion
Bullish above 1.0638 USD
My targets
1.1011 USD (+0.0181)
1.1561 USD (+0.0731)
My analysis
The current short-term bullish acceleration on EUR/USD should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 1.0638 USD. Short-term buyers will use the resistance located at 1.1011 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 1.1561 USD. Crossing this resistance would then open the door for buyers to target 1.1950 USD. Caution, if there is a return to under 1.0638 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
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
3.2
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This analysis was given by Serghei71. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.0830 USD. The price is lower by -1.39% over the 5 days with the lowest point at 1.0810 USD and the highest point at 1.0905 USD. The deviation from the price is +0.19% for the low point and -0.69% for the high point.1.0810
1.0905
1.0830
Here is a more detailed summary of the historical variations registered by EUR/USD:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this EUR/USD chart shows a neutral trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Three black crows
Type : Bearish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0129 | 1.0378 | 1.0638 | 1.0830 | 1.1011 | 1.1561 | 1.1950 |
| Change (%) | -6.47% | -4.17% | -1.77% | - | +1.67% | +6.75% | +10.34% |
| Change | -0.0701 | -0.0452 | -0.0192 | - | +0.0181 | +0.0731 | +0.1120 |
| Level | Minor | Minor | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0795 | 1.0825 | 1.0845 | 1.0875 | 1.0895 | 1.0925 | 1.0945 |
| Camarilla | 1.0851 | 1.0856 | 1.0860 | 1.0865 | 1.0870 | 1.0874 | 1.0879 |
| Woodie | 1.0790 | 1.0823 | 1.0840 | 1.0873 | 1.0890 | 1.0923 | 1.0940 |
| Fibonacci | 1.0825 | 1.0844 | 1.0856 | 1.0875 | 1.0894 | 1.0906 | 1.0925 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0575 | 1.0711 | 1.0781 | 1.0917 | 1.0987 | 1.1123 | 1.1193 |
| Camarilla | 1.0793 | 1.0812 | 1.0831 | 1.0850 | 1.0869 | 1.0888 | 1.0907 |
| Woodie | 1.0541 | 1.0695 | 1.0747 | 1.0901 | 1.0953 | 1.1107 | 1.1159 |
| Fibonacci | 1.0711 | 1.0790 | 1.0839 | 1.0917 | 1.0996 | 1.1045 | 1.1123 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0532 | 1.0660 | 1.0840 | 1.0968 | 1.1148 | 1.1276 | 1.1456 |
| Camarilla | 1.0935 | 1.0964 | 1.0992 | 1.1020 | 1.1048 | 1.1077 | 1.1105 |
| Woodie | 1.0558 | 1.0673 | 1.0866 | 1.0981 | 1.1174 | 1.1289 | 1.1482 |
| Fibonacci | 1.0660 | 1.0778 | 1.0850 | 1.0968 | 1.1086 | 1.1158 | 1.1276 |
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): | 55.81 | |
| MACD (12,26,9): | 0.0124 | |
| Directional Movement: | 8.2851 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 1.0941 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0713 | |
| Elder Ray (13): | 0.0014 | |
| Super Trend (3,10): | 1.0467 | |
| Zig ZAG (10): | 1.0830 | |
| VORTEX (21): | 1.0641 | |
| Stochastique (14,3,5): | 66.09 | |
| TEMA (21): | 1.1017 | |
| Williams %R (14): | -46.03 | |
| Chande Momentum Oscillator (20): | 0.0282 | |
| Repulse (5,40,3): | -1.7958 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1922 | |
| Courbe Coppock: | 3.56 |
| MA7: | 1.0897 | |
| MA20: | 1.0973 | |
| MA50: | 1.0889 | |
| MA100: | 1.0808 | |
| MAexp7: | 1.0893 | |
| MAexp20: | 1.0776 | |
| MAexp50: | 1.0687 | |
| MAexp100: | 1.0846 | |
| Price / MA7: | -0.61% | |
| Price / MA20: | -1.30% | |
| Price / MA50: | -0.54% | |
| Price / MA100: | +0.20% | |
| Price / MAexp7: | -0.58% | |
| Price / MAexp20: | +0.50% | |
| Price / MAexp50: | +1.34% | |
| Price / MAexp100: | -0.15% |
Quotes :
05/17/2023 - 15:56
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Real time data
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Forex
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:
-
05/17/2023 - 13:17
EUR/USD Technical Analysis for May 18, 2023 by FXEmpire
-
05/16/2023 - 15:15
EUR/USD Forecast May 17, 2023
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05/16/2023 - 12:59
EUR/USD Technical Analysis for May 17, 2023 by FXEmpire
-
05/15/2023 - 15:40
EUR/USD Forecast May 16, 2023
-
05/15/2023 - 13:16
EUR/USD Technical Analysis for May 16, 2023 by FXEmpire
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