EUR/USD - 15 min. - Technical analysis published on 10/24/2023 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 1.0640 USD
My targets
1.0708 USD (+0.0029)
1.0747 USD (+0.0068)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.0640 USD remains possible. It is advisable to trade EUR/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.0640 USD. The next bullish objective for buyers is set at 1.0708 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0747 USD. If there is any crossing, the next objective would be the resistance located at 1.0815 USD. PS: if there is a bearish break in the support located at 1.0640 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.5
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Additional analysis
Quotes
The EUR/USD price is 1.0679 USD. On the day, this instrument gained +0.08% and was between 1.0667 USD and 1.0688 USD. This implies that the price is at +0.11% from its lowest and at -0.08% from its highest.1.0667
1.0688
1.0679
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this EUR/USD chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 15 minutes
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 15 minutes
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 | 1.0595 | 1.0638 | 1.0678 | 1.0679 | 1.0927 | 1.1069 | 1.1229 |
| Change (%) | -0.79% | -0.38% | -0.01% | - | +2.32% | +3.65% | +5.15% |
| Change | -0.0084 | -0.0041 | -0.0001 | - | +0.0248 | +0.0390 | +0.0550 |
| Level | Intermediate | Major | Intermediate | - | Minor | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0494 | 1.0533 | 1.0601 | 1.0640 | 1.0708 | 1.0747 | 1.0815 |
| Camarilla | 1.0641 | 1.0650 | 1.0660 | 1.0670 | 1.0680 | 1.0690 | 1.0699 |
| Woodie | 1.0510 | 1.0540 | 1.0617 | 1.0647 | 1.0724 | 1.0754 | 1.0831 |
| Fibonacci | 1.0533 | 1.0574 | 1.0599 | 1.0640 | 1.0681 | 1.0706 | 1.0747 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0417 | 1.0462 | 1.0528 | 1.0573 | 1.0639 | 1.0684 | 1.0750 |
| Camarilla | 1.0565 | 1.0575 | 1.0585 | 1.0595 | 1.0605 | 1.0615 | 1.0626 |
| Woodie | 1.0429 | 1.0467 | 1.0540 | 1.0578 | 1.0651 | 1.0689 | 1.0762 |
| Fibonacci | 1.0462 | 1.0504 | 1.0530 | 1.0573 | 1.0615 | 1.0641 | 1.0684 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0019 | 1.0254 | 1.0413 | 1.0648 | 1.0807 | 1.1042 | 1.1201 |
| Camarilla | 1.0465 | 1.0501 | 1.0537 | 1.0573 | 1.0609 | 1.0645 | 1.0681 |
| Woodie | 0.9982 | 1.0235 | 1.0376 | 1.0629 | 1.0770 | 1.1023 | 1.1164 |
| Fibonacci | 1.0254 | 1.0404 | 1.0497 | 1.0648 | 1.0798 | 1.0891 | 1.1042 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.15 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 16.5236 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 1.0683 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0687 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 1.0670 | |
| Zig ZAG (10): | 1.0678 | |
| VORTEX (21): | 1.1053 | |
| Stochastique (14,3,5): | 49.80 | |
| TEMA (21): | 1.0681 | |
| Williams %R (14): | -76.92 | |
| Chande Momentum Oscillator (20): | -0.0007 | |
| Repulse (5,40,3): | -0.0349 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0054 | |
| Courbe Coppock: | 0.10 |
| MA7: | 1.0599 | |
| MA20: | 1.0564 | |
| MA50: | 1.0680 | |
| MA100: | 1.0826 | |
| MAexp7: | 1.0680 | |
| MAexp20: | 1.0679 | |
| MAexp50: | 1.0668 | |
| MAexp100: | 1.0648 | |
| Price / MA7: | +0.75% | |
| Price / MA20: | +1.09% | |
| Price / MA50: | -0.01% | |
| Price / MA100: | -1.36% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.29% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on EUR/USD at the time of the analysis were as follows:
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EUR/USD Technical Analysis for September 14, 2023 by FXEmpire
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EUR/USD Technical Analysis for September 12, 2023 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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