EUR/USD - 15 min. - Technical analysis published on 06/24/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 1.0695 USD
My targets
1.0745 USD (+0.0007)
1.0768 USD (+0.0030)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/USD as long as the price remains well above 1.0695 USD. The buyers' bullish objective is set at 1.0745 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0768 USD. If there is any crossing, the next objective would be the resistance located at 1.0809 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8
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Additional analysis
Quotes
The EUR/USD rating is 1.0738 USD. The price has increased by +0.43% since the last closing and was between 1.0682 USD and 1.0741 USD. This implies that the price is at +0.52% from its lowest and at -0.03% from its highest.1.0682
1.0741
1.0738
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/USD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/USD in 15 min. shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0671 | 1.0698 | 1.0733 | 1.0738 | 1.0762 | 1.0809 | 1.0852 |
| Change (%) | -0.62% | -0.37% | -0.05% | - | +0.22% | +0.66% | +1.06% |
| Change | -0.0067 | -0.0040 | -0.0005 | - | +0.0024 | +0.0071 | +0.0114 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
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 | 1.0618 | 1.0645 | 1.0668 | 1.0695 | 1.0718 | 1.0745 | 1.0768 |
| Camarilla | 1.0678 | 1.0683 | 1.0687 | 1.0692 | 1.0697 | 1.0701 | 1.0706 |
| Woodie | 1.0617 | 1.0644 | 1.0667 | 1.0694 | 1.0717 | 1.0744 | 1.0767 |
| Fibonacci | 1.0645 | 1.0664 | 1.0676 | 1.0695 | 1.0714 | 1.0726 | 1.0745 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0564 | 1.0617 | 1.0655 | 1.0708 | 1.0746 | 1.0799 | 1.0837 |
| Camarilla | 1.0667 | 1.0675 | 1.0684 | 1.0692 | 1.0700 | 1.0709 | 1.0717 |
| Woodie | 1.0556 | 1.0613 | 1.0647 | 1.0704 | 1.0738 | 1.0795 | 1.0829 |
| Fibonacci | 1.0617 | 1.0652 | 1.0674 | 1.0708 | 1.0743 | 1.0765 | 1.0799 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0454 | 1.0552 | 1.0700 | 1.0798 | 1.0946 | 1.1044 | 1.1192 |
| Camarilla | 1.0781 | 1.0804 | 1.0827 | 1.0849 | 1.0872 | 1.0894 | 1.0917 |
| Woodie | 1.0480 | 1.0565 | 1.0726 | 1.0811 | 1.0972 | 1.1057 | 1.1218 |
| Fibonacci | 1.0552 | 1.0646 | 1.0704 | 1.0798 | 1.0892 | 1.0950 | 1.1044 |
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): | 68.71 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 18.9623 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 1.0735 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0725 | |
| Elder Ray (13): | 0.0008 | |
| Super Trend (3,10): | 1.0717 | |
| Zig ZAG (10): | 1.0738 | |
| VORTEX (21): | 1.1704 | |
| Stochastique (14,3,5): | 82.25 | |
| TEMA (21): | 1.0737 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.0016 | |
| Repulse (5,40,3): | 0.0920 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0101 | |
| Courbe Coppock: | 0.21 |
| MA7: | 1.0723 | |
| MA20: | 1.0790 | |
| MA50: | 1.0771 | |
| MA100: | 1.0796 | |
| MAexp7: | 1.0733 | |
| MAexp20: | 1.0725 | |
| MAexp50: | 1.0714 | |
| MAexp100: | 1.0707 | |
| Price / MA7: | +0.14% | |
| Price / MA20: | -0.48% | |
| Price / MA50: | -0.31% | |
| Price / MA100: | -0.54% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +0.29% |
Quotes :
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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 Daily Forecast and Technical Analysis for June 24, 2024, by Chris Lewis for FX Empire
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Trade of the week: Time to look at the Euro/Dollar pair?
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EUR/USD Long Term Forecast and Technical Analysis for June 21, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for June 21, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for June 20, 2024, by Chris Lewis for FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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