EUR/USD - Daily - Technical analysis published on 06/30/2024 (GMT)
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- 0
- Timeframe : Daily
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under
My targets
()
()
My analysis
The bearish trend is currently very strong for EUR/USD. As long as the price remains below the resistance at , you could try to take advantage of the bearish rally. The first bearish objective is located at . The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at as an objective. Crossing it would then enable sellers to target . 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.0713 USD. The price has increased by +0.05% since the last closing and was between 1.0685 USD and 1.0725 USD. This implies that the price is at +0.26% from its lowest and at -0.11% from its highest.1.0685
1.0725
1.0713
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 (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this EUR/USD chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 5 are bullish, 3 are neutral and 10 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of channel
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
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 | 1.0564 | 1.0621 | 1.0707 | 1.0713 | 1.0809 | 1.0953 | 1.1004 |
| Change (%) | -1.39% | -0.86% | -0.06% | - | +0.90% | +2.24% | +2.72% |
| Change | -0.0149 | -0.0092 | -0.0006 | - | +0.0096 | +0.0240 | +0.0291 |
| Level | Minor | Major | Major | - | Minor | Major | Minor |
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 | 1.0650 | 1.0668 | 1.0690 | 1.0708 | 1.0730 | 1.0748 | 1.0770 |
| Camarilla | 1.0702 | 1.0706 | 1.0709 | 1.0713 | 1.0717 | 1.0720 | 1.0724 |
| Woodie | 1.0653 | 1.0669 | 1.0693 | 1.0709 | 1.0733 | 1.0749 | 1.0773 |
| Fibonacci | 1.0668 | 1.0683 | 1.0692 | 1.0708 | 1.0723 | 1.0732 | 1.0748 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0589 | 1.0628 | 1.0670 | 1.0709 | 1.0751 | 1.0790 | 1.0832 |
| Camarilla | 1.0691 | 1.0698 | 1.0706 | 1.0713 | 1.0720 | 1.0728 | 1.0735 |
| Woodie | 1.0592 | 1.0629 | 1.0673 | 1.0710 | 1.0754 | 1.0791 | 1.0835 |
| Fibonacci | 1.0628 | 1.0659 | 1.0678 | 1.0709 | 1.0740 | 1.0759 | 1.0790 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.19 | |
| MACD (12,26,9): | -0.0029 | |
| Directional Movement: | -6.5840 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 1.0712 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0753 | |
| Elder Ray (13): | -0.0024 | |
| Super Trend (3,10): | 1.0866 | |
| Zig ZAG (10): | 1.0713 | |
| VORTEX (21): | 0.9224 | |
| Stochastique (14,3,5): | 17.79 | |
| TEMA (21): | 1.0688 | |
| Williams %R (14): | -74.73 | |
| Chande Momentum Oscillator (20): | -0.0100 | |
| Repulse (5,40,3): | 0.1157 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0305 | |
| Courbe Coppock: | 2.05 |
| MA7: | 1.0706 | |
| MA20: | 1.0764 | |
| MA50: | 1.0776 | |
| MA100: | 1.0793 | |
| MAexp7: | 1.0712 | |
| MAexp20: | 1.0746 | |
| MAexp50: | 1.0773 | |
| MAexp100: | 1.0791 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | -0.47% | |
| Price / MA50: | -0.58% | |
| Price / MA100: | -0.74% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.31% | |
| Price / MAexp50: | -0.56% | |
| Price / MAexp100: | -0.72% |
Quotes :
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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:
-
EUR/USD Long Term Forecast and Technical Analysis for June 28, 2024, by Chris Lewis for FX Empire
-
EUR/USD Daily Forecast and Technical Analysis for June 28, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for June 27, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for June 26, 2024, by Chris Lewis for FX Empire
-
EUR/USD Daily Forecast and Technical Analysis for June 25, 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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