EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
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Type: Forex
Ticker: EURUSD
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EUR/USD - 15 min. - Technical analysis published on 07/10/2024 (GMT)

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  • Timeframe : 15 min.
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  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 1.0818 USD
My targets
1.0830 USD (+0.0008)
1.0847 USD (+0.0025)
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 1.0818 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 1.0818 USD. The next bullish objective for buyers is set at 1.0830 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0847 USD. If there is any crossing, the next objective would be the resistance located at 1.0859 USD. PS: if there is a bearish break in the support located at 1.0818 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.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
1.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Bench. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

EUR/USD rating 1.0822 USD. On the day, this instrument gained +0.07% and was between 1.0811 USD and 1.0829 USD. This implies that the price is at +0.10% from its lowest and at -0.06% from its highest.

1.0811
1.0829
1.0822

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of EUR/USD indicates that the overall trend is bullish. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 15 minutes


Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes



On the 18 technical indicators analysed, 4 are bullish, 7 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 15 minutes



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0708 1.0736 1.0809 1.0822 1.0843 1.0907 1.0952
Change (%) -1.05% -0.79% -0.12% - +0.19% +0.79% +1.20%
Change -0.0114 -0.0086 -0.0013 - +0.0021 +0.0085 +0.0130
Level Major Minor Major - Intermediate Major 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
Standard1.07721.07891.08011.08181.08301.08471.0859
Camarilla1.08061.08091.08111.08141.08171.08191.0822
Woodie1.07711.07881.08001.08171.08291.08461.0858
Fibonacci1.07891.08001.08071.08181.08291.08361.0847


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.06191.06651.07521.07981.08851.09311.1018
Camarilla1.08031.08161.08281.08401.08521.08641.0877
Woodie1.06411.06751.07741.08081.09071.09411.1040
Fibonacci1.06651.07161.07471.07981.08491.08801.0931


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.03641.05151.06141.07651.08641.10151.1114
Camarilla1.06441.06671.06901.07131.07361.07591.0782
Woodie1.03381.05021.05881.07521.08381.10021.1088
Fibonacci1.05151.06111.06701.07651.08611.09201.1015

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): 48.51
MACD (12,26,9): 0.0001
Directional Movement: 3.2829
AROON (14): -7.1429
DEMA (21): 1.0825
Parabolic SAR (0,02-0,02-0,2): 1.0821
Elder Ray (13): -0.0001
Super Trend (3,10): 1.0815
Zig ZAG (10): 1.0822
VORTEX (21): 0.9780
Stochastique (14,3,5): 37.04
TEMA (21): 1.0824
Williams %R (14): -88.89
Chande Momentum Oscillator (20): -0.0002
Repulse (5,40,3): -0.0342
ROCnROLL: 2
TRIX (15,9): 0.0013
Courbe Coppock: 0.01
MA7: 1.0808
MA20: 1.0750
MA50: 1.0792
MA100: 1.0795
MAexp7: 1.0824
MAexp20: 1.0824
MAexp50: 1.0822
MAexp100: 1.0821
Price / MA7: +0.13%
Price / MA20: +0.67%
Price / MA50: +0.28%
Price / MA100: +0.25%
Price / MAexp7: -0.02%
Price / MAexp20: -0.02%
Price / MAexp50: -0%
Price / MAexp100: +0.01%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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