EUR/USD - 15 min. - Technical analysis published on 07/31/2024 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 1.0835 USD
My targets
1.0797 USD (-0.0020)
1.0779 USD (-0.0038)
My analysis
EUR/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.0835 USD. The next support located at 1.0797 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.0779 USD. Below this support, sellers could then target 1.0759 USD.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.9
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Additional analysis
Quotes
EUR/USD rating 1.0817 USD. On the day, this instrument gained +0.01% and was between 1.0806 USD and 1.0830 USD. This implies that the price is at +0.10% from its lowest and at -0.12% from its highest.1.0806
1.0830
1.0817
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 (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 15 min. of this EUR/USD chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 15 minutes
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0693 | 1.0798 | 1.0809 | 1.0817 | 1.0836 | 1.0870 | 1.0886 |
| Change (%) | -1.15% | -0.18% | -0.07% | - | +0.18% | +0.49% | +0.64% |
| Change | -0.0124 | -0.0019 | -0.0008 | - | +0.0019 | +0.0053 | +0.0069 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Major | Minor |
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 | 1.0759 | 1.0779 | 1.0797 | 1.0817 | 1.0835 | 1.0855 | 1.0873 |
| Camarilla | 1.0806 | 1.0809 | 1.0813 | 1.0816 | 1.0820 | 1.0823 | 1.0827 |
| Woodie | 1.0759 | 1.0779 | 1.0797 | 1.0817 | 1.0835 | 1.0855 | 1.0873 |
| Fibonacci | 1.0779 | 1.0793 | 1.0802 | 1.0817 | 1.0831 | 1.0840 | 1.0855 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0742 | 1.0783 | 1.0820 | 1.0861 | 1.0898 | 1.0939 | 1.0976 |
| Camarilla | 1.0835 | 1.0842 | 1.0849 | 1.0856 | 1.0863 | 1.0870 | 1.0878 |
| Woodie | 1.0739 | 1.0782 | 1.0817 | 1.0860 | 1.0895 | 1.0938 | 1.0973 |
| Fibonacci | 1.0783 | 1.0813 | 1.0832 | 1.0861 | 1.0891 | 1.0910 | 1.0939 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0364 | 1.0515 | 1.0614 | 1.0765 | 1.0864 | 1.1015 | 1.1114 |
| Camarilla | 1.0644 | 1.0667 | 1.0690 | 1.0713 | 1.0736 | 1.0759 | 1.0782 |
| Woodie | 1.0338 | 1.0502 | 1.0588 | 1.0752 | 1.0838 | 1.1002 | 1.1088 |
| Fibonacci | 1.0515 | 1.0611 | 1.0670 | 1.0765 | 1.0861 | 1.0920 | 1.1015 |
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): | 40.25 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -6.5931 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 1.0820 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0824 | |
| Elder Ray (13): | -0.0005 | |
| Super Trend (3,10): | 1.0835 | |
| Zig ZAG (10): | 1.0813 | |
| VORTEX (21): | 0.8862 | |
| Stochastique (14,3,5): | 33.09 | |
| TEMA (21): | 1.0817 | |
| Williams %R (14): | -88.24 | |
| Chande Momentum Oscillator (20): | -0.0013 | |
| Repulse (5,40,3): | -0.1193 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0003 | |
| Courbe Coppock: | 0.13 |
| MA7: | 1.0835 | |
| MA20: | 1.0858 | |
| MA50: | 1.0811 | |
| MA100: | 1.0795 | |
| MAexp7: | 1.0815 | |
| MAexp20: | 1.0821 | |
| MAexp50: | 1.0820 | |
| MAexp100: | 1.0821 | |
| Price / MA7: | -0.17% | |
| Price / MA20: | -0.38% | |
| Price / MA50: | +0.06% | |
| Price / MA100: | +0.20% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.04% |
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:
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EUR/USD Daily Forecast and Technical Analysis for July 30, 2024, by Chris Lewis for FX Empire
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Trade of the week: short EUR/USD
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EUR/USD Daily Forecast and Technical Analysis for July 29, 2024, by Chris Lewis for FX Empire
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EUR/USD Long Term Forecast and Technical Analysis for July 26, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for July 26, 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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