EUR/USD - 15 min. - Technical analysis published on 08/04/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 1.0873 USD
My targets
1.0963 USD (+0.0054)
1.1018 USD (+0.0109)
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 1.0873 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 1.0873 USD. The next bullish objective for buyers is set at 1.0963 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1018 USD. If there is any crossing, the next objective would be the resistance located at 1.1108 USD. PS: if there is a bearish break in the support located at 1.0873 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
2.7
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Additional analysis
Quotes
The EUR/USD price is 1.0909 USD. The price registered an increase of +0.00% on the session and was between 1.0908 USD and 1.0926 USD. This implies that the price is at +0.01% from its lowest and at -0.16% from its highest.1.0908
1.0926
1.0909
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this EUR/USD chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 15 minutes
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
Momentum indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
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 these results:
Near horizontal support
Type : Bullish
Timeframe : 15 minutes
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0850 | 1.0870 | 1.0907 | 1.0909 | 1.0927 | 1.0953 | 1.1004 |
| Change (%) | -0.54% | -0.36% | -0.02% | - | +0.17% | +0.40% | +0.87% |
| Change | -0.0059 | -0.0039 | -0.0002 | - | +0.0018 | +0.0044 | +0.0095 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | 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 | 1.0673 | 1.0728 | 1.0818 | 1.0873 | 1.0963 | 1.1018 | 1.1108 |
| Camarilla | 1.0869 | 1.0882 | 1.0896 | 1.0909 | 1.0922 | 1.0936 | 1.0949 |
| Woodie | 1.0692 | 1.0737 | 1.0837 | 1.0882 | 1.0982 | 1.1027 | 1.1127 |
| Fibonacci | 1.0728 | 1.0783 | 1.0817 | 1.0873 | 1.0928 | 1.0962 | 1.1018 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0665 | 1.0721 | 1.0815 | 1.0871 | 1.0965 | 1.1021 | 1.1115 |
| Camarilla | 1.0868 | 1.0882 | 1.0895 | 1.0909 | 1.0923 | 1.0937 | 1.0950 |
| Woodie | 1.0684 | 1.0731 | 1.0834 | 1.0881 | 1.0984 | 1.1031 | 1.1134 |
| Fibonacci | 1.0721 | 1.0778 | 1.0814 | 1.0871 | 1.0928 | 1.0964 | 1.1021 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0469 | 1.0589 | 1.0707 | 1.0827 | 1.0945 | 1.1065 | 1.1183 |
| Camarilla | 1.0759 | 1.0780 | 1.0802 | 1.0824 | 1.0846 | 1.0868 | 1.0890 |
| Woodie | 1.0467 | 1.0589 | 1.0705 | 1.0827 | 1.0943 | 1.1065 | 1.1181 |
| Fibonacci | 1.0589 | 1.0680 | 1.0736 | 1.0827 | 1.0918 | 1.0974 | 1.1065 |
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): | 48.97 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | -0.3903 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 1.0924 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0926 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 1.0907 | |
| Zig ZAG (10): | 1.0912 | |
| VORTEX (21): | 0.8803 | |
| Stochastique (14,3,5): | 55.56 | |
| TEMA (21): | 1.0918 | |
| Williams %R (14): | -83.33 | |
| Chande Momentum Oscillator (20): | -0.0002 | |
| Repulse (5,40,3): | -0.0961 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0088 | |
| Courbe Coppock: | 0.14 |
| MA7: | 1.0846 | |
| MA20: | 1.0865 | |
| MA50: | 1.0814 | |
| MA100: | 1.0794 | |
| MAexp7: | 1.0917 | |
| MAexp20: | 1.0916 | |
| MAexp50: | 1.0896 | |
| MAexp100: | 1.0867 | |
| Price / MA7: | +0.58% | |
| Price / MA20: | +0.40% | |
| Price / MA50: | +0.88% | |
| Price / MA100: | +1.07% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +0.39% |
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 Long Term Forecast and Technical Analysis for August 02, 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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