EUR/USD

- USD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURUSD
ISIN:

EUR/USD - Weekly - Technical analysis published on 08/04/2024 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 1.0693 USD

My targets

1.1235 USD (+0.0325)

1.1723 USD (+0.0813)

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 1.0693 USD. The buyers' bullish objective is set at 1.1235 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1723 USD. If there is any crossing, the next objective would be the resistance located at 1.2486 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

8.6

Comment on the analysis

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 Edd8011. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EUR/USD rating 1.0910 USD. The price is up +0.50% over 5 days and has been traded over the last 5 days between 1.0777 USD and 1.0927 USD. This implies that the 5 day price is +1.23% from its lowest point and -0.16% from its highest point.

1.0777

1.0927

1.0910

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

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

Technical analysis of EUR/USD in Weekly shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Weekly

In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.0477	1.0693	1.0907	1.0910	1.1235	1.1723	1.2486
Change (%)	-3.97%	-1.99%	-0.03%	-	+2.98%	+7.45%	+14.45%
Change	-0.0433	-0.0217	-0.0003	-	+0.0325	+0.0813	+0.1576
Level	Major	Major	Intermediate	-	Intermediate	Minor	Major

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	1.0673	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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	56.75
MACD (12,26,9):	0.0020
Directional Movement:	1.8740
AROON (14):	78.5714
DEMA (21):	1.0846
Parabolic SAR (0,02-0,02-0,2):	1.0722
Elder Ray (13):	0.0076
Super Trend (3,10):	1.0592
Zig ZAG (10):	1.0907
VORTEX (21):	1.0122
Stochastique (14,3,5):	81.46
TEMA (21):	1.0865
Williams %R (14):	-14.54
Chande Momentum Oscillator (20):	0.0039
Repulse (5,40,3):	0.6037
ROCnROLL:	1
TRIX (15,9):	0.0010
Courbe Coppock:	1.74

MA7:	1.0846
MA20:	1.0865
MA50:	1.0813
MA100:	1.0794
MAexp7:	1.0865
MAexp20:	1.0827
MAexp50:	1.0808
MAexp100:	1.0818
Price / MA7:	+0.59%
Price / MA20:	+0.41%
Price / MA50:	+0.90%
Price / MA100:	+1.07%
Price / MAexp7:	+0.41%
Price / MAexp20:	+0.77%
Price / MAexp50:	+0.94%
Price / MAexp100:	+0.85%

Quotes : - Real time data - 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:

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

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