EUR/USD - 15 min. - Technical analysis published on 09/05/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 1.1072 USD
My targets
1.1127 USD (+0.0017)
1.1158 USD (+0.0048)
My analysis
EUR/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.1072 USD. The next resistance located at 1.1127 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.1158 USD. After this resistance, buyers could then target 1.1191 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
0
10
7.3
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This analysis was given by franciscorodrigues12. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.1110 USD. The price has increased by +0.27% since the last closing and was between 1.1074 USD and 1.1120 USD. This implies that the price is at +0.33% from its lowest and at -0.09% from its highest.1.1074
1.1120
1.1110
Here is a more detailed summary of the historical variations registered by EUR/USD:
Near a new HIGH record (1 year)
Type : Bullish
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 15 min. shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 15 minutes
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1055 | 1.1069 | 1.1108 | 1.1110 | 1.1150 | 1.1191 | 1.1235 |
| Change (%) | -0.50% | -0.37% | -0.02% | - | +0.36% | +0.73% | +1.13% |
| Change | -0.0055 | -0.0041 | -0.0002 | - | +0.0040 | +0.0081 | +0.0125 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Major | Intermediate |
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 | 1.0993 | 1.1017 | 1.1048 | 1.1072 | 1.1103 | 1.1127 | 1.1158 |
| Camarilla | 1.1065 | 1.1070 | 1.1075 | 1.1080 | 1.1085 | 1.1090 | 1.1095 |
| Woodie | 1.0998 | 1.1019 | 1.1053 | 1.1074 | 1.1108 | 1.1129 | 1.1163 |
| Fibonacci | 1.1017 | 1.1038 | 1.1051 | 1.1072 | 1.1093 | 1.1106 | 1.1127 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0835 | 1.0939 | 1.0993 | 1.1097 | 1.1151 | 1.1255 | 1.1309 |
| Camarilla | 1.1003 | 1.1017 | 1.1032 | 1.1046 | 1.1061 | 1.1075 | 1.1090 |
| Woodie | 1.0809 | 1.0927 | 1.0967 | 1.1085 | 1.1125 | 1.1243 | 1.1283 |
| Fibonacci | 1.0939 | 1.1000 | 1.1037 | 1.1097 | 1.1158 | 1.1195 | 1.1255 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0390 | 1.0583 | 1.0815 | 1.1008 | 1.1240 | 1.1433 | 1.1665 |
| Camarilla | 1.0929 | 1.0968 | 1.1007 | 1.1046 | 1.1085 | 1.1124 | 1.1163 |
| Woodie | 1.0409 | 1.0593 | 1.0834 | 1.1018 | 1.1259 | 1.1443 | 1.1684 |
| Fibonacci | 1.0583 | 1.0746 | 1.0846 | 1.1008 | 1.1171 | 1.1271 | 1.1433 |
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): | 53.67 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 10.4902 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 1.1106 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1099 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 1.1112 | |
| Zig ZAG (10): | 1.1104 | |
| VORTEX (21): | 1.2195 | |
| Stochastique (14,3,5): | 47.04 | |
| TEMA (21): | 1.1107 | |
| Williams %R (14): | -53.33 | |
| Chande Momentum Oscillator (20): | 0.0000 | |
| Repulse (5,40,3): | 0.0144 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0037 | |
| Courbe Coppock: | 0.17 |
| MA7: | 1.1079 | |
| MA20: | 1.1071 | |
| MA50: | 1.0940 | |
| MA100: | 1.0857 | |
| MAexp7: | 1.1106 | |
| MAexp20: | 1.1103 | |
| MAexp50: | 1.1097 | |
| MAexp100: | 1.1090 | |
| Price / MA7: | +0.28% | |
| Price / MA20: | +0.35% | |
| Price / MA50: | +1.55% | |
| Price / MA100: | +2.33% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +0.18% |
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 Forecast September 4, 2024
-
Euro Keeps Twisting and Turning: EUR/USD Forecast & Technical Analysis by Chris Lewis (September 02)
-
Technical Outlook on US dollar index, EURUSD, USDJPY
-
EUR/USD Forecast August 26, 2024
-
EUR/USD Pulls Back Slightly: Forecast & Technical Analysis by Chris Lewis (August 21)
This member declared not having a position on this financial instrument or a related financial instrument.
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