EUR/USD - 15 min. - Technical analysis published on 09/10/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 1.1053 USD
My targets
1.1016 USD (-0.0004)
1.0996 USD (-0.0024)
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 1.1053 USD. The next support located at 1.1016 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 1.0996 USD. Below this support, sellers could then target 1.0959 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
7.9
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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 1.1020 USD. On the day, this instrument lost -0.14% and was between 1.1015 USD and 1.1050 USD. This implies that the price is at +0.05% from its lowest and at -0.27% from its highest.1.1015
1.1050
1.1020
A study of price movements over other periods shows the following variations:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of EUR/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : 15 minutes
In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
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
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of 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 | 1.0635 | 1.0786 | 1.0952 | 1.1020 | 1.1046 | 1.1069 | 1.1108 |
| Change (%) | -3.49% | -2.12% | -0.62% | - | +0.24% | +0.44% | +0.80% |
| Change | -0.0385 | -0.0234 | -0.0068 | - | +0.0026 | +0.0049 | +0.0088 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0959 | 1.0996 | 1.1016 | 1.1053 | 1.1073 | 1.1110 | 1.1130 |
| Camarilla | 1.1019 | 1.1025 | 1.1030 | 1.1035 | 1.1040 | 1.1046 | 1.1051 |
| Woodie | 1.0950 | 1.0992 | 1.1007 | 1.1049 | 1.1064 | 1.1106 | 1.1121 |
| Fibonacci | 1.0996 | 1.1018 | 1.1032 | 1.1053 | 1.1075 | 1.1089 | 1.1110 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0892 | 1.0959 | 1.1022 | 1.1089 | 1.1152 | 1.1219 | 1.1282 |
| Camarilla | 1.1049 | 1.1061 | 1.1073 | 1.1085 | 1.1097 | 1.1109 | 1.1121 |
| Woodie | 1.0890 | 1.0958 | 1.1020 | 1.1088 | 1.1150 | 1.1218 | 1.1280 |
| Fibonacci | 1.0959 | 1.1009 | 1.1039 | 1.1089 | 1.1139 | 1.1169 | 1.1219 |
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): | 40.20 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -13.2934 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 1.1021 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1028 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 1.1029 | |
| Zig ZAG (10): | 1.1020 | |
| VORTEX (21): | 0.9444 | |
| Stochastique (14,3,5): | 16.67 | |
| TEMA (21): | 1.1021 | |
| Williams %R (14): | -80.00 | |
| Chande Momentum Oscillator (20): | -0.0006 | |
| Repulse (5,40,3): | -0.0102 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0018 | |
| Courbe Coppock: | 0.06 |
| MA7: | 1.1064 | |
| MA20: | 1.1086 | |
| MA50: | 1.0959 | |
| MA100: | 1.0869 | |
| MAexp7: | 1.1021 | |
| MAexp20: | 1.1023 | |
| MAexp50: | 1.1027 | |
| MAexp100: | 1.1033 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | -0.60% | |
| Price / MA50: | +0.56% | |
| Price / MA100: | +1.39% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.12% |
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 Looks for Direction: Forecast & Technical Analysis by Chris Lewis (September 10)
-
What's Behind the Euro’s Dive?: EUR/USD Technical Analysis for by Chris Lewis for FX Empire (09/09)
-
Technical Outlook on EURUSD, USDJPY, GBPUSD
-
EUR/USD Forecast September 4, 2024
-
Euro Keeps Twisting and Turning: EUR/USD Forecast & Technical Analysis by Chris Lewis (September 02)
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