EUR/USD - 15 min. - Technical analysis published on 09/11/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 1.1028 USD
My targets
1.1007 USD (-0.0006)
1.0993 USD (-0.0020)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/USD as long as the price remains well below 1.1028 USD. The sellers' bearish objective is set at 1.1007 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0993 USD. In case of crossing, the next objective would be the support located at 1.0972 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
7.3
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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 1.1013 USD. On the day, this instrument lost -0.06% and was traded between 1.1002 USD and 1.1055 USD over the period. The price is currently at +0.10% from its lowest and -0.38% from its highest.1.1002
1.1055
1.1013
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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
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 | 1.0708 | 1.0786 | 1.0952 | 1.1013 | 1.1015 | 1.1046 | 1.1069 |
| Change (%) | -2.77% | -2.06% | -0.55% | - | +0.02% | +0.30% | +0.51% |
| Change | -0.0305 | -0.0227 | -0.0061 | - | +0.0002 | +0.0033 | +0.0056 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0972 | 1.0993 | 1.1007 | 1.1028 | 1.1042 | 1.1063 | 1.1077 |
| Camarilla | 1.1010 | 1.1014 | 1.1017 | 1.1020 | 1.1023 | 1.1026 | 1.1030 |
| Woodie | 1.0968 | 1.0991 | 1.1003 | 1.1026 | 1.1038 | 1.1061 | 1.1073 |
| Fibonacci | 1.0993 | 1.1007 | 1.1015 | 1.1028 | 1.1042 | 1.1050 | 1.1063 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.21 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -5.4564 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.1013 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1024 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 1.1025 | |
| Zig ZAG (10): | 1.1014 | |
| VORTEX (21): | 0.9877 | |
| Stochastique (14,3,5): | 19.61 | |
| TEMA (21): | 1.1014 | |
| Williams %R (14): | -76.47 | |
| Chande Momentum Oscillator (20): | -0.0009 | |
| Repulse (5,40,3): | 0.0106 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0026 | |
| Courbe Coppock: | 0.11 |
| MA7: | 1.1056 | |
| MA20: | 1.1086 | |
| MA50: | 1.0964 | |
| MA100: | 1.0872 | |
| MAexp7: | 1.1014 | |
| MAexp20: | 1.1016 | |
| MAexp50: | 1.1021 | |
| MAexp100: | 1.1026 | |
| Price / MA7: | -0.39% | |
| Price / MA20: | -0.66% | |
| Price / MA50: | +0.45% | |
| Price / MA100: | +1.30% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.12% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on EUR/USD at the time of the analysis were as follows:
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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)
This member declared not having a position on this financial instrument or a related financial instrument.
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