EUR/USD - 15 min. - Technical analysis published on 09/12/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 1.1022 USD
My targets
1.1096 USD (+0.0023)
1.1108 USD (+0.0035)
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 1.1022 USD. The buyers' bullish objective is set at 1.1096 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1108 USD. If there is any crossing, the next objective would be the resistance located at 1.1120 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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This analysis was given by franciscorodrigues12. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD price is 1.1073 USD. The price registered an increase of +0.57% on the session with the lowest point at 1.1005 USD and the highest point at 1.1076 USD. The deviation from the price is +0.62% for the low point and -0.03% for the high point.1.1005
1.1076
1.1073
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this EUR/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 15 minutes
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.1002 | 1.1026 | 1.1046 | 1.1073 | 1.1108 | 1.1120 | 1.1156 |
Change (%) | -0.64% | -0.42% | -0.24% | - | +0.32% | +0.42% | +0.75% |
Change | -0.0071 | -0.0047 | -0.0027 | - | +0.0035 | +0.0047 | +0.0083 |
Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor | 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 | 1.0937 | 1.0969 | 1.0990 | 1.1022 | 1.1043 | 1.1075 | 1.1096 |
Camarilla | 1.0995 | 1.1000 | 1.1005 | 1.1010 | 1.1015 | 1.1020 | 1.1025 |
Woodie | 1.0931 | 1.0966 | 1.0984 | 1.1019 | 1.1037 | 1.1072 | 1.1090 |
Fibonacci | 1.0969 | 1.0990 | 1.1002 | 1.1022 | 1.1043 | 1.1055 | 1.1075 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 69.67 | |
MACD (12,26,9): | 0.0008 | |
Directional Movement: | 20.1777 | |
AROON (14): | 85.7143 | |
DEMA (21): | 1.1077 | |
Parabolic SAR (0,02-0,02-0,2): | 1.1076 | |
Elder Ray (13): | 0.0002 | |
Super Trend (3,10): | 1.1061 | |
Zig ZAG (10): | 1.1073 | |
VORTEX (21): | 1.2979 | |
Stochastique (14,3,5): | 76.34 | |
TEMA (21): | 1.1078 | |
Williams %R (14): | -23.08 | |
Chande Momentum Oscillator (20): | 0.0003 | |
Repulse (5,40,3): | 0.0001 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0121 | |
Courbe Coppock: | 0.23 |
MA7: | 1.1059 | |
MA20: | 1.1091 | |
MA50: | 1.0969 | |
MA100: | 1.0875 | |
MAexp7: | 1.1072 | |
MAexp20: | 1.1066 | |
MAexp50: | 1.1051 | |
MAexp100: | 1.1040 | |
Price / MA7: | +0.13% | |
Price / MA20: | -0.16% | |
Price / MA50: | +0.95% | |
Price / MA100: | +1.82% | |
Price / MAexp7: | +0.01% | |
Price / MAexp20: | +0.06% | |
Price / MAexp50: | +0.20% | |
Price / MAexp100: | +0.30% |
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:
- Euro Sits on a Mayor Level: EUR/USD Technical Analysis for by Chris Lewis for FX Empire (09/12)
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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