EUR/USD - Daily - Technical analysis published on 09/25/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 1.1109 USD
My targets
1.1456 USD (+0.0263)
1.1723 USD (+0.0530)
My analysis
The bullish trend is currently very strong on EUR/USD. As long as the price remains above the support at 1.1109 USD, you could try to benefit from the boom. The first bullish objective is located at 1.1456 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.1723 USD as an objective. Crossing it would then enable buyers to target 1.2247 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.8
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Additional analysis
Quotes
The EUR/USD rating is 1.1193 USD. The price registered an increase of +0.02% on the session with the lowest point at 1.1185 USD and the highest point at 1.1199 USD. The deviation from the price is +0.07% for the low point and -0.05% for the high point.1.1185
1.1199
1.1193
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
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 | 1.0953 | 1.1109 | 1.1191 | 1.1193 | 1.1235 | 1.1456 | 1.1723 |
| Change (%) | -2.14% | -0.75% | -0.02% | - | +0.38% | +2.35% | +4.74% |
| Change | -0.0240 | -0.0084 | -0.0002 | - | +0.0042 | +0.0263 | +0.0530 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | 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 | 1.1044 | 1.1074 | 1.1132 | 1.1162 | 1.1220 | 1.1250 | 1.1308 |
| Camarilla | 1.1167 | 1.1175 | 1.1183 | 1.1191 | 1.1199 | 1.1207 | 1.1215 |
| Woodie | 1.1059 | 1.1081 | 1.1147 | 1.1169 | 1.1235 | 1.1257 | 1.1323 |
| Fibonacci | 1.1074 | 1.1107 | 1.1128 | 1.1162 | 1.1195 | 1.1216 | 1.1250 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0970 | 1.1019 | 1.1091 | 1.1140 | 1.1212 | 1.1261 | 1.1333 |
| Camarilla | 1.1130 | 1.1141 | 1.1152 | 1.1163 | 1.1174 | 1.1185 | 1.1196 |
| Woodie | 1.0982 | 1.1025 | 1.1103 | 1.1146 | 1.1224 | 1.1267 | 1.1345 |
| Fibonacci | 1.1019 | 1.1065 | 1.1094 | 1.1140 | 1.1186 | 1.1215 | 1.1261 |
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): | 62.67 | |
| MACD (12,26,9): | 0.0039 | |
| Directional Movement: | 7.1452 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 1.1161 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1061 | |
| Elder Ray (13): | 0.0063 | |
| Super Trend (3,10): | 1.1007 | |
| Zig ZAG (10): | 1.1195 | |
| VORTEX (21): | 1.0260 | |
| Stochastique (14,3,5): | 85.42 | |
| TEMA (21): | 1.1161 | |
| Williams %R (14): | -2.03 | |
| Chande Momentum Oscillator (20): | 0.0160 | |
| Repulse (5,40,3): | 0.6487 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0429 | |
| Courbe Coppock: | 1.38 |
| MA7: | 1.1151 | |
| MA20: | 1.1096 | |
| MA50: | 1.1017 | |
| MA100: | 1.0912 | |
| MAexp7: | 1.1152 | |
| MAexp20: | 1.1109 | |
| MAexp50: | 1.1032 | |
| MAexp100: | 1.0954 | |
| Price / MA7: | +0.38% | |
| Price / MA20: | +0.87% | |
| Price / MA50: | +1.60% | |
| Price / MA100: | +2.58% | |
| Price / MAexp7: | +0.37% | |
| Price / MAexp20: | +0.76% | |
| Price / MAexp50: | +1.46% | |
| Price / MAexp100: | +2.18% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/USD at the time of the generation of this analysis was as follows:
-
EUR/USD Forecast September 19, 2024
-
Euro Continues to Look to The Fed: EUR/USD Technical Analysis by Chris Lewis (09/18)
-
EUR/USD Forecast September 17, 2024
-
Weekly Technical Outlook on USDJPY, EURUSD and GBPUSD
-
Euro Sees Buyers on Dips: EUR/USD Technical Analysis by Chris Lewis for FX Empire (09/16)
This member declared not having a position on this financial instrument or a related financial instrument.
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