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
1.1235 USD (+0.0048)
1.1456 USD (+0.0269)
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 1.1235 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.1456 USD as an objective. Crossing it would then enable buyers to target 1.1723 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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Additional analysis
Quotes
The EUR/USD rating is 1.1187 USD. On the day, this instrument lost -0.04% and was traded between 1.1184 USD and 1.1199 USD over the period. The price is currently at +0.03% from its lowest and -0.11% from its highest.1.1184
1.1199
1.1187
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
Technical analysis of EUR/USD in Daily shows a strongly overall 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. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
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
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
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 | 1.0861 | 1.0953 | 1.1109 | 1.1187 | 1.1191 | 1.1235 | 1.1456 |
| Change (%) | -2.91% | -2.09% | -0.70% | - | +0.04% | +0.43% | +2.40% |
| Change | -0.0326 | -0.0234 | -0.0078 | - | +0.0004 | +0.0048 | +0.0269 |
| Level | Minor | Intermediate | Intermediate | - | Major | 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 | 1.1044 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.05 | |
| MACD (12,26,9): | 0.0039 | |
| Directional Movement: | 7.1452 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 1.1160 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1061 | |
| Elder Ray (13): | 0.0064 | |
| Super Trend (3,10): | 1.1007 | |
| Zig ZAG (10): | 1.1189 | |
| VORTEX (21): | 1.0260 | |
| Stochastique (14,3,5): | 84.40 | |
| TEMA (21): | 1.1160 | |
| Williams %R (14): | -5.58 | |
| Chande Momentum Oscillator (20): | 0.0154 | |
| Repulse (5,40,3): | 0.5414 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0427 | |
| Courbe Coppock: | 1.35 |
| MA7: | 1.1150 | |
| MA20: | 1.1096 | |
| MA50: | 1.1017 | |
| MA100: | 1.0912 | |
| MAexp7: | 1.1151 | |
| MAexp20: | 1.1108 | |
| MAexp50: | 1.1032 | |
| MAexp100: | 1.0954 | |
| Price / MA7: | +0.33% | |
| Price / MA20: | +0.82% | |
| Price / MA50: | +1.54% | |
| Price / MA100: | +2.52% | |
| Price / MAexp7: | +0.32% | |
| Price / MAexp20: | +0.71% | |
| Price / MAexp50: | +1.41% | |
| Price / MAexp100: | +2.13% |
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:
-
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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