EUR/USD - Weekly - Technical analysis published on 10/21/2024 (GMT)
- 121
- 0
- Timeframe : Weekly
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Neutral
Technical indicators
28%
39%
33%
My opinion
Neutral between 1.0635 USD and 1.1235 USD
My targets
-
My analysis
The basic trend is neutral and the short term is tentatively bearish. With such a pattern, it is difficult to favour buying or selling. The first support is located at 1.0635 USD. The first resistance is located at 1.1235 USD. However, the probabilities of moving towards the first support before the first resistance are slightly higher. Without a basic trend, it is important to monitor the price response at these levels. A bearish break in the support or a bullish break in the resistance could provide a signal that would set the new direction of the basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement recorded by EUR/USD.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by shadybhai. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD rating is 1.0848 USD. The price is lower by -0.56% over the 5 days and has been traded over the last 5 days between 1.0811 USD and 1.0874 USD. This implies that the 5 day price is +0.34% from its lowest point and -0.24% from its highest point.1.0811
1.0874
1.0848
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this EUR/USD chart shows a neutral trend. This indecision could turn into a bearish trend due to the slightly bearish signals currently given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Weekly
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 6 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : Weekly
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 | 0.9596 | 1.0129 | 1.0635 | 1.0848 | 1.1235 | 1.1456 | 1.1723 |
| Change (%) | -11.54% | -6.63% | -1.96% | - | +3.57% | +5.60% | +8.07% |
| Change | -0.1252 | -0.0719 | -0.0213 | - | +0.0387 | +0.0608 | +0.0875 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0798 | 1.0812 | 1.0840 | 1.0854 | 1.0882 | 1.0896 | 1.0924 |
| Camarilla | 1.0856 | 1.0859 | 1.0863 | 1.0867 | 1.0871 | 1.0875 | 1.0879 |
| Woodie | 1.0804 | 1.0816 | 1.0846 | 1.0858 | 1.0888 | 1.0900 | 1.0930 |
| Fibonacci | 1.0812 | 1.0828 | 1.0838 | 1.0854 | 1.0870 | 1.0880 | 1.0896 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0680 | 1.0746 | 1.0806 | 1.0872 | 1.0932 | 1.0998 | 1.1058 |
| Camarilla | 1.0832 | 1.0844 | 1.0856 | 1.0867 | 1.0879 | 1.0890 | 1.0902 |
| Woodie | 1.0678 | 1.0745 | 1.0804 | 1.0871 | 1.0930 | 1.0997 | 1.1056 |
| Fibonacci | 1.0746 | 1.0794 | 1.0824 | 1.0872 | 1.0920 | 1.0950 | 1.0998 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0809 | 1.0906 | 1.1021 | 1.1118 | 1.1233 | 1.1330 | 1.1445 |
| Camarilla | 1.1079 | 1.1098 | 1.1118 | 1.1137 | 1.1156 | 1.1176 | 1.1195 |
| Woodie | 1.0819 | 1.0911 | 1.1031 | 1.1123 | 1.1243 | 1.1335 | 1.1455 |
| Fibonacci | 1.0906 | 1.0987 | 1.1037 | 1.1118 | 1.1199 | 1.1249 | 1.1330 |
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): | 45.01 | |
| MACD (12,26,9): | 0.0034 | |
| Directional Movement: | -1.8505 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 1.0999 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1185 | |
| Elder Ray (13): | -0.0106 | |
| Super Trend (3,10): | 1.0770 | |
| Zig ZAG (10): | 1.0845 | |
| VORTEX (21): | 1.0214 | |
| Stochastique (14,3,5): | 24.41 | |
| TEMA (21): | 1.1004 | |
| Williams %R (14): | -83.98 | |
| Chande Momentum Oscillator (20): | -0.0062 | |
| Repulse (5,40,3): | -1.1748 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0756 | |
| Courbe Coppock: | 2.80 |
| MA7: | 1.0876 | |
| MA20: | 1.0994 | |
| MA50: | 1.1051 | |
| MA100: | 1.0936 | |
| MAexp7: | 1.0953 | |
| MAexp20: | 1.0948 | |
| MAexp50: | 1.0885 | |
| MAexp100: | 1.0862 | |
| Price / MA7: | -0.26% | |
| Price / MA20: | -1.33% | |
| Price / MA50: | -1.84% | |
| Price / MA100: | -0.80% | |
| Price / MAexp7: | -0.96% | |
| Price / MAexp20: | -0.91% | |
| Price / MAexp50: | -0.34% | |
| Price / MAexp100: | -0.13% |
Quotes :
-
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:
-
Technical Outlook on EURUSD, GBPUSD, USDJPY
-
EUR/USD Forecast October 10, 2024
-
EUR/USD Forecast October 9, 2024
-
EUR/USD Forecast October 8, 2024
-
EUR/USD Forecast October 7, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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