EUR/USD - Daily - Technical analysis published on 10/30/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 1.0953 USD
My targets
1.0784 USD (-0.0087)
1.0679 USD (-0.0192)
My analysis
EUR/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.0953 USD. The next support located at 1.0784 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.0679 USD. Below this support, sellers could then target 1.0635 USD.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.6
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This analysis was given by shadybhai. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.0871 USD. The price registered an increase of +0.47% on the session and was traded between 1.0808 USD and 1.0871 USD over the period. The price is currently at +0.58% from its lowest and 0% from its highest.1.0808
1.0871
1.0871
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/USD in Daily shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced 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 price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.0679 | 1.0784 | 1.0861 | 1.0871 | 1.0953 | 1.1111 | 1.1191 |
| Change (%) | -1.77% | -0.80% | -0.09% | - | +0.75% | +2.21% | +2.94% |
| Change | -0.0192 | -0.0087 | -0.0010 | - | +0.0082 | +0.0240 | +0.0320 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Minor | Major |
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 | 1.0727 | 1.0748 | 1.0784 | 1.0805 | 1.0841 | 1.0862 | 1.0898 |
| Camarilla | 1.0804 | 1.0810 | 1.0815 | 1.0820 | 1.0825 | 1.0831 | 1.0836 |
| Woodie | 1.0735 | 1.0752 | 1.0792 | 1.0809 | 1.0849 | 1.0866 | 1.0906 |
| Fibonacci | 1.0748 | 1.0770 | 1.0783 | 1.0805 | 1.0827 | 1.0840 | 1.0862 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0636 | 1.0698 | 1.0747 | 1.0809 | 1.0858 | 1.0920 | 1.0969 |
| Camarilla | 1.0765 | 1.0775 | 1.0785 | 1.0795 | 1.0805 | 1.0815 | 1.0826 |
| Woodie | 1.0629 | 1.0695 | 1.0740 | 1.0806 | 1.0851 | 1.0917 | 1.0962 |
| Fibonacci | 1.0698 | 1.0741 | 1.0767 | 1.0809 | 1.0852 | 1.0878 | 1.0920 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.20 | |
| MACD (12,26,9): | -0.0059 | |
| Directional Movement: | -12.0997 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 1.0808 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0766 | |
| Elder Ray (13): | -0.0015 | |
| Super Trend (3,10): | 1.0943 | |
| Zig ZAG (10): | 1.0869 | |
| VORTEX (21): | 0.7712 | |
| Stochastique (14,3,5): | 37.35 | |
| TEMA (21): | 1.0776 | |
| Williams %R (14): | -44.56 | |
| Chande Momentum Oscillator (20): | -0.0040 | |
| Repulse (5,40,3): | 0.8774 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0855 | |
| Courbe Coppock: | 2.53 |
| MA7: | 1.0815 | |
| MA20: | 1.0882 | |
| MA50: | 1.1017 | |
| MA100: | 1.0935 | |
| MAexp7: | 1.0833 | |
| MAexp20: | 1.0885 | |
| MAexp50: | 1.0947 | |
| MAexp100: | 1.0939 | |
| Price / MA7: | +0.52% | |
| Price / MA20: | -0.10% | |
| Price / MA50: | -1.33% | |
| Price / MA100: | -0.59% | |
| Price / MAexp7: | +0.35% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.69% | |
| Price / MAexp100: | -0.62% |
Quotes :
-
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 Forecast October 24, 2024
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EUR/USD Forecast October 23, 2024
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EUR/USD Forecast October 22, 2024
-
Technical Outlook on EURUSD, GBPUSD, USDJPY
-
Technical Outlook on EURUSD, GBPUSD, USDJPY
This member declared not having a position on this financial instrument or a related financial instrument.
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