EUR/USD - Daily - Technical analysis published on 12/20/2024 (GMT)
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under
My targets
()
()
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 . The next support located at 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 . Below this support, sellers could then target . With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.9
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 Mark Thomer. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD price is 1.0362 USD. On the day, this instrument lost -0.03% and was traded between 1.0359 USD and 1.0369 USD over the period. The price is currently at +0.03% from its lowest and -0.07% from its highest.1.0359
1.0369
1.0362
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/USD:
Near a new LOW record (1 year)
Type : Bearish
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
Technical analysis of EUR/USD in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : Daily
Bearish harami cross
Type : Bearish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.9596 | 1.0129 | 1.0362 | 1.0430 | 1.0783 | 1.0937 |
| Change (%) | -7.39% | -2.25% | - | +0.66% | +4.06% | +5.55% |
| Change | -0.0766 | -0.0233 | - | +0.0068 | +0.0421 | +0.0575 |
| Level | Intermediate | Minor | - | Major | Major | 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 | 1.0264 | 1.0307 | 1.0336 | 1.0379 | 1.0408 | 1.0451 | 1.0480 |
| Camarilla | 1.0345 | 1.0352 | 1.0358 | 1.0365 | 1.0372 | 1.0378 | 1.0385 |
| Woodie | 1.0257 | 1.0304 | 1.0329 | 1.0376 | 1.0401 | 1.0448 | 1.0473 |
| Fibonacci | 1.0307 | 1.0335 | 1.0352 | 1.0379 | 1.0407 | 1.0424 | 1.0451 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0297 | 1.0375 | 1.0438 | 1.0516 | 1.0579 | 1.0657 | 1.0720 |
| Camarilla | 1.0462 | 1.0475 | 1.0488 | 1.0501 | 1.0514 | 1.0527 | 1.0540 |
| Woodie | 1.0290 | 1.0371 | 1.0431 | 1.0512 | 1.0572 | 1.0653 | 1.0713 |
| Fibonacci | 1.0375 | 1.0429 | 1.0462 | 1.0516 | 1.0570 | 1.0603 | 1.0657 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9690 | 1.0012 | 1.0294 | 1.0616 | 1.0898 | 1.1220 | 1.1502 |
| Camarilla | 1.0411 | 1.0466 | 1.0522 | 1.0577 | 1.0632 | 1.0688 | 1.0743 |
| Woodie | 0.9671 | 1.0002 | 1.0275 | 1.0606 | 1.0879 | 1.1210 | 1.1483 |
| Fibonacci | 1.0012 | 1.0242 | 1.0385 | 1.0616 | 1.0846 | 1.0989 | 1.1220 |
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): | 32.50 | |
| MACD (12,26,9): | -0.0068 | |
| Directional Movement: | -19.0449 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 1.0406 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0598 | |
| Elder Ray (13): | -0.0098 | |
| Super Trend (3,10): | 1.0588 | |
| Zig ZAG (10): | 1.0362 | |
| VORTEX (21): | 0.9242 | |
| Stochastique (14,3,5): | 5.13 | |
| TEMA (21): | 1.0406 | |
| Williams %R (14): | -94.06 | |
| Chande Momentum Oscillator (20): | -0.0150 | |
| Repulse (5,40,3): | -1.0322 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0808 | |
| Courbe Coppock: | 1.77 |
| MA7: | 1.0438 | |
| MA20: | 1.0498 | |
| MA50: | 1.0643 | |
| MA100: | 1.0851 | |
| MAexp7: | 1.0424 | |
| MAexp20: | 1.0496 | |
| MAexp50: | 1.0626 | |
| MAexp100: | 1.0737 | |
| Price / MA7: | -0.73% | |
| Price / MA20: | -1.30% | |
| Price / MA50: | -2.64% | |
| Price / MA100: | -4.51% | |
| Price / MAexp7: | -0.59% | |
| Price / MAexp20: | -1.28% | |
| Price / MAexp50: | -2.48% | |
| Price / MAexp100: | -3.49% |
Quotes :
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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:
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EUR/USD Forecast - Euro Can't Find Any Help (December 20, 2024)
-
EUR/USD - Is the Euro Doomed? (December 19, 2024)
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Yearly Technical Outlook 2025 : 13/12/2024 - USDJPY, EURUSD, GBPUSD
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Technical Outlook on USDJPY, EURUSD, USDCAD
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Technical Outlook on USDJPY, EURUSD, USDCAD
This member declared not having a position on this financial instrument or a related financial instrument.
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