EUR/USD - Daily - Technical analysis published on 12/23/2024 (GMT)
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- Timeframe : Daily
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under
My targets
()
()
My analysis
The bearish trend is currently very strong for EUR/USD. As long as the price remains below the resistance at , you could try to take advantage of the bearish rally. The first bearish objective is located at . The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at as an objective. Crossing it would then enable sellers to target . Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7
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This analysis was given by Mark Thomer. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.0440 USD. The price has increased by +0.12% since the last closing and was traded between 1.0427 USD and 1.0447 USD over the period. The price is currently at +0.12% from its lowest and -0.07% from its highest.1.0427
1.0447
1.0440
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 this Daily chart of EUR/USD indicates that the overall trend is strongly bearish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.9596 | 1.0129 | 1.0430 | 1.0440 | 1.0679 | 1.0783 | 1.0937 |
| Change (%) | -8.08% | -2.98% | -0.10% | - | +2.29% | +3.29% | +4.76% |
| Change | -0.0844 | -0.0311 | -0.0010 | - | +0.0239 | +0.0343 | +0.0497 |
| Level | Intermediate | Minor | Major | - | Minor | Major | 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 | 1.0260 | 1.0301 | 1.0365 | 1.0406 | 1.0470 | 1.0511 | 1.0575 |
| Camarilla | 1.0399 | 1.0409 | 1.0418 | 1.0428 | 1.0438 | 1.0447 | 1.0457 |
| Woodie | 1.0271 | 1.0307 | 1.0376 | 1.0412 | 1.0481 | 1.0517 | 1.0586 |
| Fibonacci | 1.0301 | 1.0341 | 1.0366 | 1.0406 | 1.0446 | 1.0471 | 1.0511 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0145 | 1.0244 | 1.0336 | 1.0435 | 1.0527 | 1.0626 | 1.0718 |
| Camarilla | 1.0376 | 1.0393 | 1.0411 | 1.0428 | 1.0446 | 1.0463 | 1.0481 |
| Woodie | 1.0142 | 1.0242 | 1.0333 | 1.0433 | 1.0524 | 1.0624 | 1.0715 |
| Fibonacci | 1.0244 | 1.0317 | 1.0362 | 1.0435 | 1.0508 | 1.0553 | 1.0626 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.49 | |
| MACD (12,26,9): | -0.0060 | |
| Directional Movement: | -14.9987 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 1.0414 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0583 | |
| Elder Ray (13): | -0.0030 | |
| Super Trend (3,10): | 1.0632 | |
| Zig ZAG (10): | 1.0442 | |
| VORTEX (21): | 1.0412 | |
| Stochastique (14,3,5): | 23.70 | |
| TEMA (21): | 1.0421 | |
| Williams %R (14): | -65.51 | |
| Chande Momentum Oscillator (20): | -0.0145 | |
| Repulse (5,40,3): | -0.0233 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0795 | |
| Courbe Coppock: | 1.73 |
| MA7: | 1.0443 | |
| MA20: | 1.0501 | |
| MA50: | 1.0635 | |
| MA100: | 1.0846 | |
| MAexp7: | 1.0440 | |
| MAexp20: | 1.0496 | |
| MAexp50: | 1.0621 | |
| MAexp100: | 1.0733 | |
| Price / MA7: | -0.03% | |
| Price / MA20: | -0.58% | |
| Price / MA50: | -1.83% | |
| Price / MA100: | -3.74% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.53% | |
| Price / MAexp50: | -1.70% | |
| Price / MAexp100: | -2.73% |
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)
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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
This member declared not having a position on this financial instrument or a related financial instrument.
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