EUR/USD - Daily - Technical analysis published on 12/24/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.0693 USD
My targets
1.0129 USD (-0.0275)
1.0012 USD (-0.0392)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/USD as long as the price remains well below 1.0693 USD. The sellers' bearish objective is set at 1.0129 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0012 USD. In case of crossing, the next objective would be the support located at 0.9596 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.5
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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
The EUR/USD rating is 1.0404 USD. The price has increased by +0.00% since the last closing with the lowest point at 1.0397 USD and the highest point at 1.0409 USD. The deviation from the price is +0.07% for the low point and -0.05% for the high point.1.0397
1.0409
1.0404
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 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 market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.9596 | 1.0129 | 1.0404 | 1.0430 | 1.0693 | 1.0783 |
| Change (%) | -7.77% | -2.64% | - | +0.25% | +2.78% | +3.64% |
| Change | -0.0808 | -0.0275 | - | +0.0026 | +0.0289 | +0.0379 |
| Level | Intermediate | Minor | - | Major | Intermediate | 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 | 1.0313 | 1.0349 | 1.0376 | 1.0412 | 1.0439 | 1.0475 | 1.0502 |
| Camarilla | 1.0387 | 1.0393 | 1.0398 | 1.0404 | 1.0410 | 1.0416 | 1.0421 |
| Woodie | 1.0310 | 1.0347 | 1.0373 | 1.0410 | 1.0436 | 1.0473 | 1.0499 |
| Fibonacci | 1.0349 | 1.0373 | 1.0388 | 1.0412 | 1.0436 | 1.0451 | 1.0475 |
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 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): | 38.46 | |
| MACD (12,26,9): | -0.0062 | |
| Directional Movement: | -14.3073 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 1.0400 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0568 | |
| Elder Ray (13): | -0.0052 | |
| Super Trend (3,10): | 1.0628 | |
| Zig ZAG (10): | 1.0408 | |
| VORTEX (21): | 0.9705 | |
| Stochastique (14,3,5): | 24.51 | |
| TEMA (21): | 1.0405 | |
| Williams %R (14): | -77.00 | |
| Chande Momentum Oscillator (20): | -0.0159 | |
| Repulse (5,40,3): | -0.2097 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0805 | |
| Courbe Coppock: | 2.07 |
| MA7: | 1.0424 | |
| MA20: | 1.0495 | |
| MA50: | 1.0624 | |
| MA100: | 1.0841 | |
| MAexp7: | 1.0425 | |
| MAexp20: | 1.0485 | |
| MAexp50: | 1.0612 | |
| MAexp100: | 1.0725 | |
| Price / MA7: | -0.19% | |
| Price / MA20: | -0.87% | |
| Price / MA50: | -2.07% | |
| Price / MA100: | -4.03% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -0.77% | |
| Price / MAexp50: | -1.96% | |
| Price / MAexp100: | -2.99% |
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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This member declared not having a position on this financial instrument or a related financial instrument.
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