EUR/USD - Daily - Technical analysis published on 12/30/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 1.0693 USD
My targets
1.0350 USD (-0.0079)
1.0129 USD (-0.0300)
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 1.0350 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0129 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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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 1.0429 USD. The price has increased by +0.00% since the last closing and was traded between 1.0425 USD and 1.0431 USD over the period. The price is currently at +0.04% from its lowest and -0.02% from its highest.1.0425
1.0431
1.0429
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 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. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 6 are bullish, 5 are neutral and 7 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
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 | 1.0350 | 1.0429 | 1.0430 | 1.0693 | 1.0783 |
| Change (%) | -7.99% | -2.88% | -0.76% | - | +0.01% | +2.53% | +3.39% |
| Change | -0.0833 | -0.0300 | -0.0079 | - | +0.0001 | +0.0264 | +0.0354 |
| Level | Intermediate | Minor | Major | - | Major | 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 | 1.0406 | 1.0412 | 1.0421 | 1.0427 | 1.0436 | 1.0442 | 1.0451 |
| Camarilla | 1.0425 | 1.0426 | 1.0428 | 1.0429 | 1.0430 | 1.0432 | 1.0433 |
| Woodie | 1.0407 | 1.0413 | 1.0422 | 1.0428 | 1.0437 | 1.0443 | 1.0452 |
| Fibonacci | 1.0412 | 1.0418 | 1.0422 | 1.0427 | 1.0433 | 1.0437 | 1.0442 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0326 | 1.0355 | 1.0390 | 1.0419 | 1.0454 | 1.0483 | 1.0518 |
| Camarilla | 1.0408 | 1.0414 | 1.0420 | 1.0426 | 1.0432 | 1.0438 | 1.0444 |
| Woodie | 1.0330 | 1.0357 | 1.0394 | 1.0421 | 1.0458 | 1.0485 | 1.0522 |
| Fibonacci | 1.0355 | 1.0379 | 1.0394 | 1.0419 | 1.0443 | 1.0458 | 1.0483 |
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): | 41.64 | |
| MACD (12,26,9): | -0.0051 | |
| Directional Movement: | -9.6988 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 1.0392 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0519 | |
| Elder Ray (13): | -0.0013 | |
| Super Trend (3,10): | 1.0603 | |
| Zig ZAG (10): | 1.0429 | |
| VORTEX (21): | 0.9155 | |
| Stochastique (14,3,5): | 38.39 | |
| TEMA (21): | 1.0406 | |
| Williams %R (14): | -56.12 | |
| Chande Momentum Oscillator (20): | -0.0045 | |
| Repulse (5,40,3): | 0.0797 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0765 | |
| Courbe Coppock: | 2.19 |
| MA7: | 1.0420 | |
| MA20: | 1.0470 | |
| MA50: | 1.0591 | |
| MA100: | 1.0821 | |
| MAexp7: | 1.0426 | |
| MAexp20: | 1.0465 | |
| MAexp50: | 1.0584 | |
| MAexp100: | 1.0702 | |
| Price / MA7: | +0.09% | |
| Price / MA20: | -0.39% | |
| Price / MA50: | -1.53% | |
| Price / MA100: | -3.62% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.34% | |
| Price / MAexp50: | -1.46% | |
| Price / MAexp100: | -2.55% |
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:
-
EUR/USD Forecast - Can the Euro Get Any Relief?
-
EUR/USD Forecast - Is the Euro Ready to Recover? (December 27)
-
EUR/USD Forecast - Can the Euro Hold On? (December 26, 2024)
-
EUR/USD Forecast - Euro Can't Find Any Help (December 20, 2024)
-
EUR/USD - Is the Euro Doomed? (December 19, 2024)
This member declared not having a position on this financial instrument or a related financial instrument.
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