EUR/USD - Daily - Technical analysis published on 01/02/2025 (GMT)
- 105
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
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
7.3
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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
The EUR/USD rating is 1.0372 USD. The price registered an increase of +0.20% on the session and was between 1.0344 USD and 1.0372 USD. This implies that the price is at +0.27% from its lowest and at 0% from its highest.1.0344
1.0372
1.0372
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 (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 a overall strongly bearish trend. 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. 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 to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.9596 | 1.0129 | 1.0372 | 1.0430 | 1.0693 | 1.0908 |
| Change (%) | -7.48% | -2.34% | - | +0.56% | +3.09% | +5.17% |
| Change | -0.0776 | -0.0243 | - | +0.0058 | +0.0321 | +0.0536 |
| Level | Major | Minor | - | 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 | 1.0332 | 1.0340 | 1.0345 | 1.0353 | 1.0358 | 1.0366 | 1.0371 |
| Camarilla | 1.0347 | 1.0349 | 1.0350 | 1.0351 | 1.0352 | 1.0353 | 1.0355 |
| Woodie | 1.0332 | 1.0339 | 1.0345 | 1.0352 | 1.0358 | 1.0365 | 1.0371 |
| Fibonacci | 1.0340 | 1.0345 | 1.0348 | 1.0353 | 1.0358 | 1.0361 | 1.0366 |
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 | 0.9965 | 1.0154 | 1.0252 | 1.0441 | 1.0539 | 1.0728 | 1.0826 |
| Camarilla | 1.0271 | 1.0297 | 1.0324 | 1.0350 | 1.0376 | 1.0403 | 1.0429 |
| Woodie | 0.9920 | 1.0131 | 1.0207 | 1.0418 | 1.0494 | 1.0705 | 1.0781 |
| Fibonacci | 1.0154 | 1.0264 | 1.0331 | 1.0441 | 1.0551 | 1.0618 | 1.0728 |
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): | 37.85 | |
| MACD (12,26,9): | -0.0059 | |
| Directional Movement: | -12.2456 | |
| AROON (14): | -21.4285 | |
| DEMA (21): | 1.0358 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0498 | |
| Elder Ray (13): | -0.0052 | |
| Super Trend (3,10): | 1.0545 | |
| Zig ZAG (10): | 1.0371 | |
| VORTEX (21): | 0.9022 | |
| Stochastique (14,3,5): | 7.47 | |
| TEMA (21): | 1.0363 | |
| Williams %R (14): | -85.34 | |
| Chande Momentum Oscillator (20): | -0.0146 | |
| Repulse (5,40,3): | -0.1303 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0788 | |
| Courbe Coppock: | 2.54 |
| MA7: | 1.0389 | |
| MA20: | 1.0450 | |
| MA50: | 1.0572 | |
| MA100: | 1.0807 | |
| MAexp7: | 1.0385 | |
| MAexp20: | 1.0438 | |
| MAexp50: | 1.0563 | |
| MAexp100: | 1.0687 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | -0.75% | |
| Price / MA50: | -1.89% | |
| Price / MA100: | -4.03% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.63% | |
| Price / MAexp50: | -1.81% | |
| Price / MAexp100: | -2.95% |
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 - Buyers Continue to Bail on the Euro
-
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)
This member declared not having a position on this financial instrument or a related financial instrument.
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