EUR/USD - 15 min. - Technical analysis published on 04/15/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.0664 USD
My targets
1.0601 USD (-0.0024)
1.0558 USD (-0.0067)
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 1.0664 USD. The next support located at 1.0601 USD 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 1.0558 USD. Below this support, sellers could then target 1.0495 USD. 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
7.7
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Additional analysis
Quotes
The EUR/USD rating is 1.0625 USD. The price registered a decrease of -0.17% on the session and was traded between 1.0620 USD and 1.0665 USD over the period. The price is currently at +0.05% from its lowest and -0.38% from its highest.1.0620
1.0665
1.0625
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of EUR/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by 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 : 15 minutes
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.0129 | 1.0469 | 1.0564 | 1.0625 | 1.0638 | 1.0708 | 1.0757 |
Change (%) | -4.67% | -1.47% | -0.57% | - | +0.12% | +0.78% | +1.24% |
Change | -0.0496 | -0.0156 | -0.0061 | - | +0.0013 | +0.0083 | +0.0132 |
Level | Minor | 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 | 1.0495 | 1.0558 | 1.0601 | 1.0664 | 1.0707 | 1.0770 | 1.0813 |
Camarilla | 1.0614 | 1.0624 | 1.0633 | 1.0643 | 1.0653 | 1.0662 | 1.0672 |
Woodie | 1.0484 | 1.0553 | 1.0590 | 1.0659 | 1.0696 | 1.0765 | 1.0802 |
Fibonacci | 1.0558 | 1.0599 | 1.0624 | 1.0664 | 1.0705 | 1.0730 | 1.0770 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0285 | 1.0454 | 1.0548 | 1.0717 | 1.0811 | 1.0980 | 1.1074 |
Camarilla | 1.0571 | 1.0595 | 1.0619 | 1.0643 | 1.0667 | 1.0691 | 1.0715 |
Woodie | 1.0249 | 1.0435 | 1.0512 | 1.0698 | 1.0775 | 1.0961 | 1.1038 |
Fibonacci | 1.0454 | 1.0554 | 1.0616 | 1.0717 | 1.0817 | 1.0879 | 1.0980 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0498 | 1.0633 | 1.0712 | 1.0847 | 1.0926 | 1.1061 | 1.1140 |
Camarilla | 1.0733 | 1.0753 | 1.0772 | 1.0792 | 1.0812 | 1.0831 | 1.0851 |
Woodie | 1.0471 | 1.0619 | 1.0685 | 1.0833 | 1.0899 | 1.1047 | 1.1113 |
Fibonacci | 1.0633 | 1.0714 | 1.0765 | 1.0847 | 1.0928 | 1.0979 | 1.1061 |
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): | 34.84 | |
MACD (12,26,9): | -0.0005 | |
Directional Movement: | -11.8325 | |
AROON (14): | -85.7143 | |
DEMA (21): | 1.0626 | |
Parabolic SAR (0,02-0,02-0,2): | 1.0643 | |
Elder Ray (13): | -0.0007 | |
Super Trend (3,10): | 1.0642 | |
Zig ZAG (10): | 1.0622 | |
VORTEX (21): | 0.9091 | |
Stochastique (14,3,5): | 13.04 | |
TEMA (21): | 1.0624 | |
Williams %R (14): | -85.19 | |
Chande Momentum Oscillator (20): | -0.0017 | |
Repulse (5,40,3): | -0.0235 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0068 | |
Courbe Coppock: | 0.15 |
MA7: | 1.0756 | |
MA20: | 1.0800 | |
MA50: | 1.0821 | |
MA100: | 1.0863 | |
MAexp7: | 1.0626 | |
MAexp20: | 1.0633 | |
MAexp50: | 1.0640 | |
MAexp100: | 1.0648 | |
Price / MA7: | -1.22% | |
Price / MA20: | -1.62% | |
Price / MA50: | -1.81% | |
Price / MA100: | -2.19% | |
Price / MAexp7: | -0.01% | |
Price / MAexp20: | -0.08% | |
Price / MAexp50: | -0.14% | |
Price / MAexp100: | -0.22% |
Quotes :
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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 Daily Forecast and Technical Analysis for April 15, 2024, by Chris Lewis for FX Empire
- EUR/USD Long Term Forecast and Technical Analysis for April 12, 2024, by Chris Lewis for FX Empire
- EUR/USD Daily Forecast and Technical Analysis for April 12, 2024, by Chris Lewis for FX Empire
- EUR/USD Daily Forecast and Technical Analysis for April 11, 2024, by Chris Lewis for FX Empire
- EUR/USD Forecast and Technical Analysis, April 10, 2024, by Chris Lewis #fxempire #trading #eurusd
This member declared not having a position on this financial instrument or a related financial instrument.
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