EUR/USD - Daily - Technical analysis published on 04/28/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 1.0765 USD
My targets
1.0638 USD (-0.0056)
1.0564 USD (-0.0130)
My analysis
The bearish trend is currently very strong for EUR/USD. As long as the price remains below the resistance at 1.0765 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.0638 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.0564 USD as an objective. Crossing it would then enable sellers to target 1.0469 USD. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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Additional analysis
Quotes
The EUR/USD rating is 1.0694 USD. On the day, this instrument lost -0.30% and was between 1.0674 USD and 1.0753 USD. This implies that the price is at +0.19% from its lowest and at -0.55% from its highest.1.0674
1.0753
1.0694
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
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. 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.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of triangle
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0469 | 1.0564 | 1.0638 | 1.0694 | 1.0708 | 1.0765 | 1.0862 |
| Change (%) | -2.10% | -1.22% | -0.52% | - | +0.13% | +0.66% | +1.57% |
| Change | -0.0225 | -0.0130 | -0.0056 | - | +0.0014 | +0.0071 | +0.0168 |
| Level | Intermediate | Minor | Major | - | Major | Minor | 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 | 1.0582 | 1.0628 | 1.0661 | 1.0707 | 1.0740 | 1.0786 | 1.0819 |
| Camarilla | 1.0672 | 1.0680 | 1.0687 | 1.0694 | 1.0701 | 1.0709 | 1.0716 |
| Woodie | 1.0576 | 1.0625 | 1.0655 | 1.0704 | 1.0734 | 1.0783 | 1.0813 |
| Fibonacci | 1.0628 | 1.0658 | 1.0677 | 1.0707 | 1.0737 | 1.0756 | 1.0786 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0499 | 1.0561 | 1.0628 | 1.0690 | 1.0757 | 1.0819 | 1.0886 |
| Camarilla | 1.0659 | 1.0670 | 1.0682 | 1.0694 | 1.0706 | 1.0718 | 1.0730 |
| Woodie | 1.0501 | 1.0562 | 1.0630 | 1.0691 | 1.0759 | 1.0820 | 1.0888 |
| Fibonacci | 1.0561 | 1.0611 | 1.0641 | 1.0690 | 1.0740 | 1.0770 | 1.0819 |
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 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): | 43.71 | |
| MACD (12,26,9): | -0.0037 | |
| Directional Movement: | -2.8027 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 1.0672 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0604 | |
| Elder Ray (13): | 0.0011 | |
| Super Trend (3,10): | 1.0813 | |
| Zig ZAG (10): | 1.0694 | |
| VORTEX (21): | 0.9230 | |
| Stochastique (14,3,5): | 37.21 | |
| TEMA (21): | 1.0659 | |
| Williams %R (14): | -67.25 | |
| Chande Momentum Oscillator (20): | -0.0047 | |
| Repulse (5,40,3): | -0.0018 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0583 | |
| Courbe Coppock: | 2.30 |
| MA7: | 1.0682 | |
| MA20: | 1.0727 | |
| MA50: | 1.0805 | |
| MA100: | 1.0843 | |
| MAexp7: | 1.0693 | |
| MAexp20: | 1.0723 | |
| MAexp50: | 1.0776 | |
| MAexp100: | 1.0804 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | -0.31% | |
| Price / MA50: | -1.03% | |
| Price / MA100: | -1.37% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | -0.76% | |
| Price / MAexp100: | -1.02% |
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:
-
EUR/USD Long Term Forecast and Technical Analysis for April 26, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for April 26, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for April 25, 2024, by Chris Lewis for FX Empire
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EUR/USD Forecast April 26, 2024
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EUR/USD Daily Forecast and Technical Analysis for April 24, 2024, by Chris Lewis for FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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