EUR/USD - 15 min. - Technical analysis published on 05/15/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 1.0838 USD
My targets
1.0897 USD (+0.0018)
1.0953 USD (+0.0074)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/USD as long as the price remains well above 1.0838 USD. The buyers' bullish objective is set at 1.0897 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0953 USD. If there is any crossing, the next objective would be the resistance located at 1.1108 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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Additional analysis
Quotes
The EUR/USD price is 1.0879 USD. On the day, this instrument gained +0.60% and was traded between 1.0813 USD and 1.0881 USD over the period. The price is currently at +0.61% from its lowest and -0.02% from its highest.1.0813
1.0881
1.0879
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/USD in 15 min. shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish 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.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
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 : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0813 | 1.0826 | 1.0862 | 1.0879 | 1.0953 | 1.1108 | 1.1230 |
| Change (%) | -0.61% | -0.49% | -0.16% | - | +0.68% | +2.10% | +3.23% |
| Change | -0.0066 | -0.0053 | -0.0017 | - | +0.0074 | +0.0229 | +0.0351 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | Intermediate |
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 | 1.0720 | 1.0743 | 1.0779 | 1.0802 | 1.0838 | 1.0861 | 1.0897 |
| Camarilla | 1.0798 | 1.0803 | 1.0809 | 1.0814 | 1.0819 | 1.0825 | 1.0830 |
| Woodie | 1.0726 | 1.0746 | 1.0785 | 1.0805 | 1.0844 | 1.0864 | 1.0903 |
| Fibonacci | 1.0743 | 1.0766 | 1.0780 | 1.0802 | 1.0825 | 1.0839 | 1.0861 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0666 | 1.0695 | 1.0733 | 1.0762 | 1.0800 | 1.0829 | 1.0867 |
| Camarilla | 1.0753 | 1.0759 | 1.0765 | 1.0771 | 1.0777 | 1.0783 | 1.0789 |
| Woodie | 1.0671 | 1.0697 | 1.0738 | 1.0764 | 1.0805 | 1.0831 | 1.0872 |
| Fibonacci | 1.0695 | 1.0721 | 1.0736 | 1.0762 | 1.0788 | 1.0803 | 1.0829 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0266 | 1.0433 | 1.0550 | 1.0717 | 1.0834 | 1.1001 | 1.1118 |
| Camarilla | 1.0588 | 1.0614 | 1.0640 | 1.0666 | 1.0692 | 1.0718 | 1.0744 |
| Woodie | 1.0240 | 1.0421 | 1.0524 | 1.0705 | 1.0808 | 1.0989 | 1.1092 |
| Fibonacci | 1.0433 | 1.0542 | 1.0609 | 1.0717 | 1.0826 | 1.0893 | 1.1001 |
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): | 64.36 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 14.2421 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 1.0879 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0869 | |
| Elder Ray (13): | 0.0005 | |
| Super Trend (3,10): | 1.0856 | |
| Zig ZAG (10): | 1.0874 | |
| VORTEX (21): | 1.1235 | |
| Stochastique (14,3,5): | 79.56 | |
| TEMA (21): | 1.0881 | |
| Williams %R (14): | -28.00 | |
| Chande Momentum Oscillator (20): | 0.0007 | |
| Repulse (5,40,3): | 0.0223 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0131 | |
| Courbe Coppock: | 0.36 |
| MA7: | 1.0790 | |
| MA20: | 1.0733 | |
| MA50: | 1.0786 | |
| MA100: | 1.0824 | |
| MAexp7: | 1.0875 | |
| MAexp20: | 1.0867 | |
| MAexp50: | 1.0851 | |
| MAexp100: | 1.0837 | |
| Price / MA7: | +0.82% | |
| Price / MA20: | +1.36% | |
| Price / MA50: | +0.86% | |
| Price / MA100: | +0.51% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.39% |
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:
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EUR/USD Daily Forecast and Technical Analysis for May 15, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for May 14, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for May 13, 2024, by Chris Lewis for FX Empire
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Trading volatility: EURUSD to move around US CPI inflation data?
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EUR/USD Long Term Forecast and Technical Analysis for May 10, 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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