EUR/USD

- USD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURUSD
ISIN:

EUR/USD - Daily - Technical analysis published on 05/17/2024 (GMT)

Timeframe : Daily
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

89%

11%

My opinion

Bullish above

My targets

()

My analysis

The strong short-term increase for EUR/USD reinforces the current slightly bullish trend. As long as the price remains above , you could take advantage of this bullish acceleration. The first bullish objective is located at . The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at as an objective. Crossing it would then enable buyers to target . A return to would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

5.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Muhahaha. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/USD price is 1.0849 USD. On the day, this instrument lost -0.18% with the lowest point at 1.0835 USD and the highest point at 1.0869 USD. The deviation from the price is +0.13% for the low point and -0.18% for the high point.

1.0835

1.0869

1.0849

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this EUR/USD chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Horizontal support is broken

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.0469	1.0638	1.0708	1.0849	1.0862	1.0953	1.1004
Change (%)	-3.50%	-1.94%	-1.30%	-	+0.12%	+0.96%	+1.43%
Change	-0.0380	-0.0211	-0.0141	-	+0.0013	+0.0104	+0.0155
Level	Minor	Major	Minor	-	Intermediate	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	1.0809	1.0831	1.0850	1.0872	1.0891	1.0913	1.0932
Camarilla	1.0857	1.0861	1.0864	1.0868	1.0872	1.0876	1.0879
Woodie	1.0807	1.0830	1.0848	1.0871	1.0889	1.0912	1.0930
Fibonacci	1.0831	1.0847	1.0857	1.0872	1.0888	1.0898	1.0913

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	61.75
MACD (12,26,9):	0.0027
Directional Movement:	12.2925
AROON (14):	78.5714
DEMA (21):	1.0806
Parabolic SAR (0,02-0,02-0,2):	1.0745
Elder Ray (13):	0.0053
Super Trend (3,10):	1.0711
Zig ZAG (10):	1.0856
VORTEX (21):	1.1691
Stochastique (14,3,5):	90.51
TEMA (21):	1.0846
Williams %R (14):	-16.67
Chande Momentum Oscillator (20):	0.0137
Repulse (5,40,3):	0.3539
ROCnROLL:	1
TRIX (15,9):	0.0085
Courbe Coppock:	2.37

MA7:	1.0824
MA20:	1.0755
MA50:	1.0783
MA100:	1.0820
MAexp7:	1.0828
MAexp20:	1.0781
MAexp50:	1.0780
MAexp100:	1.0799
Price / MA7:	+0.23%
Price / MA20:	+0.87%
Price / MA50:	+0.61%
Price / MA100:	+0.27%
Price / MAexp7:	+0.19%
Price / MAexp20:	+0.63%
Price / MAexp50:	+0.64%
Price / MAexp100:	+0.46%

Quotes : - Real time data - Forex

News

The latest news and videos published on EUR/USD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

Online

Overall rating :

15133

Number of analyses :

76201

Followers :

I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…