EUR/USD - 15 min. - Technical analysis published on 04/16/2021 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 1.1973 USD
My targets
1.1952 USD (-0.0005)
1.1935 USD (-0.0022)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/USD as long as the price remains well below 1.1973 USD. The sellers” bearish objective is set at 1.1952 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.1935 USD. In case of crossing, the next objective would be the support located at 1.1914 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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This analysis was given by Meeko. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.1957 USD. The price is lower by -0.10% since the last closing and was between 1.1950 USD and 1.1975 USD. This implies that the price is at +0.06% from its lowest and at -0.15% from its highest.1.1950
1.1975
1.1957
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 (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/USD in 15 min. 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 : 15 minutes
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 15 minutes
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of triangle is broken
Type : Bearish
Timeframe : 15 minutes
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact 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 | 1.1877 | 1.1919 | 1.1957 | 1.1957 | 1.1978 | 1.1994 | 1.2077 |
| Change (%) | -0.67% | -0.32% | 0% | - | +0.18% | +0.31% | +1.00% |
| Change | -0.0080 | -0.0038 | 0 | - | +0.0021 | +0.0037 | +0.0120 |
| Level | Intermediate | Intermediate | Major | - | Minor | 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 | 1.1914 | 1.1935 | 1.1952 | 1.1973 | 1.1990 | 1.2011 | 1.2028 |
| Camarilla | 1.1959 | 1.1962 | 1.1966 | 1.1969 | 1.1973 | 1.1976 | 1.1980 |
| Woodie | 1.1912 | 1.1934 | 1.1950 | 1.1972 | 1.1988 | 1.2010 | 1.2026 |
| Fibonacci | 1.1935 | 1.1950 | 1.1959 | 1.1973 | 1.1988 | 1.1997 | 1.2011 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1594 | 1.1666 | 1.1784 | 1.1856 | 1.1974 | 1.2046 | 1.2164 |
| Camarilla | 1.1850 | 1.1867 | 1.1885 | 1.1902 | 1.1919 | 1.1937 | 1.1954 |
| Woodie | 1.1617 | 1.1678 | 1.1807 | 1.1868 | 1.1997 | 1.2058 | 1.2187 |
| Fibonacci | 1.1666 | 1.1739 | 1.1783 | 1.1856 | 1.1929 | 1.1973 | 1.2046 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1174 | 1.1439 | 1.1583 | 1.1848 | 1.1992 | 1.2257 | 1.2401 |
| Camarilla | 1.1615 | 1.1652 | 1.1690 | 1.1727 | 1.1765 | 1.1802 | 1.1840 |
| Woodie | 1.1114 | 1.1409 | 1.1523 | 1.1818 | 1.1932 | 1.2227 | 1.2341 |
| Fibonacci | 1.1439 | 1.1595 | 1.1692 | 1.1848 | 1.2004 | 1.2101 | 1.2257 |
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): | 41.21 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -3.6846 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 1.1954 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1950 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 1.1968 | |
| Zig ZAG (10): | 1.1958 | |
| VORTEX (21): | 0.8687 | |
| Stochastique (14,3,5): | 34.87 | |
| TEMA (21): | 1.1953 | |
| Williams %R (14): | -53.33 | |
| Chande Momentum Oscillator (20): | 0.0000 | |
| Repulse (5,40,3): | 0.0202 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0045 | |
| Courbe Coppock: | 0.17 |
| MA7: | 1.1942 | |
| MA20: | 1.1853 | |
| MA50: | 1.1962 | |
| MA100: | 1.2054 | |
| MAexp7: | 1.1955 | |
| MAexp20: | 1.1959 | |
| MAexp50: | 1.1964 | |
| MAexp100: | 1.1967 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | +0.88% | |
| Price / MA50: | -0.04% | |
| Price / MA100: | -0.80% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.08% |
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 and GBP/USD Forecast April 16, 2021
-
EUR/USD Technical Analysis for April 16, 2021 by FXEmpire
-
EUR/USD Daily Forecast - Test Of Resistance At 1.1990
-
EUR/USD and GBP/USD Forecast April 15, 2021
-
EUR/USD Technical Analysis for April 15, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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