EUR/USD - 15 min. - Technical analysis published on 05/04/2021 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.2049 USD
My targets
1.2022 USD (-0.0018)
1.1986 USD (-0.0054)
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 1.2049 USD. The next support located at 1.2022 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 1.1986 USD. Below this support, sellers could then target 1.1959 USD.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
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
The EUR/USD price is 1.2040 USD. On the day, this instrument lost -0.15% with the lowest point at 1.2039 USD and the highest point at 1.2060 USD. The deviation from the price is +0.01% for the low point and -0.17% for the high point.1.2039
1.2060
1.2040
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of EUR/USD indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 15 minutes
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
CCI indicator: bullish divergence
Type : Bullish
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 oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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:
Resistance of triangle is broken
Type : Bullish
Timeframe : 15 minutes
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 | 1.1983 | 1.2013 | 1.2036 | 1.2040 | 1.2056 | 1.2077 | 1.2093 |
| Change (%) | -0.47% | -0.22% | -0.03% | - | +0.13% | +0.31% | +0.44% |
| Change | -0.0057 | -0.0027 | -0.0004 | - | +0.0016 | +0.0037 | +0.0053 |
| Level | Major | Minor | Minor | - | Major | Intermediate | 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 | 1.1959 | 1.1986 | 1.2022 | 1.2049 | 1.2085 | 1.2112 | 1.2148 |
| Camarilla | 1.2041 | 1.2047 | 1.2052 | 1.2058 | 1.2064 | 1.2070 | 1.2075 |
| Woodie | 1.1964 | 1.1988 | 1.2027 | 1.2051 | 1.2090 | 1.2114 | 1.2153 |
| Fibonacci | 1.1986 | 1.2010 | 1.2025 | 1.2049 | 1.2073 | 1.2088 | 1.2112 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1840 | 1.1928 | 1.1974 | 1.2062 | 1.2108 | 1.2196 | 1.2242 |
| Camarilla | 1.1983 | 1.1995 | 1.2008 | 1.2020 | 1.2032 | 1.2045 | 1.2057 |
| Woodie | 1.1819 | 1.1918 | 1.1953 | 1.2052 | 1.2087 | 1.2186 | 1.2221 |
| Fibonacci | 1.1928 | 1.1979 | 1.2011 | 1.2062 | 1.2113 | 1.2145 | 1.2196 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1335 | 1.1524 | 1.1772 | 1.1961 | 1.2209 | 1.2398 | 1.2646 |
| Camarilla | 1.1900 | 1.1940 | 1.1980 | 1.2020 | 1.2060 | 1.2100 | 1.2140 |
| Woodie | 1.1365 | 1.1539 | 1.1802 | 1.1976 | 1.2239 | 1.2413 | 1.2676 |
| Fibonacci | 1.1524 | 1.1691 | 1.1794 | 1.1961 | 1.2128 | 1.2231 | 1.2398 |
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): | 26.55 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -21.6060 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 1.2043 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2046 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 1.2051 | |
| Zig ZAG (10): | 1.2039 | |
| VORTEX (21): | 0.7532 | |
| Stochastique (14,3,5): | 5.26 | |
| TEMA (21): | 1.2040 | |
| Williams %R (14): | -94.74 | |
| Chande Momentum Oscillator (20): | -0.0017 | |
| Repulse (5,40,3): | -0.0409 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0046 | |
| Courbe Coppock: | 0.23 |
| MA7: | 1.2078 | |
| MA20: | 1.2013 | |
| MA50: | 1.1951 | |
| MA100: | 1.2053 | |
| MAexp7: | 1.2043 | |
| MAexp20: | 1.2049 | |
| MAexp50: | 1.2053 | |
| MAexp100: | 1.2053 | |
| Price / MA7: | -0.31% | |
| Price / MA20: | +0.22% | |
| Price / MA50: | +0.74% | |
| Price / MA100: | -0.11% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.11% |
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 and GBP/USD Forecast May 4, 2021
-
EUR/USD Technical Analysis for May 4, 2021 by FXEmpire
-
EUR/USD Daily Forecast - Support At The 20 EMA Stays Strong
-
EURUSD Posts Biggest Daily Drop in a Year - Can the Dollar Carry That Trend?
-
EUR/USD and GBP/USD Forecast May 3, 2021
This member declared not having a position on this financial instrument or a related financial instrument.
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