EUR/USD - 15 min. - Technical analysis published on 05/06/2021 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.2007 USD
My targets
1.1986 USD (-0.0013)
1.1966 USD (-0.0033)
My analysis
There is a bearish trend on EUR/USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 1.2007 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 1.1986 USD. Then the price could move towards 1.1966 USD. Then 1.1945 USD by extension. Be careful, a return to above the resistance 1.2007 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
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 1.1999 USD. The price is lower by -0.07% since the last closing with the lowest point at 1.1993 USD and the highest point at 1.2012 USD. The deviation from the price is +0.05% for the low point and -0.11% for the high point.1.1993
1.2012
1.1999
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
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
A technical analysis in 15 min. of this EUR/USD chart shows a bearish trend. The signals given by moving averages are at 71.43% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
MACD indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of triangle is broken
Type : Bullish
Timeframe : 15 minutes
Horizontal support is broken
Type : Bearish
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 | 1.1922 | 1.1983 | 1.1999 | 1.1999 | 1.2027 | 1.2056 | 1.2077 |
Change (%) | -0.64% | -0.13% | 0% | - | +0.23% | +0.48% | +0.65% |
Change | -0.0077 | -0.0016 | 0 | - | +0.0028 | +0.0057 | +0.0078 |
Level | Major | Major | Minor | - | Minor | Major | 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 | 1.1945 | 1.1966 | 1.1986 | 1.2007 | 1.2027 | 1.2048 | 1.2068 |
Camarilla | 1.1996 | 1.2000 | 1.2003 | 1.2007 | 1.2011 | 1.2015 | 1.2018 |
Woodie | 1.1946 | 1.1966 | 1.1987 | 1.2007 | 1.2028 | 1.2048 | 1.2069 |
Fibonacci | 1.1966 | 1.1981 | 1.1991 | 1.2007 | 1.2022 | 1.2032 | 1.2048 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 42.76 | |
MACD (12,26,9): | -0.0001 | |
Directional Movement: | -9.8985 | |
AROON (14): | -7.1429 | |
DEMA (21): | 1.2003 | |
Parabolic SAR (0,02-0,02-0,2): | 1.2011 | |
Elder Ray (13): | -0.0003 | |
Super Trend (3,10): | 1.2012 | |
Zig ZAG (10): | 1.2000 | |
VORTEX (21): | 0.9326 | |
Stochastique (14,3,5): | 31.58 | |
TEMA (21): | 1.2001 | |
Williams %R (14): | -68.42 | |
Chande Momentum Oscillator (20): | -0.0001 | |
Repulse (5,40,3): | -0.0029 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0002 | |
Courbe Coppock: | 0.06 |
MA7: | 1.2051 | |
MA20: | 1.2023 | |
MA50: | 1.1944 | |
MA100: | 1.2050 | |
MAexp7: | 1.2001 | |
MAexp20: | 1.2004 | |
MAexp50: | 1.2004 | |
MAexp100: | 1.2006 | |
Price / MA7: | -0.43% | |
Price / MA20: | -0.20% | |
Price / MA50: | +0.46% | |
Price / MA100: | -0.42% | |
Price / MAexp7: | -0.02% | |
Price / MAexp20: | -0.04% | |
Price / MAexp50: | -0.04% | |
Price / MAexp100: | -0.06% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/USD at the time of the generation of this analysis was as follows:
- EUR/USD and GBP/USD Forecast May 6, 2021
- EUR/USD Technical Analysis for May 6, 2021 by FXEmpire
- EUR/USD Daily Forecast - Test Of Support At 1.1990
- EUR/USD and GBP/USD Forecast May 5, 2021
- EUR/USD Technical Analysis for May 5, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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…
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