EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
Open: -
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High / Low range: -
Type: Forex
Ticker: EURUSD
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EUR/USD - 15 min. - Technical analysis published on 06/14/2021 (GMT)

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  • Timeframe : 15 min.
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  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.2132 USD
My targets
1.2069 USD (-0.0030)
1.2031 USD (-0.0068)
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 1.2132 USD. The next support located at 1.2069 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 1.2031 USD. Below this support, sellers could then target 1.1968 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.8

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 Meeko. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The EUR/USD price is 1.2099 USD. The price is lower by -0.07% since the last closing with the lowest point at 1.2094 USD and the highest point at 1.2113 USD. The deviation from the price is +0.04% for the low point and -0.12% for the high point.

1.2094
1.2113
1.2099

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

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 sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 15 minutes



In fact, 11 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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 several results that can have an impact on the price change:

Central Patterns

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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.1856 1.2059 1.2093 1.2099 1.2104 1.2118 1.2143
Change (%) -2.01% -0.33% -0.05% - +0.04% +0.16% +0.36%
Change -0.0243 -0.0040 -0.0006 - +0.0005 +0.0019 +0.0044
Level Minor Major Minor - Major Minor Intermediate



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
Standard1.19681.20311.20691.21321.21701.22331.2271
Camarilla1.20801.20901.20991.21081.21171.21271.2136
Woodie1.19571.20251.20581.21261.21591.22271.2260
Fibonacci1.20311.20691.20931.21321.21701.21941.2233


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.19361.20151.20611.21401.21861.22651.2311
Camarilla1.20741.20851.20971.21081.21201.21311.2142
Woodie1.19211.20071.20461.21321.21711.22571.2296
Fibonacci1.20151.20621.20921.21401.21871.22171.2265


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.17751.18811.20561.21621.23371.24431.2618
Camarilla1.21551.21811.22061.22321.22581.22841.2309
Woodie1.18111.18981.20921.21791.23731.24601.2654
Fibonacci1.18811.19881.20541.21621.22691.23351.2443

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): 35.20
MACD (12,26,9): -0.0003
Directional Movement: -15.9480
AROON (14): -100.0000
DEMA (21): 1.2099
Parabolic SAR (0,02-0,02-0,2): 1.2103
Elder Ray (13): -0.0005
Super Trend (3,10): 1.2108
Zig ZAG (10): 1.2098
VORTEX (21): 0.8293
Stochastique (14,3,5): 31.25
TEMA (21): 1.2098
Williams %R (14): -58.33
Chande Momentum Oscillator (20): -0.0002
Repulse (5,40,3): -0.0032
ROCnROLL: 2
TRIX (15,9): -0.0024
Courbe Coppock: 0.11
MA7: 1.2155
MA20: 1.2185
MA50: 1.2096
MA100: 1.2042
MAexp7: 1.2099
MAexp20: 1.2102
MAexp50: 1.2109
MAexp100: 1.2123
Price / MA7: -0.46%
Price / MA20: -0.71%
Price / MA50: +0.02%
Price / MA100: +0.47%
Price / MAexp7: -0%
Price / MAexp20: -0.02%
Price / MAexp50: -0.08%
Price / MAexp100: -0.20%

Quotes : - Real time data - Forex

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

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