EUR/USD - 15 min. - Technical analysis published on 06/17/2021 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
28%
28%
My opinion
Bearish under 1.2039 USD
My targets
1.1942 USD (-0.0053)
1.1890 USD (-0.0105)
My analysis
The bearish trend is currently very strong for EUR/USD. As long as the price remains below the resistance at 1.2039 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.1942 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.1890 USD as an objective. Crossing it would then enable sellers to target 1.1793 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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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 1.1995 USD. On the day, this instrument gained +0.00% with the lowest point at 1.1984 USD and the highest point at 1.2005 USD. The deviation from the price is +0.09% for the low point and -0.08% for the high point.1.1984
1.2005
1.1995
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/USD in 15 min. shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1641 | 1.1722 | 1.1856 | 1.1995 | 1.2059 | 1.2094 | 1.2148 |
| Change (%) | -2.95% | -2.28% | -1.16% | - | +0.53% | +0.83% | +1.28% |
| Change | -0.0354 | -0.0273 | -0.0139 | - | +0.0064 | +0.0099 | +0.0153 |
| Level | Minor | Intermediate | Minor | - | Major | Intermediate | 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 | 1.1793 | 1.1890 | 1.1942 | 1.2039 | 1.2091 | 1.2188 | 1.2240 |
| Camarilla | 1.1954 | 1.1968 | 1.1981 | 1.1995 | 1.2009 | 1.2022 | 1.2036 |
| Woodie | 1.1772 | 1.1879 | 1.1921 | 1.2028 | 1.2070 | 1.2177 | 1.2219 |
| Fibonacci | 1.1890 | 1.1947 | 1.1982 | 1.2039 | 1.2096 | 1.2131 | 1.2188 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1936 | 1.2015 | 1.2061 | 1.2140 | 1.2186 | 1.2265 | 1.2311 |
| Camarilla | 1.2074 | 1.2085 | 1.2097 | 1.2108 | 1.2120 | 1.2131 | 1.2142 |
| Woodie | 1.1921 | 1.2007 | 1.2046 | 1.2132 | 1.2171 | 1.2257 | 1.2296 |
| Fibonacci | 1.2015 | 1.2062 | 1.2092 | 1.2140 | 1.2187 | 1.2217 | 1.2265 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1775 | 1.1881 | 1.2056 | 1.2162 | 1.2337 | 1.2443 | 1.2618 |
| Camarilla | 1.2155 | 1.2181 | 1.2206 | 1.2232 | 1.2258 | 1.2284 | 1.2309 |
| Woodie | 1.1811 | 1.1898 | 1.2092 | 1.2179 | 1.2373 | 1.2460 | 1.2654 |
| Fibonacci | 1.1881 | 1.1988 | 1.2054 | 1.2162 | 1.2269 | 1.2335 | 1.2443 |
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): | 39.08 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -12.9505 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 1.1991 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2005 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 1.2011 | |
| Zig ZAG (10): | 1.1995 | |
| VORTEX (21): | 1.0161 | |
| Stochastique (14,3,5): | 60.23 | |
| TEMA (21): | 1.2000 | |
| Williams %R (14): | -52.63 | |
| Chande Momentum Oscillator (20): | 0.0006 | |
| Repulse (5,40,3): | -0.0486 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0102 | |
| Courbe Coppock: | 0.14 |
| MA7: | 1.2100 | |
| MA20: | 1.2162 | |
| MA50: | 1.2106 | |
| MA100: | 1.2040 | |
| MAexp7: | 1.1999 | |
| MAexp20: | 1.2000 | |
| MAexp50: | 1.2023 | |
| MAexp100: | 1.2055 | |
| Price / MA7: | -0.87% | |
| Price / MA20: | -1.37% | |
| Price / MA50: | -0.92% | |
| Price / MA100: | -0.37% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | -0.50% |
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:
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EUR/USD and GBP/USD Forecast June 17, 2021
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EUR/USD Technical Analysis for June 17, 2021 by FXEmpire
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Pre-FOMC USD Price Action Setups: EUR/USD, GBP/USD, USD/CAD
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EUR/USD and GBP/USD Forecast June 16, 2021
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EUR/USD Technical Analysis for June 16, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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