EUR/USD - 15 min. - Technical analysis published on 08/20/2021 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 1.1661 USD
My targets
1.1699 USD (+0.0014)
1.1720 USD (+0.0035)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on EUR/USD as long as the price remains well above 1.1661 USD. The buyers' bullish objective is set at 1.1699 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1720 USD. If there is any crossing, the next objective would be the resistance located at 1.1737 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.5
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Additional analysis
Quotes
The EUR/USD price is 1.1685 USD. The price has increased by +0.07% since the last closing and was between 1.1675 USD and 1.1688 USD. This implies that the price is at +0.09% from its lowest and at -0.03% from its highest.1.1675
1.1688
1.1685
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of EUR/USD indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
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 | 1.1216 | 1.1548 | 1.1666 | 1.1685 | 1.1690 | 1.1703 | 1.1743 |
| Change (%) | -4.01% | -1.17% | -0.16% | - | +0.04% | +0.15% | +0.50% |
| Change | -0.0469 | -0.0137 | -0.0019 | - | +0.0005 | +0.0018 | +0.0058 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Intermediate | Major |
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 | 1.1623 | 1.1644 | 1.1661 | 1.1682 | 1.1699 | 1.1720 | 1.1737 |
| Camarilla | 1.1667 | 1.1670 | 1.1674 | 1.1677 | 1.1681 | 1.1684 | 1.1688 |
| Woodie | 1.1620 | 1.1643 | 1.1658 | 1.1681 | 1.1696 | 1.1719 | 1.1734 |
| Fibonacci | 1.1644 | 1.1659 | 1.1668 | 1.1682 | 1.1697 | 1.1706 | 1.1720 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1633 | 1.1670 | 1.1732 | 1.1769 | 1.1831 | 1.1868 | 1.1930 |
| Camarilla | 1.1768 | 1.1777 | 1.1786 | 1.1795 | 1.1804 | 1.1813 | 1.1822 |
| Woodie | 1.1647 | 1.1676 | 1.1746 | 1.1775 | 1.1845 | 1.1874 | 1.1944 |
| Fibonacci | 1.1670 | 1.1708 | 1.1731 | 1.1769 | 1.1807 | 1.1830 | 1.1868 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1621 | 1.1687 | 1.1778 | 1.1844 | 1.1935 | 1.2001 | 1.2092 |
| Camarilla | 1.1827 | 1.1841 | 1.1856 | 1.1870 | 1.1884 | 1.1899 | 1.1913 |
| Woodie | 1.1635 | 1.1693 | 1.1792 | 1.1850 | 1.1949 | 1.2007 | 1.2106 |
| Fibonacci | 1.1687 | 1.1747 | 1.1784 | 1.1844 | 1.1904 | 1.1941 | 1.2001 |
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): | 62.31 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 10.4946 | |
| AROON (14): | 21.4285 | |
| DEMA (21): | 1.1681 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1675 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 1.1674 | |
| Zig ZAG (10): | 1.1684 | |
| VORTEX (21): | 1.0759 | |
| Stochastique (14,3,5): | 72.96 | |
| TEMA (21): | 1.1683 | |
| Williams %R (14): | -30.77 | |
| Chande Momentum Oscillator (20): | 0.0002 | |
| Repulse (5,40,3): | 0.0062 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0003 | |
| Courbe Coppock: | 0.05 |
| MA7: | 1.1726 | |
| MA20: | 1.1784 | |
| MA50: | 1.1839 | |
| MA100: | 1.1965 | |
| MAexp7: | 1.1683 | |
| MAexp20: | 1.1681 | |
| MAexp50: | 1.1682 | |
| MAexp100: | 1.1686 | |
| Price / MA7: | -0.35% | |
| Price / MA20: | -0.84% | |
| Price / MA50: | -1.30% | |
| Price / MA100: | -2.34% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | -0.01% |
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:
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EUR/USD and GBP/USD Forecast August 20, 2021
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EUR/USD Technical Analysis for August 20, 2021 by FXEmpire
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Dow Takes a Nasty Tumble to Stage Thursday Trade, EURUSD Holds 1.1700 Despite FOMC Minutes
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EUR/USD and GBP/USD Forecast August 19, 2021
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EUR/USD Technical Analysis for August 19, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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