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 - Weekly - Technical analysis published on 01/14/2022 (GMT)

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  • Timeframe : Weekly
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 1.1561 USD
My targets
1.1213 USD (-0.0203)
1.0899 USD (-0.0517)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/USD as long as the price remains well below 1.1561 USD. The sellers' bearish objective is set at 1.1213 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0899 USD. In case of crossing, the next objective would be the support located at 1.0655 USD.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.1

This analysis was given by Maciej Mazur. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Daily
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.

Additional analysis

Quotes

EUR/USD rating 1.1416 USD. Over 5 days, this instrument gained +0.48% and was traded between 1.1285 USD and 1.1482 USD over the period. The price is currently at +1.16% from its lowest point and -0.57% from its highest point.

1.1285
1.1482
1.1416

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by EUR/USD:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of EUR/USD in Weekly shows an overall bearish trend. 75.00% 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 scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 6 are bullish, 7 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Weekly


Parabolic SAR indicator bullish reversal

Type : Bullish

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:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : Weekly



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : Weekly




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0655 1.0899 1.1213 1.1416 1.1561 1.1723 1.1946
Change (%) -6.67% -4.53% -1.78% - +1.27% +2.69% +4.64%
Change -0.0761 -0.0517 -0.0203 - +0.0145 +0.0307 +0.0530
Level Major Minor Major - Major Major Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.13861.14111.14331.14581.14801.15051.1527
Camarilla1.14431.14471.14521.14561.14601.14651.1469
Woodie1.13861.14101.14331.14571.14801.15041.1527
Fibonacci1.14111.14291.14401.14581.14761.14871.1505


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.11871.12301.12951.13381.14031.14461.1511
Camarilla1.13311.13411.13511.13611.13711.13811.1391
Woodie1.11991.12361.13071.13441.14151.14521.1523
Fibonacci1.12301.12711.12961.13381.13791.14041.1446


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.11051.11641.12701.13291.14351.14941.1600
Camarilla1.13321.13471.13621.13771.13921.14071.1422
Woodie1.11301.11761.12951.13411.14601.15061.1625
Fibonacci1.11641.12271.12661.13291.13921.14311.1494

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): 41.73
MACD (12,26,9): -0.0131
Directional Movement: -5.8074
AROON (14): -28.5714
DEMA (21): 1.1312
Parabolic SAR (0,02-0,02-0,2): 1.1186
Elder Ray (13): -0.0033
Super Trend (3,10): 1.1671
Zig ZAG (10): 1.1417
VORTEX (21): 0.8614
Stochastique (14,3,5): 38.40
TEMA (21): 1.1261
Williams %R (14): -54.55
Chande Momentum Oscillator (20): -0.0224
Repulse (5,40,3): 1.4151
ROCnROLL: -1
TRIX (15,9): -0.1747
Courbe Coppock: 5.64
MA7: 1.1381
MA20: 1.1340
MA50: 1.1334
MA100: 1.1506
MAexp7: 1.1371
MAexp20: 1.1486
MAexp50: 1.1642
MAexp100: 1.1638
Price / MA7: +0.31%
Price / MA20: +0.67%
Price / MA50: +0.72%
Price / MA100: -0.78%
Price / MAexp7: +0.40%
Price / MAexp20: -0.61%
Price / MAexp50: -1.94%
Price / MAexp100: -1.91%

Quotes : - Real time data - Forex

News


The latest news and videos published on EUR/USD at the time of the analysis were as follows:

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

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