EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURUSD
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EUR/USD - 15 min. - Technical analysis published on 01/17/2022 (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 bullish
Underlying: Slightly bearish
Technical indicators
72%
6%
22%
My opinion
Bullish above 1.1381 USD
My targets
1.1432 USD (+0.0013)
1.1466 USD (+0.0047)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for EUR/USD as long as the price remains well above 1.1381 USD. The buyers' bullish objective is set at 1.1432 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1466 USD. If there is any crossing, the next objective would be the resistance located at 1.1517 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 1.1432 USD. On this resistance, against the trend traders who would like to go short on EUR/USD with a bearish signal from their trading strategy, should not hesitate to act.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.5

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

Additional analysis

Quotes

EUR/USD rating 1.1419 USD. The price registered an increase of +0.04% on the session and was traded between 1.1400 USD and 1.1422 USD over the period. The price is currently at +0.17% from its lowest and -0.03% from its highest.

1.1400
1.1422
1.1419

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of EUR/USD indicates that the overall trend is slightly bearish. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 15 minutes


Resistance of channel is broken

Type : Bullish

Timeframe : 15 minutes



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.1347 1.1377 1.1398 1.1419 1.1436 1.1452 1.1483
Change (%) -0.63% -0.37% -0.18% - +0.15% +0.29% +0.56%
Change -0.0072 -0.0042 -0.0021 - +0.0017 +0.0033 +0.0064
Level Minor Major Minor - Minor Minor 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
Standard1.12961.13471.13811.14321.14661.15171.1551
Camarilla1.13921.13991.14071.14151.14231.14311.1438
Woodie1.12881.13431.13731.14281.14581.15131.1543
Fibonacci1.13471.13801.14001.14321.14651.14851.1517


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.11081.11961.13061.13941.15041.15921.1702
Camarilla1.13611.13791.13971.14151.14331.14511.1470
Woodie1.11181.12021.13161.14001.15141.15981.1712
Fibonacci1.11961.12721.13191.13941.14701.15171.1592


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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 56.66
MACD (12,26,9): 0.0001
Directional Movement: 4.2298
AROON (14): 78.5714
DEMA (21): 1.1414
Parabolic SAR (0,02-0,02-0,2): 1.1409
Elder Ray (13): 0.0002
Super Trend (3,10): 1.1419
Zig ZAG (10): 1.1419
VORTEX (21): 1.1196
Stochastique (14,3,5): 85.63
TEMA (21): 1.1418
Williams %R (14): -14.29
Chande Momentum Oscillator (20): 0.0012
Repulse (5,40,3): -0.0131
ROCnROLL: -1
TRIX (15,9): 0.0000
Courbe Coppock: 0.18
MA7: 1.1398
MA20: 1.1347
MA50: 1.1331
MA100: 1.1503
MAexp7: 1.1417
MAexp20: 1.1414
MAexp50: 1.1417
MAexp100: 1.1427
Price / MA7: +0.18%
Price / MA20: +0.63%
Price / MA50: +0.78%
Price / MA100: -0.73%
Price / MAexp7: +0.02%
Price / MAexp20: +0.04%
Price / MAexp50: +0.02%
Price / MAexp100: -0.07%

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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