EUR/USD

- USD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURUSD
ISIN:

EUR/USD - Daily - Technical analysis published on 06/16/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

33%

44%

22%

My opinion

Bearish under 1.0655 USD

My targets

1.0503 USD (-0.0050)

1.0378 USD (-0.0175)

My analysis

The bearish basic trend is very strong on EUR/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 1.0655 USD. Crossing the first support at 1.0503 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1.0378 USD as an objective. Caution, a return to above the resistance located at 1.0655 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

5.9

Comment on the analysis

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 ASHIQ ALI. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EUR/USD rating 1.0553 USD. On the day, this instrument gained +0.92% and was between 1.0381 USD and 1.0602 USD. This implies that the price is at +1.66% from its lowest and at -0.46% from its highest.

1.0381

1.0602

1.0553

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 results:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this EUR/USD chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Daily

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 4 are neutral and 8 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	1.0378	1.0503	1.0553	1.0655	1.0774	1.1213
Change (%)	-1.66%	-0.47%	-	+0.97%	+2.09%	+6.25%
Change	-0.0175	-0.0050	-	+0.0102	+0.0221	+0.0660
Level	Major	Intermediate	-	Major	Major	Major

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	1.0226	1.0292	1.0375	1.0441	1.0524	1.0590	1.0673
Camarilla	1.0416	1.0430	1.0443	1.0457	1.0471	1.0484	1.0498
Woodie	1.0234	1.0296	1.0383	1.0445	1.0532	1.0594	1.0681
Fibonacci	1.0292	1.0349	1.0384	1.0441	1.0498	1.0533	1.0590

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0157	1.0332	1.0425	1.0600	1.0693	1.0868	1.0961
Camarilla	1.0445	1.0470	1.0494	1.0519	1.0544	1.0568	1.0593
Woodie	1.0117	1.0312	1.0385	1.0580	1.0653	1.0848	1.0921
Fibonacci	1.0332	1.0434	1.0497	1.0600	1.0702	1.0765	1.0868

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0023	1.0187	1.0460	1.0624	1.0897	1.1061	1.1334
Camarilla	1.0614	1.0654	1.0694	1.0734	1.0774	1.0814	1.0854
Woodie	1.0079	1.0214	1.0516	1.0651	1.0953	1.1088	1.1390
Fibonacci	1.0187	1.0354	1.0457	1.0624	1.0791	1.0894	1.1061

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):	45.87
MACD (12,26,9):	-0.0042
Directional Movement:	-9.2147
AROON (14):	-85.7142
DEMA (21):	1.0548
Parabolic SAR (0,02-0,02-0,2):	1.0667
Elder Ray (13):	-0.0081
Super Trend (3,10):	1.0738
Zig ZAG (10):	1.0553
VORTEX (21):	0.9641
Stochastique (14,3,5):	26.08
TEMA (21):	1.0540
Williams %R (14):	-54.67
Chande Momentum Oscillator (20):	-0.0182
Repulse (5,40,3):	0.8839
ROCnROLL:	2
TRIX (15,9):	-0.0177
Courbe Coppock:	2.89

MA7:	1.0531
MA20:	1.0643
MA50:	1.0643
MA100:	1.0895
MAexp7:	1.0533
MAexp20:	1.0594
MAexp50:	1.0683
MAexp100:	1.0851
Price / MA7:	+0.21%
Price / MA20:	-0.85%
Price / MA50:	-0.85%
Price / MA100:	-3.14%
Price / MAexp7:	+0.19%
Price / MAexp20:	-0.39%
Price / MAexp50:	-1.22%
Price / MAexp100:	-2.75%

Quotes : - Real time data - 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:

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

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