EUR/USD

- USD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURUSD
ISIN:

EUR/USD - Daily - Technical analysis published on 10/03/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

44%

28%

My opinion

Bearish under 1.0029 USD

My targets

0.9493 USD (-0.0286)

0.9183 USD (-0.0596)

My analysis

The bearish trend is currently very strong for EUR/USD. As long as the price remains below the resistance at 1.0029 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.9493 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.9183 USD as an objective. Crossing it would then enable sellers to target 0.8831 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.6

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 Maciej Mazur. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/USD rating is 0.9779 USD. The price is lower by -0.24% since the last closing and was traded between 0.9753 USD and 0.9835 USD over the period. The price is currently at +0.27% from its lowest and -0.57% from its highest.

0.9753

0.9835

0.9779

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

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by EUR/USD:

The Central Records scanner for higher/lower results shows the following items:

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

Technical analysis of this Daily chart of EUR/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 5 are neutral and 8 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.

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

Near horizontal resistance

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.9779	1.0029	1.0378	1.0655
Change (%)	-	+2.56%	+6.13%	+8.96%
Change	-	+0.0250	+0.0599	+0.0876
Level	-	Intermediate	Minor	Intermediate

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	0.9621	0.9678	0.9740	0.9797	0.9859	0.9916	0.9978
Camarilla	0.9769	0.9780	0.9791	0.9802	0.9813	0.9824	0.9835
Woodie	0.9624	0.9679	0.9743	0.9798	0.9862	0.9917	0.9981
Fibonacci	0.9678	0.9724	0.9752	0.9797	0.9843	0.9871	0.9916

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9289	0.9413	0.9607	0.9731	0.9925	1.0049	1.0243
Camarilla	0.9715	0.9744	0.9773	0.9802	0.9831	0.9860	0.9890
Woodie	0.9325	0.9431	0.9643	0.9749	0.9961	1.0067	1.0279
Fibonacci	0.9413	0.9534	0.9609	0.9731	0.9852	0.9927	1.0049

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8831	0.9183	0.9493	0.9845	1.0155	1.0507	1.0817
Camarilla	0.9620	0.9681	0.9741	0.9802	0.9863	0.9923	0.9984
Woodie	0.8809	0.9173	0.9471	0.9835	1.0133	1.0497	1.0795
Fibonacci	0.9183	0.9436	0.9592	0.9845	1.0098	1.0254	1.0507

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	41.97
MACD (12,26,9):	-0.0084
Directional Movement:	-5.0219
AROON (14):	-78.5714
DEMA (21):	0.9747
Parabolic SAR (0,02-0,02-0,2):	0.9854
Elder Ray (13):	-0.0018
Super Trend (3,10):	0.9976
Zig ZAG (10):	0.9778
VORTEX (21):	0.9200
Stochastique (14,3,5):	43.97
TEMA (21):	0.9724
Williams %R (14):	-53.40
Chande Momentum Oscillator (20):	-0.0212
Repulse (5,40,3):	0.5736
ROCnROLL:	2
TRIX (15,9):	-0.1119
Courbe Coppock:	5.21

MA7:	0.9717
MA20:	0.9886
MA50:	1.0023
MA100:	1.0239
MAexp7:	0.9775
MAexp20:	0.9856
MAexp50:	1.0004
MAexp100:	1.0212
Price / MA7:	+0.64%
Price / MA20:	-1.08%
Price / MA50:	-2.43%
Price / MA100:	-4.49%
Price / MAexp7:	+0.04%
Price / MAexp20:	-0.78%
Price / MAexp50:	-2.25%
Price / MAexp100:	-4.24%

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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