EUR/USD - 15 min. - Technical analysis published on 01/06/2023 (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 bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 1.0556 USD
My targets
1.0480 USD (-0.0039)
1.0439 USD (-0.0080)
My analysis
The bearish trend is currently very strong for EUR/USD. As long as the price remains below the resistance at 1.0556 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.0480 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.0439 USD as an objective. Crossing it would then enable sellers to target 1.0363 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7
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Additional analysis
Quotes
EUR/USD rating 1.0519 USD. The price is lower by -0.02% since the last closing with the lowest point at 1.0511 USD and the highest point at 1.0537 USD. The deviation from the price is +0.08% for the low point and -0.17% for the high point.1.0511
1.0537
1.0519
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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 15 min. chart of EUR/USD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 3
Type : Neutral
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:
Near support of channel
Type : Bullish
Timeframe : 15 minutes
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0129 | 1.0378 | 1.0519 | 1.0519 | 1.0581 | 1.0629 | 1.0655 |
| Change (%) | -3.71% | -1.34% | 0% | - | +0.59% | +1.05% | +1.29% |
| Change | -0.0390 | -0.0141 | 0 | - | +0.0062 | +0.0110 | +0.0136 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0363 | 1.0439 | 1.0480 | 1.0556 | 1.0597 | 1.0673 | 1.0714 |
| Camarilla | 1.0489 | 1.0500 | 1.0510 | 1.0521 | 1.0532 | 1.0543 | 1.0553 |
| Woodie | 1.0346 | 1.0430 | 1.0463 | 1.0547 | 1.0580 | 1.0664 | 1.0697 |
| Fibonacci | 1.0439 | 1.0484 | 1.0511 | 1.0556 | 1.0601 | 1.0628 | 1.0673 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0513 | 1.0556 | 1.0628 | 1.0671 | 1.0743 | 1.0786 | 1.0858 |
| Camarilla | 1.0668 | 1.0679 | 1.0690 | 1.0700 | 1.0711 | 1.0721 | 1.0732 |
| Woodie | 1.0528 | 1.0563 | 1.0643 | 1.0678 | 1.0758 | 1.0793 | 1.0873 |
| Fibonacci | 1.0556 | 1.0600 | 1.0627 | 1.0671 | 1.0715 | 1.0742 | 1.0786 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0140 | 1.0267 | 1.0483 | 1.0610 | 1.0826 | 1.0953 | 1.1169 |
| Camarilla | 1.0606 | 1.0637 | 1.0669 | 1.0700 | 1.0731 | 1.0763 | 1.0794 |
| Woodie | 1.0186 | 1.0289 | 1.0529 | 1.0632 | 1.0872 | 1.0975 | 1.1215 |
| Fibonacci | 1.0267 | 1.0398 | 1.0479 | 1.0610 | 1.0741 | 1.0822 | 1.0953 |
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): | 34.83 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -14.4432 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 1.0524 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0533 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 1.0532 | |
| Zig ZAG (10): | 1.0518 | |
| VORTEX (21): | 0.9478 | |
| Stochastique (14,3,5): | 9.07 | |
| TEMA (21): | 1.0524 | |
| Williams %R (14): | -82.61 | |
| Chande Momentum Oscillator (20): | -0.0012 | |
| Repulse (5,40,3): | -0.0571 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.07 |
| MA7: | 1.0603 | |
| MA20: | 1.0613 | |
| MA50: | 1.0409 | |
| MA100: | 1.0150 | |
| MAexp7: | 1.0523 | |
| MAexp20: | 1.0526 | |
| MAexp50: | 1.0533 | |
| MAexp100: | 1.0549 | |
| Price / MA7: | -0.79% | |
| Price / MA20: | -0.89% | |
| Price / MA50: | +1.06% | |
| Price / MA100: | +3.64% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -0.28% |
Quotes :
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Real time data
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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:
-
VIX Says the S&P 500 Is a Sitting Duck Ahead of NFPs, EURUSD Volatility Stoked by Fed Forecasts
-
EUR/USD Forecast for 06.01.23, by Bruce Powers for FXEmpire
-
EUR/USD Forecast January 6, 2023
-
EUR/USD Technical Analysis for January 06, 2023 by FXEmpire
-
EURUSD Breakout Falters as Market Doubts Fed Commitment
This member declared not having a position on this financial instrument or a related financial instrument.
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