EUR/USD - 15 min. - Technical analysis published on 01/16/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 1.0871 USD
My targets
1.0783 USD (-0.0044)
1.0738 USD (-0.0089)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.0871 USD remains possible. It is advisable to trade EUR/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.0871 USD. The next bearish objective for sellers is set at 1.0783 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0738 USD. In case of crossing, the next objective would be the support located at 1.0695 USD. PS: if there is a bullish break in the resistance located at 1.0871 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2.1
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Additional analysis
Quotes
The EUR/USD price is 1.0827 USD. The price registered a decrease of -0.02% on the session with the lowest point at 1.0801 USD and the highest point at 1.0874 USD. The deviation from the price is +0.24% for the low point and -0.43% for the high point.1.0801
1.0874
1.0827
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.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 15 min. shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
In fact, only 9 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
RSI indicator is back under 50
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : 15 minutes
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.0582 | 1.0655 | 1.0774 | 1.0827 | 1.0839 | 1.0895 | 1.1561 |
Change (%) | -2.26% | -1.59% | -0.49% | - | +0.11% | +0.63% | +6.78% |
Change | -0.0245 | -0.0172 | -0.0053 | - | +0.0012 | +0.0068 | +0.0734 |
Level | Minor | Major | Major | - | Intermediate | Major | Intermediate |
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 | 1.0695 | 1.0738 | 1.0783 | 1.0826 | 1.0871 | 1.0914 | 1.0959 |
Camarilla | 1.0805 | 1.0813 | 1.0821 | 1.0829 | 1.0837 | 1.0845 | 1.0853 |
Woodie | 1.0697 | 1.0739 | 1.0785 | 1.0827 | 1.0873 | 1.0915 | 1.0961 |
Fibonacci | 1.0738 | 1.0771 | 1.0792 | 1.0826 | 1.0859 | 1.0880 | 1.0914 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0449 | 1.0540 | 1.0685 | 1.0776 | 1.0921 | 1.1012 | 1.1157 |
Camarilla | 1.0764 | 1.0786 | 1.0807 | 1.0829 | 1.0851 | 1.0872 | 1.0894 |
Woodie | 1.0475 | 1.0554 | 1.0711 | 1.0790 | 1.0947 | 1.1026 | 1.1183 |
Fibonacci | 1.0540 | 1.0631 | 1.0686 | 1.0776 | 1.0867 | 1.0922 | 1.1012 |
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 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): | 47.72 | |
MACD (12,26,9): | -0.0003 | |
Directional Movement: | -1.0685 | |
AROON (14): | -35.7143 | |
DEMA (21): | 1.0817 | |
Parabolic SAR (0,02-0,02-0,2): | 1.0809 | |
Elder Ray (13): | -0.0001 | |
Super Trend (3,10): | 1.0834 | |
Zig ZAG (10): | 1.0820 | |
VORTEX (21): | 0.9571 | |
Stochastique (14,3,5): | 59.38 | |
TEMA (21): | 1.0818 | |
Williams %R (14): | -36.36 | |
Chande Momentum Oscillator (20): | -0.0003 | |
Repulse (5,40,3): | -0.0064 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.0052 | |
Courbe Coppock: | 0.14 |
MA7: | 1.0771 | |
MA20: | 1.0673 | |
MA50: | 1.0521 | |
MA100: | 1.0200 | |
MAexp7: | 1.0819 | |
MAexp20: | 1.0821 | |
MAexp50: | 1.0827 | |
MAexp100: | 1.0829 | |
Price / MA7: | +0.52% | |
Price / MA20: | +1.44% | |
Price / MA50: | +2.91% | |
Price / MA100: | +6.15% | |
Price / MAexp7: | +0.07% | |
Price / MAexp20: | +0.06% | |
Price / MAexp50: | -0% | |
Price / MAexp100: | -0.02% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on EUR/USD at the time of the analysis were as follows:
- EUR/USD Technical Analysis for January 17, 2023 by FXEmpire
- Technical Analysis: 16/01/2023 - EURUSD storms to a fresh 8-month high
- EUR/USD Forecast for 16.01.23, by Bruce Powers for FXEmpire
- EUR/USD Forecast January 16, 2023
- EUR/USD Technical Analysis for the Week of January 16, 2023 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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