EUR/USD - Weekly - Technical analysis published on 01/22/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.0655 USD
My targets
1.1169 USD (+0.0312)
1.1561 USD (+0.0704)
My analysis
The strong short-term increase in EUR/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 1.0655 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 1.1169 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.1561 USD as an objective. Crossing it would then enable buyers to target 1.1950 USD. Caution, a return under 1.0655 USD could jeopardize the reversal.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.2
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This analysis was given by shaunkc. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.0857 USD. The price registered an increase of +0.26% over 5 days and has been traded over the last 5 days between 1.0766 USD and 1.0888 USD. This implies that the 5 day price is +0.85% from its lowest point and -0.28% from its highest point.1.0766
1.0888
1.0857
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this EUR/USD chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Weekly
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 | 1.0655 | 1.0857 | 1.0899 | 1.1561 | 1.1950 |
| Change (%) | -6.71% | -4.41% | -1.86% | - | +0.39% | +6.48% | +10.07% |
| Change | -0.0728 | -0.0479 | -0.0202 | - | +0.0042 | +0.0704 | +0.1093 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Minor |
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 | 1.0763 | 1.0782 | 1.0820 | 1.0839 | 1.0877 | 1.0896 | 1.0934 |
| Camarilla | 1.0841 | 1.0847 | 1.0852 | 1.0857 | 1.0862 | 1.0868 | 1.0873 |
| Woodie | 1.0772 | 1.0787 | 1.0829 | 1.0844 | 1.0886 | 1.0901 | 1.0943 |
| Fibonacci | 1.0782 | 1.0804 | 1.0818 | 1.0839 | 1.0861 | 1.0875 | 1.0896 |
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): | 68.00 | |
| MACD (12,26,9): | 0.0120 | |
| Directional Movement: | 11.9216 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 1.0539 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0295 | |
| Elder Ray (13): | 0.0298 | |
| Super Trend (3,10): | 1.0200 | |
| Zig ZAG (10): | 1.0857 | |
| VORTEX (21): | 1.1784 | |
| Stochastique (14,3,5): | 95.30 | |
| TEMA (21): | 1.0790 | |
| Williams %R (14): | -2.62 | |
| Chande Momentum Oscillator (20): | 0.0892 | |
| Repulse (5,40,3): | 2.7707 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0198 | |
| Courbe Coppock: | 16.91 |
| MA7: | 1.0828 | |
| MA20: | 1.0715 | |
| MA50: | 1.0574 | |
| MA100: | 1.0234 | |
| MAexp7: | 1.0676 | |
| MAexp20: | 1.0445 | |
| MAexp50: | 1.0552 | |
| MAexp100: | 1.0860 | |
| Price / MA7: | +0.27% | |
| Price / MA20: | +1.33% | |
| Price / MA50: | +2.68% | |
| Price / MA100: | +6.09% | |
| Price / MAexp7: | +1.70% | |
| Price / MAexp20: | +3.94% | |
| Price / MAexp50: | +2.89% | |
| Price / MAexp100: | -0.03% |
Quotes :
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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 Forecast for 23.01.23, by Bruce Powers for FXEmpire
-
EUR/USD Forecast January 23, 2023
-
EUR/USD Technical Analysis for the Week of January 23, 2023 by FXEmpire
-
EUR/USD Technical Analysis for January 23, 2023 by FXEmpire
-
EURUSD and S&P 500 Flirt With – But Avoid – The Breaks Traders Were Looking For
This member declared not having a position on this financial instrument or a related financial instrument.
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