EUR/USD - 15 min. - Technical analysis published on 02/09/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 1.0728 USD
My targets
1.0748 USD (+0.0012)
1.0780 USD (+0.0044)
My analysis
A bullish trend on EUR/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 1.0728 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 1.0748 USD. Then the price could move towards 1.0780 USD. Then 1.0800 USD by extension. Be careful, a return below 1.0728 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
4.6
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This analysis was given by MagicMizrahi. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.0736 USD. On the day, this instrument gained +0.20% and was traded between 1.0709 USD and 1.0745 USD over the period. The price is currently at +0.25% from its lowest and -0.08% from its highest.1.0709
1.0745
1.0736
Here is a more detailed summary of the historical variations registered by EUR/USD:
Near a new HIGH record (1st january)
Type : Bullish
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 bullish. 75.00% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
In fact, only 7 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
RSI indicator is back under 50
Type : Bearish
Timeframe : 15 minutes
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 15 minutes
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 15 minutes
Support of channel is broken
Type : Bearish
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 | 1.0638 | 1.0669 | 1.0710 | 1.0736 | 1.0801 | 1.0852 | 1.0899 |
| Change (%) | -0.91% | -0.62% | -0.24% | - | +0.61% | +1.08% | +1.52% |
| Change | -0.0098 | -0.0067 | -0.0026 | - | +0.0065 | +0.0116 | +0.0163 |
| Level | Major | Intermediate | Minor | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0644 | 1.0676 | 1.0696 | 1.0728 | 1.0748 | 1.0780 | 1.0800 |
| Camarilla | 1.0701 | 1.0706 | 1.0710 | 1.0715 | 1.0720 | 1.0725 | 1.0729 |
| Woodie | 1.0637 | 1.0673 | 1.0689 | 1.0725 | 1.0741 | 1.0777 | 1.0793 |
| Fibonacci | 1.0676 | 1.0696 | 1.0709 | 1.0728 | 1.0748 | 1.0761 | 1.0780 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0473 | 1.0632 | 1.0714 | 1.0873 | 1.0955 | 1.1114 | 1.1196 |
| Camarilla | 1.0729 | 1.0751 | 1.0773 | 1.0795 | 1.0817 | 1.0839 | 1.0861 |
| Woodie | 1.0434 | 1.0613 | 1.0675 | 1.0854 | 1.0916 | 1.1095 | 1.1157 |
| Fibonacci | 1.0632 | 1.0724 | 1.0781 | 1.0873 | 1.0965 | 1.1022 | 1.1114 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0138 | 1.0311 | 1.0585 | 1.0758 | 1.1032 | 1.1205 | 1.1479 |
| Camarilla | 1.0737 | 1.0778 | 1.0819 | 1.0860 | 1.0901 | 1.0942 | 1.0983 |
| Woodie | 1.0190 | 1.0336 | 1.0637 | 1.0783 | 1.1084 | 1.1230 | 1.1531 |
| Fibonacci | 1.0311 | 1.0481 | 1.0587 | 1.0758 | 1.0928 | 1.1034 | 1.1205 |
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): | 48.84 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 0.5108 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 1.0737 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0745 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 1.0725 | |
| Zig ZAG (10): | 1.0726 | |
| VORTEX (21): | 1.0364 | |
| Stochastique (14,3,5): | 58.52 | |
| TEMA (21): | 1.0740 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | 0.0002 | |
| Repulse (5,40,3): | 0.0059 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0056 | |
| Courbe Coppock: | 0.13 |
| MA7: | 1.0803 | |
| MA20: | 1.0836 | |
| MA50: | 1.0706 | |
| MA100: | 1.0355 | |
| MAexp7: | 1.0737 | |
| MAexp20: | 1.0732 | |
| MAexp50: | 1.0729 | |
| MAexp100: | 1.0728 | |
| Price / MA7: | -0.62% | |
| Price / MA20: | -0.92% | |
| Price / MA50: | +0.28% | |
| Price / MA100: | +3.68% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.07% |
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:
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EUR/USD and Indices Find Volatility Hasn't Catalyzed Trends...Is There Still Potential This Week?
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EUR/USD Forecast February 9, 2023
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EUR/USD Technical Analysis for February 09, 2023 by FXEmpire
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EUR/USD Technical Analysis for February 08, 2023 by FXEmpire
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EUR/USD Forecast February 7, 2023
This member declared not having a position on this financial instrument or a related financial instrument.
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