EUR/USD - 15 min. - Technical analysis published on 05/28/2023 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
44%
28%
28%
My opinion
Bearish under 1.0728 USD
My targets
1.0696 USD (-0.0028)
1.0671 USD (-0.0053)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on EUR/USD as long as the price remains well below 1.0728 USD. The next bearish objective for sellers is set at 1.0696 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 1.0671 USD. If there is any crossing, the next objective would be the support located at 1.0639 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.8
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This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD price is 1.0724 USD. The price registered an increase of +0.02% on the session with the lowest point at 1.0713 USD and the highest point at 1.0730 USD. The deviation from the price is +0.10% for the low point and -0.06% for the high point.1.0713
1.0730
1.0724
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
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 bearish. 75.00% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
RSI indicator is back over 50
Type : Bullish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.0378 | 1.0638 | 1.0707 | 1.0724 | 1.0749 | 1.0801 | 1.0830 |
Change (%) | -3.23% | -0.80% | -0.16% | - | +0.23% | +0.72% | +0.99% |
Change | -0.0346 | -0.0086 | -0.0017 | - | +0.0025 | +0.0077 | +0.0106 |
Level | Minor | Major | Intermediate | - | Intermediate | Minor | 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 | 1.0639 | 1.0671 | 1.0696 | 1.0728 | 1.0753 | 1.0785 | 1.0810 |
Camarilla | 1.0706 | 1.0712 | 1.0717 | 1.0722 | 1.0727 | 1.0733 | 1.0738 |
Woodie | 1.0637 | 1.0669 | 1.0694 | 1.0726 | 1.0751 | 1.0783 | 1.0808 |
Fibonacci | 1.0671 | 1.0692 | 1.0706 | 1.0728 | 1.0749 | 1.0763 | 1.0785 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0543 | 1.0623 | 1.0672 | 1.0752 | 1.0801 | 1.0881 | 1.0930 |
Camarilla | 1.0687 | 1.0698 | 1.0710 | 1.0722 | 1.0734 | 1.0746 | 1.0758 |
Woodie | 1.0529 | 1.0615 | 1.0658 | 1.0744 | 1.0787 | 1.0873 | 1.0916 |
Fibonacci | 1.0623 | 1.0672 | 1.0702 | 1.0752 | 1.0801 | 1.0831 | 1.0881 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0532 | 1.0660 | 1.0840 | 1.0968 | 1.1148 | 1.1276 | 1.1456 |
Camarilla | 1.0935 | 1.0964 | 1.0992 | 1.1020 | 1.1048 | 1.1077 | 1.1105 |
Woodie | 1.0558 | 1.0673 | 1.0866 | 1.0981 | 1.1174 | 1.1289 | 1.1482 |
Fibonacci | 1.0660 | 1.0778 | 1.0850 | 1.0968 | 1.1086 | 1.1158 | 1.1276 |
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): | 47.25 | |
MACD (12,26,9): | -0.0001 | |
Directional Movement: | -6.6059 | |
AROON (14): | -57.1428 | |
DEMA (21): | 1.0723 | |
Parabolic SAR (0,02-0,02-0,2): | 1.0727 | |
Elder Ray (13): | -0.0001 | |
Super Trend (3,10): | 1.0734 | |
Zig ZAG (10): | 1.0725 | |
VORTEX (21): | 0.9783 | |
Stochastique (14,3,5): | 61.55 | |
TEMA (21): | 1.0724 | |
Williams %R (14): | -23.53 | |
Chande Momentum Oscillator (20): | -0.0002 | |
Repulse (5,40,3): | 0.0352 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0006 | |
Courbe Coppock: | 0.08 |
MA7: | 1.0759 | |
MA20: | 1.0874 | |
MA50: | 1.0906 | |
MA100: | 1.0818 | |
MAexp7: | 1.0725 | |
MAexp20: | 1.0724 | |
MAexp50: | 1.0726 | |
MAexp100: | 1.0729 | |
Price / MA7: | -0.33% | |
Price / MA20: | -1.38% | |
Price / MA50: | -1.67% | |
Price / MA100: | -0.87% | |
Price / MAexp7: | -0.01% | |
Price / MAexp20: | -0% | |
Price / MAexp50: | -0.02% | |
Price / MAexp100: | -0.05% |
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 the Week of May 29, 2023 by FXEmpir
- EUR/USD Technical Analysis for May 29, 2023 by FXEmpire
- EUR/USD Forecast May 26, 2023
- EUR/USD Technical Analysis for May 26, 2023 by FXEmpire
- EUR/USD Forecast May 25, 2023
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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