EUR/USD - Daily - Technical analysis published on 06/01/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.0749 USD
My targets
1.0378 USD (-0.0287)
1.0129 USD (-0.0536)
My analysis
All elements being clearly 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 1.0749 USD. The sellers' bearish objective is set at 1.0378 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0129 USD. In case of crossing, the next objective would be the support located at 0.9983 USD.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.1
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This analysis was given by tiankriek. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.0665 USD. The price is lower by -0.26% since the last closing and was between 1.0662 USD and 1.0695 USD. This implies that the price is at +0.03% from its lowest and at -0.28% from its highest.1.0662
1.0695
1.0665
A study of price movements over other periods shows the following variations:
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 EUR/USD in Daily shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. This 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.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 1.0129 | 1.0378 | 1.0638 | 1.0665 | 1.0749 | 1.0862 | 1.1011 |
| Change (%) | -5.03% | -2.69% | -0.25% | - | +0.79% | +1.85% | +3.24% |
| Change | -0.0536 | -0.0287 | -0.0027 | - | +0.0084 | +0.0197 | +0.0346 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Major |
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 | 1.0539 | 1.0587 | 1.0640 | 1.0688 | 1.0741 | 1.0789 | 1.0842 |
| Camarilla | 1.0665 | 1.0675 | 1.0684 | 1.0693 | 1.0702 | 1.0712 | 1.0721 |
| Woodie | 1.0542 | 1.0588 | 1.0643 | 1.0689 | 1.0744 | 1.0790 | 1.0845 |
| Fibonacci | 1.0587 | 1.0626 | 1.0649 | 1.0688 | 1.0727 | 1.0750 | 1.0789 |
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 | 1.0064 | 1.0350 | 1.0521 | 1.0807 | 1.0978 | 1.1264 | 1.1435 |
| Camarilla | 1.0567 | 1.0609 | 1.0651 | 1.0693 | 1.0735 | 1.0777 | 1.0819 |
| Woodie | 1.0008 | 1.0321 | 1.0465 | 1.0778 | 1.0922 | 1.1235 | 1.1379 |
| Fibonacci | 1.0350 | 1.0524 | 1.0632 | 1.0807 | 1.0981 | 1.1089 | 1.1264 |
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): | 31.03 | |
| MACD (12,26,9): | -0.0065 | |
| Directional Movement: | -19.4458 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 1.0723 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0747 | |
| Elder Ray (13): | -0.0082 | |
| Super Trend (3,10): | 1.0872 | |
| Zig ZAG (10): | 1.0665 | |
| VORTEX (21): | 0.7518 | |
| Stochastique (14,3,5): | 16.28 | |
| TEMA (21): | 1.0661 | |
| Williams %R (14): | -88.15 | |
| Chande Momentum Oscillator (20): | -0.0198 | |
| Repulse (5,40,3): | -0.4478 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0670 | |
| Courbe Coppock: | 3.87 |
| MA7: | 1.0714 | |
| MA20: | 1.0823 | |
| MA50: | 1.0898 | |
| MA100: | 1.0815 | |
| MAexp7: | 1.0717 | |
| MAexp20: | 1.0798 | |
| MAexp50: | 1.0836 | |
| MAexp100: | 1.0773 | |
| Price / MA7: | -0.46% | |
| Price / MA20: | -1.46% | |
| Price / MA50: | -2.14% | |
| Price / MA100: | -1.39% | |
| Price / MAexp7: | -0.49% | |
| Price / MAexp20: | -1.23% | |
| Price / MAexp50: | -1.58% | |
| Price / MAexp100: | -1.00% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/USD at the time of the generation of this analysis was as follows:
-
EUR/USD Technical Analysis for June 01, 2023 by FXEmpire
-
EUR/USD Forecast May 31, 2023
-
EUR/USD Technical Analysis for May 31, 2023 by FXEmpire
-
EUR/USD Forecast May 30, 2023
-
EUR/USD Technical Analysis for May 30, 2023 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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