EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
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Type: Forex
Ticker: EURUSD
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EUR/USD - 15 min. - Technical analysis published on 06/01/2023 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.0688 USD
My targets
1.0741 USD (+0.0027)
1.0789 USD (+0.0075)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/USD as long as the price remains well above 1.0688 USD. The buyers' bullish objective is set at 1.0741 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0789 USD. If there is any crossing, the next objective would be the resistance located at 1.0842 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by newuser. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The EUR/USD rating is 1.0714 USD. On the day, this instrument gained +0.20% and was traded between 1.0662 USD and 1.0715 USD over the period. The price is currently at +0.49% from its lowest and -0.01% from its highest.

1.0662
1.0715
1.0714

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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


A technical analysis in 15 min. of this EUR/USD chart shows a strongly bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner found no further results concerning independent technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 15 minutes


Resistance of channel is broken

Type : Bullish

Timeframe : 15 minutes



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0638 1.0672 1.0704 1.0714 1.0749 1.0801 1.0831
Change (%) -0.71% -0.39% -0.09% - +0.33% +0.81% +1.09%
Change -0.0076 -0.0042 -0.0010 - +0.0035 +0.0087 +0.0117
Level Major Minor Intermediate - Intermediate Minor Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.05391.05871.06401.06881.07411.07891.0842
Camarilla1.06651.06751.06841.06931.07021.07121.0721
Woodie1.05421.05881.06431.06891.07441.07901.0845
Fibonacci1.05871.06261.06491.06881.07271.07501.0789


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.05431.06231.06721.07521.08011.08811.0930
Camarilla1.06871.06981.07101.07221.07341.07461.0758
Woodie1.05291.06151.06581.07441.07871.08731.0916
Fibonacci1.06231.06721.07021.07521.08011.08311.0881


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.00641.03501.05211.08071.09781.12641.1435
Camarilla1.05671.06091.06511.06931.07351.07771.0819
Woodie1.00081.03211.04651.07781.09221.12351.1379
Fibonacci1.03501.05241.06321.08071.09811.10891.1264

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 67.88
MACD (12,26,9): 0.0006
Directional Movement: 17.5770
AROON (14): 78.5714
DEMA (21): 1.0697
Parabolic SAR (0,02-0,02-0,2): 1.0678
Elder Ray (13): 0.0014
Super Trend (3,10): 1.0682
Zig ZAG (10): 1.0711
VORTEX (21): 1.1341
Stochastique (14,3,5): 89.14
TEMA (21): 1.0702
Williams %R (14): -4.00
Chande Momentum Oscillator (20): 0.0047
Repulse (5,40,3): 0.0959
ROCnROLL: 1
TRIX (15,9): 0.0021
Courbe Coppock: 0.42
MA7: 1.0720
MA20: 1.0825
MA50: 1.0899
MA100: 1.0815
MAexp7: 1.0700
MAexp20: 1.0691
MAexp50: 1.0686
MAexp100: 1.0687
Price / MA7: -0.06%
Price / MA20: -1.03%
Price / MA50: -1.70%
Price / MA100: -0.93%
Price / MAexp7: +0.13%
Price / MAexp20: +0.22%
Price / MAexp50: +0.26%
Price / MAexp100: +0.25%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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