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 06/06/2023 (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 bearish
Underlying: Slightly bearish
Technical indicators
6%
67%
28%
My opinion
Bearish under 1.0731 USD
My targets
1.0682 USD (-0.0020)
1.0654 USD (-0.0048)
My analysis
The strong short-term decline of EUR/USD reinforces the current slightly bearish trend. As long as the price remains below 1.0731 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 1.0682 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.0654 USD as an objective. Crossing it would then enable sellers to target 1.0633 USD. A return to above 1.0731 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
4.8

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 1.0702 USD. The price is lower by -0.08% since the last closing and was between 1.0695 USD and 1.0733 USD. This implies that the price is at +0.07% from its lowest and at -0.29% from its highest.

1.0695
1.0733
1.0702

A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 slightly bearish trend. 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 15 minutes



In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

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


S3S2S1PriceR1R2R3
ProTrendLines 1.0638 1.0662 1.0674 1.0702 1.0705 1.0723 1.0749
Change (%) -0.60% -0.37% -0.26% - +0.03% +0.20% +0.44%
Change -0.0064 -0.0040 -0.0028 - +0.0003 +0.0021 +0.0047
Level Major Minor Intermediate - 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
Standard1.06331.06541.06821.07031.07311.07521.0780
Camarilla1.06981.07021.07071.07111.07161.07201.0725
Woodie1.06381.06561.06871.07051.07361.07541.0785
Fibonacci1.06541.06721.06841.07031.07211.07331.0752


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.04921.05631.06361.07071.07801.08511.0924
Camarilla1.06681.06821.06951.07081.07211.07341.0748
Woodie1.04921.05641.06361.07081.07801.08521.0924
Fibonacci1.05631.06181.06521.07071.07621.07961.0851


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): 38.96
MACD (12,26,9): -0.0001
Directional Movement: -11.6339
AROON (14): -42.8571
DEMA (21): 1.0719
Parabolic SAR (0,02-0,02-0,2): 1.0731
Elder Ray (13): -0.0010
Super Trend (3,10): 1.0732
Zig ZAG (10): 1.0711
VORTEX (21): 0.9058
Stochastique (14,3,5): 22.99
TEMA (21): 1.0717
Williams %R (14): -83.33
Chande Momentum Oscillator (20): -0.0019
Repulse (5,40,3): -0.0083
ROCnROLL: 2
TRIX (15,9): 0.0022
Courbe Coppock: 0.07
MA7: 1.0716
MA20: 1.0784
MA50: 1.0894
MA100: 1.0812
MAexp7: 1.0712
MAexp20: 1.0720
MAexp50: 1.0717
MAexp100: 1.0714
Price / MA7: -0.13%
Price / MA20: -0.76%
Price / MA50: -1.76%
Price / MA100: -1.02%
Price / MAexp7: -0.09%
Price / MAexp20: -0.17%
Price / MAexp50: -0.14%
Price / MAexp100: -0.11%

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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