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
Analysis too old. There are no more charts available.
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
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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:
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:
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:
CCI indicator is oversold : under -100
Type : Neutral
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 | 1.0662 | 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 |
---|---|---|---|---|---|---|---|
Standard | 1.0633 | 1.0654 | 1.0682 | 1.0703 | 1.0731 | 1.0752 | 1.0780 |
Camarilla | 1.0698 | 1.0702 | 1.0707 | 1.0711 | 1.0716 | 1.0720 | 1.0725 |
Woodie | 1.0638 | 1.0656 | 1.0687 | 1.0705 | 1.0736 | 1.0754 | 1.0785 |
Fibonacci | 1.0654 | 1.0672 | 1.0684 | 1.0703 | 1.0721 | 1.0733 | 1.0752 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0492 | 1.0563 | 1.0636 | 1.0707 | 1.0780 | 1.0851 | 1.0924 |
Camarilla | 1.0668 | 1.0682 | 1.0695 | 1.0708 | 1.0721 | 1.0734 | 1.0748 |
Woodie | 1.0492 | 1.0564 | 1.0636 | 1.0708 | 1.0780 | 1.0852 | 1.0924 |
Fibonacci | 1.0563 | 1.0618 | 1.0652 | 1.0707 | 1.0762 | 1.0796 | 1.0851 |
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 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 :
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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:
- EUR/USD Technical Analysis for June 06, 2023 by FXEmpire
- EUR/USD Forecast June 5, 2023
- EUR/USD Technical Analysis for the Week of June 05, 2023 by FXEmpire
- EUR/USD Technical Analysis for June 05, 2023 by FXEmpire
- EUR/USD Forecast June 2, 2023
This member declared not having a position on this financial instrument or a related financial instrument.
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