EUR/USD - 15 min. - Technical analysis published on 02/16/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.0761 USD
My targets
1.0797 USD (+0.0031)
1.0822 USD (+0.0056)
My analysis
The bullish trend is currently very strong on EUR/USD. As long as the price remains above the support at 1.0761 USD, you could try to benefit from the boom. The first bullish objective is located at 1.0797 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.0822 USD as an objective. Crossing it would then enable buyers to target 1.0858 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.5
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This analysis was given by Humoudq8. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.0766 USD. The price is lower by -0.07% since the last closing and was between 1.0757 USD and 1.0774 USD. This implies that the price is at +0.08% from its lowest and at -0.07% from its highest.1.0757
1.0774
1.0766
Here is a more detailed summary of the historical variations registered by EUR/USD:
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 strongly bullish. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
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 Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
Near resistance of triangle
Type : Bearish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 15 minutes
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0724 | 1.0741 | 1.0756 | 1.0766 | 1.0769 | 1.0778 | 1.0789 |
| Change (%) | -0.39% | -0.23% | -0.09% | - | +0.03% | +0.11% | +0.21% |
| Change | -0.0042 | -0.0025 | -0.0010 | - | +0.0003 | +0.0012 | +0.0023 |
| Level | Intermediate | Major | Intermediate | - | Minor | Minor | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0675 | 1.0700 | 1.0736 | 1.0761 | 1.0797 | 1.0822 | 1.0858 |
| Camarilla | 1.0756 | 1.0762 | 1.0767 | 1.0773 | 1.0779 | 1.0784 | 1.0790 |
| Woodie | 1.0682 | 1.0703 | 1.0743 | 1.0764 | 1.0804 | 1.0825 | 1.0865 |
| Fibonacci | 1.0700 | 1.0723 | 1.0737 | 1.0761 | 1.0784 | 1.0798 | 1.0822 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0666 | 1.0694 | 1.0739 | 1.0767 | 1.0812 | 1.0840 | 1.0885 |
| Camarilla | 1.0764 | 1.0771 | 1.0777 | 1.0784 | 1.0791 | 1.0797 | 1.0804 |
| Woodie | 1.0675 | 1.0698 | 1.0748 | 1.0771 | 1.0821 | 1.0844 | 1.0894 |
| Fibonacci | 1.0694 | 1.0722 | 1.0739 | 1.0767 | 1.0795 | 1.0812 | 1.0840 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0456 | 1.0625 | 1.0715 | 1.0884 | 1.0974 | 1.1143 | 1.1233 |
| Camarilla | 1.0733 | 1.0757 | 1.0780 | 1.0804 | 1.0828 | 1.0852 | 1.0875 |
| Woodie | 1.0416 | 1.0605 | 1.0675 | 1.0864 | 1.0934 | 1.1123 | 1.1193 |
| Fibonacci | 1.0625 | 1.0724 | 1.0785 | 1.0884 | 1.0983 | 1.1044 | 1.1143 |
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): | 63.03 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 11.4621 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 1.0766 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0760 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 1.0756 | |
| Zig ZAG (10): | 1.0771 | |
| VORTEX (21): | 1.1279 | |
| Stochastique (14,3,5): | 73.81 | |
| TEMA (21): | 1.0768 | |
| Williams %R (14): | -28.57 | |
| Chande Momentum Oscillator (20): | 0.0007 | |
| Repulse (5,40,3): | 0.0004 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0002 | |
| Courbe Coppock: | 0.12 |
| MA7: | 1.0759 | |
| MA20: | 1.0802 | |
| MA50: | 1.0882 | |
| MA100: | 1.0790 | |
| MAexp7: | 1.0767 | |
| MAexp20: | 1.0765 | |
| MAexp50: | 1.0763 | |
| MAexp100: | 1.0758 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | -0.33% | |
| Price / MA50: | -1.07% | |
| Price / MA100: | -0.22% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.07% |
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:
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EUR/USD Technical Analysis for February 16, 2024 by Chris Lewis for FX Empire
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EUR/USD Forecast February 15, 2024
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EUR/USD Technical Analysis for February 15, 2024 by Chris Lewis for FX Empire
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EUR/USD Forecast February 14, 2024
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EUR/USD Technical Analysis for February 14, 2024 by Chris Lewis for FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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