EUR/USD - Daily - Technical analysis published on 05/14/2024 (GMT)
- 84
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
72%
6%
22%
My opinion
Neutral between 1.0708 USD and 1.0862 USD
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 1.0862 USD. The first support is located at 1.0708 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by EUR/USD.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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Additional analysis
Quotes
EUR/USD rating 1.0786 USD. The price is lower by -0.06% since the last closing and was traded between 1.0783 USD and 1.0793 USD over the period. The price is currently at +0.03% from its lowest and -0.06% from its highest.1.0783
1.0793
1.0786
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/USD in Daily shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
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 | 1.0708 | 1.0765 | 1.0786 | 1.0862 | 1.0953 | 1.1108 |
| Change (%) | -1.37% | -0.72% | -0.19% | - | +0.70% | +1.55% | +2.99% |
| Change | -0.0148 | -0.0078 | -0.0021 | - | +0.0076 | +0.0167 | +0.0322 |
| Level | Major | Intermediate | Intermediate | - | Minor | Major | Minor |
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 | 1.0729 | 1.0747 | 1.0770 | 1.0788 | 1.0811 | 1.0829 | 1.0852 |
| Camarilla | 1.0781 | 1.0785 | 1.0788 | 1.0792 | 1.0796 | 1.0800 | 1.0803 |
| Woodie | 1.0731 | 1.0748 | 1.0772 | 1.0789 | 1.0813 | 1.0830 | 1.0854 |
| Fibonacci | 1.0747 | 1.0763 | 1.0773 | 1.0788 | 1.0804 | 1.0814 | 1.0829 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0666 | 1.0695 | 1.0733 | 1.0762 | 1.0800 | 1.0829 | 1.0867 |
| Camarilla | 1.0753 | 1.0759 | 1.0765 | 1.0771 | 1.0777 | 1.0783 | 1.0789 |
| Woodie | 1.0671 | 1.0697 | 1.0738 | 1.0764 | 1.0805 | 1.0831 | 1.0872 |
| Fibonacci | 1.0695 | 1.0721 | 1.0736 | 1.0762 | 1.0788 | 1.0803 | 1.0829 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0266 | 1.0433 | 1.0550 | 1.0717 | 1.0834 | 1.1001 | 1.1118 |
| Camarilla | 1.0588 | 1.0614 | 1.0640 | 1.0666 | 1.0692 | 1.0718 | 1.0744 |
| Woodie | 1.0240 | 1.0421 | 1.0524 | 1.0705 | 1.0808 | 1.0989 | 1.1092 |
| Fibonacci | 1.0433 | 1.0542 | 1.0609 | 1.0717 | 1.0826 | 1.0893 | 1.1001 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.13 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 6.3801 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 1.0748 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0695 | |
| Elder Ray (13): | 0.0034 | |
| Super Trend (3,10): | 1.0813 | |
| Zig ZAG (10): | 1.0787 | |
| VORTEX (21): | 1.1444 | |
| Stochastique (14,3,5): | 82.65 | |
| TEMA (21): | 1.0775 | |
| Williams %R (14): | -15.85 | |
| Chande Momentum Oscillator (20): | 0.0093 | |
| Repulse (5,40,3): | 0.1932 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0124 | |
| Courbe Coppock: | 1.71 |
| MA7: | 1.0771 | |
| MA20: | 1.0721 | |
| MA50: | 1.0786 | |
| MA100: | 1.0826 | |
| MAexp7: | 1.0770 | |
| MAexp20: | 1.0748 | |
| MAexp50: | 1.0767 | |
| MAexp100: | 1.0794 | |
| Price / MA7: | +0.14% | |
| Price / MA20: | +0.61% | |
| Price / MA50: | -0% | |
| Price / MA100: | -0.37% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.36% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | -0.06% |
Quotes :
-
Real time data
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Forex
News
Don't forget to follow the news on EUR/USD. At the time of publication of this analysis, the latest news was as follows:
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EUR/USD Daily Forecast and Technical Analysis for May 13, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for May 09, 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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