EUR/USD - Daily - Technical analysis published on 05/15/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.0765 USD
My targets
1.0953 USD (+0.0125)
1.1108 USD (+0.0280)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on EUR/USD as long as the price remains well above 1.0765 USD. The buyers' bullish objective is set at 1.0953 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1108 USD. If there is any crossing, the next objective would be the resistance located at 1.1230 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5
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This analysis was given by Barts_XV. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/USD rating 1.0828 USD. The price has increased by +0.13% since the last closing with the lowest point at 1.0813 USD and the highest point at 1.0829 USD. The deviation from the price is +0.14% for the low point and -0.01% for the high point.1.0813
1.0829
1.0828
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this EUR/USD chart shows a slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0638 | 1.0708 | 1.0765 | 1.0828 | 1.0862 | 1.0953 | 1.1108 |
| Change (%) | -1.75% | -1.11% | -0.58% | - | +0.31% | +1.15% | +2.59% |
| Change | -0.0190 | -0.0120 | -0.0063 | - | +0.0034 | +0.0125 | +0.0280 |
| 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 | 1.0720 | 1.0743 | 1.0779 | 1.0802 | 1.0838 | 1.0861 | 1.0897 |
| Camarilla | 1.0798 | 1.0803 | 1.0809 | 1.0814 | 1.0819 | 1.0825 | 1.0830 |
| Woodie | 1.0726 | 1.0746 | 1.0785 | 1.0805 | 1.0844 | 1.0864 | 1.0903 |
| Fibonacci | 1.0743 | 1.0766 | 1.0780 | 1.0802 | 1.0825 | 1.0839 | 1.0861 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 61.44 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | 8.5383 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 1.0766 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0706 | |
| Elder Ray (13): | 0.0053 | |
| Super Trend (3,10): | 1.0671 | |
| Zig ZAG (10): | 1.0827 | |
| VORTEX (21): | 1.1860 | |
| Stochastique (14,3,5): | 93.47 | |
| TEMA (21): | 1.0798 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.0113 | |
| Repulse (5,40,3): | 0.5581 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0063 | |
| Courbe Coppock: | 1.93 |
| MA7: | 1.0783 | |
| MA20: | 1.0731 | |
| MA50: | 1.0785 | |
| MA100: | 1.0824 | |
| MAexp7: | 1.0789 | |
| MAexp20: | 1.0758 | |
| MAexp50: | 1.0771 | |
| MAexp100: | 1.0795 | |
| Price / MA7: | +0.42% | |
| Price / MA20: | +0.90% | |
| Price / MA50: | +0.40% | |
| Price / MA100: | +0.04% | |
| Price / MAexp7: | +0.36% | |
| Price / MAexp20: | +0.65% | |
| Price / MAexp50: | +0.53% | |
| Price / MAexp100: | +0.31% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/USD at the time of the generation of this analysis was as follows:
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EUR/USD Daily Forecast and Technical Analysis for May 14, 2024, by Chris Lewis for FX Empire
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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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Trading volatility: EURUSD to move around US CPI inflation data?
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EUR/USD Long Term Forecast and Technical Analysis for May 10, 2024, by Chris Lewis for FX Empire
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EUR/USD Daily Forecast and Technical Analysis for May 10, 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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