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 06/24/2024 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 1.0695 USD
My targets
1.0745 USD (+0.0007)
1.0768 USD (+0.0030)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/USD as long as the price remains well above 1.0695 USD. The buyers' bullish objective is set at 1.0745 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0768 USD. If there is any crossing, the next objective would be the resistance located at 1.0809 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
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 Muhahaha. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The EUR/USD rating is 1.0738 USD. The price has increased by +0.43% since the last closing and was between 1.0682 USD and 1.0741 USD. This implies that the price is at +0.52% from its lowest and at -0.03% from its highest.

1.0682
1.0741
1.0738

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by EUR/USD:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

Type : Bearish

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 EUR/USD in 15 min. shows a strongly overall bullish trend. 92.86% 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, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 15 minutes


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 15 minutes


Resistance of channel is broken

Type : Bullish

Timeframe : 15 minutes



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0671 1.0698 1.0733 1.0738 1.0762 1.0809 1.0852
Change (%) -0.62% -0.37% -0.05% - +0.22% +0.66% +1.06%
Change -0.0067 -0.0040 -0.0005 - +0.0024 +0.0071 +0.0114
Level Intermediate Major Intermediate - Intermediate Intermediate Intermediate



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
Standard1.06181.06451.06681.06951.07181.07451.0768
Camarilla1.06781.06831.06871.06921.06971.07011.0706
Woodie1.06171.06441.06671.06941.07171.07441.0767
Fibonacci1.06451.06641.06761.06951.07141.07261.0745


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.05641.06171.06551.07081.07461.07991.0837
Camarilla1.06671.06751.06841.06921.07001.07091.0717
Woodie1.05561.06131.06471.07041.07381.07951.0829
Fibonacci1.06171.06521.06741.07081.07431.07651.0799


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.04541.05521.07001.07981.09461.10441.1192
Camarilla1.07811.08041.08271.08491.08721.08941.0917
Woodie1.04801.05651.07261.08111.09721.10571.1218
Fibonacci1.05521.06461.07041.07981.08921.09501.1044

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): 68.71
MACD (12,26,9): 0.0007
Directional Movement: 18.9623
AROON (14): 78.5714
DEMA (21): 1.0735
Parabolic SAR (0,02-0,02-0,2): 1.0725
Elder Ray (13): 0.0008
Super Trend (3,10): 1.0717
Zig ZAG (10): 1.0738
VORTEX (21): 1.1704
Stochastique (14,3,5): 82.25
TEMA (21): 1.0737
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 0.0016
Repulse (5,40,3): 0.0920
ROCnROLL: 1
TRIX (15,9): 0.0101
Courbe Coppock: 0.21
MA7: 1.0723
MA20: 1.0790
MA50: 1.0771
MA100: 1.0796
MAexp7: 1.0733
MAexp20: 1.0725
MAexp50: 1.0714
MAexp100: 1.0707
Price / MA7: +0.14%
Price / MA20: -0.48%
Price / MA50: -0.31%
Price / MA100: -0.54%
Price / MAexp7: +0.05%
Price / MAexp20: +0.12%
Price / MAexp50: +0.22%
Price / MAexp100: +0.29%

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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