Market Analytics and Considerations
Key points
On Friday, the EUR/USD remains in positive territory. Analysts say that since the pair continues to fluctuate and close above 1.0600/10, it is difficult to say with any certainty that a short-term high is in place.
Remaining pessimistic on the EUR/USD entering the new year
For the time being, we will continue to have pessimistic views on the EUR/USD throughout the coming year.
The December preliminary PMI reports are included in the data schedule for today. These are all anticipated to stay solidly in the recessionary range. Additionally, we will get the eurozone’s October trade balance, which is anticipated to improve after a EUR37 billion shortfall in the previous month.
Whether 1.0665–06.80 region serves as a stall for today’s EUR/USD surge. It is difficult to state with any certainty that a short-term high is in place, though, if EUR/USD keeps trading and closing above 1.0600/10.?
Daily- SMA
|
Name |
MA5 |
MA10 |
MA20 |
MA50 |
MA100 |
MA200 |
|
EUR/USD |
1.0625 |
1.0568 |
1.0477 |
1.0176 |
1.0085 |
1.0343 |
Indicators
Summary: STRONG BUY
Moving Averages: Buy (12) Sell (0)
Technical Indicators: Buy (10) Sell (0)
Pivot Points
|
Name |
S3 |
S2 |
S1 |
Pivot Points |
R1 |
R2 |
R3 |
|
Classic |
1.0423 |
1.0508 |
1.0567 |
1.0652 |
1.0712 |
1.0796 |
1.0856 |
|
Fibonacci |
1.0508 |
1.0563 |
1.0597 |
1.0652 |
1.0707 |
1.0741 |
1.0796 |
|
Camarilla |
1.0586 |
1.0600 |
1.0613 |
1.0652 |
1.0639 |
1.0652 |
1.0666 |
|
Woodie’s |
1.0409 |
1.0501 |
1.0553 |
1.0645 |
1.0698 |
1.0789 |
1.0842 |
|
DeMark’s |
– |
– |
1.0537 |
1.0637 |
1.0681 |
– |
– |
Technical Indicators
|
Name |
Value |
Action |
|
RSI(14) |
67.409 |
Buy |
|
STOCH(9,6) |
65.492 |
Buy |
|
STOCHRSI(14) |
64.476 |
Buy |
|
MACD(12,26) |
0.014 |
Buy |
|
ADX(14) |
60.109 |
Buy |
|
Williams %R |
-19.463 |
Overbought |
|
CCI(14) |
126.5350 |
Buy |
|
ATR(14) |
0.0101 |
Less Volatility |
|
Highs/Lows(14) |
0.0072 |
Buy |
|
Ultimate Oscillator |
54.583 |
Buy |
|
ROC |
3.023 |
Buy |
|
Bull/Bear Power(13) |
0.0189 |
Buy |
|
Buy: 10 Sell: 0 Neutral: 0 Summary- BUY |
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