Analysis of EUR/USD for 15min
10/2/2024
Analysis of EUR/USD
Based on the provided data for the EUR/USD currency pair on a 15-minute interval on October 2nd, 2024, we can make the following analysis:1. Price Movement:
- The price of EUR/USD fluctuated between 1.10569 and 1.10684 during the recorded time intervals.
- There was no significant trend in the price movement, with the closing prices ranging within a narrow range.
2. Technical Indicators:
- RSI Indicator: The Relative Strength Index (RSI) values ranged from 33.41 to 53.09, indicating a moderate level of price momentum.
- MACD Indicator: The Moving Average Convergence Divergence (MACD) values were mostly negative, suggesting a bearish sentiment in the market.
- Moving Averages: The Simple Moving Average (SMA), Exponential Moving Average (EMA), and Weighted Moving Average (WMA) values were relatively close to each other, indicating a stable price trend.
3. Overall, the market for EUR/USD on October 2nd, 2024, showed a lack of strong directional movement, with prices consolidating within a narrow range. Traders may need to wait for clearer signals or a breakout to determine the next potential trend in the market.
MACD of EUR/USD
This is not investment advice. Remember to verify the information provided here.
Get access to the full analysis
- Over 35 000 indexes
- CFD, Forex, Crypto and Stocks Exchange
- Over 150 Indicators
- Pattern and candle analysis
- Support and resistance levels
- Fundamental, technical and sentimental analysis
- Power from AI
