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 ranged from a low of 1.10619 to a high of 1.10833 during the day.
- The closing price was 1.10774, slightly lower than the opening price of 1.10789.
2. **Technical Indicators**:
- **RSI (Relative Strength Index)**: The RSI values ranged from 49.87 to 65.93, indicating moderate to overbought conditions.
- **MACD (Moving Average Convergence Divergence)**: The MACD line was mostly positive, with values ranging from -0.00017 to 0.00016.
- **Moving Averages (MA)**: The Simple Moving Average (SMA), Exponential Moving Average (EMA), and Weighted Moving Average (WMA) were all relatively close to each other and to the closing price, indicating a stable trend.
3. **Overall Analysis**:
- The RSI suggests that the market was moderately overbought at times during the day.
- The MACD indicates some positive momentum in the price movement.
- The moving averages show a relatively stable trend without significant divergence.
In conclusion, based on the indicators and price movements, the EUR/USD pair on October 2nd, 2024, showed signs of moderate volatility with a slightly bearish bias, but overall stability in the trend.
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
