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 October 2nd, 2024, here is a short analysis:1. **Price Movement**: The price of EUR/USD fluctuated between 1.10569 and 1.10702 during the recorded time intervals.
2. **Trend Indicators**:
- **RSI Indicator**: The Relative Strength Index (RSI) values ranged from 33.41 to 53.09, indicating moderate fluctuations in price momentum.
- **MACD Indicator**: The Moving Average Convergence Divergence (MACD) values were mostly negative, suggesting a bearish trend.
3. **Moving Averages**:
- **SMA, EMA, WMA**: The Simple Moving Average (SMA), Exponential Moving Average (EMA), and Weighted Moving Average (WMA) values were relatively close to each other, indicating a stable trend.
4. **Overall Analysis**:
- The RSI values suggest that the market was not strongly overbought or oversold.
- The MACD values indicate a bearish sentiment in the market.
- Moving averages show a stable trend with minor fluctuations.
In conclusion, based on the indicators and moving averages, the EUR/USD pair on October 2nd, 2024, exhibited a relatively stable trend with some bearish sentiment in the market. Traders may consider monitoring further price movements and additional indicators to make informed trading decisions.
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
