tickeron

USD gained +1.24% relative to the EUR last week

FX_IDC:USDEUR   U.S. Dollar / Euro
Current price 0.86 crossed the support line at 0.84 and is trading between 0.88 support and 0.84 support lines. Throughout the month of 08/25/20 - 09/24/20, the price experienced a +1% Uptrend. During the week of 09/17/20 - 09/24/20, the FOREX enjoyed a +1% Uptrend growth.

Technical Analysis (Indicators)
Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on September 22, 2020. You may want to consider a long position or call options on USDEUR as a result. Tickeron A.I. shows that in 36 of 111 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 32%.

The Moving Average Convergence Divergence ( MACD ) for USDEUR just turned positive on September 03, 2020. Looking at past instances where USDEUR's MACD turned positive, the stock continued to rise Tickeron A.I. shows that in 29 of 89 cases over the following month. The odds of a continued upward trend are 33%.

Following a +0.94% 3-day Advance, the price is estimated to grow further. Considering data from situations where USDEUR advanced for three days, in 102 of 319 cases, the price rose further within the following month. The odds of a continued upward trend are 32%.

Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further Tickeron A.I. shows that in 50 of 62 cases within the following month. The odds of a continued downward trend are 39%.

USDEUR broke above its upper Bollinger Band on September 23, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

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