EURUSD sees MACD Histogram just turned negative

EURUSD saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on January 14, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 98 instances where the indicator turned negative. In 38 of the 98 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 39%.

Price Prediction Chart
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on January 25, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on EURUSD as a result. In 40 of 126 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 32%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where EURUSD declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 26%.

The Aroon Indicator for EURUSD entered a downward trend on February 01, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.