Londinia Opportunities Analyses - 04/30/2024 (GMT) EUR/ILS - 1H
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
78%
17%
My opinion
Bearish under 3.99370 ILS
My targets
3.94399 ILS (-0.03357)
3.92602 ILS (-0.05154)
My analysis
EUR/ILS is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 3.99370 ILS. The next support located at 3.94399 ILS is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 3.92602 ILS. Below this support, sellers could then target 3.85450 ILS. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
Additional analysis
Quotes
The EUR/ILS price is 3.97756 ILS. The price registered a decrease of -0.95% on the session with the lowest point at 3.96963 ILS and the highest point at 4.03223 ILS. The deviation from the price is +0.20% for the low point and -1.36% for the high point.3.96963
4.03223
3.97756
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/ILS indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.68995 | 3.85450 | 3.92602 | 3.97756 | 3.97804 | 3.99370 | 4.01649 |
| Change (%) | -7.23% | -3.09% | -1.30% | - | +0.01% | +0.41% | +0.98% |
| Change | -0.28761 | -0.12306 | -0.05154 | - | +0.00048 | +0.01614 | +0.03893 |
| Level | Major | Major | Minor | - | Major | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.93315 | 3.97187 | 3.99370 | 4.03242 | 4.05425 | 4.09297 | 4.11480 |
| Camarilla | 3.99887 | 4.00442 | 4.00997 | 4.01552 | 4.02107 | 4.02662 | 4.03217 |
| Woodie | 3.92470 | 3.96765 | 3.98525 | 4.02820 | 4.04580 | 4.08875 | 4.10635 |
| Fibonacci | 3.97187 | 3.99500 | 4.00929 | 4.03242 | 4.05555 | 4.06984 | 4.09297 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.89428 | 3.94399 | 4.00514 | 4.05485 | 4.11600 | 4.16571 | 4.22686 |
| Camarilla | 4.03580 | 4.04597 | 4.05613 | 4.06629 | 4.07645 | 4.08661 | 4.09678 |
| Woodie | 3.90000 | 3.94685 | 4.01086 | 4.05771 | 4.12172 | 4.16857 | 4.23258 |
| Fibonacci | 3.94399 | 3.98634 | 4.01250 | 4.05485 | 4.09720 | 4.12336 | 4.16571 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.69812 | 3.76865 | 3.87510 | 3.94563 | 4.05208 | 4.12261 | 4.22906 |
| Camarilla | 3.93288 | 3.94910 | 3.96533 | 3.98155 | 3.99777 | 4.01400 | 4.03022 |
| Woodie | 3.71608 | 3.77763 | 3.89306 | 3.95461 | 4.07004 | 4.13159 | 4.24702 |
| Fibonacci | 3.76865 | 3.83626 | 3.87802 | 3.94563 | 4.01324 | 4.05500 | 4.12261 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 32.75 | |
| MACD (12,26,9): | -0.0111 | |
| Directional Movement: | -24.50093 | |
| AROON (14): | -64.28572 | |
| DEMA (21): | 3.98594 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.99937 | |
| Elder Ray (13): | -0.01150 | |
| Super Trend (3,10): | 4.01411 | |
| Zig ZAG (10): | 3.98274 | |
| VORTEX (21): | 0.8773 | |
| Stochastique (14,3,5): | 24.10 | |
| TEMA (21): | 3.98377 | |
| Williams %R (14): | -76.88 | |
| Chande Momentum Oscillator (20): | -0.04040 | |
| Repulse (5,40,3): | -0.0742 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0353 | |
| Courbe Coppock: | 1.40 |
| MA7: | 4.03366 | |
| MA20: | 4.02616 | |
| MA50: | 3.97734 | |
| MA100: | 3.99118 | |
| MAexp7: | 3.98759 | |
| MAexp20: | 4.00053 | |
| MAexp50: | 4.01895 | |
| MAexp100: | 4.03120 | |
| Price / MA7: | -1.39% | |
| Price / MA20: | -1.21% | |
| Price / MA50: | +0.01% | |
| Price / MA100: | -0.34% | |
| Price / MAexp7: | -0.25% | |
| Price / MAexp20: | -0.57% | |
| Price / MAexp50: | -1.03% | |
| Price / MAexp100: | -1.33% |
Quotes :
-
Real time data
-
Forex