AMPLEFORTH - AMPL/USD - Weekly - Technical analysis published on 09/15/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 1.00 USD
My targets
1.52 USD (+24.59%)
1.66 USD (+36.07%)
My analysis
The basic bullish trend is very strong on AMPLEFORTH - AMPL/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1.00 USD. Crossing the first resistance at 1.52 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.66 USD as an objective. Crossing it would then enable buyers to target 2.08 USD. Caution, a return to below 1.00 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.5
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This analysis was given by Henry07. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AMPLEFORTH - AMPL/USD price is 1.22 USD. The price registered an increase of +10.11% over 5 days with the lowest point at 1.06 USD and the highest point at 1.61 USD. The deviation from the price is +15.53% for the low point and -23.99% for the high point.1.06
1.61
1.22
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AMPLEFORTH - AMPL/USD:
Technical
Technical analysis of this Weekly chart of AMPLEFORTH - AMPL/USD indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Weekly
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Weekly
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Weekly
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Weekly
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Weekly
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Weekly
Near support of triangle
Type : Bullish
Timeframe : Weekly
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Long white line
Type : Bullish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.86 | 1.00 | 1.21 | 1.22 | 1.52 | 1.66 | 2.08 |
| Change (%) | -29.51% | -18.03% | -0.82% | - | +24.59% | +36.07% | +70.49% |
| Change | -0.36 | -0.22 | -0.01 | - | +0.30 | +0.44 | +0.86 |
| Level | Minor | Major | Major | - | Major | Minor | Major |
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 | 1.19 | 1.22 | 1.23 | 1.26 | 1.27 | 1.30 | 1.31 |
| Camarilla | 1.24 | 1.24 | 1.25 | 1.25 | 1.25 | 1.26 | 1.26 |
| Woodie | 1.19 | 1.22 | 1.23 | 1.26 | 1.27 | 1.30 | 1.31 |
| Fibonacci | 1.22 | 1.23 | 1.24 | 1.26 | 1.27 | 1.28 | 1.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.89 | 0.94 | 1.02 | 1.07 | 1.15 | 1.20 | 1.28 |
| Camarilla | 1.07 | 1.09 | 1.10 | 1.11 | 1.12 | 1.13 | 1.15 |
| Woodie | 0.92 | 0.95 | 1.05 | 1.08 | 1.18 | 1.21 | 1.31 |
| Fibonacci | 0.94 | 0.99 | 1.02 | 1.07 | 1.12 | 1.15 | 1.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.79 | 0.89 | 0.95 | 1.05 | 1.11 | 1.21 | 1.27 |
| Camarilla | 0.96 | 0.97 | 0.99 | 1.00 | 1.02 | 1.03 | 1.04 |
| Woodie | 0.76 | 0.88 | 0.92 | 1.04 | 1.08 | 1.20 | 1.24 |
| Fibonacci | 0.89 | 0.95 | 0.99 | 1.05 | 1.11 | 1.15 | 1.21 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.08 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 25.51 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 1.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.98 | |
| Elder Ray (13): | 0.22 | |
| Super Trend (3,10): | 0.79 | |
| Zig ZAG (10): | 1.22 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 20.97 | |
| TEMA (21): | 1.10 | |
| Williams %R (14): | -61.76 | |
| Chande Momentum Oscillator (20): | -0.30 | |
| Repulse (5,40,3): | -2.5400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 4.76 |
| MA7: | 1.19 | |
| MA20: | 1.08 | |
| MA50: | 1.08 | |
| MA100: | 1.12 | |
| MAexp7: | 1.11 | |
| MAexp20: | 1.12 | |
| MAexp50: | 1.12 | |
| MAexp100: | 1.11 | |
| Price / MA7: | +2.52% | |
| Price / MA20: | +12.96% | |
| Price / MA50: | +12.96% | |
| Price / MA100: | +8.93% | |
| Price / MAexp7: | +9.91% | |
| Price / MAexp20: | +8.93% | |
| Price / MAexp50: | +8.93% | |
| Price / MAexp100: | +9.91% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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