EGOLD - EGLD/USD - Daily - Technical analysis published on 04/20/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 48.75 USD
My targets
39.90 USD (-11.31%)
37.99 USD (-15.56%)
My analysis
EGOLD - EGLD/USD 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 48.75 USD. The next support located at 39.90 USD 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 37.99 USD. Below this support, sellers could then target 29.05 USD. 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.3
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This analysis was given by Deceneu. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EGOLD - EGLD/USD price is 44.99 USD. On the day, this instrument gained +9.57% with the lowest point at 40.44 USD and the highest point at 45.31 USD. The deviation from the price is +11.25% for the low point and -0.71% for the high point.40.44
45.31
44.99
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
Here is a more detailed summary of the historical variations registered by EGOLD - EGLD/USD:
Technical
Technical analysis of EGOLD - EGLD/USD in Daily shows a overall strongly bearish trend. 89.29% 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 22.83 | 29.05 | 37.99 | 44.99 | 48.75 | 57.08 | 73.32 |
Change (%) | -49.26% | -35.43% | -15.56% | - | +8.36% | +26.87% | +62.97% |
Change | -22.16 | -15.94 | -7.00 | - | +3.76 | +12.09 | +28.33 |
Level | Minor | Minor | Major | - | Minor | 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 | 34.11 | 35.75 | 38.41 | 40.05 | 42.71 | 44.35 | 47.01 |
Camarilla | 39.88 | 40.27 | 40.67 | 41.06 | 41.45 | 41.85 | 42.24 |
Woodie | 34.61 | 36.01 | 38.91 | 40.31 | 43.21 | 44.61 | 47.51 |
Fibonacci | 35.75 | 37.40 | 38.41 | 40.05 | 41.70 | 42.71 | 44.35 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 3.74 | 18.44 | 28.21 | 42.91 | 52.68 | 67.38 | 77.15 |
Camarilla | 31.26 | 33.50 | 35.75 | 37.99 | 40.23 | 42.48 | 44.72 |
Woodie | 1.29 | 17.21 | 25.76 | 41.68 | 50.23 | 66.15 | 74.70 |
Fibonacci | 18.44 | 27.78 | 33.56 | 42.91 | 52.25 | 58.03 | 67.38 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 25.96 | 39.90 | 50.07 | 64.01 | 74.18 | 88.12 | 98.29 |
Camarilla | 53.61 | 55.82 | 58.03 | 60.24 | 62.45 | 64.66 | 66.87 |
Woodie | 24.08 | 38.96 | 48.19 | 63.07 | 72.30 | 87.18 | 96.41 |
Fibonacci | 39.90 | 49.11 | 54.80 | 64.01 | 73.22 | 78.91 | 88.12 |
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): | 38.63 | |
MACD (12,26,9): | -5.0800 | |
Directional Movement: | -19.21 | |
AROON (14): | -28.57 | |
DEMA (21): | 40.91 | |
Parabolic SAR (0,02-0,02-0,2): | 48.44 | |
Elder Ray (13): | -2.65 | |
Super Trend (3,10): | 52.79 | |
Zig ZAG (10): | 43.54 | |
VORTEX (21): | 0.7900 | |
Stochastique (14,3,5): | 35.32 | |
TEMA (21): | 38.42 | |
Williams %R (14): | -57.29 | |
Chande Momentum Oscillator (20): | -13.28 | |
Repulse (5,40,3): | 12.9800 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -1.2300 | |
Courbe Coppock: | 50.39 |
MA7: | 40.93 | |
MA20: | 48.28 | |
MA50: | 58.05 | |
MA100: | 56.80 | |
MAexp7: | 42.29 | |
MAexp20: | 47.39 | |
MAexp50: | 53.52 | |
MAexp100: | 54.74 | |
Price / MA7: | +9.92% | |
Price / MA20: | -6.81% | |
Price / MA50: | -22.50% | |
Price / MA100: | -20.79% | |
Price / MAexp7: | +6.38% | |
Price / MAexp20: | -5.06% | |
Price / MAexp50: | -15.94% | |
Price / MAexp100: | -17.81% |
Quotes :
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Real time data
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