EGOLD - EGLD/USD - 1H - Technical analysis published on 12/22/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 36.00 USD
My targets
32.77 USD (-3.08%)
29.54 USD (-12.63%)
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 36.00 USD. The next support located at 32.77 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 29.54 USD. Below this support, sellers could then target 25.81 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EGOLD - EGLD/USD price is 33.81 USD. On the day, this instrument lost -0.32% and was between 32.96 USD and 34.88 USD. This implies that the price is at +2.58% from its lowest and at -3.07% from its highest.32.96
34.88
33.81
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:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EGOLD - EGLD/USD in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 7 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bullish engulfing lines
Type : Bullish
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 | 25.81 | 29.54 | 32.77 | 33.81 | 37.01 | 39.06 | 41.57 |
| Change (%) | -23.66% | -12.63% | -3.08% | - | +9.46% | +15.53% | +22.95% |
| Change | -8.00 | -4.27 | -1.04 | - | +3.20 | +5.25 | +7.76 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | 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 | 27.25 | 30.33 | 32.13 | 35.21 | 37.01 | 40.09 | 41.89 |
| Camarilla | 32.58 | 33.03 | 33.47 | 33.92 | 34.37 | 34.82 | 35.26 |
| Woodie | 26.60 | 30.01 | 31.48 | 34.89 | 36.36 | 39.77 | 41.24 |
| Fibonacci | 30.33 | 32.20 | 33.35 | 35.21 | 37.08 | 38.23 | 40.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.85 | 18.69 | 26.31 | 37.15 | 44.77 | 55.61 | 63.23 |
| Camarilla | 28.84 | 30.54 | 32.23 | 33.92 | 35.61 | 37.30 | 39.00 |
| Woodie | 6.23 | 17.89 | 24.69 | 36.35 | 43.15 | 54.81 | 61.61 |
| Fibonacci | 18.69 | 25.75 | 30.10 | 37.15 | 44.21 | 48.56 | 55.61 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.81 | 13.62 | 28.19 | 36.00 | 50.57 | 58.38 | 72.95 |
| Camarilla | 36.60 | 38.65 | 40.70 | 42.75 | 44.80 | 46.85 | 48.91 |
| Woodie | 9.18 | 15.31 | 31.56 | 37.69 | 53.94 | 60.07 | 76.32 |
| Fibonacci | 13.62 | 22.17 | 27.45 | 36.00 | 44.55 | 49.83 | 58.38 |
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): | 45.83 | |
| MACD (12,26,9): | -0.2500 | |
| Directional Movement: | -6.49 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 33.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.75 | |
| Elder Ray (13): | -0.12 | |
| Super Trend (3,10): | 35.31 | |
| Zig ZAG (10): | 33.82 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 39.41 | |
| TEMA (21): | 33.73 | |
| Williams %R (14): | -54.69 | |
| Chande Momentum Oscillator (20): | 0.08 | |
| Repulse (5,40,3): | -0.2200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 0.34 |
| MA7: | 37.74 | |
| MA20: | 45.94 | |
| MA50: | 38.02 | |
| MA100: | 32.14 | |
| MAexp7: | 33.86 | |
| MAexp20: | 34.07 | |
| MAexp50: | 34.71 | |
| MAexp100: | 36.31 | |
| Price / MA7: | -10.41% | |
| Price / MA20: | -26.40% | |
| Price / MA50: | -11.07% | |
| Price / MA100: | +5.20% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.76% | |
| Price / MAexp50: | -2.59% | |
| Price / MAexp100: | -6.89% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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