LCX - LCX/USD - 1H - Technical analysis published on 04/20/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 0.284880 USD
My targets
0.295272 USD (+2.63%)
0.308793 USD (+7.33%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on LCX - LCX/USD. As long as you are above the support located at 0.284880 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.295272 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.308793 USD as an objective. Crossing it would then enable buyers to target 0.327653 USD. If the support 0.284880 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LCX - LCX/USD rating 0.287700 USD. On the day, this instrument lost -0.41% and was traded between 0.284948 USD and 0.299854 USD over the period. The price is currently at +0.97% from its lowest and -4.05% from its highest.0.284948
0.299854
0.287700
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this LCX - LCX/USD chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.258786 | 0.271299 | 0.284880 | 0.287700 | 0.295272 | 0.308793 | 0.327653 |
| Change (%) | -10.05% | -5.70% | -0.98% | - | +2.63% | +7.33% | +13.89% |
| Change | -0.028914 | -0.016401 | -0.002820 | - | +0.007572 | +0.021093 | +0.039953 |
| Level | Major | Minor | Major | - | Intermediate | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.233181 | 0.246203 | 0.267550 | 0.280572 | 0.301919 | 0.314941 | 0.336288 |
| Camarilla | 0.279445 | 0.282595 | 0.285746 | 0.288896 | 0.292047 | 0.295197 | 0.298348 |
| Woodie | 0.237343 | 0.248284 | 0.271712 | 0.282653 | 0.306081 | 0.317022 | 0.340450 |
| Fibonacci | 0.246203 | 0.259332 | 0.267443 | 0.280572 | 0.293701 | 0.301812 | 0.314941 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.016164 | 0.111880 | 0.194155 | 0.289871 | 0.372146 | 0.467862 | 0.550137 |
| Camarilla | 0.227483 | 0.243798 | 0.260114 | 0.276430 | 0.292746 | 0.309062 | 0.325378 |
| Woodie | 0.009444 | 0.108520 | 0.187435 | 0.286511 | 0.365426 | 0.464502 | 0.543417 |
| Fibonacci | 0.111880 | 0.179873 | 0.221878 | 0.289871 | 0.357864 | 0.399869 | 0.467862 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.079942 | 0.150792 | 0.260164 | 0.331014 | 0.440386 | 0.511236 | 0.620608 |
| Camarilla | 0.319974 | 0.336494 | 0.353015 | 0.369535 | 0.386055 | 0.402576 | 0.419096 |
| Woodie | 0.099202 | 0.160423 | 0.279424 | 0.340645 | 0.459646 | 0.520867 | 0.639868 |
| Fibonacci | 0.150792 | 0.219637 | 0.262170 | 0.331014 | 0.399859 | 0.442392 | 0.511236 |
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): | 49.49 | |
| MACD (12,26,9): | 0.0016 | |
| Directional Movement: | 5.225214 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.293377 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.297591 | |
| Elder Ray (13): | -0.001989 | |
| Super Trend (3,10): | 0.286181 | |
| Zig ZAG (10): | 0.289479 | |
| VORTEX (21): | 1.0487 | |
| Stochastique (14,3,5): | 32.85 | |
| TEMA (21): | 0.292433 | |
| Williams %R (14): | -69.60 | |
| Chande Momentum Oscillator (20): | 0.001545 | |
| Repulse (5,40,3): | -1.2046 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1341 | |
| Courbe Coppock: | 2.10 |
| MA7: | 0.288926 | |
| MA20: | 0.325284 | |
| MA50: | 0.292720 | |
| MA100: | 0.263682 | |
| MAexp7: | 0.291093 | |
| MAexp20: | 0.290852 | |
| MAexp50: | 0.286746 | |
| MAexp100: | 0.286659 | |
| Price / MA7: | -0.42% | |
| Price / MA20: | -11.55% | |
| Price / MA50: | -1.71% | |
| Price / MA100: | +9.11% | |
| Price / MAexp7: | -1.17% | |
| Price / MAexp20: | -1.08% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | +0.36% |
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.
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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