VULCAN FORGED - PYR/USD - 1H - Technical analysis published on 11/17/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 6.20 USD
My targets
6.04 USD (-1.10%)
5.73 USD (-6.22%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on VULCAN FORGED - PYR/USD as long as the price remains well below 6.20 USD. The sellers' bearish objective is set at 6.04 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.73 USD. In case of crossing, the next objective would be the support located at 5.55 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.1
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This analysis was given by Blackoin. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The VULCAN FORGED - PYR/USD rating is 6.11 USD. On the day, this instrument lost -2.40% with the lowest point at 5.78 USD and the highest point at 6.74 USD. The deviation from the price is +5.71% for the low point and -9.35% for the high point.5.78
6.74
6.11
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on VULCAN FORGED - PYR/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of VULCAN FORGED - PYR/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.28 | 5.55 | 5.73 | 6.11 | 6.20 | 6.37 | 6.51 |
| Change (%) | -29.95% | -9.17% | -6.22% | - | +1.47% | +4.26% | +6.55% |
| Change | -1.83 | -0.56 | -0.38 | - | +0.09 | +0.26 | +0.40 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.99 | 5.59 | 5.93 | 6.53 | 6.87 | 7.47 | 7.81 |
| Camarilla | 6.00 | 6.09 | 6.17 | 6.26 | 6.35 | 6.43 | 6.52 |
| Woodie | 4.85 | 5.53 | 5.79 | 6.47 | 6.73 | 7.41 | 7.67 |
| Fibonacci | 5.59 | 5.95 | 6.17 | 6.53 | 6.89 | 7.11 | 7.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.34 | 3.28 | 5.10 | 6.04 | 7.86 | 8.80 | 10.62 |
| Camarilla | 6.15 | 6.40 | 6.66 | 6.91 | 7.16 | 7.42 | 7.67 |
| Woodie | 2.77 | 3.50 | 5.53 | 6.26 | 8.29 | 9.02 | 11.05 |
| Fibonacci | 3.28 | 4.34 | 4.99 | 6.04 | 7.10 | 7.75 | 8.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.71 | 1.72 | 2.87 | 3.88 | 5.03 | 6.04 | 7.19 |
| Camarilla | 3.43 | 3.62 | 3.82 | 4.02 | 4.22 | 4.42 | 4.61 |
| Woodie | 0.78 | 1.76 | 2.94 | 3.92 | 5.10 | 6.08 | 7.26 |
| Fibonacci | 1.72 | 2.55 | 3.06 | 3.88 | 4.71 | 5.22 | 6.04 |
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): | 44.40 | |
| MACD (12,26,9): | -0.1500 | |
| Directional Movement: | -8.92 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 6.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.27 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 6.47 | |
| Zig ZAG (10): | 6.10 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 36.71 | |
| TEMA (21): | 5.97 | |
| Williams %R (14): | -63.55 | |
| Chande Momentum Oscillator (20): | -0.36 | |
| Repulse (5,40,3): | -1.0100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3300 | |
| Courbe Coppock: | 14.23 |
| MA7: | 6.35 | |
| MA20: | 5.36 | |
| MA50: | 4.00 | |
| MA100: | 3.68 | |
| MAexp7: | 6.08 | |
| MAexp20: | 6.22 | |
| MAexp50: | 6.40 | |
| MAexp100: | 6.41 | |
| Price / MA7: | -3.78% | |
| Price / MA20: | +13.99% | |
| Price / MA50: | +52.75% | |
| Price / MA100: | +66.03% | |
| Price / MAexp7: | +0.49% | |
| Price / MAexp20: | -1.77% | |
| Price / MAexp50: | -4.53% | |
| Price / MAexp100: | -4.68% |
Quotes :
-
Real time data
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