GAS (X100) - GAS/USD - 1H - Technical analysis published on 01/15/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 109.68 USD
My targets
118.37 USD (+6.83%)
125.37 USD (+13.14%)
My analysis
GAS (X100) - GAS/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 109.68 USD. The next resistance located at 118.37 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 125.37 USD. After this resistance, buyers could then target 174.56 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GAS (X100) - GAS/USD rating is 110.81 USD. On the day, this instrument gained +2.84% and was between 104.63 USD and 113.10 USD. This implies that the price is at +5.91% from its lowest and at -2.02% from its highest.104.63
113.10
110.81
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of GAS (X100) - GAS/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
White morning star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 100.15 | 103.94 | 109.68 | 110.81 | 174.56 | 236.27 | 317.92 |
| Change (%) | -9.62% | -6.20% | -1.02% | - | +57.53% | +113.22% | +186.91% |
| Change | -10.66 | -6.87 | -1.13 | - | +63.75 | +125.46 | +207.11 |
| Level | Major | Minor | Intermediate | - | Major | Minor | Minor |
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 | 84.98 | 90.30 | 99.03 | 104.35 | 113.08 | 118.40 | 127.13 |
| Camarilla | 103.89 | 105.17 | 106.46 | 107.75 | 109.04 | 110.33 | 111.61 |
| Woodie | 86.68 | 91.15 | 100.73 | 105.20 | 114.78 | 119.25 | 128.83 |
| Fibonacci | 90.30 | 95.67 | 98.99 | 104.35 | 109.72 | 113.04 | 118.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.44 | 82.54 | 89.75 | 96.85 | 104.06 | 111.16 | 118.37 |
| Camarilla | 93.04 | 94.35 | 95.66 | 96.97 | 98.28 | 99.59 | 100.91 |
| Woodie | 75.51 | 82.57 | 89.82 | 96.88 | 104.13 | 111.19 | 118.44 |
| Fibonacci | 82.54 | 88.00 | 91.38 | 96.85 | 102.31 | 105.69 | 111.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.12 | 69.25 | 80.18 | 97.31 | 108.24 | 125.37 | 136.30 |
| Camarilla | 83.40 | 85.98 | 88.55 | 91.12 | 93.69 | 96.26 | 98.84 |
| Woodie | 49.03 | 67.70 | 77.09 | 95.76 | 105.15 | 123.82 | 133.21 |
| Fibonacci | 69.25 | 79.97 | 86.59 | 97.31 | 108.03 | 114.65 | 125.37 |
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): | 61.60 | |
| MACD (12,26,9): | 2.3500 | |
| Directional Movement: | 16.96 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 111.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 105.40 | |
| Elder Ray (13): | 2.11 | |
| Super Trend (3,10): | 103.89 | |
| Zig ZAG (10): | 110.50 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 84.02 | |
| TEMA (21): | 112.10 | |
| Williams %R (14): | -20.19 | |
| Chande Momentum Oscillator (20): | -1.25 | |
| Repulse (5,40,3): | 0.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3300 | |
| Courbe Coppock: | 4.44 |
| MA7: | 99.70 | |
| MA20: | 96.38 | |
| MA50: | 100.26 | |
| MA100: | 118.70 | |
| MAexp7: | 110.87 | |
| MAexp20: | 108.63 | |
| MAexp50: | 104.63 | |
| MAexp100: | 101.46 | |
| Price / MA7: | +11.14% | |
| Price / MA20: | +14.97% | |
| Price / MA50: | +10.52% | |
| Price / MA100: | -6.65% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +2.01% | |
| Price / MAexp50: | +5.91% | |
| Price / MAexp100: | +9.22% |
This member declared not having a position on this financial instrument or a related financial instrument.
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