EUR/ILS - 1H - Technical analysis published on 06/29/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 4.02729 ILS
My targets
4.05953 ILS (+0.02726)
4.10293 ILS (+0.07066)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/ILS as long as the price remains well above 4.02729 ILS. The buyers' bullish objective is set at 4.05953 ILS. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.10293 ILS. If there is any crossing, the next objective would be the resistance located at 4.21065 ILS. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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Additional analysis
Quotes
The EUR/ILS price is 4.03227 ILS. The price has increased by +0.58% since the last closing and was between 3.99052 ILS and 4.03461 ILS. This implies that the price is at +1.05% from its lowest and at -0.06% from its highest.3.99052
4.03461
4.03227
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/ILS chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied 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 : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.96642 | 4.00369 | 4.02729 | 4.03227 | 4.10293 | 4.21065 | 4.41752 |
| Change (%) | -1.63% | -0.71% | -0.12% | - | +1.75% | +4.42% | +9.55% |
| Change | -0.06585 | -0.02858 | -0.00498 | - | +0.07066 | +0.17838 | +0.38525 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Major | 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 | 3.95981 | 3.97933 | 3.99415 | 4.01367 | 4.02849 | 4.04801 | 4.06283 |
| Camarilla | 3.99953 | 4.00267 | 4.00582 | 4.00897 | 4.01212 | 4.01527 | 4.01841 |
| Woodie | 3.95746 | 3.97816 | 3.99180 | 4.01250 | 4.02614 | 4.04684 | 4.06048 |
| Fibonacci | 3.97933 | 3.99245 | 4.00055 | 4.01367 | 4.02679 | 4.03489 | 4.04801 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.78352 | 3.83831 | 3.89413 | 3.94892 | 4.00474 | 4.05953 | 4.11535 |
| Camarilla | 3.91953 | 3.92967 | 3.93981 | 3.94995 | 3.96009 | 3.97023 | 3.98037 |
| Woodie | 3.78404 | 3.83857 | 3.89465 | 3.94918 | 4.00526 | 4.05979 | 4.11587 |
| Fibonacci | 3.83831 | 3.88056 | 3.90667 | 3.94892 | 3.99117 | 4.01728 | 4.05953 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.70457 | 3.81041 | 3.90045 | 4.00629 | 4.09633 | 4.20217 | 4.29221 |
| Camarilla | 3.93663 | 3.95459 | 3.97254 | 3.99050 | 4.00846 | 4.02641 | 4.04437 |
| Woodie | 3.69668 | 3.80646 | 3.89256 | 4.00234 | 4.08844 | 4.19822 | 4.28432 |
| Fibonacci | 3.81041 | 3.88523 | 3.93146 | 4.00629 | 4.08111 | 4.12734 | 4.20217 |
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): | 63.98 | |
| MACD (12,26,9): | 0.0033 | |
| Directional Movement: | 11.47016 | |
| AROON (14): | 28.57143 | |
| DEMA (21): | 4.01508 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.99267 | |
| Elder Ray (13): | 0.00995 | |
| Super Trend (3,10): | 3.99922 | |
| Zig ZAG (10): | 4.02910 | |
| VORTEX (21): | 1.0056 | |
| Stochastique (14,3,5): | 94.33 | |
| TEMA (21): | 4.01480 | |
| Williams %R (14): | -2.84 | |
| Chande Momentum Oscillator (20): | 0.02346 | |
| Repulse (5,40,3): | 0.6795 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0030 | |
| Courbe Coppock: | 0.30 |
| MA7: | 3.98555 | |
| MA20: | 3.94254 | |
| MA50: | 3.97249 | |
| MA100: | 3.93078 | |
| MAexp7: | 4.01834 | |
| MAexp20: | 4.01105 | |
| MAexp50: | 4.00283 | |
| MAexp100: | 3.98786 | |
| Price / MA7: | +1.17% | |
| Price / MA20: | +2.28% | |
| Price / MA50: | +1.50% | |
| Price / MA100: | +2.58% | |
| Price / MAexp7: | +0.35% | |
| Price / MAexp20: | +0.53% | |
| Price / MAexp50: | +0.74% | |
| Price / MAexp100: | +1.12% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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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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