EUR/ILS - 15 min. - Technical analysis published on 05/16/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 3.99462 ILS
My targets
4.01123 ILS (+0.00123)
4.02733 ILS (+0.01733)
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 3.99462 ILS. The buyers' bullish objective is set at 4.01123 ILS. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.02733 ILS. If there is any crossing, the next objective would be the resistance located at 4.04394 ILS. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8
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Additional analysis
Quotes
EUR/ILS rating 4.01000 ILS. The price registered an increase of +0.37% on the session and was between 3.98956 ILS and 4.01481 ILS. This implies that the price is at +0.51% from its lowest and at -0.12% from its highest.3.98956
4.01481
4.01000
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of EUR/ILS indicates that the overall trend is strongly bullish. 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.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.99172 | 3.99958 | 4.00827 | 4.01000 | 4.02895 | 4.03943 | 4.07922 |
| Change (%) | -0.46% | -0.26% | -0.04% | - | +0.47% | +0.73% | +1.73% |
| Change | -0.01828 | -0.01042 | -0.00173 | - | +0.01895 | +0.02943 | +0.06922 |
| Level | Intermediate | Intermediate | Major | - | Major | Minor | Intermediate |
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 | 3.94581 | 3.96191 | 3.97852 | 3.99462 | 4.01123 | 4.02733 | 4.04394 |
| Camarilla | 3.98614 | 3.98913 | 3.99213 | 3.99513 | 3.99813 | 4.00113 | 4.00413 |
| Woodie | 3.94607 | 3.96204 | 3.97878 | 3.99475 | 4.01149 | 4.02746 | 4.04420 |
| Fibonacci | 3.96191 | 3.97441 | 3.98213 | 3.99462 | 4.00712 | 4.01484 | 4.02733 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.89089 | 3.92785 | 3.96550 | 4.00246 | 4.04011 | 4.07707 | 4.11472 |
| Camarilla | 3.98262 | 3.98946 | 3.99630 | 4.00314 | 4.00998 | 4.01682 | 4.02366 |
| Woodie | 3.89123 | 3.92802 | 3.96584 | 4.00263 | 4.04045 | 4.07724 | 4.11506 |
| Fibonacci | 3.92785 | 3.95635 | 3.97396 | 4.00246 | 4.03096 | 4.04857 | 4.07707 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.75658 | 3.84973 | 3.91826 | 4.01141 | 4.07994 | 4.17309 | 4.24162 |
| Camarilla | 3.94233 | 3.95715 | 3.97197 | 3.98679 | 4.00161 | 4.01643 | 4.03125 |
| Woodie | 3.74427 | 3.84358 | 3.90595 | 4.00526 | 4.06763 | 4.16694 | 4.22931 |
| Fibonacci | 3.84973 | 3.91149 | 3.94965 | 4.01141 | 4.07317 | 4.11133 | 4.17309 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.79 | |
| MACD (12,26,9): | 0.0026 | |
| Directional Movement: | 8.34659 | |
| AROON (14): | 71.42857 | |
| DEMA (21): | 4.00466 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.00180 | |
| Elder Ray (13): | 0.00359 | |
| Super Trend (3,10): | 3.99274 | |
| Zig ZAG (10): | 4.00530 | |
| VORTEX (21): | 1.0976 | |
| Stochastique (14,3,5): | 84.82 | |
| TEMA (21): | 4.00671 | |
| Williams %R (14): | -3.55 | |
| Chande Momentum Oscillator (20): | 0.00753 | |
| Repulse (5,40,3): | 0.1943 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0077 | |
| Courbe Coppock: | 0.47 |
| MA7: | 4.00316 | |
| MA20: | 4.01267 | |
| MA50: | 3.99943 | |
| MA100: | 3.99101 | |
| MAexp7: | 4.00799 | |
| MAexp20: | 4.00124 | |
| MAexp50: | 3.99824 | |
| MAexp100: | 3.99725 | |
| Price / MA7: | +0.17% | |
| Price / MA20: | -0.07% | |
| Price / MA50: | +0.26% | |
| Price / MA100: | +0.48% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +0.32% |
Quotes :
-
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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