EUR/ILS - 1H - Technical analysis published on 06/12/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 4.00381 ILS
My targets
3.97784 ILS (-0.01618)
3.96639 ILS (-0.02763)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 4.00381 ILS remains possible. It is advisable to trade EUR/ILS with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 4.00381 ILS. The next bearish objective for sellers is set at 3.97784 ILS. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.96639 ILS. In case of crossing, the next objective would be the support located at 3.92602 ILS. PS: if there is a bullish break in the resistance located at 4.00381 ILS we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/ILS price is 3.99402 ILS. The price registered a decrease of -0.05% on the session with the lowest point at 3.97695 ILS and the highest point at 4.00969 ILS. The deviation from the price is +0.43% for the low point and -0.39% for the high point.3.97695
4.00969
3.99402
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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 1H chart of EUR/ILS indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.92602 | 3.96639 | 3.97784 | 3.99402 | 4.00381 | 4.01804 | 4.03175 |
| Change (%) | -1.70% | -0.69% | -0.41% | - | +0.25% | +0.60% | +0.94% |
| Change | -0.06800 | -0.02763 | -0.01618 | - | +0.00979 | +0.02402 | +0.03773 |
| Level | Minor | Major | Major | - | Minor | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.87355 | 3.91997 | 3.95793 | 4.00435 | 4.04231 | 4.08873 | 4.12669 |
| Camarilla | 3.97269 | 3.98042 | 3.98816 | 3.99589 | 4.00363 | 4.01136 | 4.01910 |
| Woodie | 3.86932 | 3.91786 | 3.95370 | 4.00224 | 4.03808 | 4.08662 | 4.12246 |
| Fibonacci | 3.91997 | 3.95220 | 3.97212 | 4.00435 | 4.03658 | 4.05650 | 4.08873 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.87035 | 3.91449 | 3.98766 | 4.03180 | 4.10497 | 4.14911 | 4.22228 |
| Camarilla | 4.02857 | 4.03932 | 4.05008 | 4.06083 | 4.07158 | 4.08234 | 4.09309 |
| Woodie | 3.88487 | 3.92175 | 4.00218 | 4.03906 | 4.11949 | 4.15637 | 4.23680 |
| Fibonacci | 3.91449 | 3.95930 | 3.98699 | 4.03180 | 4.07661 | 4.10430 | 4.14911 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.88736 | 3.92609 | 3.97171 | 4.01044 | 4.05606 | 4.09479 | 4.14041 |
| Camarilla | 3.99413 | 4.00187 | 4.00960 | 4.01733 | 4.02506 | 4.03279 | 4.04053 |
| Woodie | 3.89081 | 3.92781 | 3.97516 | 4.01216 | 4.05951 | 4.09651 | 4.14386 |
| Fibonacci | 3.92609 | 3.95831 | 3.97822 | 4.01044 | 4.04266 | 4.06257 | 4.09479 |
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): | 50.68 | |
| MACD (12,26,9): | -0.0042 | |
| Directional Movement: | 3.06893 | |
| AROON (14): | 14.28571 | |
| DEMA (21): | 3.98681 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.97760 | |
| Elder Ray (13): | -0.00402 | |
| Super Trend (3,10): | 4.00610 | |
| Zig ZAG (10): | 3.99667 | |
| VORTEX (21): | 1.0698 | |
| Stochastique (14,3,5): | 44.98 | |
| TEMA (21): | 3.98992 | |
| Williams %R (14): | -55.53 | |
| Chande Momentum Oscillator (20): | 0.00408 | |
| Repulse (5,40,3): | 0.2026 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0195 | |
| Courbe Coppock: | 0.13 |
| MA7: | 4.02979 | |
| MA20: | 4.00943 | |
| MA50: | 4.01397 | |
| MA100: | 3.98083 | |
| MAexp7: | 3.99029 | |
| MAexp20: | 3.99361 | |
| MAexp50: | 4.00556 | |
| MAexp100: | 4.01663 | |
| Price / MA7: | -0.89% | |
| Price / MA20: | -0.38% | |
| Price / MA50: | -0.50% | |
| Price / MA100: | +0.33% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -0.56% |
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.
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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