EUR/ILS - 1H - Technical analysis published on 09/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 4.14955 ILS
My targets
4.16710 ILS (+0.00629)
4.18712 ILS (+0.02631)
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 4.14955 ILS. The buyers' bullish objective is set at 4.16710 ILS. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.18712 ILS. If there is any crossing, the next objective would be the resistance located at 4.31706 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, 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
6.6
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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 rating is 4.16081 ILS. The price has increased by +1.24% since the last closing and was between 4.11174 ILS and 4.17599 ILS. This implies that the price is at +1.19% from its lowest and at -0.36% from its highest.4.11174
4.17599
4.16081
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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
Technical analysis of this 1H chart of EUR/ILS indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being 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 slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
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 | 4.12029 | 4.13632 | 4.14955 | 4.16081 | 4.16710 | 4.18712 | 4.31706 |
| Change (%) | -0.97% | -0.59% | -0.27% | - | +0.15% | +0.63% | +3.76% |
| Change | -0.04052 | -0.02449 | -0.01126 | - | +0.00629 | +0.02631 | +0.15625 |
| Level | Minor | Intermediate | Minor | - | 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 | 4.06378 | 4.08361 | 4.09680 | 4.11663 | 4.12982 | 4.14965 | 4.16284 |
| Camarilla | 4.10090 | 4.10393 | 4.10695 | 4.10998 | 4.11301 | 4.11603 | 4.11906 |
| Woodie | 4.06045 | 4.08195 | 4.09347 | 4.11497 | 4.12649 | 4.14799 | 4.15951 |
| Fibonacci | 4.08361 | 4.09623 | 4.10402 | 4.11663 | 4.12925 | 4.13704 | 4.14965 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.00354 | 4.05349 | 4.08174 | 4.13169 | 4.15994 | 4.20989 | 4.23814 |
| Camarilla | 4.08848 | 4.09564 | 4.10281 | 4.10998 | 4.11715 | 4.12432 | 4.13149 |
| Woodie | 3.99268 | 4.04807 | 4.07088 | 4.12627 | 4.14908 | 4.20447 | 4.22728 |
| Fibonacci | 4.05349 | 4.08337 | 4.10182 | 4.13169 | 4.16157 | 4.18002 | 4.20989 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.73610 | 3.87427 | 3.94352 | 4.08169 | 4.15094 | 4.28911 | 4.35836 |
| Camarilla | 3.95573 | 3.97474 | 3.99376 | 4.01277 | 4.03178 | 4.05080 | 4.06981 |
| Woodie | 3.70164 | 3.85704 | 3.90906 | 4.06446 | 4.11648 | 4.27188 | 4.32390 |
| Fibonacci | 3.87427 | 3.95350 | 4.00246 | 4.08169 | 4.16092 | 4.20988 | 4.28911 |
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): | 57.97 | |
| MACD (12,26,9): | 0.0090 | |
| Directional Movement: | 9.65818 | |
| AROON (14): | 21.42857 | |
| DEMA (21): | 4.16780 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.15904 | |
| Elder Ray (13): | 0.00178 | |
| Super Trend (3,10): | 4.13864 | |
| Zig ZAG (10): | 4.16155 | |
| VORTEX (21): | 1.1968 | |
| Stochastique (14,3,5): | 54.81 | |
| TEMA (21): | 4.17105 | |
| Williams %R (14): | -52.64 | |
| Chande Momentum Oscillator (20): | -0.00046 | |
| Repulse (5,40,3): | -0.0266 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0363 | |
| Courbe Coppock: | 0.80 |
| MA7: | 4.13817 | |
| MA20: | 4.10775 | |
| MA50: | 4.06536 | |
| MA100: | 4.03643 | |
| MAexp7: | 4.16297 | |
| MAexp20: | 4.15554 | |
| MAexp50: | 4.14374 | |
| MAexp100: | 4.13782 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | +1.29% | |
| Price / MA50: | +2.35% | |
| Price / MA100: | +3.08% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.41% | |
| Price / MAexp100: | +0.56% |
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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