EUR/ILS - 1H - Technical analysis published on 11/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 4.07542 ILS
My targets
4.09685 ILS (+0.01418)
4.12101 ILS (+0.03834)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 4.07542 ILS remains possible. It is advisable to trade EUR/ILS with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 4.07542 ILS. The next bullish objective for buyers is set at 4.09685 ILS. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.12101 ILS. If there is any crossing, the next objective would be the resistance located at 4.14955 ILS. PS: if there is a bearish break in the support located at 4.07542 ILS we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.8
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Additional analysis
Quotes
The EUR/ILS rating is 4.08267 ILS. The price registered an increase of +0.50% on the session and was traded between 4.05709 ILS and 4.10956 ILS over the period. The price is currently at +0.63% from its lowest and -0.65% from its highest.4.05709
4.10956
4.08267
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/ILS indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 9 are neutral and 5 are bearish. The Central Indicators scanner found this result concerning these indicators:
Williams %R indicator is back over -50
Type : Bullish
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
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.05222 | 4.06462 | 4.07542 | 4.08267 | 4.09685 | 4.12101 | 4.14955 |
| Change (%) | -0.75% | -0.44% | -0.18% | - | +0.35% | +0.94% | +1.64% |
| Change | -0.03045 | -0.01805 | -0.00725 | - | +0.01418 | +0.03834 | +0.06688 |
| Level | Intermediate | Minor | Major | - | 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 | 4.00870 | 4.03054 | 4.04610 | 4.06794 | 4.08350 | 4.10534 | 4.12090 |
| Camarilla | 4.05138 | 4.05480 | 4.05823 | 4.06166 | 4.06509 | 4.06852 | 4.07195 |
| Woodie | 4.00556 | 4.02897 | 4.04296 | 4.06637 | 4.08036 | 4.10377 | 4.11776 |
| Fibonacci | 4.03054 | 4.04483 | 4.05365 | 4.06794 | 4.08223 | 4.09105 | 4.10534 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.93050 | 3.96798 | 4.01482 | 4.05230 | 4.09914 | 4.13662 | 4.18346 |
| Camarilla | 4.03847 | 4.04620 | 4.05393 | 4.06166 | 4.06939 | 4.07712 | 4.08485 |
| Woodie | 3.93518 | 3.97032 | 4.01950 | 4.05464 | 4.10382 | 4.13896 | 4.18814 |
| Fibonacci | 3.96798 | 4.00019 | 4.02009 | 4.05230 | 4.08451 | 4.10441 | 4.13662 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.75759 | 3.88153 | 3.97698 | 4.10092 | 4.19637 | 4.32031 | 4.41576 |
| Camarilla | 4.01211 | 4.03222 | 4.05233 | 4.07244 | 4.09255 | 4.11266 | 4.13277 |
| Woodie | 3.74336 | 3.87441 | 3.96275 | 4.09380 | 4.18214 | 4.31319 | 4.40153 |
| Fibonacci | 3.88153 | 3.96533 | 4.01711 | 4.10092 | 4.18472 | 4.23650 | 4.32031 |
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): | 51.43 | |
| MACD (12,26,9): | 0.0034 | |
| Directional Movement: | 0.47137 | |
| AROON (14): | 21.42857 | |
| DEMA (21): | 4.08785 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.09960 | |
| Elder Ray (13): | -0.00086 | |
| Super Trend (3,10): | 4.05498 | |
| Zig ZAG (10): | 4.08287 | |
| VORTEX (21): | 1.0036 | |
| Stochastique (14,3,5): | 54.19 | |
| TEMA (21): | 4.08665 | |
| Williams %R (14): | -47.13 | |
| Chande Momentum Oscillator (20): | -0.00212 | |
| Repulse (5,40,3): | -0.0443 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0155 | |
| Courbe Coppock: | 0.22 |
| MA7: | 4.05831 | |
| MA20: | 4.07960 | |
| MA50: | 4.11710 | |
| MA100: | 4.07818 | |
| MAexp7: | 4.08504 | |
| MAexp20: | 4.08278 | |
| MAexp50: | 4.07383 | |
| MAexp100: | 4.06490 | |
| Price / MA7: | +0.60% | |
| Price / MA20: | +0.08% | |
| Price / MA50: | -0.84% | |
| Price / MA100: | +0.11% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.45% |
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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