EURO FX FULL1224 - 15 min. - Technical analysis published on 12/01/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 1.20288 USD
My targets
1.21257 USD (+0.44%)
1.21768 USD (+0.86%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EURO FX FULL1220 as long as the price remains well above 1.20288 USD. The buyers” bullish objective is set at 1.21257 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.21768 USD. If there is any crossing, the next objective would be the resistance located at 1.22737 USD. 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
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Additional analysis
Quotes
EURO FX FULL1220 rating 1.20725 USD. On the day, this instrument gained +0.18% and was traded between 1.20720 USD and 1.20770 USD over the period. The price is currently at +0.00% from its lowest and -0.04% from its highest.1.20720
1.20770
1.20725
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of EURO FX FULL1220 indicates that the overall trend is strongly bullish. 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, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.19450 | 1.19660 | 1.20075 | 1.20725 | 1.22170 | 1.25252 | 1.39320 |
| Change (%) | -1.06% | -0.88% | -0.54% | - | +1.20% | +3.75% | +15.40% |
| Change | -0.01275 | -0.01065 | -0.00650 | - | +0.01445 | +0.04527 | +0.18595 |
| Level | Minor | Intermediate | Minor | - | Minor | Major | Minor |
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 | 1.18297 | 1.18808 | 1.19777 | 1.20288 | 1.21257 | 1.21768 | 1.22737 |
| Camarilla | 1.20338 | 1.20474 | 1.20609 | 1.20745 | 1.20881 | 1.21016 | 1.21152 |
| Woodie | 1.18525 | 1.18923 | 1.20005 | 1.20403 | 1.21485 | 1.21883 | 1.22965 |
| Fibonacci | 1.18808 | 1.19374 | 1.19723 | 1.20288 | 1.20854 | 1.21203 | 1.21768 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.16925 | 1.17485 | 1.18545 | 1.19105 | 1.20165 | 1.20725 | 1.21785 |
| Camarilla | 1.19160 | 1.19308 | 1.19457 | 1.19605 | 1.19754 | 1.19902 | 1.20051 |
| Woodie | 1.17175 | 1.17610 | 1.18795 | 1.19230 | 1.20415 | 1.20850 | 1.22035 |
| Fibonacci | 1.17485 | 1.18104 | 1.18486 | 1.19105 | 1.19724 | 1.20106 | 1.20725 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.12972 | 1.14548 | 1.17647 | 1.19223 | 1.22322 | 1.23898 | 1.26997 |
| Camarilla | 1.19459 | 1.19888 | 1.20317 | 1.20745 | 1.21174 | 1.21602 | 1.22031 |
| Woodie | 1.13733 | 1.14929 | 1.18408 | 1.19604 | 1.23083 | 1.24279 | 1.27758 |
| Fibonacci | 1.14548 | 1.16334 | 1.17438 | 1.19223 | 1.21009 | 1.22113 | 1.23898 |
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): | 78.25 | |
| MACD (12,26,9): | 0.0015 | |
| Directional Movement: | 29.01958 | |
| AROON (14): | 57.14285 | |
| DEMA (21): | 1.20794 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.20576 | |
| Elder Ray (13): | 0.00080 | |
| Super Trend (3,10): | 1.20554 | |
| Zig ZAG (10): | 1.20750 | |
| VORTEX (21): | 1.2656 | |
| Stochastique (14,3,5): | 84.08 | |
| TEMA (21): | 1.20793 | |
| Williams %R (14): | -16.42 | |
| Chande Momentum Oscillator (20): | 0.00245 | |
| Repulse (5,40,3): | 0.0091 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0184 | |
| Courbe Coppock: | 0.39 |
| MA7: | 1.19694 | |
| MA20: | 1.18905 | |
| MA50: | 1.18121 | |
| MA100: | 1.17987 | |
| MAexp7: | 1.20720 | |
| MAexp20: | 1.20592 | |
| MAexp50: | 1.20316 | |
| MAexp100: | 1.20067 | |
| Price / MA7: | +0.86% | |
| Price / MA20: | +1.53% | |
| Price / MA50: | +2.20% | |
| Price / MA100: | +2.32% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.34% | |
| Price / MAexp100: | +0.55% |
Quotes :
2020-12-01 23:36:46
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10 min delayed data
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CME Globex Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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