EURO FX FULL1224 - Weekly - Technical analysis published on 12/01/2020 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 1.19252 USD
My targets
1.22170 USD (+1.20%)
1.25252 USD (+3.75%)
My analysis
EURO FX FULL1220 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.19252 USD. The next resistance located at 1.22170 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.25252 USD. After this resistance, buyers could then target 1.39320 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.6
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Additional analysis
Quotes
EURO FX FULL1220 rating 1.20725 USD. Over 5 days, this instrument gained +1.56% and has been traded over the last 5 days between 1.19130 USD and 1.20075 USD. This implies that the 5 day price is +1.34% from its lowest point and +0.54% from its highest point.1.19130
1.20075
1.20725
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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
A technical analysis in Weekly of this EURO FX FULL1220 chart shows a strongly bullish trend. 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.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.12762 | 1.16122 | 1.19252 | 1.20725 | 1.22170 | 1.25252 | 1.39320 |
| Change (%) | -6.60% | -3.81% | -1.22% | - | +1.20% | +3.75% | +15.40% |
| Change | -0.07963 | -0.04603 | -0.01473 | - | +0.01445 | +0.04527 | +0.18595 |
| Level | Minor | Major | Major | - | Minor | Major | 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 | 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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 64.16 | |
| MACD (12,26,9): | 0.0160 | |
| Directional Movement: | 14.99269 | |
| AROON (14): | 28.57143 | |
| DEMA (21): | 1.19735 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.16196 | |
| Elder Ray (13): | 0.01649 | |
| Super Trend (3,10): | 1.14656 | |
| Zig ZAG (10): | 1.20750 | |
| VORTEX (21): | 1.1699 | |
| Stochastique (14,3,5): | 82.58 | |
| TEMA (21): | 1.20096 | |
| Williams %R (14): | -1.18 | |
| Chande Momentum Oscillator (20): | 0.02195 | |
| Repulse (5,40,3): | 2.5739 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2149 | |
| Courbe Coppock: | 1.86 |
| MA7: | 1.19694 | |
| MA20: | 1.18905 | |
| MA50: | 1.18121 | |
| MA100: | 1.17987 | |
| MAexp7: | 1.19092 | |
| MAexp20: | 1.17564 | |
| MAexp50: | 1.15205 | |
| MAexp100: | 1.14239 | |
| Price / MA7: | +0.86% | |
| Price / MA20: | +1.53% | |
| Price / MA50: | +2.20% | |
| Price / MA100: | +2.32% | |
| Price / MAexp7: | +1.37% | |
| Price / MAexp20: | +2.69% | |
| Price / MAexp50: | +4.79% | |
| Price / MAexp100: | +5.68% |
Quotes :
2020-12-01 23:37:37
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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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