EURO FX FULL1224 - 1H - Technical analysis published on 12/03/2020 (GMT)
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- Timeframe : 1H
- - 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
83%
0%
17%
My opinion
Bullish above 1.21120 USD
My targets
1.22170 USD (+0.35%)
1.23820 USD (+1.70%)
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 1.21120 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 1.23820 USD. After this resistance, buyers could then target 1.25252 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.
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
8.8
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Additional analysis
Quotes
The EURO FX FULL1220 rating is 1.21745 USD. On the day, this instrument gained +0.60% and was traded between 1.21030 USD and 1.21750 USD over the period. The price is currently at +0.59% from its lowest and +0.00% from its highest.1.21030
1.21750
1.21745
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EURO FX FULL1220 chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 15 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 : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
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 | 1.19252 | 1.20430 | 1.21120 | 1.21745 | 1.22170 | 1.25252 | 1.39320 |
| Change (%) | -2.05% | -1.08% | -0.51% | - | +0.35% | +2.88% | +14.44% |
| Change | -0.02493 | -0.01315 | -0.00625 | - | +0.00425 | +0.03507 | +0.17575 |
| Level | Major | Minor | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.19777 | 1.20103 | 1.20562 | 1.20888 | 1.21347 | 1.21673 | 1.22132 |
| Camarilla | 1.20804 | 1.20876 | 1.20948 | 1.21020 | 1.21092 | 1.21164 | 1.21236 |
| Woodie | 1.19843 | 1.20136 | 1.20628 | 1.20921 | 1.21413 | 1.21706 | 1.22198 |
| Fibonacci | 1.20103 | 1.20403 | 1.20589 | 1.20888 | 1.21188 | 1.21374 | 1.21673 |
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 | 1.12815 | 1.14470 | 1.17490 | 1.19145 | 1.22165 | 1.23820 | 1.26840 |
| Camarilla | 1.19224 | 1.19653 | 1.20082 | 1.20510 | 1.20939 | 1.21367 | 1.21796 |
| Woodie | 1.13498 | 1.14811 | 1.18173 | 1.19486 | 1.22848 | 1.24161 | 1.27523 |
| Fibonacci | 1.14470 | 1.16256 | 1.17359 | 1.19145 | 1.20931 | 1.22034 | 1.23820 |
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): | 77.38 | |
| MACD (12,26,9): | 0.0022 | |
| Directional Movement: | 29.24810 | |
| AROON (14): | 35.71429 | |
| DEMA (21): | 1.21484 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.21054 | |
| Elder Ray (13): | 0.00320 | |
| Super Trend (3,10): | 1.21141 | |
| Zig ZAG (10): | 1.21650 | |
| VORTEX (21): | 1.2417 | |
| Stochastique (14,3,5): | 86.72 | |
| TEMA (21): | 1.21557 | |
| Williams %R (14): | -10.22 | |
| Chande Momentum Oscillator (20): | 0.00385 | |
| Repulse (5,40,3): | 0.1892 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0221 | |
| Courbe Coppock: | 0.55 |
| MA7: | 1.20101 | |
| MA20: | 1.19069 | |
| MA50: | 1.18219 | |
| MA100: | 1.18065 | |
| MAexp7: | 1.21491 | |
| MAexp20: | 1.21269 | |
| MAexp50: | 1.20868 | |
| MAexp100: | 1.20391 | |
| Price / MA7: | +1.37% | |
| Price / MA20: | +2.25% | |
| Price / MA50: | +2.98% | |
| Price / MA100: | +3.12% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.39% | |
| Price / MAexp50: | +0.73% | |
| Price / MAexp100: | +1.12% |
Quotes :
2020-12-03 15:23:14
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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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