EUR/CNH - 1H - Technical analysis published on 11/28/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 7.42968 CNH
My targets
7.51900 CNH (+0.03889)
7.61342 CNH (+0.13331)
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 7.42968 CNH remains possible. It is advisable to trade EUR/CNH with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 7.42968 CNH. The next bullish objective for buyers is set at 7.51900 CNH. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.61342 CNH. If there is any crossing, the next objective would be the resistance located at 7.76615 CNH. PS: if there is a bearish break in the support located at 7.42968 CNH 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.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.7
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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Additional analysis
Quotes
The EUR/CNH rating is 7.48011 CNH. The price has increased by +0.00% since the last closing and was traded between 7.46656 CNH and 7.52899 CNH over the period. The price is currently at +0.18% from its lowest and -0.65% from its highest.7.46656
7.52899
7.48011
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
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:
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
Abnormal volumes on EUR/CNH were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this EUR/CNH chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 7 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
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 | 7.35669 | 7.39461 | 7.42968 | 7.48011 | 7.48037 | 7.51900 | 7.76615 |
| Change (%) | -1.65% | -1.14% | -0.67% | - | +0.00% | +0.52% | +3.82% |
| Change | -0.12342 | -0.08550 | -0.05043 | - | +0.00026 | +0.03889 | +0.28604 |
| Level | Minor | 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 | 7.39863 | 7.42370 | 7.45190 | 7.47697 | 7.50517 | 7.53024 | 7.55844 |
| Camarilla | 7.46546 | 7.47034 | 7.47523 | 7.48011 | 7.48499 | 7.48988 | 7.49476 |
| Woodie | 7.40021 | 7.42448 | 7.45348 | 7.47775 | 7.50675 | 7.53102 | 7.56002 |
| Fibonacci | 7.42370 | 7.44405 | 7.45662 | 7.47697 | 7.49732 | 7.50989 | 7.53024 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.19068 | 7.25734 | 7.36872 | 7.43538 | 7.54676 | 7.61342 | 7.72480 |
| Camarilla | 7.43115 | 7.44747 | 7.46379 | 7.48011 | 7.49643 | 7.51275 | 7.52907 |
| Woodie | 7.21305 | 7.26852 | 7.39109 | 7.44656 | 7.56913 | 7.62460 | 7.74717 |
| Fibonacci | 7.25734 | 7.32535 | 7.36737 | 7.43538 | 7.50339 | 7.54541 | 7.61342 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.62623 | 6.77249 | 7.01136 | 7.15762 | 7.39649 | 7.54275 | 7.78162 |
| Camarilla | 7.14432 | 7.17962 | 7.21493 | 7.25023 | 7.28553 | 7.32084 | 7.35614 |
| Woodie | 6.67254 | 6.79564 | 7.05767 | 7.18077 | 7.44280 | 7.56590 | 7.82793 |
| Fibonacci | 6.77249 | 6.91961 | 7.01050 | 7.15762 | 7.30474 | 7.39563 | 7.54275 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.60 | |
| MACD (12,26,9): | 0.0060 | |
| Directional Movement: | -7.49337 | |
| AROON (14): | 64.28571 | |
| DEMA (21): | 7.49428 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.52652 | |
| Elder Ray (13): | -0.01414 | |
| Super Trend (3,10): | 7.52537 | |
| Zig ZAG (10): | 7.47772 | |
| VORTEX (21): | 0.9735 | |
| Stochastique (14,3,5): | 20.60 | |
| TEMA (21): | 7.49116 | |
| Williams %R (14): | -82.51 | |
| Chande Momentum Oscillator (20): | -0.01772 | |
| Repulse (5,40,3): | -0.2095 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0185 | |
| Courbe Coppock: | 0.41 |
| MA7: | 7.41978 | |
| MA20: | 7.32397 | |
| MA50: | 7.15770 | |
| MA100: | 7.02938 | |
| MAexp7: | 7.48600 | |
| MAexp20: | 7.48476 | |
| MAexp50: | 7.46674 | |
| MAexp100: | 7.43914 | |
| Price / MA7: | +0.81% | |
| Price / MA20: | +2.13% | |
| Price / MA50: | +4.50% | |
| Price / MA100: | +6.41% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | +0.55% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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