EUR/CNH - 1H - Technical analysis published on 01/12/2023 (GMT)
- 115
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Additional analysis
Quotes
The EUR/CNH price is 7.27956 CNH. The price is lower by -0.01% since the last closing with the lowest point at 7.27102 CNH and the highest point at 7.28971 CNH. The deviation from the price is +0.12% for the low point and -0.14% for the high point.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
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 EUR/CNH in 1H shows a neutral overall trend. The slightly bearish signals currently given by short-term moving averages could allow the overall trend to return to a slightly bearish trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Near horizontal support
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.22620 | 7.24521 | 7.26458 | 7.27956 | 7.32840 | 7.38685 | 7.41961 |
| Change (%) | -0.73% | -0.47% | -0.21% | - | +0.67% | +1.47% | +1.92% |
| Change | -0.05336 | -0.03435 | -0.01498 | - | +0.04884 | +0.10729 | +0.14005 |
| Level | Minor | 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:
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.22010 | 7.24221 | 7.26114 | 7.28325 | 7.30218 | 7.32429 | 7.34322 |
| Camarilla | 7.26878 | 7.27255 | 7.27631 | 7.28007 | 7.28383 | 7.28759 | 7.29136 |
| Woodie | 7.21851 | 7.24142 | 7.25955 | 7.28246 | 7.30059 | 7.32350 | 7.34163 |
| Fibonacci | 7.24221 | 7.25789 | 7.26757 | 7.28325 | 7.29893 | 7.30861 | 7.32429 |
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.94820 | 7.07281 | 7.17040 | 7.29501 | 7.39260 | 7.51721 | 7.61480 |
| Camarilla | 7.20690 | 7.22726 | 7.24763 | 7.26800 | 7.28837 | 7.30874 | 7.32911 |
| Woodie | 6.93470 | 7.06606 | 7.15690 | 7.28826 | 7.37910 | 7.51046 | 7.60130 |
| Fibonacci | 7.07281 | 7.15769 | 7.21013 | 7.29501 | 7.37989 | 7.43233 | 7.51721 |
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.11963 | 7.20313 | 7.30429 | 7.38779 | 7.48895 | 7.57245 | 7.67361 |
| Camarilla | 7.35466 | 7.37159 | 7.38851 | 7.40544 | 7.42237 | 7.43929 | 7.45622 |
| Woodie | 7.12845 | 7.20755 | 7.31311 | 7.39221 | 7.49777 | 7.57687 | 7.68243 |
| Fibonacci | 7.20313 | 7.27367 | 7.31725 | 7.38779 | 7.45833 | 7.50191 | 7.57245 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
| RSI (14): | 50.65 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | 1.50760 | |
| AROON (14): | -14.28571 | |
| DEMA (21): | 7.28247 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.29656 | |
| Elder Ray (13): | -0.00055 | |
| Super Trend (3,10): | 7.26383 | |
| Zig ZAG (10): | 7.28370 | |
| VORTEX (21): | 1.0670 | |
| Stochastique (14,3,5): | 62.65 | |
| TEMA (21): | 7.28142 | |
| Williams %R (14): | -23.94 | |
| Chande Momentum Oscillator (20): | 0.01035 | |
| Repulse (5,40,3): | -0.0122 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0019 | |
| Courbe Coppock: | 0.08 |
| MA7: | 7.28094 | |
| MA20: | 7.36227 | |
| MA50: | 7.35925 | |
| MA100: | 7.19043 | |
| MAexp7: | 7.28303 | |
| MAexp20: | 7.28280 | |
| MAexp50: | 7.28166 | |
| MAexp100: | 7.28360 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | -1.12% | |
| Price / MA50: | -1.08% | |
| Price / MA100: | +1.24% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.06% |
About author
Online
Add a comment
Comments
0 comments on the analysis EUR/CNH - 1H