EURO BUND FULL0924 - 1H - Technical analysis published on 03/03/2022 (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
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
17%
61%
22%
My opinion
Bearish under 169.86 EUR
My targets
168.16 EUR (-0.34%)
166.89 EUR (-1.10%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for EURO BUND FULL0322 as long as the price remains well below 169.86 EUR. The next bearish objective for sellers is set at 168.16 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 166.89 EUR. In case of crossing, the next objective would be the support located at 165.88 EUR. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 168.16 EUR. With this support, against the trend traders who want to buy EURO BUND FULL0322 on a buy signal from their trading strategy should not hesitate to act.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
2.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EURO BUND FULL0322 rating is 168.74 EUR. On the day, this instrument lost -0.38% with the lowest point at 168.67 EUR and the highest point at 169.75 EUR. The deviation from the price is +0.04% for the low point and -0.59% for the high point.168.67
169.75
168.74
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 (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EURO BUND FULL0322 chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
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 | 165.88 | 166.89 | 168.16 | 168.74 | 169.86 | 171.12 | 171.74 |
| Change (%) | -1.69% | -1.10% | -0.34% | - | +0.66% | +1.41% | +1.78% |
| Change | -2.86 | -1.85 | -0.58 | - | +1.12 | +2.38 | +3.00 |
| Level | Intermediate | Intermediate | Major | - | Major | 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 | 166.80 | 167.91 | 168.64 | 169.75 | 170.48 | 171.59 | 172.32 |
| Camarilla | 168.87 | 169.04 | 169.21 | 169.38 | 169.55 | 169.72 | 169.89 |
| Woodie | 166.62 | 167.82 | 168.46 | 169.66 | 170.30 | 171.50 | 172.14 |
| Fibonacci | 167.91 | 168.61 | 169.04 | 169.75 | 170.45 | 170.88 | 171.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 162.02 | 163.59 | 164.87 | 166.44 | 167.72 | 169.29 | 170.57 |
| Camarilla | 165.37 | 165.63 | 165.89 | 166.15 | 166.41 | 166.67 | 166.93 |
| Woodie | 161.88 | 163.52 | 164.73 | 166.37 | 167.58 | 169.22 | 170.43 |
| Fibonacci | 163.59 | 164.68 | 165.35 | 166.44 | 167.53 | 168.20 | 169.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 159.21 | 161.77 | 164.41 | 166.97 | 169.61 | 172.17 | 174.81 |
| Camarilla | 165.61 | 166.09 | 166.56 | 167.04 | 167.52 | 167.99 | 168.47 |
| Woodie | 159.24 | 161.79 | 164.44 | 166.99 | 169.64 | 172.19 | 174.84 |
| Fibonacci | 161.77 | 163.76 | 164.99 | 166.97 | 168.96 | 170.19 | 172.17 |
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): | 37.69 | |
| MACD (12,26,9): | -0.1900 | |
| Directional Movement: | -11.23 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 169.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 169.61 | |
| Elder Ray (13): | -0.39 | |
| Super Trend (3,10): | 169.72 | |
| Zig ZAG (10): | 168.81 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 17.59 | |
| TEMA (21): | 168.79 | |
| Williams %R (14): | -85.19 | |
| Chande Momentum Oscillator (20): | -0.67 | |
| Repulse (5,40,3): | -0.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.41 |
| MA7: | 167.79 | |
| MA20: | 166.44 | |
| MA50: | 168.76 | |
| MA100: | 170.72 | |
| MAexp7: | 168.99 | |
| MAexp20: | 169.28 | |
| MAexp50: | 169.17 | |
| MAexp100: | 168.50 | |
| Price / MA7: | +0.57% | |
| Price / MA20: | +1.38% | |
| Price / MA50: | -0.01% | |
| Price / MA100: | -1.16% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.32% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | +0.14% |
Quotes :
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15 min delayed data
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EUREX Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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