EURO BUND FULL1224 - Daily - Technical analysis published on 05/20/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
22%
50%
My opinion
Bearish under 131.71 EUR
My targets
129.72 EUR (-0.74%)
128.62 EUR (-1.58%)
My analysis
EURO BUND FULL0624 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 131.71 EUR. The next support located at 129.72 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 128.62 EUR. Below this support, sellers could then target 127.29 EUR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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This analysis was given by Barts_XV. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EURO BUND FULL0624 price is 130.69 EUR. On the day, this instrument lost -0.10% and was traded between 130.67 EUR and 130.78 EUR over the period. The price is currently at +0.02% from its lowest and -0.07% from its highest.130.67
130.78
130.69
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of EURO BUND FULL0624 indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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 | 127.29 | 128.62 | 129.72 | 130.69 | 131.71 | 133.35 | 135.54 |
| Change (%) | -2.60% | -1.58% | -0.74% | - | +0.78% | +2.04% | +3.71% |
| Change | -3.40 | -2.07 | -0.97 | - | +1.02 | +2.66 | +4.85 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 129.70 | 130.17 | 130.50 | 130.97 | 131.30 | 131.77 | 132.10 |
| Camarilla | 130.60 | 130.67 | 130.75 | 130.82 | 130.89 | 130.97 | 131.04 |
| Woodie | 129.62 | 130.14 | 130.42 | 130.94 | 131.22 | 131.74 | 132.02 |
| Fibonacci | 130.17 | 130.48 | 130.67 | 130.97 | 131.28 | 131.47 | 131.77 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 128.13 | 129.19 | 130.00 | 131.06 | 131.87 | 132.93 | 133.74 |
| Camarilla | 130.31 | 130.48 | 130.65 | 130.82 | 130.99 | 131.16 | 131.33 |
| Woodie | 128.02 | 129.13 | 129.89 | 131.00 | 131.76 | 132.87 | 133.63 |
| Fibonacci | 129.19 | 129.90 | 130.34 | 131.06 | 131.77 | 132.21 | 132.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 125.04 | 127.29 | 128.61 | 130.86 | 132.18 | 134.43 | 135.75 |
| Camarilla | 128.96 | 129.29 | 129.61 | 129.94 | 130.27 | 130.60 | 130.92 |
| Woodie | 124.59 | 127.06 | 128.16 | 130.63 | 131.73 | 134.20 | 135.30 |
| Fibonacci | 127.29 | 128.65 | 129.49 | 130.86 | 132.22 | 133.06 | 134.43 |
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): | 45.05 | |
| MACD (12,26,9): | -0.1700 | |
| Directional Movement: | -2.30 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 130.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 130.39 | |
| Elder Ray (13): | -0.33 | |
| Super Trend (3,10): | 132.65 | |
| Zig ZAG (10): | 130.69 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 53.40 | |
| TEMA (21): | 130.99 | |
| Williams %R (14): | -62.28 | |
| Chande Momentum Oscillator (20): | 0.09 | |
| Repulse (5,40,3): | -0.2500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.83 |
| MA7: | 131.04 | |
| MA20: | 130.87 | |
| MA50: | 131.76 | |
| MA100: | 132.88 | |
| MAexp7: | 131.03 | |
| MAexp20: | 131.12 | |
| MAexp50: | 131.64 | |
| MAexp100: | 132.13 | |
| Price / MA7: | -0.27% | |
| Price / MA20: | -0.14% | |
| Price / MA50: | -0.81% | |
| Price / MA100: | -1.65% | |
| Price / MAexp7: | -0.26% | |
| Price / MAexp20: | -0.33% | |
| Price / MAexp50: | -0.72% | |
| Price / MAexp100: | -1.09% |
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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