Londinia Opportunities Analyses - 05/03/2024 (GMT) LONG-TERM EURO BTP FULL0624 - 1H
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EUR
(-)
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15 min delayed data - EUREX Futures
| Type: | Futures |
| Ticker: | BTPXXXX |
| ISIN: | FBTPXXXX |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 117.49 EUR
My targets
117.94 EUR (+0.25%)
118.46 EUR (+0.69%)
My analysis
The bullish trend is currently very strong on LONG-TERM EURO BTP FULL0624. As long as the price remains above the support at 117.49 EUR, you could try to benefit from the boom. The first bullish objective is located at 117.94 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 118.46 EUR as an objective. Crossing it would then enable buyers to target 118.74 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
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Additional analysis
Quotes
The LONG-TERM EURO BTP FULL0624 price is 117.65 EUR. On the day, this instrument gained +0.22% with the lowest point at 117.60 EUR and the highest point at 117.82 EUR. The deviation from the price is +0.04% for the low point and -0.14% for the high point.117.60
117.82
117.65
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LONG-TERM EURO BTP FULL0624:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of LONG-TERM EURO BTP FULL0624 in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 116.71 | 117.12 | 117.49 | 117.65 | 117.94 | 118.46 | 118.74 |
| Change (%) | -0.80% | -0.45% | -0.14% | - | +0.25% | +0.69% | +0.93% |
| Change | -0.94 | -0.53 | -0.16 | - | +0.29 | +0.81 | +1.09 |
| Level | Intermediate | Intermediate | Minor | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 116.41 | 116.78 | 117.08 | 117.45 | 117.75 | 118.12 | 118.42 |
| Camarilla | 117.21 | 117.27 | 117.33 | 117.39 | 117.45 | 117.51 | 117.57 |
| Woodie | 116.39 | 116.76 | 117.06 | 117.43 | 117.73 | 118.10 | 118.40 |
| Fibonacci | 116.78 | 117.03 | 117.19 | 117.45 | 117.70 | 117.86 | 118.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 113.69 | 114.73 | 115.88 | 116.92 | 118.07 | 119.11 | 120.26 |
| Camarilla | 116.44 | 116.64 | 116.84 | 117.04 | 117.24 | 117.44 | 117.64 |
| Woodie | 113.76 | 114.76 | 115.95 | 116.95 | 118.14 | 119.14 | 120.33 |
| Fibonacci | 114.73 | 115.56 | 116.08 | 116.92 | 117.75 | 118.27 | 119.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 112.13 | 113.94 | 115.47 | 117.28 | 118.81 | 120.62 | 122.15 |
| Camarilla | 116.07 | 116.38 | 116.68 | 116.99 | 117.30 | 117.60 | 117.91 |
| Woodie | 111.98 | 113.87 | 115.32 | 117.21 | 118.66 | 120.55 | 122.00 |
| Fibonacci | 113.94 | 115.22 | 116.01 | 117.28 | 118.56 | 119.35 | 120.62 |
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): | 59.01 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 8.13 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 117.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 117.17 | |
| Elder Ray (13): | 0.13 | |
| Super Trend (3,10): | 117.05 | |
| Zig ZAG (10): | 117.64 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 78.39 | |
| TEMA (21): | 117.62 | |
| Williams %R (14): | -26.47 | |
| Chande Momentum Oscillator (20): | 0.08 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.64 |
| MA7: | 117.07 | |
| MA20: | 117.42 | |
| MA50: | 118.13 | |
| MA100: | 118.31 | |
| MAexp7: | 117.58 | |
| MAexp20: | 117.47 | |
| MAexp50: | 117.32 | |
| MAexp100: | 117.28 | |
| Price / MA7: | +0.50% | |
| Price / MA20: | +0.20% | |
| Price / MA50: | -0.41% | |
| Price / MA100: | -0.56% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.32% |
Quotes :
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15 min delayed data
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Futures EUREX