Londinia Opportunities Analyses - 10/09/2024 (GMT) EURO FX FULL0325 - 1H
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USD
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10 min delayed data - CME Globex Futures
| Type: | Futures |
| Ticker: | EURUSDXXXX |
| ISIN: | EURUSDXXXX |
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 1.10040 USD
My targets
1.09039 USD (-0.67%)
1.08454 USD (-1.21%)
My analysis
EURO FX FULL1224 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 1.10040 USD. The next support located at 1.09039 USD 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 1.08454 USD. Below this support, sellers could then target 1.07626 USD. 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.
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
8.2
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Additional analysis
Quotes
The EURO FX FULL1224 price is 1.09780 USD. The price registered a decrease of -0.24% on the session with the lowest point at 1.09710 USD and the highest point at 1.10125 USD. The deviation from the price is +0.06% for the low point and -0.31% for the high point.1.09710
1.10125
1.09780
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
A study of price movements over other periods shows the following variations:
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
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EURO FX FULL1224 chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
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 under support 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.07626 | 1.08454 | 1.09039 | 1.09780 | 1.09791 | 1.10040 | 1.10820 |
| Change (%) | -1.96% | -1.21% | -0.67% | - | +0.01% | +0.24% | +0.95% |
| Change | -0.02154 | -0.01326 | -0.00741 | - | +0.00011 | +0.00260 | +0.01040 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | Major |
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 | 1.09507 | 1.09713 | 1.09877 | 1.10083 | 1.10247 | 1.10453 | 1.10617 |
| Camarilla | 1.09938 | 1.09972 | 1.10006 | 1.10040 | 1.10074 | 1.10108 | 1.10142 |
| Woodie | 1.09485 | 1.09703 | 1.09855 | 1.10073 | 1.10225 | 1.10443 | 1.10595 |
| Fibonacci | 1.09713 | 1.09855 | 1.09942 | 1.10083 | 1.10225 | 1.10312 | 1.10453 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.06520 | 1.08175 | 1.09110 | 1.10765 | 1.11700 | 1.13355 | 1.14290 |
| Camarilla | 1.09333 | 1.09570 | 1.09808 | 1.10045 | 1.10282 | 1.10520 | 1.10757 |
| Woodie | 1.06160 | 1.07995 | 1.08750 | 1.10585 | 1.11340 | 1.13175 | 1.13930 |
| Fibonacci | 1.08175 | 1.09164 | 1.09776 | 1.10765 | 1.11754 | 1.12366 | 1.13355 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.08142 | 1.09301 | 1.10176 | 1.11335 | 1.12210 | 1.13369 | 1.14244 |
| Camarilla | 1.10491 | 1.10677 | 1.10864 | 1.11050 | 1.11237 | 1.11423 | 1.11609 |
| Woodie | 1.07999 | 1.09230 | 1.10033 | 1.11264 | 1.12067 | 1.13298 | 1.14101 |
| Fibonacci | 1.09301 | 1.10078 | 1.10558 | 1.11335 | 1.12112 | 1.12592 | 1.13369 |
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): | 34.74 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -18.85942 | |
| AROON (14): | -64.28572 | |
| DEMA (21): | 1.09837 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.09993 | |
| Elder Ray (13): | -0.00094 | |
| Super Trend (3,10): | 1.10094 | |
| Zig ZAG (10): | 1.09780 | |
| VORTEX (21): | 0.8674 | |
| Stochastique (14,3,5): | 24.34 | |
| TEMA (21): | 1.09802 | |
| Williams %R (14): | -77.78 | |
| Chande Momentum Oscillator (20): | -0.00140 | |
| Repulse (5,40,3): | -0.0430 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0075 | |
| Courbe Coppock: | 0.36 |
| MA7: | 1.10319 | |
| MA20: | 1.11230 | |
| MA50: | 1.11018 | |
| MA100: | 1.09976 | |
| MAexp7: | 1.09844 | |
| MAexp20: | 1.09926 | |
| MAexp50: | 1.10036 | |
| MAexp100: | 1.10248 | |
| Price / MA7: | -0.49% | |
| Price / MA20: | -1.30% | |
| Price / MA50: | -1.12% | |
| Price / MA100: | -0.18% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | -0.42% |
Quotes :
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10 min delayed data
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Futures CME Globex