Londinia Opportunities Analyses - 11/20/2024 (GMT) EURO FX FULL1224 - 1H
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USD
(-)
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10 min delayed data - CME Globex Futures
| Type: | Futures |
| Ticker: | EURUSDXXXX |
| ISIN: | EURUSDXXXX |
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 1.05447 USD
My targets
1.06925 USD (+0.77%)
1.07285 USD (+1.11%)
My analysis
EURO FX FULL1224 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.05447 USD. The next resistance located at 1.06925 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.07285 USD. After this resistance, buyers could then target 1.08050 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.7
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Additional analysis
Quotes
EURO FX FULL1224 rating 1.06105 USD. On the day, this instrument gained +0.05% and was traded between 1.06065 USD and 1.06205 USD over the period. The price is currently at +0.04% from its lowest and -0.09% from its highest.1.06065
1.06205
1.06105
A study of price movements over other periods shows the following variations:
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
A technical analysis in 1H of this EURO FX FULL1224 chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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 bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.05085 | 1.05447 | 1.06067 | 1.06105 | 1.06925 | 1.07285 | 1.08050 |
| Change (%) | -0.96% | -0.62% | -0.04% | - | +0.77% | +1.11% | +1.83% |
| Change | -0.01020 | -0.00658 | -0.00038 | - | +0.00820 | +0.01180 | +0.01945 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Intermediate |
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 | 1.04785 | 1.05065 | 1.05565 | 1.05845 | 1.06345 | 1.06625 | 1.07125 |
| Camarilla | 1.05851 | 1.05922 | 1.05994 | 1.06065 | 1.06137 | 1.06208 | 1.06280 |
| Woodie | 1.04895 | 1.05120 | 1.05675 | 1.05900 | 1.06455 | 1.06680 | 1.07235 |
| Fibonacci | 1.05065 | 1.05363 | 1.05547 | 1.05845 | 1.06143 | 1.06327 | 1.06625 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.02232 | 1.03658 | 1.04577 | 1.06003 | 1.06922 | 1.08348 | 1.09267 |
| Camarilla | 1.04850 | 1.05065 | 1.05280 | 1.05495 | 1.05710 | 1.05925 | 1.06140 |
| Woodie | 1.01978 | 1.03531 | 1.04323 | 1.05876 | 1.06668 | 1.08221 | 1.09013 |
| Fibonacci | 1.03658 | 1.04554 | 1.05108 | 1.06003 | 1.06899 | 1.07453 | 1.08348 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.03928 | 1.05892 | 1.07233 | 1.09197 | 1.10538 | 1.12502 | 1.13843 |
| Camarilla | 1.07666 | 1.07969 | 1.08272 | 1.08575 | 1.08878 | 1.09181 | 1.09484 |
| Woodie | 1.03618 | 1.05736 | 1.06923 | 1.09041 | 1.10228 | 1.12346 | 1.13533 |
| Fibonacci | 1.05892 | 1.07154 | 1.07934 | 1.09197 | 1.10459 | 1.11239 | 1.12502 |
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): | 59.43 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 7.85389 | |
| AROON (14): | 92.85714 | |
| DEMA (21): | 1.06070 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.05647 | |
| Elder Ray (13): | 0.00102 | |
| Super Trend (3,10): | 1.05687 | |
| Zig ZAG (10): | 1.06120 | |
| VORTEX (21): | 1.0198 | |
| Stochastique (14,3,5): | 88.90 | |
| TEMA (21): | 1.06087 | |
| Williams %R (14): | -17.50 | |
| Chande Momentum Oscillator (20): | 0.00265 | |
| Repulse (5,40,3): | -0.0298 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0062 | |
| Courbe Coppock: | 0.45 |
| MA7: | 1.05906 | |
| MA20: | 1.07452 | |
| MA50: | 1.09242 | |
| MA100: | 1.09742 | |
| MAexp7: | 1.06067 | |
| MAexp20: | 1.05981 | |
| MAexp50: | 1.05890 | |
| MAexp100: | 1.05960 | |
| Price / MA7: | +0.19% | |
| Price / MA20: | -1.25% | |
| Price / MA50: | -2.87% | |
| Price / MA100: | -3.31% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +0.14% |
Quotes :
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10 min delayed data
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Futures CME Globex