EGOLD - EGLD/USD - 1H - Technical analysis published on 11/29/2022 (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:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 43.22 USD
My targets
41.37 USD (-2.27%)
40.62 USD (-4.04%)
My analysis
The bearish trend is currently very strong for ELROND - EGLD/USD. As long as the price remains below the resistance at 43.22 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 41.37 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 40.62 USD as an objective. Crossing it would then enable sellers to target 39.41 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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Additional analysis
Quotes
The ELROND - EGLD/USD price is 42.33 USD. The price is lower by -0.02% since the last closing and was between 41.93 USD and 43.02 USD. This implies that the price is at +0.95% from its lowest and at -1.60% from its highest.41.93
43.02
42.33
Here is a more detailed summary of the historical variations registered by ELROND - EGLD/USD:
Technical
Technical analysis of ELROND - EGLD/USD in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 40.62 | 41.37 | 42.18 | 42.33 | 43.22 | 43.63 | 44.53 |
| Change (%) | -4.04% | -2.27% | -0.35% | - | +2.10% | +3.07% | +5.20% |
| Change | -1.71 | -0.96 | -0.15 | - | +0.89 | +1.30 | +2.20 |
| Level | Minor | Major | Minor | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.61 | 40.49 | 41.42 | 42.30 | 43.23 | 44.11 | 45.04 |
| Camarilla | 41.84 | 42.01 | 42.17 | 42.34 | 42.51 | 42.67 | 42.84 |
| Woodie | 39.63 | 40.50 | 41.44 | 42.31 | 43.25 | 44.12 | 45.06 |
| Fibonacci | 40.49 | 41.19 | 41.61 | 42.30 | 43.00 | 43.42 | 44.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.98 | 37.70 | 40.67 | 42.39 | 45.36 | 47.08 | 50.05 |
| Camarilla | 42.36 | 42.79 | 43.22 | 43.65 | 44.08 | 44.51 | 44.94 |
| Woodie | 36.62 | 38.01 | 41.31 | 42.70 | 46.00 | 47.39 | 50.69 |
| Fibonacci | 37.70 | 39.49 | 40.60 | 42.39 | 44.18 | 45.29 | 47.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.26 | 46.35 | 52.31 | 56.40 | 62.36 | 66.45 | 72.41 |
| Camarilla | 55.52 | 56.44 | 57.36 | 58.28 | 59.20 | 60.12 | 61.04 |
| Woodie | 43.21 | 46.82 | 53.26 | 56.87 | 63.31 | 66.92 | 73.36 |
| Fibonacci | 46.35 | 50.19 | 52.56 | 56.40 | 60.24 | 62.61 | 66.45 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.61 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | -4.95 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 42.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 43.03 | |
| Elder Ray (13): | -0.22 | |
| Super Trend (3,10): | 41.92 | |
| Zig ZAG (10): | 42.16 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 11.31 | |
| TEMA (21): | 42.27 | |
| Williams %R (14): | -84.62 | |
| Chande Momentum Oscillator (20): | -0.57 | |
| Repulse (5,40,3): | -1.1800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.59 |
| MA7: | 42.60 | |
| MA20: | 43.02 | |
| MA50: | 50.79 | |
| MA100: | 50.95 | |
| MAexp7: | 42.23 | |
| MAexp20: | 42.37 | |
| MAexp50: | 42.53 | |
| MAexp100: | 42.61 | |
| Price / MA7: | -0.63% | |
| Price / MA20: | -1.60% | |
| Price / MA50: | -16.66% | |
| Price / MA100: | -16.92% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.47% | |
| Price / MAexp100: | -0.66% |
Quotes :
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Real time data
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