ADVENTURE GOLD - AGLD/USD - 1H - Technical analysis published on 02/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.30 USD
My targets
1.35 USD (+3.05%)
1.47 USD (+11.98%)
My analysis
ADVENTURE GOLD - AGLD/USD 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 1.30 USD. The next resistance located at 1.35 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 1.47 USD. After this resistance, buyers could then target 1.56 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ADVENTURE GOLD - AGLD/USD rating is 1.31 USD. The price has increased by +3.97% since the last closing with the lowest point at 1.25 USD and the highest point at 1.33 USD. The deviation from the price is +4.80% for the low point and -1.50% for the high point.1.25
1.33
1.31
Here is a more detailed summary of the historical variations registered by ADVENTURE GOLD - AGLD/USD:
Technical
A technical analysis in 1H of this ADVENTURE GOLD - AGLD/USD chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.24 | 1.26 | 1.30 | 1.31 | 1.35 | 1.56 | 2.11 |
| Change (%) | -5.34% | -3.82% | -0.76% | - | +3.05% | +19.08% | +61.07% |
| Change | -0.07 | -0.05 | -0.01 | - | +0.04 | +0.25 | +0.80 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | 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 | 1.20 | 1.23 | 1.24 | 1.27 | 1.28 | 1.31 | 1.32 |
| Camarilla | 1.25 | 1.25 | 1.26 | 1.26 | 1.26 | 1.27 | 1.27 |
| Woodie | 1.20 | 1.23 | 1.24 | 1.27 | 1.28 | 1.31 | 1.32 |
| Fibonacci | 1.23 | 1.24 | 1.25 | 1.27 | 1.28 | 1.29 | 1.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.92 | 1.03 | 1.14 | 1.25 | 1.36 | 1.47 | 1.58 |
| Camarilla | 1.20 | 1.22 | 1.24 | 1.26 | 1.28 | 1.30 | 1.32 |
| Woodie | 0.93 | 1.03 | 1.15 | 1.25 | 1.37 | 1.47 | 1.59 |
| Fibonacci | 1.03 | 1.11 | 1.16 | 1.25 | 1.33 | 1.38 | 1.47 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.04 | 0.48 | 0.80 | 1.24 | 1.56 | 2.00 | 2.32 |
| Camarilla | 0.91 | 0.98 | 1.05 | 1.12 | 1.19 | 1.26 | 1.33 |
| Woodie | -0.02 | 0.45 | 0.74 | 1.21 | 1.50 | 1.97 | 2.26 |
| Fibonacci | 0.48 | 0.77 | 0.95 | 1.24 | 1.53 | 1.71 | 2.00 |
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): | 74.45 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 31.24 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 1.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.26 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 1.29 | |
| Zig ZAG (10): | 1.33 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 83.30 | |
| TEMA (21): | 1.29 | |
| Williams %R (14): | -15.52 | |
| Chande Momentum Oscillator (20): | 0.07 | |
| Repulse (5,40,3): | 2.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 3.92 |
| MA7: | 1.27 | |
| MA20: | 1.16 | |
| MA50: | 1.23 | |
| MA100: | 1.08 | |
| MAexp7: | 1.29 | |
| MAexp20: | 1.28 | |
| MAexp50: | 1.27 | |
| MAexp100: | 1.26 | |
| Price / MA7: | +3.15% | |
| Price / MA20: | +12.93% | |
| Price / MA50: | +6.50% | |
| Price / MA100: | +21.30% | |
| Price / MAexp7: | +1.55% | |
| Price / MAexp20: | +2.34% | |
| Price / MAexp50: | +3.15% | |
| Price / MAexp100: | +3.97% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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