TRUEFI - TRU/USD - 1H - Technical analysis published on 05/16/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 0.046101 USD
My targets
0.048482 USD (+2.72%)
0.049900 USD (+5.72%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on TRUEFI - TRU/USD. As long as you are above the support located at 0.046101 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.048482 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.049900 USD as an objective. Crossing it would then enable buyers to target 0.052500 USD. If the support 0.046101 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.3
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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 TRUEFI - TRU/USD price is 0.047200 USD. The price registered a decrease of -0.02% on the session with the lowest point at 0.046410 USD and the highest point at 0.047410 USD. The deviation from the price is +1.70% for the low point and -0.44% for the high point.0.046410
0.047410
0.047200
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this TRUEFI - TRU/USD chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact 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 | 0.043877 | 0.044800 | 0.046101 | 0.047200 | 0.047263 | 0.048482 | 0.049900 |
| Change (%) | -7.04% | -5.08% | -2.33% | - | +0.13% | +2.72% | +5.72% |
| Change | -0.003323 | -0.002400 | -0.001099 | - | +0.000063 | +0.001282 | +0.002700 |
| Level | Intermediate | Minor | Minor | - | Major | Intermediate | 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 | 0.042490 | 0.043950 | 0.045580 | 0.047040 | 0.048670 | 0.050130 | 0.051760 |
| Camarilla | 0.046360 | 0.046644 | 0.046927 | 0.047210 | 0.047493 | 0.047777 | 0.048060 |
| Woodie | 0.042575 | 0.043993 | 0.045665 | 0.047083 | 0.048755 | 0.050173 | 0.051845 |
| Fibonacci | 0.043950 | 0.045130 | 0.045860 | 0.047040 | 0.048220 | 0.048950 | 0.050130 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.026630 | 0.034140 | 0.039470 | 0.046980 | 0.052310 | 0.059820 | 0.065150 |
| Camarilla | 0.041269 | 0.042446 | 0.043623 | 0.044800 | 0.045977 | 0.047154 | 0.048331 |
| Woodie | 0.025540 | 0.033595 | 0.038380 | 0.046435 | 0.051220 | 0.059275 | 0.064060 |
| Fibonacci | 0.034140 | 0.039045 | 0.042075 | 0.046980 | 0.051885 | 0.054915 | 0.059820 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.026217 | 0.041313 | 0.051107 | 0.066203 | 0.075997 | 0.091093 | 0.100887 |
| Camarilla | 0.054055 | 0.056337 | 0.058618 | 0.060900 | 0.063182 | 0.065463 | 0.067745 |
| Woodie | 0.023565 | 0.039988 | 0.048455 | 0.064878 | 0.073345 | 0.089768 | 0.098235 |
| Fibonacci | 0.041313 | 0.050821 | 0.056695 | 0.066203 | 0.075711 | 0.081585 | 0.091093 |
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): | 50.96 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -6.191393 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.047587 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.047986 | |
| Elder Ray (13): | -0.000069 | |
| Super Trend (3,10): | 0.046525 | |
| Zig ZAG (10): | 0.047300 | |
| VORTEX (21): | 1.0120 | |
| Stochastique (14,3,5): | 34.45 | |
| TEMA (21): | 0.047296 | |
| Williams %R (14): | -57.42 | |
| Chande Momentum Oscillator (20): | -0.000420 | |
| Repulse (5,40,3): | 0.4048 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0826 | |
| Courbe Coppock: | 2.53 |
| MA7: | 0.046176 | |
| MA20: | 0.053582 | |
| MA50: | 0.064595 | |
| MA100: | 0.070551 | |
| MAexp7: | 0.047284 | |
| MAexp20: | 0.047347 | |
| MAexp50: | 0.046733 | |
| MAexp100: | 0.046350 | |
| Price / MA7: | +2.22% | |
| Price / MA20: | -11.91% | |
| Price / MA50: | -26.93% | |
| Price / MA100: | -33.10% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.31% | |
| Price / MAexp50: | +1.00% | |
| Price / MAexp100: | +1.83% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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