RAI REFLEX INDEX - RAI/USD

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Type:	Cryptocurrencies
Ticker:	RAIUSD
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RAI REFLEX INDEX - RAI/USD - Daily - Technical analysis published on 09/11/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bearish

Technical indicators

39%

22%

39%

My opinion

Neutral between 2.71 USD and 2.78 USD

My targets

My analysis

The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 2.78 USD. The first support is located at 2.71 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by RAI REFLEX INDEX - RAI/USD.

Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia.

Additional analysis

Quotes

The RAI REFLEX INDEX - RAI/USD rating is 2.77 USD. On the day, this instrument gained +2.59% and was traded between 2.70 USD and 2.77 USD over the period. The price is currently at +2.59% from its lowest and 0% from its highest.

2.70

2.77

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of RAI REFLEX INDEX - RAI/USD indicates that the overall trend is slightly bearish. Only 50.00% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Daily

In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 7 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	2.67	2.71	2.74	2.77	2.81
Change (%)	-3.61%	-2.17%	-1.08%	-	+1.44%
Change	-0.10	-0.06	-0.03	-	+0.04
Level	Intermediate	Minor	Major	-	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	2.59	2.64	2.67	2.72	2.75	2.80	2.83
Camarilla	2.68	2.69	2.69	2.70	2.71	2.72	2.72
Woodie	2.58	2.64	2.66	2.72	2.74	2.80	2.82
Fibonacci	2.64	2.67	2.69	2.72	2.75	2.77	2.80

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.56	2.63	2.66	2.73	2.76	2.83	2.86
Camarilla	2.67	2.68	2.69	2.70	2.71	2.72	2.73
Woodie	2.55	2.62	2.65	2.72	2.75	2.82	2.85
Fibonacci	2.63	2.67	2.69	2.73	2.77	2.79	2.83

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.54	2.60	2.66	2.72	2.78	2.84	2.90
Camarilla	2.69	2.70	2.71	2.72	2.73	2.74	2.75
Woodie	2.54	2.60	2.66	2.72	2.78	2.84	2.90
Fibonacci	2.60	2.65	2.67	2.72	2.77	2.79	2.84

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):	49.49
MACD (12,26,9):	0.0000
Directional Movement:	-1.73
AROON (14):	50.00
DEMA (21):	2.72
Parabolic SAR (0,02-0,02-0,2):	2.69
Elder Ray (13):	0.02
Super Trend (3,10):	2.84
Zig ZAG (10):	2.72
VORTEX (21):	0.9800
Stochastique (14,3,5):	32.63
TEMA (21):	2.72
Williams %R (14):	-63.64
Chande Momentum Oscillator (20):	0.01
Repulse (5,40,3):	-2.7300
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	0.10

MA7:	2.73
MA20:	2.72
MA50:	2.73
MA100:	2.73
MAexp7:	2.72
MAexp20:	2.72
MAexp50:	2.73
MAexp100:	2.73
Price / MA7:	+1.47%
Price / MA20:	+1.84%
Price / MA50:	+1.47%
Price / MA100:	+1.47%
Price / MAexp7:	+1.84%
Price / MAexp20:	+1.84%
Price / MAexp50:	+1.47%
Price / MAexp100:	+1.47%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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