KOMODO - KMD/USD - Daily - Technical analysis published on 03/06/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 1.39 USD
My targets
1.72 USD (+15.44%)
1.83 USD (+22.62%)
My analysis
The bullish trend is currently very strong on KOMODO - KMD/USD. As long as the price remains above the support at 1.39 USD, you could try to benefit from the boom. The first bullish objective is located at 1.72 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.83 USD as an objective. Crossing it would then enable buyers to target 2.23 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The KOMODO - KMD/USD price is 1.49 USD. On the day, this instrument gained +7.97% and was between 1.37 USD and 1.56 USD. This implies that the price is at +8.76% from its lowest and at -4.49% from its highest.1.37
1.56
1.49
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of KOMODO - KMD/USD indicates that the overall trend is strongly bullish. 92.86% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.97 | 1.24 | 1.39 | 1.49 | 1.72 | 2.23 |
| Change (%) | -34.90% | -16.78% | -6.71% | - | +15.44% | +49.66% |
| Change | -0.52 | -0.25 | -0.10 | - | +0.23 | +0.74 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major |
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 | 1.24 | 1.31 | 1.35 | 1.42 | 1.46 | 1.53 |
| Camarilla | 1.35 | 1.36 | 1.37 | 1.38 | 1.39 | 1.40 | 1.41 |
| Woodie | 1.22 | 1.25 | 1.33 | 1.36 | 1.44 | 1.47 | 1.55 |
| Fibonacci | 1.24 | 1.28 | 1.31 | 1.35 | 1.39 | 1.42 | 1.46 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.04 | 0.52 | 0.91 | 1.39 | 1.78 | 2.26 | 2.65 |
| Camarilla | 1.06 | 1.14 | 1.22 | 1.30 | 1.38 | 1.46 | 1.54 |
| Woodie | -0.01 | 0.50 | 0.87 | 1.37 | 1.74 | 2.24 | 2.61 |
| Fibonacci | 0.52 | 0.85 | 1.06 | 1.39 | 1.72 | 1.93 | 2.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.59 | 0.03 | 0.62 | 1.24 | 1.83 | 2.45 | 3.04 |
| Camarilla | 0.87 | 0.98 | 1.09 | 1.20 | 1.31 | 1.42 | 1.53 |
| Woodie | -0.62 | 0.02 | 0.60 | 1.23 | 1.81 | 2.44 | 3.02 |
| Fibonacci | 0.03 | 0.50 | 0.78 | 1.24 | 1.71 | 1.99 | 2.45 |
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): | 63.01 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 15.04 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 1.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.71 | |
| Elder Ray (13): | 0.13 | |
| Super Trend (3,10): | 1.01 | |
| Zig ZAG (10): | 1.49 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 47.13 | |
| TEMA (21): | 1.42 | |
| Williams %R (14): | -41.38 | |
| Chande Momentum Oscillator (20): | -0.05 | |
| Repulse (5,40,3): | 15.7400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.5500 | |
| Courbe Coppock: | 2.69 |
| MA7: | 1.34 | |
| MA20: | 1.35 | |
| MA50: | 1.00 | |
| MA100: | 0.78 | |
| MAexp7: | 1.38 | |
| MAexp20: | 1.29 | |
| MAexp50: | 1.08 | |
| MAexp100: | 0.89 | |
| Price / MA7: | +11.19% | |
| Price / MA20: | +10.37% | |
| Price / MA50: | +49.00% | |
| Price / MA100: | +91.03% | |
| Price / MAexp7: | +7.97% | |
| Price / MAexp20: | +15.50% | |
| Price / MAexp50: | +37.96% | |
| Price / MAexp100: | +67.42% |
Quotes :
2021-03-06 16:35:49
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Real time data
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