EUR/ILS - 1H - Technical analysis published on 07/03/2023 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 4.02729 ILS
My targets
4.06010 ILS (+0.01430)
4.10293 ILS (+0.05713)
My analysis
The bullish trend is currently very strong on EUR/ILS. As long as the price remains above the support at 4.02729 ILS, you could try to benefit from the boom. The first bullish objective is located at 4.06010 ILS. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.10293 ILS as an objective. Crossing it would then enable buyers to target 4.21065 ILS. 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, 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
7.5
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Additional analysis
Quotes
The EUR/ILS price is 4.04580 ILS. The price has increased by +0.00% since the last closing and was between 4.03378 ILS and 4.05256 ILS. This implies that the price is at +0.30% from its lowest and at -0.17% from its highest.4.03378
4.05256
4.04580
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/ILS in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong 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 : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.97091 | 4.00369 | 4.02729 | 4.04580 | 4.04641 | 4.06010 | 4.10293 |
| Change (%) | -1.85% | -1.04% | -0.46% | - | +0.02% | +0.35% | +1.41% |
| Change | -0.07489 | -0.04211 | -0.01851 | - | +0.00061 | +0.01430 | +0.05713 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.96628 | 3.98788 | 4.01691 | 4.03851 | 4.06754 | 4.08914 | 4.11817 |
| Camarilla | 4.03203 | 4.03667 | 4.04131 | 4.04595 | 4.05059 | 4.05523 | 4.05987 |
| Woodie | 3.97001 | 3.98974 | 4.02064 | 4.04037 | 4.07127 | 4.09100 | 4.12190 |
| Fibonacci | 3.98788 | 4.00722 | 4.01917 | 4.03851 | 4.05785 | 4.06980 | 4.08914 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.83448 | 3.88244 | 3.96419 | 4.01215 | 4.09390 | 4.14186 | 4.22361 |
| Camarilla | 4.01028 | 4.02217 | 4.03406 | 4.04595 | 4.05784 | 4.06973 | 4.08162 |
| Woodie | 3.85139 | 3.89089 | 3.98110 | 4.02060 | 4.11081 | 4.15031 | 4.24052 |
| Fibonacci | 3.88244 | 3.93199 | 3.96260 | 4.01215 | 4.06170 | 4.09231 | 4.14186 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.67677 | 3.75626 | 3.90111 | 3.98060 | 4.12545 | 4.20494 | 4.34979 |
| Camarilla | 3.98426 | 4.00482 | 4.02539 | 4.04595 | 4.06652 | 4.08708 | 4.10764 |
| Woodie | 3.70944 | 3.77260 | 3.93378 | 3.99694 | 4.15812 | 4.22128 | 4.38246 |
| Fibonacci | 3.75626 | 3.84196 | 3.89491 | 3.98060 | 4.06630 | 4.11925 | 4.20494 |
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): | 58.77 | |
| MACD (12,26,9): | 0.0035 | |
| Directional Movement: | 12.32128 | |
| AROON (14): | -50.00000 | |
| DEMA (21): | 4.04461 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.05663 | |
| Elder Ray (13): | 0.00507 | |
| Super Trend (3,10): | 4.02526 | |
| Zig ZAG (10): | 4.04613 | |
| VORTEX (21): | 1.1764 | |
| Stochastique (14,3,5): | 39.40 | |
| TEMA (21): | 4.04314 | |
| Williams %R (14): | -45.36 | |
| Chande Momentum Oscillator (20): | -0.00585 | |
| Repulse (5,40,3): | 0.1317 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0169 | |
| Courbe Coppock: | 0.22 |
| MA7: | 4.00554 | |
| MA20: | 3.94590 | |
| MA50: | 3.97286 | |
| MA100: | 3.93632 | |
| MAexp7: | 4.04164 | |
| MAexp20: | 4.03928 | |
| MAexp50: | 4.02993 | |
| MAexp100: | 4.01426 | |
| Price / MA7: | +1.01% | |
| Price / MA20: | +2.53% | |
| Price / MA50: | +1.84% | |
| Price / MA100: | +2.78% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.39% | |
| Price / MAexp100: | +0.79% |
Quotes :
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Real time data
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Forex
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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