EUR/ILS - 1H - Technical analysis published on 09/12/2023 (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 bearish
Underlying:
Bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 4.10740 ILS
My targets
4.07170 ILS (-0.00730)
4.06471 ILS (-0.01429)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/ILS as long as the price remains well below 4.10740 ILS. The sellers' bearish objective is set at 4.07170 ILS. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.06471 ILS. In case of crossing, the next objective would be the support located at 4.05399 ILS.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/ILS rating 4.07900 ILS. On the day, this instrument lost -0.01% and was traded between 4.07681 ILS and 4.09051 ILS over the period. The price is currently at +0.05% from its lowest and -0.28% from its highest.4.07681
4.09051
4.07900
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/ILS chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is low given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.05399 | 4.06471 | 4.07170 | 4.07900 | 4.08033 | 4.10740 | 4.11834 |
| Change (%) | -0.61% | -0.35% | -0.18% | - | +0.03% | +0.70% | +0.96% |
| Change | -0.02501 | -0.01429 | -0.00730 | - | +0.00133 | +0.02840 | +0.03934 |
| Level | Major | Minor | Minor | - | Major | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.98639 | 4.02905 | 4.05414 | 4.09680 | 4.12189 | 4.16455 | 4.18964 |
| Camarilla | 4.06061 | 4.06682 | 4.07303 | 4.07924 | 4.08545 | 4.09166 | 4.09787 |
| Woodie | 3.97762 | 4.02466 | 4.04537 | 4.09241 | 4.11312 | 4.16016 | 4.18087 |
| Fibonacci | 4.02905 | 4.05493 | 4.07092 | 4.09680 | 4.12268 | 4.13867 | 4.16455 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.99638 | 4.02518 | 4.07394 | 4.10274 | 4.15150 | 4.18030 | 4.22906 |
| Camarilla | 4.10136 | 4.10847 | 4.11558 | 4.12269 | 4.12980 | 4.13691 | 4.14402 |
| Woodie | 4.00635 | 4.03017 | 4.08391 | 4.10773 | 4.16147 | 4.18529 | 4.23903 |
| Fibonacci | 4.02518 | 4.05481 | 4.07312 | 4.10274 | 4.13237 | 4.15068 | 4.18030 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.85969 | 3.92233 | 4.02225 | 4.08489 | 4.18481 | 4.24745 | 4.34737 |
| Camarilla | 4.07746 | 4.09236 | 4.10726 | 4.12216 | 4.13706 | 4.15196 | 4.16686 |
| Woodie | 3.87832 | 3.93165 | 4.04088 | 4.09421 | 4.20344 | 4.25677 | 4.36600 |
| Fibonacci | 3.92233 | 3.98443 | 4.02280 | 4.08489 | 4.14699 | 4.18536 | 4.24745 |
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): | 32.23 | |
| MACD (12,26,9): | -0.0111 | |
| Directional Movement: | -6.91592 | |
| AROON (14): | -50.00000 | |
| DEMA (21): | 4.07791 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.07170 | |
| Elder Ray (13): | -0.00169 | |
| Super Trend (3,10): | 4.10677 | |
| Zig ZAG (10): | 4.07808 | |
| VORTEX (21): | 0.8188 | |
| Stochastique (14,3,5): | 15.60 | |
| TEMA (21): | 4.07152 | |
| Williams %R (14): | -83.55 | |
| Chande Momentum Oscillator (20): | -0.01708 | |
| Repulse (5,40,3): | -0.1414 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0359 | |
| Courbe Coppock: | 1.79 |
| MA7: | 4.09229 | |
| MA20: | 4.10385 | |
| MA50: | 4.07405 | |
| MA100: | 4.02357 | |
| MAexp7: | 4.08072 | |
| MAexp20: | 4.09174 | |
| MAexp50: | 4.10355 | |
| MAexp100: | 4.10634 | |
| Price / MA7: | -0.32% | |
| Price / MA20: | -0.61% | |
| Price / MA50: | +0.12% | |
| Price / MA100: | +1.38% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.31% | |
| Price / MAexp50: | -0.60% | |
| Price / MAexp100: | -0.67% |
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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