MAKER - MKR/USD - 1H - Technical analysis published on 09/09/2020 (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
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
94%
0%
6%
My opinion
Bullish above 506.36 USD
My targets
539.32 USD (+3.28%)
549.94 USD (+5.31%)
My analysis
The strong short-term increase in MAKER - MKR/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 506.36 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 539.32 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 549.94 USD as an objective. Crossing it would then enable buyers to target 601.97 USD. Caution, a return under 506.36 USD could jeopardize the reversal.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.8
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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 MAKER - MKR/USD price is 522.21 USD. On the day, this instrument gained +2.84% and was traded between 500.90 USD and 522.21 USD over the period. The price is currently at +4.25% from its lowest and 0% from its highest.500.90
522.21
522.21
Here is a more detailed summary of the historical variations registered by MAKER - MKR/USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this MAKER - MKR/USD chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
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
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 363.38 | 414.37 | 506.36 | 522.21 | 549.94 | 601.97 | 667.69 |
| Change (%) | -30.41% | -20.65% | -3.04% | - | +5.31% | +15.27% | +27.86% |
| Change | -158.83 | -107.84 | -15.85 | - | +27.73 | +79.76 | +145.48 |
| Level | Minor | Major | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 466.18 | 483.54 | 495.65 | 513.01 | 525.12 | 542.48 | 554.59 |
| Camarilla | 499.67 | 502.37 | 505.07 | 507.77 | 510.47 | 513.17 | 515.87 |
| Woodie | 463.57 | 482.23 | 493.04 | 511.70 | 522.51 | 541.17 | 551.98 |
| Fibonacci | 483.54 | 494.79 | 501.75 | 513.01 | 524.26 | 531.22 | 542.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 185.85 | 343.45 | 428.51 | 586.11 | 671.17 | 828.77 | 913.83 |
| Camarilla | 446.84 | 469.08 | 491.33 | 513.57 | 535.81 | 558.06 | 580.30 |
| Woodie | 149.58 | 325.32 | 392.24 | 567.98 | 634.90 | 810.64 | 877.56 |
| Fibonacci | 343.45 | 436.15 | 493.41 | 586.11 | 678.81 | 736.07 | 828.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 239.80 | 396.29 | 539.32 | 695.81 | 838.84 | 995.33 | 1,138.36 |
| Camarilla | 599.99 | 627.45 | 654.90 | 682.36 | 709.82 | 737.27 | 764.73 |
| Woodie | 233.08 | 392.93 | 532.60 | 692.45 | 832.12 | 991.97 | 1,131.64 |
| Fibonacci | 396.29 | 510.70 | 581.39 | 695.81 | 810.22 | 880.91 | 995.33 |
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): | 65.33 | |
| MACD (12,26,9): | 1.3900 | |
| Directional Movement: | 20.41 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 512.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 504.13 | |
| Elder Ray (13): | 6.86 | |
| Super Trend (3,10): | 506.15 | |
| Zig ZAG (10): | 517.45 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 89.92 | |
| TEMA (21): | 516.14 | |
| Williams %R (14): | -12.89 | |
| Chande Momentum Oscillator (20): | 14.32 | |
| Repulse (5,40,3): | 0.5100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 3.56 |
| MA7: | 538.21 | |
| MA20: | 611.66 | |
| MA50: | 606.35 | |
| MA100: | 548.19 | |
| MAexp7: | 516.40 | |
| MAexp20: | 512.44 | |
| MAexp50: | 515.17 | |
| MAexp100: | 529.65 | |
| Price / MA7: | -2.97% | |
| Price / MA20: | -14.62% | |
| Price / MA50: | -13.88% | |
| Price / MA100: | -4.74% | |
| Price / MAexp7: | +1.13% | |
| Price / MAexp20: | +1.91% | |
| Price / MAexp50: | +1.37% | |
| Price / MAexp100: | -1.40% |
Quotes :
2020-09-09 16:55:21
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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.
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