MAKER - MKR/USD - 1H - Technical analysis published on 08/27/2023 (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:
Bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 1,016.16 USD
My targets
1,070.10 USD (+2.79%)
1,099.68 USD (+5.63%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on MAKER - MKR/USD. This is a positive signal for buyers. As long as the price remains above 1,016.16 USD, a purchase could be considered. The first bullish objective is located at 1,070.10 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,099.68 USD as an objective. Crossing it would then enable buyers to target 1,118.75 USD. In the event of a return below 1,016.16 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
5.4
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Additional analysis
Quotes
The MAKER - MKR/USD price is 1,041.08 USD. The price registered an increase of +0.10% on the session and was between 1,030.92 USD and 1,043.41 USD. This implies that the price is at +0.99% from its lowest and at -0.22% from its highest.1,030.92
1,043.41
1,041.08
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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
Technical
Technical analysis of this 1H chart of MAKER - MKR/USD indicates that the overall trend is bullish. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 946.40 | 997.86 | 1,016.16 | 1,041.08 | 1,070.10 | 1,099.68 | 1,118.75 |
| Change (%) | -9.09% | -4.15% | -2.39% | - | +2.79% | +5.63% | +7.46% |
| Change | -94.68 | -43.22 | -24.92 | - | +29.02 | +58.60 | +77.67 |
| Level | Major | Intermediate | Minor | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 971.62 | 988.30 | 1,014.19 | 1,030.87 | 1,056.76 | 1,073.44 | 1,099.33 |
| Camarilla | 1,028.37 | 1,032.28 | 1,036.18 | 1,040.08 | 1,043.98 | 1,047.89 | 1,051.79 |
| Woodie | 976.23 | 990.60 | 1,018.80 | 1,033.17 | 1,061.37 | 1,075.74 | 1,103.94 |
| Fibonacci | 988.30 | 1,004.56 | 1,014.61 | 1,030.87 | 1,047.13 | 1,057.18 | 1,073.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 847.22 | 917.63 | 978.86 | 1,049.27 | 1,110.50 | 1,180.91 | 1,242.14 |
| Camarilla | 1,003.88 | 1,015.95 | 1,028.01 | 1,040.08 | 1,052.15 | 1,064.21 | 1,076.28 |
| Woodie | 842.62 | 915.34 | 974.26 | 1,046.98 | 1,105.90 | 1,178.62 | 1,237.54 |
| Fibonacci | 917.63 | 967.92 | 998.99 | 1,049.27 | 1,099.56 | 1,130.63 | 1,180.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 450.12 | 648.58 | 937.12 | 1,135.58 | 1,424.12 | 1,622.58 | 1,911.12 |
| Camarilla | 1,091.73 | 1,136.37 | 1,181.01 | 1,225.65 | 1,270.29 | 1,314.93 | 1,359.58 |
| Woodie | 495.15 | 671.10 | 982.15 | 1,158.10 | 1,469.15 | 1,645.10 | 1,956.15 |
| Fibonacci | 648.58 | 834.62 | 949.55 | 1,135.58 | 1,321.62 | 1,436.55 | 1,622.58 |
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): | 56.18 | |
| MACD (12,26,9): | 3.3500 | |
| Directional Movement: | 6.42 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 1,038.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,044.77 | |
| Elder Ray (13): | 2.71 | |
| Super Trend (3,10): | 1,022.95 | |
| Zig ZAG (10): | 1,038.05 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 42.84 | |
| TEMA (21): | 1,040.12 | |
| Williams %R (14): | -42.91 | |
| Chande Momentum Oscillator (20): | 0.08 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 0.70 |
| MA7: | 1,046.69 | |
| MA20: | 1,135.16 | |
| MA50: | 1,112.39 | |
| MA100: | 908.64 | |
| MAexp7: | 1,036.49 | |
| MAexp20: | 1,034.04 | |
| MAexp50: | 1,031.26 | |
| MAexp100: | 1,039.22 | |
| Price / MA7: | -0.54% | |
| Price / MA20: | -8.29% | |
| Price / MA50: | -6.41% | |
| Price / MA100: | +14.58% | |
| Price / MAexp7: | +0.44% | |
| Price / MAexp20: | +0.68% | |
| Price / MAexp50: | +0.95% | |
| Price / MAexp100: | +0.18% |
Quotes :
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Real time data
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