EUR/RUB - 1H - Technical analysis published on 06/08/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : CANCELLED
EUR/RUB Chart
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 82.9432 RUB
My targets
83.2028 RUB (+0.1089)
85.6674 RUB (+2.5735)
My analysis
EUR/RUB is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 82.9432 RUB. The next resistance located at 83.2028 RUB is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 85.6674 RUB. After this resistance, buyers could then target 87.6409 RUB. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
6.3
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This analysis was given by Londinia.
Additional analysis
Quotes
The EUR/RUB rating is 83.0939 RUB. The price is lower by -0.08% since the last closing and was traded between 82.7307 RUB and 85.5015 RUB over the period. The price is currently at +0.44% from its lowest and -2.82% from its highest.82.7307
85.5015
83.0939
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this EUR/RUB chart shows a strongly bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 78.8837 | 81.8719 | 83.0710 | 83.0939 | 85.6674 | 87.6409 | 90.2647 |
| Change (%) | -5.07% | -1.47% | -0.03% | - | +3.10% | +5.47% | +8.63% |
| Change | -4.2102 | -1.2220 | -0.0229 | - | +2.5735 | +4.5470 | +7.1708 |
| Level | Major | Major | Major | - | Minor | Intermediate | Minor |
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 | 79.8921 | 80.5564 | 81.8582 | 82.5225 | 83.8243 | 84.4886 | 85.7904 |
| Camarilla | 82.6192 | 82.7995 | 82.9797 | 83.1599 | 83.3401 | 83.5204 | 83.7006 |
| Woodie | 80.2108 | 80.7158 | 82.1769 | 82.6819 | 84.1430 | 84.6480 | 86.1091 |
| Fibonacci | 80.5564 | 81.3075 | 81.7715 | 82.5225 | 83.2736 | 83.7376 | 84.4886 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.6165 | 75.0546 | 78.7647 | 83.2028 | 86.9129 | 91.3510 | 95.0611 |
| Camarilla | 80.2341 | 80.9810 | 81.7279 | 82.4748 | 83.2217 | 83.9686 | 84.7156 |
| Woodie | 70.2525 | 74.8726 | 78.4007 | 83.0208 | 86.5489 | 91.1690 | 94.6971 |
| Fibonacci | 75.0546 | 78.1672 | 80.0902 | 83.2028 | 86.3154 | 88.2384 | 91.3510 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.9528 | 70.5082 | 74.9480 | 78.5034 | 82.9432 | 86.4986 | 90.9384 |
| Camarilla | 77.1892 | 77.9221 | 78.6550 | 79.3879 | 80.1208 | 80.8537 | 81.5866 |
| Woodie | 67.3951 | 70.7293 | 75.3903 | 78.7245 | 83.3855 | 86.7197 | 91.3807 |
| Fibonacci | 70.5082 | 73.5623 | 75.4492 | 78.5034 | 81.5575 | 83.4444 | 86.4986 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.18 | |
| MACD (12,26,9): | 0.0617 | |
| Directional Movement: | 7.1665 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 83.0068 | |
| Parabolic SAR (0,02-0,02-0,2): | 82.0485 | |
| Elder Ray (13): | 0.1507 | |
| Super Trend (3,10): | 83.4991 | |
| Zig ZAG (10): | 83.0939 | |
| VORTEX (21): | 0.9668 | |
| Stochastique (14,3,5): | 39.58 | |
| TEMA (21): | 83.0841 | |
| Williams %R (14): | -56.24 | |
| Chande Momentum Oscillator (20): | 0.3372 | |
| Repulse (5,40,3): | -1.7006 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0085 | |
| Courbe Coppock: | 0.68 |
| MA7: | 82.8464 | |
| MA20: | 81.4184 | |
| MA50: | 79.3047 | |
| MA100: | 74.0306 | |
| MAexp7: | 83.0112 | |
| MAexp20: | 82.9400 | |
| MAexp50: | 82.8768 | |
| MAexp100: | 82.6083 | |
| Price / MA7: | +0.30% | |
| Price / MA20: | +2.06% | |
| Price / MA50: | +4.78% | |
| Price / MA100: | +12.24% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.59% |
Quotes :
-
Real time data
-
Forex
News
Don't forget to follow the news on EUR/RUB. At the time of publication of this analysis, the latest news was as follows:
EUR/RUBThis member declared not having a position on this financial instrument or a related financial instrument.
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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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