EURONEXT 100 - 1H - Technical analysis published on 04/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 838.45 EUR
My targets
825.62 EUR (-0.37%)
795.60 EUR (-3.99%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EURONEXT 100 as long as the price remains well below 838.45 EUR. The sellers” bearish objective is set at 825.62 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 795.60 EUR. In case of crossing, the next objective would be the support located at 740.54 EUR.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
3.9
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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
EURONEXT 100 rating 828.65 EUR. The price registered a decrease of -0.50% on the session with the lowest point at 823.78 EUR and the highest point at 831.61 EUR. The deviation from the price is +0.59% for the low point and -0.36% for the high point.823.78
831.61
828.65
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EURONEXT 100:
Technical
A technical analysis in 1H of this EURONEXT 100 chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 6 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 529.50 | 740.54 | 795.60 | 828.65 | 838.45 | 892.86 | 956.39 |
| Change (%) | -36.10% | -10.63% | -3.99% | - | +1.18% | +7.75% | +15.42% |
| Change | -299.15 | -88.11 | -33.05 | - | +9.80 | +64.21 | +127.74 |
| Level | Intermediate | Major | Major | - | Intermediate | Major | 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 | 799.02 | 808.48 | 820.66 | 830.12 | 842.30 | 851.76 | 863.94 |
| Camarilla | 826.89 | 828.87 | 830.86 | 832.84 | 834.82 | 836.81 | 838.79 |
| Woodie | 800.38 | 809.16 | 822.02 | 830.80 | 843.66 | 852.44 | 865.30 |
| Fibonacci | 808.48 | 816.75 | 821.85 | 830.12 | 838.39 | 843.49 | 851.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 638.96 | 695.26 | 769.32 | 825.62 | 899.68 | 955.98 | 1,030.04 |
| Camarilla | 807.54 | 819.49 | 831.44 | 843.39 | 855.34 | 867.29 | 879.24 |
| Woodie | 647.85 | 699.70 | 778.21 | 830.06 | 908.57 | 960.42 | 1,038.93 |
| Fibonacci | 695.26 | 745.05 | 775.82 | 825.62 | 875.41 | 906.18 | 955.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 341.52 | 526.00 | 692.05 | 876.53 | 1,042.58 | 1,227.06 | 1,393.11 |
| Camarilla | 761.71 | 793.85 | 825.98 | 858.11 | 890.24 | 922.37 | 954.51 |
| Woodie | 332.32 | 521.39 | 682.85 | 871.92 | 1,033.38 | 1,222.45 | 1,383.91 |
| Fibonacci | 526.00 | 659.90 | 742.62 | 876.53 | 1,010.43 | 1,093.15 | 1,227.06 |
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): | 44.96 | |
| MACD (12,26,9): | -2.7900 | |
| Directional Movement: | -10.70 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 830.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 852.20 | |
| Elder Ray (13): | -4.49 | |
| Super Trend (3,10): | 847.25 | |
| Zig ZAG (10): | 826.66 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 68.72 | |
| TEMA (21): | 827.71 | |
| Williams %R (14): | -53.51 | |
| Chande Momentum Oscillator (20): | -2.30 | |
| Repulse (5,40,3): | 0.3900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 0.42 |
| MA7: | 846.29 | |
| MA20: | 824.62 | |
| MA50: | 1,003.86 | |
| MA100: | 1,072.37 | |
| MAexp7: | 831.42 | |
| MAexp20: | 833.34 | |
| MAexp50: | 834.06 | |
| MAexp100: | 834.58 | |
| Price / MA7: | -2.08% | |
| Price / MA20: | +0.49% | |
| Price / MA50: | -17.45% | |
| Price / MA100: | -22.73% | |
| Price / MAexp7: | -0.33% | |
| Price / MAexp20: | -0.56% | |
| Price / MAexp50: | -0.65% | |
| Price / MAexp100: | -0.71% |
This member declared not having a position on this financial instrument or a related financial instrument.
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