EUR/CNH - 1H - Technical analysis published on 09/25/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Additional analysis
Quotes
EUR/CNH rating 7.82690 CNH. The price registered a decrease of -0.09% on the session and was traded between 7.82409 CNH and 7.87524 CNH over the period. The price is currently at +0.04% from its lowest and -0.61% from its highest.The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/CNH chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 7.74382 | 7.78379 | 7.81329 | 7.82690 | 7.82909 | 7.83742 | 7.84665 |
Change (%) | -1.06% | -0.55% | -0.17% | - | +0.03% | +0.13% | +0.25% |
Change | -0.08308 | -0.04311 | -0.01361 | - | +0.00219 | +0.01052 | +0.01975 |
Level | Minor | Intermediate | Major | - | Minor | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 7.77885 | 7.79659 | 7.81536 | 7.83310 | 7.85187 | 7.86961 | 7.88838 |
Camarilla | 7.82409 | 7.82744 | 7.83078 | 7.83413 | 7.83748 | 7.84082 | 7.84417 |
Woodie | 7.77937 | 7.79685 | 7.81588 | 7.83336 | 7.85239 | 7.86987 | 7.88890 |
Fibonacci | 7.79659 | 7.81054 | 7.81915 | 7.83310 | 7.84705 | 7.85566 | 7.86961 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 7.78326 | 7.81909 | 7.84011 | 7.87594 | 7.89696 | 7.93279 | 7.95381 |
Camarilla | 7.84550 | 7.85071 | 7.85592 | 7.86113 | 7.86634 | 7.87155 | 7.87676 |
Woodie | 7.77586 | 7.81539 | 7.83271 | 7.87224 | 7.88956 | 7.92909 | 7.94641 |
Fibonacci | 7.81909 | 7.84081 | 7.85422 | 7.87594 | 7.89766 | 7.91107 | 7.93279 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 7.51762 | 7.63593 | 7.73393 | 7.85224 | 7.95024 | 8.06855 | 8.16655 |
Camarilla | 7.77246 | 7.79228 | 7.81211 | 7.83194 | 7.85177 | 7.87160 | 7.89143 |
Woodie | 7.50748 | 7.63085 | 7.72379 | 7.84716 | 7.94010 | 8.06347 | 8.15641 |
Fibonacci | 7.63593 | 7.71856 | 7.76961 | 7.85224 | 7.93487 | 7.98592 | 8.06855 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
RSI (14): | 35.54 | |
MACD (12,26,9): | -0.0021 | |
Directional Movement: | -11.16189 | |
AROON (14): | -28.57143 | |
DEMA (21): | 7.84256 | |
Parabolic SAR (0,02-0,02-0,2): | 7.86381 | |
Elder Ray (13): | -0.01292 | |
Super Trend (3,10): | 7.85694 | |
Zig ZAG (10): | 7.82688 | |
VORTEX (21): | 0.9567 | |
Stochastique (14,3,5): | 9.87 | |
TEMA (21): | 7.83931 | |
Williams %R (14): | -95.70 | |
Chande Momentum Oscillator (20): | -0.02830 | |
Repulse (5,40,3): | -0.1734 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0047 | |
Courbe Coppock: | 0.24 |
MA7: | 7.86429 | |
MA20: | 7.86508 | |
MA50: | 7.87659 | |
MA100: | 7.86593 | |
MAexp7: | 7.83695 | |
MAexp20: | 7.84357 | |
MAexp50: | 7.84524 | |
MAexp100: | 7.85205 | |
Price / MA7: | -0.48% | |
Price / MA20: | -0.49% | |
Price / MA50: | -0.63% | |
Price / MA100: | -0.50% | |
Price / MAexp7: | -0.13% | |
Price / MAexp20: | -0.21% | |
Price / MAexp50: | -0.23% | |
Price / MAexp100: | -0.32% |
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