Londinia Opportunities Analyses - 06/24/2022 (GMT) EUR/RUB - Daily

Type: Forex
Ticker: EURRUB
ISIN:

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
  • FX/Indices
  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 59.5689 RUB
My targets
58.3380 RUB (-0.7183)
55.4992 RUB (-3.5571)
My analysis
EUR/RUB is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 59.5689 RUB. The next support located at 58.3380 RUB is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 55.4992 RUB. Below this support, sellers could then target 50.8365 RUB. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8

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Additional analysis

Quotes

The EUR/RUB price is 59.0563 RUB. The price has increased by +0.12% since the last closing and was between 58.9946 RUB and 59.0563 RUB. This implies that the price is at +0.10% from its lowest and at 0% from its highest.

58.9946
59.0563
59.0563

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

New LOW record (5 years)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this Journalier chart of EUR/RUB indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 39.4840 50.8365 59.0563 59.5689 67.7751 77.7865
Change (%) -33.14% -13.92% - +0.87% +14.76% +31.72%
Change -19.5723 -8.2198 - +0.5126 +8.7188 +18.7302
Level Minor Minor - Major Major Major



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
Standard54.989955.966057.474758.450859.959560.935662.4443
Camarilla58.300158.527958.755658.983459.211259.439059.6667
Woodie55.256256.099257.741058.584060.225861.068862.7106
Fibonacci55.966056.915257.501658.450859.400059.986460.9356


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard52.349155.499261.791664.941771.234174.384280.6766
Camarilla65.487366.352967.218468.084068.949669.815170.6807
Woodie53.920356.284863.362865.727372.805375.169882.2478
Fibonacci55.499259.106261.334764.941768.548770.777274.3842


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard36.893248.381758.338069.826579.782891.2713101.2276
Camarilla62.397164.362966.328668.294470.260272.226074.1917
Woodie36.127247.998757.572069.443579.016890.8883100.4616
Fibonacci48.381756.573661.634669.826578.018483.079491.2713

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): 38.37
MACD (12,26,9): -3.6778
Directional Movement: -2.5731
AROON (14): -78.5714
DEMA (21): 59.2546
Parabolic SAR (0,02-0,02-0,2): 65.2767
Elder Ray (13): -3.4058
Super Trend (3,10): 74.4609
Zig ZAG (10): 59.0563
VORTEX (21): 0.8809
Stochastique (14,3,5): 24.28
TEMA (21): 59.7441
Williams %R (14): -76.04
Chande Momentum Oscillator (20): -8.0055
Repulse (5,40,3): 4.8333
ROCnROLL: 2
TRIX (15,9): -0.6877
Courbe Coppock: 23.64
MA7: 61.2380
MA20: 64.9375
MA50: 71.5044
MA100: 87.8185
MAexp7: 60.6917
MAexp20: 64.2378
MAexp50: 72.2103
MAexp100: 79.7929
Price / MA7: -3.56%
Price / MA20: -9.06%
Price / MA50: -17.41%
Price / MA100: -32.75%
Price / MAexp7: -2.69%
Price / MAexp20: -8.07%
Price / MAexp50: -18.22%
Price / MAexp100: -25.99%

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: