Londinia Opportunities Analyses - 06/24/2022 (GMT) EUR/RUB - Daily
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.
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:
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:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
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:
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
S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 54.9899 | 55.9660 | 57.4747 | 58.4508 | 59.9595 | 60.9356 | 62.4443 |
Camarilla | 58.3001 | 58.5279 | 58.7556 | 58.9834 | 59.2112 | 59.4390 | 59.6667 |
Woodie | 55.2562 | 56.0992 | 57.7410 | 58.5840 | 60.2258 | 61.0688 | 62.7106 |
Fibonacci | 55.9660 | 56.9152 | 57.5016 | 58.4508 | 59.4000 | 59.9864 | 60.9356 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 52.3491 | 55.4992 | 61.7916 | 64.9417 | 71.2341 | 74.3842 | 80.6766 |
Camarilla | 65.4873 | 66.3529 | 67.2184 | 68.0840 | 68.9496 | 69.8151 | 70.6807 |
Woodie | 53.9203 | 56.2848 | 63.3628 | 65.7273 | 72.8053 | 75.1698 | 82.2478 |
Fibonacci | 55.4992 | 59.1062 | 61.3347 | 64.9417 | 68.5487 | 70.7772 | 74.3842 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 36.8932 | 48.3817 | 58.3380 | 69.8265 | 79.7828 | 91.2713 | 101.2276 |
Camarilla | 62.3971 | 64.3629 | 66.3286 | 68.2944 | 70.2602 | 72.2260 | 74.1917 |
Woodie | 36.1272 | 47.9987 | 57.5720 | 69.4435 | 79.0168 | 90.8883 | 100.4616 |
Fibonacci | 48.3817 | 56.5736 | 61.6346 | 69.8265 | 78.0184 | 83.0794 | 91.2713 |
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 :
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Real time data
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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: