NUMERAIRE - NMR/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	NMRUSD
ISIN:

NUMERAIRE - NMR/USD - Daily - Technical analysis published on 03/20/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

50%

17%

33%

My opinion

Bullish above 16.79 USD

My targets

21.90 USD (+12.14%)

24.90 USD (+27.50%)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on NUMERAIRE - NMR/USD as long as the price remains well above 16.79 USD. The buyers' bullish objective is set at 21.90 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 24.90 USD. If there is any crossing, the next objective would be the resistance located at 38.04 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NUMERAIRE - NMR/USD price is 19.53 USD. The price registered a decrease of -0.15% on the session and was between 18.45 USD and 19.98 USD. This implies that the price is at +5.85% from its lowest and at -2.25% from its highest.

18.45

19.98

19.53

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of this Daily chart of NUMERAIRE - NMR/USD indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

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 resistance of triangle

Type : Bearish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish doji star

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.93	16.79	19.30	19.53	21.90	24.90	38.04
Change (%)	-28.67%	-14.03%	-1.18%	-	+12.14%	+27.50%	+94.78%
Change	-5.60	-2.74	-0.23	-	+2.37	+5.37	+18.51
Level	Minor	Intermediate	Intermediate	-	Minor	Intermediate	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	12.63	16.00	17.78	21.15	22.93	26.30	28.08
Camarilla	18.14	18.62	19.09	19.56	20.03	20.50	20.98
Woodie	11.84	15.60	16.99	20.75	22.14	25.90	27.29
Fibonacci	16.00	17.97	19.18	21.15	23.12	24.33	26.30

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.03	11.62	17.78	21.37	27.53	31.12	37.28
Camarilla	21.27	22.16	23.06	23.95	24.84	25.74	26.63
Woodie	9.33	12.26	19.08	22.01	28.83	31.76	38.58
Fibonacci	11.62	15.34	17.64	21.37	25.09	27.39	31.12

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.63	10.51	15.57	21.45	26.51	32.39	37.45
Camarilla	17.62	18.62	19.63	20.63	21.63	22.64	23.64
Woodie	4.22	10.31	15.16	21.25	26.10	32.19	37.04
Fibonacci	10.51	14.69	17.27	21.45	25.63	28.21	32.39

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):	49.61
MACD (12,26,9):	0.2100
Directional Movement:	14.29
AROON (14):	57.14
DEMA (21):	19.45
Parabolic SAR (0,02-0,02-0,2):	18.02
Elder Ray (13):	-0.30
Super Trend (3,10):	14.45
Zig ZAG (10):	19.16
VORTEX (21):	0.9800
Stochastique (14,3,5):	56.93
TEMA (21):	19.69
Williams %R (14):	-59.96
Chande Momentum Oscillator (20):	2.10
Repulse (5,40,3):	-16.0900
ROCnROLL:	-1
TRIX (15,9):	-0.1400
Courbe Coppock:	10.26

MA7:	20.16
MA20:	19.00
MA50:	19.56
MA100:	16.99
MAexp7:	19.98
MAexp20:	19.34
MAexp50:	18.82
MAexp100:	17.71
Price / MA7:	-3.13%
Price / MA20:	+2.79%
Price / MA50:	-0.15%
Price / MA100:	+14.95%
Price / MAexp7:	-2.25%
Price / MAexp20:	+0.98%
Price / MAexp50:	+3.77%
Price / MAexp100:	+10.28%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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