NEM - XEM/USD - 1H - Technical analysis published on 04/06/2020 (GMT)
- Who voted?
- 210
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.038651 USD
My targets
0.040366 USD (+2.51%)
0.043334 USD (+10.05%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NEM - XEM/USD as long as the price remains well above 0.038651 USD. The buyers” bullish objective is set at 0.040366 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.043334 USD. If there is any crossing, the next objective would be the resistance located at 0.054443 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
0
10
9.1
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NEM - XEM/USD rating is 0.039377 USD. The price registered an increase of +6.77% on the session and was traded between 0.036604 USD and 0.039495 USD over the period. The price is currently at +7.58% from its lowest and -0.30% from its highest.0.036604
0.039495
0.039377
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 NEM - XEM/USD:
Technical
Technical analysis of this 1H chart of NEM - XEM/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.037052 | 0.037555 | 0.038651 | 0.039377 | 0.039410 | 0.040366 | 0.043334 |
| Change (%) | -5.90% | -4.63% | -1.84% | - | +0.08% | +2.51% | +10.05% |
| Change | -0.002325 | -0.001822 | -0.000726 | - | +0.000033 | +0.000989 | +0.003957 |
| Level | Minor | Intermediate | Major | - | Minor | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.035198 | 0.035909 | 0.036395 | 0.037106 | 0.037592 | 0.038303 | 0.038789 |
| Camarilla | 0.036551 | 0.036661 | 0.036770 | 0.036880 | 0.036990 | 0.037100 | 0.037209 |
| Woodie | 0.035085 | 0.035853 | 0.036282 | 0.037050 | 0.037479 | 0.038247 | 0.038676 |
| Fibonacci | 0.035909 | 0.036367 | 0.036649 | 0.037106 | 0.037564 | 0.037846 | 0.038303 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.031580 | 0.033189 | 0.035428 | 0.037037 | 0.039276 | 0.040885 | 0.043124 |
| Camarilla | 0.036608 | 0.036961 | 0.037313 | 0.037666 | 0.038019 | 0.038372 | 0.038724 |
| Woodie | 0.031894 | 0.033347 | 0.035742 | 0.037195 | 0.039590 | 0.041043 | 0.043438 |
| Fibonacci | 0.033189 | 0.034659 | 0.035567 | 0.037037 | 0.038507 | 0.039415 | 0.040885 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.005689 | 0.010365 | 0.023398 | 0.039452 | 0.052485 | 0.068539 | 0.081572 |
| Camarilla | 0.028431 | 0.031097 | 0.033764 | 0.036430 | 0.039096 | 0.041763 | 0.044429 |
| Woodie | -0.007201 | 0.009610 | 0.021887 | 0.038697 | 0.050974 | 0.067784 | 0.080061 |
| Fibonacci | 0.010365 | 0.021477 | 0.028341 | 0.039452 | 0.050564 | 0.057428 | 0.068539 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 76.45 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 27.721272 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.038355 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.037439 | |
| Elder Ray (13): | 0.001002 | |
| Super Trend (3,10): | 0.037615 | |
| Zig ZAG (10): | 0.039371 | |
| VORTEX (21): | 1.1687 | |
| Stochastique (14,3,5): | 96.73 | |
| TEMA (21): | 0.038712 | |
| Williams %R (14): | -2.93 | |
| Chande Momentum Oscillator (20): | 0.002653 | |
| Repulse (5,40,3): | 2.9100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0911 | |
| Courbe Coppock: | 7.84 |
| MA7: | 0.037337 | |
| MA20: | 0.037710 | |
| MA50: | 0.044637 | |
| MA100: | 0.044445 | |
| MAexp7: | 0.038490 | |
| MAexp20: | 0.037852 | |
| MAexp50: | 0.037448 | |
| MAexp100: | 0.037241 | |
| Price / MA7: | +5.46% | |
| Price / MA20: | +4.42% | |
| Price / MA50: | -11.78% | |
| Price / MA100: | -11.40% | |
| Price / MAexp7: | +2.30% | |
| Price / MAexp20: | +4.03% | |
| Price / MAexp50: | +5.15% | |
| Price / MAexp100: | +5.74% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis NEM - XEM/USD - 1H