NEM - XEM/USD - 1H - Technical analysis published on 05/11/2020 (GMT)
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- 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 bearish
De fond:
Strongly bearish
Technical indicators
28%
61%
11%
My opinion
Bearish under 0.038463 USD
My targets
0.035267 USD (-1.48%)
0.033284 USD (-7.02%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NEM - XEM/USD as long as the price remains well below 0.038463 USD. The sellers” bearish objective is set at 0.035267 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.033284 USD. In case of crossing, the next objective would be the support located at 0.031324 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
7.1
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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 0.035797 USD. On the day, this instrument lost -4.74% with the lowest point at 0.034873 USD and the highest point at 0.038699 USD. The deviation from the price is +2.65% for the low point and -7.50% for the high point.0.034873
0.038699
0.035797
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NEM - XEM/USD in 1H shows a overall strongly bearish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.031324 | 0.035267 | 0.035797 | 0.039143 | 0.039908 | 0.040388 |
| Change (%) | -12.50% | -1.48% | - | +9.35% | +11.48% | +12.83% |
| Change | -0.004473 | -0.000530 | - | +0.003346 | +0.004111 | +0.004591 |
| Level | Intermediate | Intermediate | - | Minor | Minor | Minor |
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 | 0.027614 | 0.031011 | 0.034294 | 0.037691 | 0.040974 | 0.044371 | 0.047654 |
| Camarilla | 0.035740 | 0.036352 | 0.036965 | 0.037577 | 0.038189 | 0.038802 | 0.039414 |
| Woodie | 0.027557 | 0.030983 | 0.034237 | 0.037663 | 0.040917 | 0.044343 | 0.047597 |
| Fibonacci | 0.031011 | 0.033563 | 0.035139 | 0.037691 | 0.040243 | 0.041819 | 0.044371 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.033284 | 0.036214 | 0.038463 | 0.041393 | 0.043642 | 0.046572 | 0.048821 |
| Camarilla | 0.039289 | 0.039764 | 0.040238 | 0.040713 | 0.041188 | 0.041663 | 0.042137 |
| Woodie | 0.032945 | 0.036044 | 0.038124 | 0.041223 | 0.043303 | 0.046402 | 0.048482 |
| Fibonacci | 0.036214 | 0.038192 | 0.039414 | 0.041393 | 0.043371 | 0.044593 | 0.046572 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.024649 | 0.029812 | 0.035112 | 0.040275 | 0.045575 | 0.050738 | 0.056038 |
| Camarilla | 0.037535 | 0.038494 | 0.039453 | 0.040412 | 0.041371 | 0.042330 | 0.043289 |
| Woodie | 0.024718 | 0.029846 | 0.035181 | 0.040309 | 0.045644 | 0.050772 | 0.056107 |
| Fibonacci | 0.029812 | 0.033809 | 0.036278 | 0.040275 | 0.044272 | 0.046741 | 0.050738 |
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): | 29.21 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -27.163949 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.036694 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.038573 | |
| Elder Ray (13): | -0.001403 | |
| Super Trend (3,10): | 0.038392 | |
| Zig ZAG (10): | 0.035403 | |
| VORTEX (21): | 0.8454 | |
| Stochastique (14,3,5): | 24.12 | |
| TEMA (21): | 0.036655 | |
| Williams %R (14): | -82.31 | |
| Chande Momentum Oscillator (20): | -0.002075 | |
| Repulse (5,40,3): | -2.9285 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1028 | |
| Courbe Coppock: | 3.64 |
| MA7: | 0.039930 | |
| MA20: | 0.040037 | |
| MA50: | 0.038507 | |
| MA100: | 0.045271 | |
| MAexp7: | 0.036824 | |
| MAexp20: | 0.037245 | |
| MAexp50: | 0.038120 | |
| MAexp100: | 0.039125 | |
| Price / MA7: | -10.35% | |
| Price / MA20: | -10.59% | |
| Price / MA50: | -7.04% | |
| Price / MA100: | -20.93% | |
| Price / MAexp7: | -2.79% | |
| Price / MAexp20: | -3.89% | |
| Price / MAexp50: | -6.09% | |
| Price / MAexp100: | -8.51% |
This member declared not having a position on this financial instrument or a related financial instrument.
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