NEM - XEM/USD - 1H - Technical analysis published on 06/15/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
72%
0%
28%
My opinion
Neutral between 0.041941 USD and 0.044996 USD
My targets
-
My analysis
The short-term increase on NEM - XEM/USD remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 0.044996 USD. The first support is located at 0.041941 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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
NEM - XEM/USD rating 0.043214 USD. On the day, this instrument lost -0.62% and was traded between 0.040081 USD and 0.043661 USD over the period. The price is currently at +7.82% from its lowest and -1.02% from its highest.0.040081
0.043661
0.043214
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 slightly bearish. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.038200 | 0.041941 | 0.043026 | 0.043214 | 0.044996 | 0.046172 | 0.047394 |
| Change (%) | -11.60% | -2.95% | -0.44% | - | +4.12% | +6.85% | +9.67% |
| Change | -0.005014 | -0.001273 | -0.000188 | - | +0.001782 | +0.002958 | +0.004180 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Intermediate |
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 | 0.039919 | 0.041506 | 0.042495 | 0.044082 | 0.045071 | 0.046658 | 0.047647 |
| Camarilla | 0.042775 | 0.043011 | 0.043247 | 0.043483 | 0.043719 | 0.043955 | 0.044191 |
| Woodie | 0.039619 | 0.041357 | 0.042195 | 0.043933 | 0.044771 | 0.046509 | 0.047347 |
| Fibonacci | 0.041506 | 0.042490 | 0.043098 | 0.044082 | 0.045066 | 0.045674 | 0.046658 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.034226 | 0.038084 | 0.041573 | 0.045431 | 0.048920 | 0.052778 | 0.056267 |
| Camarilla | 0.043043 | 0.043716 | 0.044390 | 0.045063 | 0.045737 | 0.046410 | 0.047083 |
| Woodie | 0.034043 | 0.037992 | 0.041390 | 0.045339 | 0.048737 | 0.052686 | 0.056084 |
| Fibonacci | 0.038084 | 0.040890 | 0.042624 | 0.045431 | 0.048237 | 0.049971 | 0.052778 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.026297 | 0.030352 | 0.036211 | 0.040266 | 0.046125 | 0.050180 | 0.056039 |
| Camarilla | 0.039343 | 0.040251 | 0.041160 | 0.042069 | 0.042978 | 0.043887 | 0.044795 |
| Woodie | 0.027198 | 0.030803 | 0.037112 | 0.040717 | 0.047026 | 0.050631 | 0.056940 |
| Fibonacci | 0.030352 | 0.034140 | 0.036479 | 0.040266 | 0.044054 | 0.046393 | 0.050180 |
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): | 53.03 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -1.819096 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.041886 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.041127 | |
| Elder Ray (13): | 0.000831 | |
| Super Trend (3,10): | 0.040956 | |
| Zig ZAG (10): | 0.042853 | |
| VORTEX (21): | 0.9762 | |
| Stochastique (14,3,5): | 91.93 | |
| TEMA (21): | 0.042110 | |
| Williams %R (14): | -17.82 | |
| Chande Momentum Oscillator (20): | 0.002067 | |
| Repulse (5,40,3): | 0.0730 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2010 | |
| Courbe Coppock: | 1.05 |
| MA7: | 0.044621 | |
| MA20: | 0.044228 | |
| MA50: | 0.041720 | |
| MA100: | 0.039697 | |
| MAexp7: | 0.042409 | |
| MAexp20: | 0.042404 | |
| MAexp50: | 0.043207 | |
| MAexp100: | 0.044002 | |
| Price / MA7: | -3.15% | |
| Price / MA20: | -2.29% | |
| Price / MA50: | +3.58% | |
| Price / MA100: | +8.86% | |
| Price / MAexp7: | +1.90% | |
| Price / MAexp20: | +1.91% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | -1.79% |
Quotes :
2020-06-15 18:56:08
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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