NEM - XEM/USD - 1H - Technical analysis published on 09/15/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
56%
0%
44%
My opinion
Neutral between 0.120071 USD and 0.127310 USD
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 0.127310 USD. The first support is located at 0.120071 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by NEM - XEM/USD.
Technical indicators are bullish in the very short term 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 0.121978 USD. The price registered an increase of +0.60% on the session with the lowest point at 0.119241 USD and the highest point at 0.123814 USD. The deviation from the price is +2.30% for the low point and -1.48% for the high point.0.119241
0.123814
0.121978
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of NEM - XEM/USD in 1H shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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 | 0.113468 | 0.115817 | 0.120071 | 0.121978 | 0.127310 | 0.129670 | 0.134024 |
| Change (%) | -6.98% | -5.05% | -1.56% | - | +4.37% | +6.31% | +9.88% |
| Change | -0.008510 | -0.006161 | -0.001907 | - | +0.005332 | +0.007692 | +0.012046 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.110241 | 0.114010 | 0.117632 | 0.121401 | 0.125023 | 0.128792 | 0.132414 |
| Camarilla | 0.119223 | 0.119900 | 0.120578 | 0.121255 | 0.121933 | 0.122610 | 0.123288 |
| Woodie | 0.110169 | 0.113973 | 0.117560 | 0.121364 | 0.124951 | 0.128755 | 0.132342 |
| Fibonacci | 0.114010 | 0.116833 | 0.118577 | 0.121401 | 0.124224 | 0.125968 | 0.128792 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.071753 | 0.087452 | 0.107494 | 0.123193 | 0.143235 | 0.158934 | 0.178976 |
| Camarilla | 0.117706 | 0.120983 | 0.124259 | 0.127535 | 0.130811 | 0.134088 | 0.137364 |
| Woodie | 0.073924 | 0.088538 | 0.109665 | 0.124279 | 0.145406 | 0.160020 | 0.181147 |
| Fibonacci | 0.087452 | 0.101105 | 0.109540 | 0.123193 | 0.136846 | 0.145281 | 0.158934 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.032885 | 0.008502 | 0.075011 | 0.116398 | 0.182907 | 0.224294 | 0.290803 |
| Camarilla | 0.111850 | 0.121740 | 0.131631 | 0.141521 | 0.151412 | 0.161302 | 0.171192 |
| Woodie | -0.020323 | 0.014783 | 0.087573 | 0.122679 | 0.195469 | 0.230575 | 0.303365 |
| Fibonacci | 0.008502 | 0.049718 | 0.075181 | 0.116398 | 0.157614 | 0.183077 | 0.224294 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.87 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | -2.971974 | |
| AROON (14): | 7.142857 | |
| DEMA (21): | 0.121943 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.119763 | |
| Elder Ray (13): | 0.000130 | |
| Super Trend (3,10): | 0.117906 | |
| Zig ZAG (10): | 0.122147 | |
| VORTEX (21): | 0.9720 | |
| Stochastique (14,3,5): | 54.37 | |
| TEMA (21): | 0.122170 | |
| Williams %R (14): | -41.00 | |
| Chande Momentum Oscillator (20): | 0.000943 | |
| Repulse (5,40,3): | 0.2552 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0505 | |
| Courbe Coppock: | 0.90 |
| MA7: | 0.125615 | |
| MA20: | 0.129775 | |
| MA50: | 0.092066 | |
| MA100: | 0.068755 | |
| MAexp7: | 0.121942 | |
| MAexp20: | 0.121402 | |
| MAexp50: | 0.121607 | |
| MAexp100: | 0.123131 | |
| Price / MA7: | -2.90% | |
| Price / MA20: | -6.01% | |
| Price / MA50: | +32.49% | |
| Price / MA100: | +77.41% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.47% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | -0.94% |
Quotes :
2020-09-15 09:30:11
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Real time data
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