NEM - XEM/USD - 1H - Technical analysis published on 09/16/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 0.113468 USD
My targets
0.107494 USD (-3.75%)
0.103623 USD (-7.22%)
My analysis
The bearish trend is currently very strong for NEM - XEM/USD. As long as the price remains below the resistance at 0.113468 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.107494 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.103623 USD as an objective. Crossing it would then enable sellers to target 0.047497 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.9
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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 0.111683 USD. On the day, this instrument lost -7.12% and was traded between 0.110274 USD and 0.120469 USD over the period. The price is currently at +1.28% from its lowest and -7.29% from its highest.0.110274
0.120469
0.111683
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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
A technical analysis in 1H of this NEM - XEM/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.047497 | 0.103623 | 0.111683 | 0.113468 | 0.116771 | 0.120068 |
| Change (%) | -57.47% | -7.22% | - | +1.60% | +4.56% | +7.51% |
| Change | -0.064186 | -0.008060 | - | +0.001785 | +0.005088 | +0.008385 |
| Level | Intermediate | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.108988 | 0.112879 | 0.116565 | 0.120456 | 0.124142 | 0.128033 | 0.131719 |
| Camarilla | 0.118166 | 0.118861 | 0.119555 | 0.120250 | 0.120945 | 0.121639 | 0.122334 |
| Woodie | 0.108885 | 0.112828 | 0.116462 | 0.120405 | 0.124039 | 0.127982 | 0.131616 |
| Fibonacci | 0.112879 | 0.115774 | 0.117562 | 0.120456 | 0.123351 | 0.125139 | 0.128033 |
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): | 36.01 | |
| MACD (12,26,9): | -0.0018 | |
| Directional Movement: | -22.192622 | |
| AROON (14): | -49.999997 | |
| DEMA (21): | 0.113378 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.119114 | |
| Elder Ray (13): | -0.003633 | |
| Super Trend (3,10): | 0.117997 | |
| Zig ZAG (10): | 0.111338 | |
| VORTEX (21): | 0.8688 | |
| Stochastique (14,3,5): | 16.35 | |
| TEMA (21): | 0.112602 | |
| Williams %R (14): | -80.33 | |
| Chande Momentum Oscillator (20): | -0.000947 | |
| Repulse (5,40,3): | -2.1459 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1724 | |
| Courbe Coppock: | 5.39 |
| MA7: | 0.123283 | |
| MA20: | 0.130651 | |
| MA50: | 0.093266 | |
| MA100: | 0.069404 | |
| MAexp7: | 0.113500 | |
| MAexp20: | 0.115598 | |
| MAexp50: | 0.117952 | |
| MAexp100: | 0.120112 | |
| Price / MA7: | -9.41% | |
| Price / MA20: | -14.52% | |
| Price / MA50: | +19.75% | |
| Price / MA100: | +60.92% | |
| Price / MAexp7: | -1.60% | |
| Price / MAexp20: | -3.39% | |
| Price / MAexp50: | -5.31% | |
| Price / MAexp100: | -7.02% |
Quotes :
2020-09-16 15:45:28
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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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