NEM - XEM/USD - 1H - Technical analysis published on 10/05/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.121823 USD
My targets
0.126135 USD (+1.09%)
0.137886 USD (+10.51%)
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 0.121823 USD. The buyers” bullish objective is set at 0.126135 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.137886 USD. If there is any crossing, the next objective would be the resistance located at 0.154200 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
8.6
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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 0.124777 USD. The price has increased by +6.19% since the last closing and was between 0.116505 USD and 0.125489 USD. This implies that the price is at +7.10% from its lowest and at -0.57% from its highest.0.116505
0.125489
0.124777
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
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 strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
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
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.117521 | 0.119616 | 0.121823 | 0.124777 | 0.126135 | 0.154200 | 0.217800 |
| Change (%) | -5.82% | -4.14% | -2.37% | - | +1.09% | +23.58% | +74.55% |
| Change | -0.007256 | -0.005161 | -0.002954 | - | +0.001358 | +0.029423 | +0.093023 |
| Level | Minor | Major | Minor | - | Minor | Intermediate | 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 | 0.108491 | 0.110315 | 0.113912 | 0.115736 | 0.119333 | 0.121157 | 0.124754 |
| Camarilla | 0.116017 | 0.116514 | 0.117011 | 0.117508 | 0.118005 | 0.118502 | 0.118999 |
| Woodie | 0.109377 | 0.110758 | 0.114798 | 0.116179 | 0.120219 | 0.121600 | 0.125640 |
| Fibonacci | 0.110315 | 0.112386 | 0.113666 | 0.115736 | 0.117807 | 0.119087 | 0.121157 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.092523 | 0.101768 | 0.107644 | 0.116889 | 0.122765 | 0.132010 | 0.137886 |
| Camarilla | 0.109361 | 0.110747 | 0.112133 | 0.113519 | 0.114905 | 0.116291 | 0.117677 |
| Woodie | 0.090838 | 0.100926 | 0.105959 | 0.116047 | 0.121080 | 0.131168 | 0.136201 |
| Fibonacci | 0.101768 | 0.107545 | 0.111113 | 0.116889 | 0.122666 | 0.126234 | 0.132010 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.011508 | 0.054683 | 0.084351 | 0.127526 | 0.157194 | 0.200369 | 0.230037 |
| Camarilla | 0.093986 | 0.100663 | 0.107341 | 0.114018 | 0.120695 | 0.127373 | 0.134050 |
| Woodie | 0.004754 | 0.051306 | 0.077597 | 0.124149 | 0.150440 | 0.196992 | 0.223283 |
| Fibonacci | 0.054683 | 0.082509 | 0.099700 | 0.127526 | 0.155352 | 0.172543 | 0.200369 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 79.03 | |
| MACD (12,26,9): | 0.0022 | |
| Directional Movement: | 32.896046 | |
| AROON (14): | 78.571428 | |
| DEMA (21): | 0.122814 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.118513 | |
| Elder Ray (13): | 0.003648 | |
| Super Trend (3,10): | 0.120497 | |
| Zig ZAG (10): | 0.124954 | |
| VORTEX (21): | 1.3037 | |
| Stochastique (14,3,5): | 94.00 | |
| TEMA (21): | 0.124026 | |
| Williams %R (14): | -7.46 | |
| Chande Momentum Oscillator (20): | 0.006695 | |
| Repulse (5,40,3): | 2.4475 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2057 | |
| Courbe Coppock: | 7.45 |
| MA7: | 0.117798 | |
| MA20: | 0.114214 | |
| MA50: | 0.114332 | |
| MA100: | 0.082759 | |
| MAexp7: | 0.122058 | |
| MAexp20: | 0.120117 | |
| MAexp50: | 0.117602 | |
| MAexp100: | 0.116606 | |
| Price / MA7: | +5.92% | |
| Price / MA20: | +9.25% | |
| Price / MA50: | +9.14% | |
| Price / MA100: | +50.77% | |
| Price / MAexp7: | +2.23% | |
| Price / MAexp20: | +3.88% | |
| Price / MAexp50: | +6.10% | |
| Price / MAexp100: | +7.01% |
Quotes :
2020-10-05 17:50:50
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Real time data
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