NEM - XEM/USD - Daily - Technical analysis published on 06/17/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.086401 USD
My targets
0.100533 USD (+10.82%)
0.107335 USD (+18.32%)
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 0.086401 USD. The buyers” bullish objective is set at 0.100533 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.107335 USD. If there is any crossing, the next objective would be the resistance located at 0.337200 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 price is 0.090718 USD. The price registered an increase of +3.60% on the session and was traded between 0.087465 USD and 0.092509 USD over the period. The price is currently at +3.72% from its lowest and -1.94% from its highest.0.087465
0.092509
0.090718
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
Technical analysis of this Daily chart of NEM - XEM/USD indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
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:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.062805 | 0.075341 | 0.086401 | 0.090718 | 0.100533 | 0.107335 | 0.337200 |
Change (%) | -30.77% | -16.95% | -4.76% | - | +10.82% | +18.32% | +271.70% |
Change | -0.027913 | -0.015377 | -0.004317 | - | +0.009815 | +0.016617 | +0.246482 |
Level | Minor | Major | Major | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.076470 | 0.080820 | 0.084193 | 0.088543 | 0.091916 | 0.096266 | 0.099639 |
Camarilla | 0.085441 | 0.086149 | 0.086857 | 0.087565 | 0.088273 | 0.088981 | 0.089689 |
Woodie | 0.075980 | 0.080576 | 0.083704 | 0.088299 | 0.091426 | 0.096022 | 0.099150 |
Fibonacci | 0.080820 | 0.083771 | 0.085593 | 0.088543 | 0.091494 | 0.093316 | 0.096266 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.072239 | 0.075678 | 0.080752 | 0.084191 | 0.089265 | 0.092704 | 0.097778 |
Camarilla | 0.083486 | 0.084266 | 0.085047 | 0.085827 | 0.086607 | 0.087388 | 0.088168 |
Woodie | 0.073058 | 0.076087 | 0.081570 | 0.084600 | 0.090084 | 0.093113 | 0.098596 |
Fibonacci | 0.075678 | 0.078930 | 0.080939 | 0.084191 | 0.087443 | 0.089452 | 0.092704 |
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): | 58.63 | |
MACD (12,26,9): | 0.0019 | |
Directional Movement: | 7.061521 | |
AROON (14): | -21.428572 | |
DEMA (21): | 0.088779 | |
Parabolic SAR (0,02-0,02-0,2): | 0.074039 | |
Elder Ray (13): | 0.003549 | |
Super Trend (3,10): | 0.071363 | |
Zig ZAG (10): | 0.090516 | |
VORTEX (21): | 0.9938 | |
Stochastique (14,3,5): | 55.33 | |
TEMA (21): | 0.086664 | |
Williams %R (14): | -18.47 | |
Chande Momentum Oscillator (20): | 0.007098 | |
Repulse (5,40,3): | 2.9804 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.4113 | |
Courbe Coppock: | 6.46 |
MA7: | 0.086356 | |
MA20: | 0.087197 | |
MA50: | 0.076879 | |
MA100: | 0.067627 | |
MAexp7: | 0.086980 | |
MAexp20: | 0.085694 | |
MAexp50: | 0.079335 | |
MAexp100: | 0.071992 | |
Price / MA7: | +5.05% | |
Price / MA20: | +4.04% | |
Price / MA50: | +18.00% | |
Price / MA100: | +34.14% | |
Price / MAexp7: | +4.30% | |
Price / MAexp20: | +5.86% | |
Price / MAexp50: | +14.35% | |
Price / MAexp100: | +26.01% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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