NEM - XEM/USD - 1H - Technical analysis published on 12/31/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
72%
6%
My opinion
Bearish under 0.031963 USD
My targets
0.031207 USD (-1.21%)
0.030533 USD (-3.34%)
My analysis
NEM - XEM/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.031963 USD. The next support located at 0.031207 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.030533 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
7.7
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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
The NEM - XEM/USD price is 0.031589 USD. The price registered a decrease of -0.10% on the session with the lowest point at 0.031395 USD and the highest point at 0.031969 USD. The deviation from the price is +0.62% for the low point and -1.19% for the high point.0.031395
0.031969
0.031589
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of NEM - XEM/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 1 are neutral and 13 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
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 | 0.030533 | 0.031207 | 0.031589 | 0.031963 | 0.032492 | 0.032829 |
| Change (%) | -3.34% | -1.21% | - | +1.18% | +2.86% | +3.93% |
| Change | -0.001056 | -0.000382 | - | +0.000374 | +0.000903 | +0.001240 |
| Level | Minor | Major | - | Intermediate | Intermediate | Minor |
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 | 0.030153 | 0.030762 | 0.031192 | 0.031801 | 0.032231 | 0.032840 | 0.033270 |
| Camarilla | 0.031336 | 0.031432 | 0.031527 | 0.031622 | 0.031717 | 0.031813 | 0.031908 |
| Woodie | 0.030064 | 0.030717 | 0.031103 | 0.031756 | 0.032142 | 0.032795 | 0.033181 |
| Fibonacci | 0.030762 | 0.031159 | 0.031404 | 0.031801 | 0.032198 | 0.032443 | 0.032840 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.029316 | 0.030305 | 0.031541 | 0.032530 | 0.033766 | 0.034755 | 0.035991 |
| Camarilla | 0.032166 | 0.032370 | 0.032574 | 0.032778 | 0.032982 | 0.033186 | 0.033390 |
| Woodie | 0.029441 | 0.030367 | 0.031666 | 0.032592 | 0.033891 | 0.034817 | 0.036116 |
| Fibonacci | 0.030305 | 0.031155 | 0.031680 | 0.032530 | 0.033380 | 0.033905 | 0.034755 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.017450 | 0.024879 | 0.030537 | 0.037966 | 0.043624 | 0.051053 | 0.056711 |
| Camarilla | 0.032597 | 0.033797 | 0.034996 | 0.036196 | 0.037396 | 0.038595 | 0.039795 |
| Woodie | 0.016566 | 0.024436 | 0.029653 | 0.037523 | 0.042740 | 0.050610 | 0.055827 |
| Fibonacci | 0.024879 | 0.029878 | 0.032966 | 0.037966 | 0.042965 | 0.046053 | 0.051053 |
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): | 40.30 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -13.734195 | |
| AROON (14): | -71.428572 | |
| DEMA (21): | 0.031644 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.032093 | |
| Elder Ray (13): | -0.000222 | |
| Super Trend (3,10): | 0.032114 | |
| Zig ZAG (10): | 0.031475 | |
| VORTEX (21): | 0.9570 | |
| Stochastique (14,3,5): | 9.76 | |
| TEMA (21): | 0.031625 | |
| Williams %R (14): | -76.48 | |
| Chande Momentum Oscillator (20): | -0.000220 | |
| Repulse (5,40,3): | -0.2659 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0333 | |
| Courbe Coppock: | 0.29 |
| MA7: | 0.031976 | |
| MA20: | 0.032939 | |
| MA50: | 0.035502 | |
| MA100: | 0.037991 | |
| MAexp7: | 0.031643 | |
| MAexp20: | 0.031744 | |
| MAexp50: | 0.031905 | |
| MAexp100: | 0.032026 | |
| Price / MA7: | -1.21% | |
| Price / MA20: | -4.10% | |
| Price / MA50: | -11.02% | |
| Price / MA100: | -16.85% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.49% | |
| Price / MAexp50: | -0.99% | |
| Price / MAexp100: | -1.36% |
This member declared not having a position on this financial instrument or a related financial instrument.
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