NEM - XEM/USD - 1H - Technical analysis published on 02/27/2020 (GMT)
- Who voted?
- 243
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.050425 USD
My targets
0.054413 USD (+4.36%)
0.057044 USD (+9.41%)
My analysis
The strong short-term increase in NEM - XEM/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.050425 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.054413 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.057044 USD as an objective. Crossing it would then enable buyers to target 0.060582 USD. Caution, a return under 0.050425 USD could jeopardize the reversal.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
3.2
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
NEM - XEM/USD rating 0.052139 USD. The price is lower by +14.82% since the last closing with the lowest point at 0.042920 USD and the highest point at 0.054148 USD. The deviation from the price is +21.48% for the low point and -3.71% for the high point.0.042920
0.054148
0.052139
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this NEM - XEM/USD chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
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 : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.039049 | 0.043343 | 0.049030 | 0.052139 | 0.057044 | 0.060582 | 0.074923 |
Change (%) | -25.11% | -16.87% | -5.96% | - | +9.41% | +16.19% | +43.70% |
Change | -0.013090 | -0.008796 | -0.003109 | - | +0.004905 | +0.008443 | +0.022784 |
Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.036116 | 0.039979 | 0.042695 | 0.046558 | 0.049274 | 0.053137 | 0.055853 |
Camarilla | 0.043602 | 0.044205 | 0.044808 | 0.045411 | 0.046014 | 0.046617 | 0.047220 |
Woodie | 0.035543 | 0.039692 | 0.042122 | 0.046271 | 0.048701 | 0.052850 | 0.055280 |
Fibonacci | 0.039979 | 0.042492 | 0.044045 | 0.046558 | 0.049071 | 0.050624 | 0.053137 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.041238 | 0.049346 | 0.054413 | 0.062521 | 0.067588 | 0.075696 | 0.080763 |
Camarilla | 0.055857 | 0.057065 | 0.058272 | 0.059480 | 0.060688 | 0.061895 | 0.063103 |
Woodie | 0.039718 | 0.048586 | 0.052893 | 0.061761 | 0.066068 | 0.074936 | 0.079243 |
Fibonacci | 0.049346 | 0.054379 | 0.057488 | 0.062521 | 0.067554 | 0.070663 | 0.075696 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.019923 | 0.025438 | 0.035174 | 0.040689 | 0.050425 | 0.055940 | 0.065676 |
Camarilla | 0.040715 | 0.042113 | 0.043511 | 0.044909 | 0.046307 | 0.047705 | 0.049103 |
Woodie | 0.022033 | 0.026493 | 0.037284 | 0.041744 | 0.052535 | 0.056995 | 0.067786 |
Fibonacci | 0.025438 | 0.031264 | 0.034864 | 0.040689 | 0.046515 | 0.050115 | 0.055940 |
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): | 64.31 | |
MACD (12,26,9): | 0.0010 | |
Directional Movement: | 34.658887 | |
AROON (14): | 92.857140 | |
DEMA (21): | 0.049623 | |
Parabolic SAR (0,02-0,02-0,2): | 0.048513 | |
Elder Ray (13): | 0.001918 | |
Super Trend (3,10): | 0.047670 | |
Zig ZAG (10): | 0.051367 | |
VORTEX (21): | 1.1680 | |
Stochastique (14,3,5): | 75.53 | |
TEMA (21): | 0.051308 | |
Williams %R (14): | -31.78 | |
Chande Momentum Oscillator (20): | 0.005411 | |
Repulse (5,40,3): | -0.9074 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1156 | |
Courbe Coppock: | 20.92 |
MA7: | 0.055090 | |
MA20: | 0.062220 | |
MA50: | 0.049773 | |
MA100: | 0.042015 | |
MAexp7: | 0.050573 | |
MAexp20: | 0.048729 | |
MAexp50: | 0.049175 | |
MAexp100: | 0.051739 | |
Price / MA7: | -5.36% | |
Price / MA20: | -16.20% | |
Price / MA50: | +4.75% | |
Price / MA100: | +24.10% | |
Price / MAexp7: | +3.10% | |
Price / MAexp20: | +7.00% | |
Price / MAexp50: | +6.03% | |
Price / MAexp100: | +0.77% |
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…
Add a comment
Comments
0 comments on the analysis NEM - XEM/USD - 1H