NEM - XEM/USD - Daily - Technical analysis published on 03/06/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 0.049030 USD
My targets
0.056256 USD (+3.86%)
0.061317 USD (+13.20%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NEM - XEM/USD. As long as you are above the support located at 0.049030 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.056256 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.061317 USD as an objective. Crossing it would then enable buyers to target 0.074923 USD. If the support 0.049030 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
3.8
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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 0.054166 USD. The price has increased by +0.40% since the last closing with the lowest point at 0.053088 USD and the highest point at 0.055167 USD. The deviation from the price is +2.03% for the low point and -1.81% for the high point.0.053088
0.055167
0.054166
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of NEM - XEM/USD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
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
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
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 horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.039049 | 0.043343 | 0.049030 | 0.054166 | 0.056256 | 0.061317 | 0.074923 |
| Change (%) | -27.91% | -19.98% | -9.48% | - | +3.86% | +13.20% | +38.32% |
| Change | -0.015117 | -0.010823 | -0.005136 | - | +0.002090 | +0.007151 | +0.020757 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Major |
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 | 0.048551 | 0.050253 | 0.052102 | 0.053804 | 0.055653 | 0.057355 | 0.059204 |
| Camarilla | 0.052974 | 0.053299 | 0.053625 | 0.053950 | 0.054276 | 0.054601 | 0.054927 |
| Woodie | 0.048624 | 0.050290 | 0.052175 | 0.053841 | 0.055726 | 0.057392 | 0.059277 |
| Fibonacci | 0.050253 | 0.051610 | 0.052448 | 0.053804 | 0.055161 | 0.055999 | 0.057355 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.020953 | 0.031936 | 0.040151 | 0.051134 | 0.059349 | 0.070332 | 0.078547 |
| Camarilla | 0.043086 | 0.044845 | 0.046605 | 0.048365 | 0.050125 | 0.051885 | 0.053644 |
| Woodie | 0.019568 | 0.031244 | 0.038766 | 0.050442 | 0.057964 | 0.069640 | 0.077162 |
| Fibonacci | 0.031936 | 0.039270 | 0.043801 | 0.051134 | 0.058468 | 0.062999 | 0.070332 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000241 | 0.021580 | 0.034973 | 0.056312 | 0.069705 | 0.091044 | 0.104437 |
| Camarilla | 0.038814 | 0.041998 | 0.045181 | 0.048365 | 0.051549 | 0.054733 | 0.057916 |
| Woodie | -0.003733 | 0.019594 | 0.030999 | 0.054326 | 0.065731 | 0.089058 | 0.100463 |
| Fibonacci | 0.021580 | 0.034848 | 0.043045 | 0.056312 | 0.069580 | 0.077777 | 0.091044 |
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): | 49.84 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | -1.800543 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.053805 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.043661 | |
| Elder Ray (13): | 0.000486 | |
| Super Trend (3,10): | 0.065147 | |
| Zig ZAG (10): | 0.054133 | |
| VORTEX (21): | 0.8771 | |
| Stochastique (14,3,5): | 53.95 | |
| TEMA (21): | 0.050528 | |
| Williams %R (14): | -41.76 | |
| Chande Momentum Oscillator (20): | -0.007216 | |
| Repulse (5,40,3): | 1.5642 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1226 | |
| Courbe Coppock: | 30.25 |
| MA7: | 0.052124 | |
| MA20: | 0.055588 | |
| MA50: | 0.052574 | |
| MA100: | 0.043220 | |
| MAexp7: | 0.053000 | |
| MAexp20: | 0.054395 | |
| MAexp50: | 0.051942 | |
| MAexp100: | 0.048122 | |
| Price / MA7: | +3.92% | |
| Price / MA20: | -2.56% | |
| Price / MA50: | +3.03% | |
| Price / MA100: | +25.33% | |
| Price / MAexp7: | +2.20% | |
| Price / MAexp20: | -0.42% | |
| Price / MAexp50: | +4.28% | |
| Price / MAexp100: | +12.56% |
This member declared not having a position on this financial instrument or a related financial instrument.
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