NEM - XEM/USD - 1H - Technical analysis published on 03/30/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 0.037112 USD
My targets
0.035906 USD (-2.13%)
0.032873 USD (-10.40%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.037112 USD remains possible. It is advisable to trade NEM - XEM/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.037112 USD. The next bearish objective for sellers is set at 0.035906 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.032873 USD. In case of crossing, the next objective would be the support located at 0.031324 USD. PS: if there is a bullish break in the resistance located at 0.037112 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
1.3
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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 rating is 0.036688 USD. The price is lower by +3.95% since the last closing and was traded between 0.035049 USD and 0.038152 USD over the period. The price is currently at +4.68% from its lowest and -3.84% from its highest.0.035049
0.038152
0.036688
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 bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.031324 | 0.035906 | 0.036470 | 0.036688 | 0.037112 | 0.038581 | 0.040318 |
| Change (%) | -14.62% | -2.13% | -0.59% | - | +1.16% | +5.16% | +9.89% |
| Change | -0.005364 | -0.000782 | -0.000218 | - | +0.000424 | +0.001893 | +0.003630 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.031980 | 0.033390 | 0.034341 | 0.035751 | 0.036702 | 0.038112 | 0.039063 |
| Camarilla | 0.034644 | 0.034860 | 0.035077 | 0.035293 | 0.035509 | 0.035726 | 0.035942 |
| Woodie | 0.031752 | 0.033275 | 0.034113 | 0.035636 | 0.036474 | 0.037997 | 0.038835 |
| Fibonacci | 0.033390 | 0.034292 | 0.034849 | 0.035751 | 0.036653 | 0.037210 | 0.038112 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.030072 | 0.032873 | 0.034870 | 0.037671 | 0.039668 | 0.042469 | 0.044466 |
| Camarilla | 0.035547 | 0.035986 | 0.036426 | 0.036866 | 0.037306 | 0.037746 | 0.038186 |
| Woodie | 0.029669 | 0.032672 | 0.034467 | 0.037470 | 0.039265 | 0.042268 | 0.044063 |
| Fibonacci | 0.032873 | 0.034706 | 0.035839 | 0.037671 | 0.039504 | 0.040637 | 0.042469 |
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): | 49.66 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | -2.541372 | |
| AROON (14): | 35.714287 | |
| DEMA (21): | 0.037097 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.038125 | |
| Elder Ray (13): | 0.000050 | |
| Super Trend (3,10): | 0.036067 | |
| Zig ZAG (10): | 0.037025 | |
| VORTEX (21): | 1.1277 | |
| Stochastique (14,3,5): | 60.76 | |
| TEMA (21): | 0.037317 | |
| Williams %R (14): | -47.96 | |
| Chande Momentum Oscillator (20): | 0.000255 | |
| Repulse (5,40,3): | -1.7258 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0771 | |
| Courbe Coppock: | 7.89 |
| MA7: | 0.037662 | |
| MA20: | 0.036853 | |
| MA50: | 0.049180 | |
| MA100: | 0.044092 | |
| MAexp7: | 0.037002 | |
| MAexp20: | 0.036805 | |
| MAexp50: | 0.036782 | |
| MAexp100: | 0.037183 | |
| Price / MA7: | -2.59% | |
| Price / MA20: | -0.45% | |
| Price / MA50: | -25.40% | |
| Price / MA100: | -16.79% | |
| Price / MAexp7: | -0.85% | |
| Price / MAexp20: | -0.32% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -1.33% |
This member declared not having a position on this financial instrument or a related financial instrument.
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