NZD/CHF
NZD CHF
- CHF (-)
- Real time data - Forex
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Type: Forex
Ticker: NZDCHF
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NZD/CHF - 1H - Technical analysis published on 09/22/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Neutral
De fond: Strongly bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 0.6116 CHF
My targets
0.6093 CHF (-0.0010)
0.6069 CHF (-0.0034)
My analysis
The basic trend is very bearish on NZD/CHF but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on NZD/CHF. As long as you stay below the resistance 0.6116 CHF, sellers” retain the upper hand. A break in the support at 0.6093 CHF would be a signal that the basic trend will reverse. Sellers would then use the next support located at 0.6069 CHF as an objective. Crossing it would then enable sellers to target 0.6059 CHF. If the price were to depress the resistance 0.6116 CHF in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
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:
15 min. Daily Weekly

Additional analysis

Quotes

The NZD/CHF rating is 0.6103 CHF. On the day, this instrument gained +0.05% and was traded between 0.6084 CHF and 0.6116 CHF over the period. The price is currently at +0.31% from its lowest and -0.21% from its highest.

0.6084
0.6116
0.6103

A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this 1H chart of NZD/CHF indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the global trend is slowing down. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour



In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.6059 0.6069 0.6093 0.6103 0.6106 0.6116 0.6137
Change (%) -0.72% -0.56% -0.16% - +0.05% +0.21% +0.56%
Change -0.0044 -0.0034 -0.0010 - +0.0003 +0.0013 +0.0034
Level Minor Minor Major - Intermediate Minor Intermediate



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
Standard0.59820.60330.60670.61180.61520.62030.6237
Camarilla0.60770.60840.60920.61000.61080.61160.6123
Woodie0.59730.60290.60580.61140.61430.61990.6228
Fibonacci0.60330.60660.60860.61180.61510.61710.6203


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.59530.60010.60790.61270.62050.62530.6331
Camarilla0.61230.61350.61470.61580.61700.61810.6193
Woodie0.59690.60090.60950.61350.62210.62610.6347
Fibonacci0.60010.60490.60790.61270.61750.62050.6253


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.57740.58410.59640.60310.61540.62210.6344
Camarilla0.60350.60520.60700.60870.61040.61220.6139
Woodie0.58020.58550.59920.60450.61820.62350.6372
Fibonacci0.58410.59140.59580.60310.61040.61480.6221

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): 43.89
MACD (12,26,9): -0.0005
Directional Movement: -5.1235
AROON (14): 21.4285
DEMA (21): 0.6096
Parabolic SAR (0,02-0,02-0,2): 0.6118
Elder Ray (13): -0.0001
Super Trend (3,10): 0.6126
Zig ZAG (10): 0.6104
VORTEX (21): 0.9958
Stochastique (14,3,5): 55.21
TEMA (21): 0.6099
Williams %R (14): -43.75
Chande Momentum Oscillator (20): -0.0001
Repulse (5,40,3): 0.0704
ROCnROLL: 2
TRIX (15,9): -0.0199
Courbe Coppock: 0.14
MA7: 0.6115
MA20: 0.6100
MA50: 0.6075
MA100: 0.6068
MAexp7: 0.6103
MAexp20: 0.6106
MAexp50: 0.6117
MAexp100: 0.6120
Price / MA7: -0.20%
Price / MA20: +0.05%
Price / MA50: +0.46%
Price / MA100: +0.58%
Price / MAexp7: -0%
Price / MAexp20: -0.05%
Price / MAexp50: -0.23%
Price / MAexp100: -0.28%

Quotes : 2020-09-22 14:42:30 - Real time data - Forex

News


The latest news and videos published on NZD/CHF at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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