NZD/CHF - 1H - Technical analysis published on 09/22/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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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
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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 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:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 0.5982 | 0.6033 | 0.6067 | 0.6118 | 0.6152 | 0.6203 | 0.6237 |
Camarilla | 0.6077 | 0.6084 | 0.6092 | 0.6100 | 0.6108 | 0.6116 | 0.6123 |
Woodie | 0.5973 | 0.6029 | 0.6058 | 0.6114 | 0.6143 | 0.6199 | 0.6228 |
Fibonacci | 0.6033 | 0.6066 | 0.6086 | 0.6118 | 0.6151 | 0.6171 | 0.6203 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.5953 | 0.6001 | 0.6079 | 0.6127 | 0.6205 | 0.6253 | 0.6331 |
Camarilla | 0.6123 | 0.6135 | 0.6147 | 0.6158 | 0.6170 | 0.6181 | 0.6193 |
Woodie | 0.5969 | 0.6009 | 0.6095 | 0.6135 | 0.6221 | 0.6261 | 0.6347 |
Fibonacci | 0.6001 | 0.6049 | 0.6079 | 0.6127 | 0.6175 | 0.6205 | 0.6253 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.5774 | 0.5841 | 0.5964 | 0.6031 | 0.6154 | 0.6221 | 0.6344 |
Camarilla | 0.6035 | 0.6052 | 0.6070 | 0.6087 | 0.6104 | 0.6122 | 0.6139 |
Woodie | 0.5802 | 0.5855 | 0.5992 | 0.6045 | 0.6182 | 0.6235 | 0.6372 |
Fibonacci | 0.5841 | 0.5914 | 0.5958 | 0.6031 | 0.6104 | 0.6148 | 0.6221 |
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
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Real time data
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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.
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…
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