NZD/CHF - 1H - Technical analysis published on 02/03/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
39%
11%
50%
My opinion
Bearish under 0.6276 CHF
My targets
0.6198 CHF (-0.0041)
My analysis
The bearish basic trend is very strong on NZD/CHF but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.6276 CHF. Crossing the first support at 0.6198 CHF would be a sign of a further potential price plummet. Caution, a return to above the resistance located at 0.6276 CHF would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
4.5
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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 price is 0.6239 CHF. The price registered a decrease of +0.18% on the session and was traded between 0.6218 CHF and 0.6259 CHF over the period. The price is currently at +0.34% from its lowest and -0.32% from its highest.0.6218
0.6259
0.6239
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NZD/CHF in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.6198 | 0.6239 | 0.6276 | 0.6316 | 0.6380 |
| Change (%) | -0.66% | - | +0.59% | +1.23% | +2.26% |
| Change | -0.0041 | - | +0.0037 | +0.0077 | +0.0141 |
| Level | Intermediate | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6122 | 0.6173 | 0.6200 | 0.6251 | 0.6278 | 0.6329 | 0.6356 |
| Camarilla | 0.6207 | 0.6214 | 0.6221 | 0.6228 | 0.6235 | 0.6242 | 0.6250 |
| Woodie | 0.6111 | 0.6167 | 0.6189 | 0.6245 | 0.6267 | 0.6323 | 0.6345 |
| Fibonacci | 0.6173 | 0.6203 | 0.6221 | 0.6251 | 0.6281 | 0.6299 | 0.6329 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5982 | 0.6103 | 0.6165 | 0.6286 | 0.6348 | 0.6469 | 0.6531 |
| Camarilla | 0.6178 | 0.6194 | 0.6211 | 0.6228 | 0.6245 | 0.6262 | 0.6278 |
| Woodie | 0.5954 | 0.6088 | 0.6137 | 0.6271 | 0.6320 | 0.6454 | 0.6503 |
| Fibonacci | 0.6103 | 0.6173 | 0.6216 | 0.6286 | 0.6356 | 0.6399 | 0.6469 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5826 | 0.6025 | 0.6126 | 0.6325 | 0.6426 | 0.6625 | 0.6726 |
| Camarilla | 0.6146 | 0.6173 | 0.6201 | 0.6228 | 0.6256 | 0.6283 | 0.6311 |
| Woodie | 0.5778 | 0.6001 | 0.6078 | 0.6301 | 0.6378 | 0.6601 | 0.6678 |
| Fibonacci | 0.6025 | 0.6139 | 0.6210 | 0.6325 | 0.6439 | 0.6510 | 0.6625 |
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): | 48.49 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | 3.0461 | |
| AROON (14): | 42.8572 | |
| DEMA (21): | 0.6235 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6357 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 0.6297 | |
| Zig ZAG (10): | 0.6241 | |
| VORTEX (21): | 1.0016 | |
| Stochastique (14,3,5): | 49.02 | |
| TEMA (21): | 0.6241 | |
| Williams %R (14): | -47.06 | |
| Chande Momentum Oscillator (20): | 0.0009 | |
| Repulse (5,40,3): | 0.0840 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0125 | |
| Courbe Coppock: | 0.33 |
| MA7: | 0.6319 | |
| MA20: | 0.6380 | |
| MA50: | 0.6437 | |
| MA100: | 0.6369 | |
| MAexp7: | 0.6241 | |
| MAexp20: | 0.6242 | |
| MAexp50: | 0.6258 | |
| MAexp100: | 0.6286 | |
| Price / MA7: | -1.27% | |
| Price / MA20: | -2.21% | |
| Price / MA50: | -3.08% | |
| Price / MA100: | -2.04% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.75% |
News
Don"t forget to follow the news on NZD/CHF. At the time of publication of this analysis, the latest news was as follows:
NZDCHF at key level 77.00This member declared not having a position on this financial instrument or a related financial instrument.
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