NZD/CHF - 1H - Technical analysis published on 02/19/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.6276 CHF
My targets
0.6304 CHF (+0.0010)
0.6316 CHF (+0.0022)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for NZD/CHF as long as the price remains well above 0.6276 CHF. The buyers” bullish objective is set at 0.6304 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.6316 CHF. If there is any crossing, the next objective would be the resistance located at 0.6327 CHF. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.6304 CHF. On this resistance, against the trend traders who would like to go short on NZD/CHF with a bearish signal from their trading strategy, should not hesitate to act.
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
2.9
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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 0.6294 CHF. The price registered a decrease of +0.13% on the session and was traded between 0.6279 CHF and 0.6305 CHF over the period. The price is currently at +0.24% from its lowest and -0.17% from its highest.0.6279
0.6305
0.6294
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this NZD/CHF chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
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:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
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 | 0.6248 | 0.6276 | 0.6293 | 0.6294 | 0.6304 | 0.6316 | 0.6327 |
| Change (%) | -0.73% | -0.29% | -0.02% | - | +0.16% | +0.35% | +0.52% |
| Change | -0.0046 | -0.0018 | -0.0001 | - | +0.0010 | +0.0022 | +0.0033 |
| Level | Minor | Intermediate | Minor | - | 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 | 0.6217 | 0.6242 | 0.6264 | 0.6289 | 0.6311 | 0.6336 | 0.6358 |
| Camarilla | 0.6273 | 0.6277 | 0.6282 | 0.6286 | 0.6290 | 0.6295 | 0.6299 |
| Woodie | 0.6216 | 0.6241 | 0.6263 | 0.6288 | 0.6310 | 0.6335 | 0.6357 |
| Fibonacci | 0.6242 | 0.6260 | 0.6271 | 0.6289 | 0.6307 | 0.6318 | 0.6336 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6171 | 0.6202 | 0.6264 | 0.6295 | 0.6357 | 0.6388 | 0.6450 |
| Camarilla | 0.6299 | 0.6308 | 0.6317 | 0.6325 | 0.6334 | 0.6342 | 0.6351 |
| Woodie | 0.6186 | 0.6210 | 0.6279 | 0.6303 | 0.6372 | 0.6396 | 0.6465 |
| Fibonacci | 0.6202 | 0.6238 | 0.6260 | 0.6295 | 0.6331 | 0.6353 | 0.6388 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 56.16 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 9.3942 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 0.6288 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6283 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 0.6300 | |
| Zig ZAG (10): | 0.6296 | |
| VORTEX (21): | 1.0585 | |
| Stochastique (14,3,5): | 70.16 | |
| TEMA (21): | 0.6294 | |
| Williams %R (14): | -29.03 | |
| Chande Momentum Oscillator (20): | 0.0010 | |
| Repulse (5,40,3): | 0.0729 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0022 | |
| Courbe Coppock: | 0.43 |
| MA7: | 0.6296 | |
| MA20: | 0.6306 | |
| MA50: | 0.6400 | |
| MA100: | 0.6374 | |
| MAexp7: | 0.6293 | |
| MAexp20: | 0.6287 | |
| MAexp50: | 0.6291 | |
| MAexp100: | 0.6295 | |
| Price / MA7: | -0.03% | |
| Price / MA20: | -0.19% | |
| Price / MA50: | -1.66% | |
| Price / MA100: | -1.26% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | -0.02% |
News
The latest news and videos published on NZD/CHF at the time of the analysis were 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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