NZD/CHF - 1H - Technical analysis published on 03/04/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 0.6012 CHF
My targets
0.5975 CHF (-0.0022)
0.5935 CHF (-0.0062)
My analysis
NZD/CHF is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.6012 CHF. The next support located at 0.5975 CHF is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.5935 CHF. Below this support, sellers could then target 0.5883 CHF. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.7
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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 0.5997 CHF. The price registered a decrease of +0.08% on the session and was traded between 0.5991 CHF and 0.6034 CHF over the period. The price is currently at +0.10% from its lowest and -0.61% from its highest.0.5991
0.6034
0.5997
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/CHF:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NZD/CHF in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.5883 | 0.5975 | 0.5997 | 0.6012 | 0.6056 | 0.6121 |
| Change (%) | -1.90% | -0.37% | - | +0.25% | +0.98% | +2.07% |
| Change | -0.0114 | -0.0022 | - | +0.0015 | +0.0059 | +0.0124 |
| Level | Intermediate | Major | - | Minor | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5916 | 0.5950 | 0.5971 | 0.6005 | 0.6026 | 0.6060 | 0.6081 |
| Camarilla | 0.5977 | 0.5982 | 0.5987 | 0.5992 | 0.5997 | 0.6002 | 0.6007 |
| Woodie | 0.5910 | 0.5947 | 0.5965 | 0.6002 | 0.6020 | 0.6057 | 0.6075 |
| Fibonacci | 0.5950 | 0.5971 | 0.5984 | 0.6005 | 0.6026 | 0.6039 | 0.6060 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5703 | 0.5848 | 0.5935 | 0.6080 | 0.6167 | 0.6312 | 0.6399 |
| Camarilla | 0.5959 | 0.5981 | 0.6002 | 0.6023 | 0.6044 | 0.6066 | 0.6087 |
| Woodie | 0.5675 | 0.5834 | 0.5907 | 0.6066 | 0.6139 | 0.6298 | 0.6371 |
| Fibonacci | 0.5848 | 0.5936 | 0.5991 | 0.6080 | 0.6168 | 0.6223 | 0.6312 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5561 | 0.5776 | 0.5900 | 0.6115 | 0.6239 | 0.6454 | 0.6578 |
| Camarilla | 0.5930 | 0.5961 | 0.5992 | 0.6023 | 0.6054 | 0.6085 | 0.6116 |
| Woodie | 0.5515 | 0.5753 | 0.5854 | 0.6092 | 0.6193 | 0.6431 | 0.6532 |
| Fibonacci | 0.5776 | 0.5906 | 0.5986 | 0.6115 | 0.6245 | 0.6325 | 0.6454 |
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): | 44.28 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -0.1727 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 0.6011 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.5995 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 0.6041 | |
| Zig ZAG (10): | 0.5997 | |
| VORTEX (21): | 0.9686 | |
| Stochastique (14,3,5): | 15.04 | |
| TEMA (21): | 0.6008 | |
| Williams %R (14): | -87.18 | |
| Chande Momentum Oscillator (20): | -0.0008 | |
| Repulse (5,40,3): | -0.2656 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0029 | |
| Courbe Coppock: | 0.04 |
| MA7: | 0.6063 | |
| MA20: | 0.6198 | |
| MA50: | 0.6325 | |
| MA100: | 0.6357 | |
| MAexp7: | 0.6006 | |
| MAexp20: | 0.6010 | |
| MAexp50: | 0.6013 | |
| MAexp100: | 0.6036 | |
| Price / MA7: | -1.09% | |
| Price / MA20: | -3.24% | |
| Price / MA50: | -5.19% | |
| Price / MA100: | -5.66% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.27% | |
| Price / MAexp100: | -0.65% |
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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