NZD/CHF - 1H - Technical analysis published on 03/18/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 0.5683 CHF
My targets
0.5561 CHF (-0.0070)
0.5530 CHF (-0.0101)
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 0.5683 CHF. The next support located at 0.5561 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 0.5530 CHF. Below this support, sellers could then target 0.5510 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
7.3
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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 0.5631 CHF. On the day, this instrument lost -1.35% and was traded between 0.5605 CHF and 0.5725 CHF over the period. The price is currently at +0.46% from its lowest and -1.64% from its highest.0.5605
0.5725
0.5631
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in 1H of this NZD/CHF chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
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:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle 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 | 0.5510 | 0.5631 | 0.5683 | 0.5765 | 0.5883 |
| Change (%) | -2.15% | - | +0.92% | +2.38% | +4.48% |
| Change | -0.0121 | - | +0.0052 | +0.0134 | +0.0252 |
| Level | Minor | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5557 | 0.5620 | 0.5664 | 0.5727 | 0.5771 | 0.5834 | 0.5878 |
| Camarilla | 0.5679 | 0.5688 | 0.5698 | 0.5708 | 0.5718 | 0.5728 | 0.5737 |
| Woodie | 0.5548 | 0.5615 | 0.5655 | 0.5722 | 0.5762 | 0.5829 | 0.5869 |
| Fibonacci | 0.5620 | 0.5661 | 0.5686 | 0.5727 | 0.5768 | 0.5793 | 0.5834 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5063 | 0.5286 | 0.5530 | 0.5753 | 0.5997 | 0.6220 | 0.6464 |
| Camarilla | 0.5645 | 0.5687 | 0.5730 | 0.5773 | 0.5816 | 0.5859 | 0.5901 |
| Woodie | 0.5073 | 0.5291 | 0.5540 | 0.5758 | 0.6007 | 0.6225 | 0.6474 |
| Fibonacci | 0.5286 | 0.5465 | 0.5575 | 0.5753 | 0.5932 | 0.6042 | 0.6220 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 30.95 | |
| MACD (12,26,9): | -0.0024 | |
| Directional Movement: | -15.5254 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 0.5652 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.5703 | |
| Elder Ray (13): | -0.0035 | |
| Super Trend (3,10): | 0.5706 | |
| Zig ZAG (10): | 0.5623 | |
| VORTEX (21): | 0.8339 | |
| Stochastique (14,3,5): | 18.61 | |
| TEMA (21): | 0.5636 | |
| Williams %R (14): | -85.83 | |
| Chande Momentum Oscillator (20): | -0.0095 | |
| Repulse (5,40,3): | -0.3672 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0370 | |
| Courbe Coppock: | 2.31 |
| MA7: | 0.5765 | |
| MA20: | 0.5965 | |
| MA50: | 0.6189 | |
| MA100: | 0.6307 | |
| MAexp7: | 0.5647 | |
| MAexp20: | 0.5680 | |
| MAexp50: | 0.5710 | |
| MAexp100: | 0.5748 | |
| Price / MA7: | -2.32% | |
| Price / MA20: | -5.60% | |
| Price / MA50: | -9.02% | |
| Price / MA100: | -10.72% | |
| Price / MAexp7: | -0.28% | |
| Price / MAexp20: | -0.86% | |
| Price / MAexp50: | -1.38% | |
| Price / MAexp100: | -2.04% |
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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