NZD/HKD - 1H - Technical analysis published on 05/29/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
17%
61%
22%
My opinion
Bearish under 4.8125 HKD
My targets
4.7613 HKD (-0.0260)
4.7422 HKD (-0.0451)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for NZD/HKD as long as the price remains well below 4.8125 HKD. The sellers” bearish objective is set at 4.7613 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.7422 HKD. If there is any crossing, the next objective would be the support located at 4.7159 HKD.
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
2.5
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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
NZD/HKD rating 4.7873 HKD. On the day, this instrument lost -0.38% and was traded between 4.7855 HKD and 4.8384 HKD over the period. The price is currently at +0.04% from its lowest and -1.06% from its highest.4.7855
4.8384
4.7873
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/HKD indicates that the overall trend is not clearly defined. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.7422 | 4.7613 | 4.7841 | 4.7873 | 4.8125 | 4.8288 | 4.8960 |
| Change (%) | -0.94% | -0.54% | -0.07% | - | +0.53% | +0.87% | +2.27% |
| Change | -0.0451 | -0.0260 | -0.0032 | - | +0.0252 | +0.0415 | +0.1087 |
| Level | Minor | Major | Minor | - | Minor | Major | 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 | 4.7386 | 4.7614 | 4.7834 | 4.8062 | 4.8282 | 4.8510 | 4.8730 |
| Camarilla | 4.7932 | 4.7973 | 4.8014 | 4.8055 | 4.8096 | 4.8137 | 4.8178 |
| Woodie | 4.7383 | 4.7612 | 4.7831 | 4.8060 | 4.8279 | 4.8508 | 4.8727 |
| Fibonacci | 4.7614 | 4.7785 | 4.7891 | 4.8062 | 4.8233 | 4.8339 | 4.8510 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4428 | 4.5176 | 4.6222 | 4.6970 | 4.8016 | 4.8764 | 4.9810 |
| Camarilla | 4.6775 | 4.6939 | 4.7104 | 4.7268 | 4.7432 | 4.7597 | 4.7761 |
| Woodie | 4.4577 | 4.5251 | 4.6371 | 4.7045 | 4.8165 | 4.8839 | 4.9959 |
| Fibonacci | 4.5176 | 4.5861 | 4.6285 | 4.6970 | 4.7655 | 4.8079 | 4.8764 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3290 | 4.4297 | 4.5865 | 4.6872 | 4.8440 | 4.9447 | 5.1015 |
| Camarilla | 4.6725 | 4.6961 | 4.7197 | 4.7433 | 4.7669 | 4.7905 | 4.8141 |
| Woodie | 4.3571 | 4.4437 | 4.6146 | 4.7012 | 4.8721 | 4.9587 | 5.1296 |
| Fibonacci | 4.4297 | 4.5281 | 4.5888 | 4.6872 | 4.7856 | 4.8463 | 4.9447 |
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): | 41.38 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | -6.9363 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 4.8124 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.8368 | |
| Elder Ray (13): | -0.0168 | |
| Super Trend (3,10): | 4.7927 | |
| Zig ZAG (10): | 4.7950 | |
| VORTEX (21): | 0.9437 | |
| Stochastique (14,3,5): | 13.00 | |
| TEMA (21): | 4.8051 | |
| Williams %R (14): | -84.51 | |
| Chande Momentum Oscillator (20): | -0.0197 | |
| Repulse (5,40,3): | -0.3909 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0058 | |
| Courbe Coppock: | 0.09 |
| MA7: | 4.7727 | |
| MA20: | 4.7208 | |
| MA50: | 4.6744 | |
| MA100: | 4.8099 | |
| MAexp7: | 4.8038 | |
| MAexp20: | 4.8113 | |
| MAexp50: | 4.8056 | |
| MAexp100: | 4.7910 | |
| Price / MA7: | +0.31% | |
| Price / MA20: | +1.41% | |
| Price / MA50: | +2.42% | |
| Price / MA100: | -0.47% | |
| Price / MAexp7: | -0.34% | |
| Price / MAexp20: | -0.50% | |
| Price / MAexp50: | -0.38% | |
| Price / MAexp100: | -0.08% |
Quotes :
2020-05-29 16:31:18
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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