NZD/HKD - 1H - Technical analysis published on 10/15/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 5.1596 HKD
My targets
5.1150 HKD (-0.0271)
5.0963 HKD (-0.0458)
My analysis
The strong short-term decline of NZD/HKD reinforces the current slightly bearish trend. As long as the price remains below 5.1596 HKD, you could take advantage of this bearish acceleration. The first bearish objective is located at 5.1150 HKD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5.0963 HKD as an objective. Crossing it would then enable sellers to target 5.0739 HKD. A return to above 5.1596 HKD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
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/HKD rating is 5.1421 HKD. On the day, this instrument lost -0.32% and was between 5.1413 HKD and 5.1638 HKD. This implies that the price is at +0.02% from its lowest and at -0.42% from its highest.5.1413
5.1638
5.1421
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/HKD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/HKD indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.0963 | 5.1150 | 5.1404 | 5.1421 | 5.1596 | 5.1699 | 5.1785 |
| Change (%) | -0.89% | -0.53% | -0.03% | - | +0.34% | +0.54% | +0.71% |
| Change | -0.0458 | -0.0271 | -0.0017 | - | +0.0175 | +0.0278 | +0.0364 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.1186 | 5.1346 | 5.1465 | 5.1625 | 5.1744 | 5.1904 | 5.2023 |
| Camarilla | 5.1507 | 5.1533 | 5.1558 | 5.1584 | 5.1610 | 5.1635 | 5.1661 |
| Woodie | 5.1166 | 5.1336 | 5.1445 | 5.1615 | 5.1724 | 5.1894 | 5.2003 |
| Fibonacci | 5.1346 | 5.1453 | 5.1518 | 5.1625 | 5.1732 | 5.1797 | 5.1904 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0067 | 5.0403 | 5.1052 | 5.1388 | 5.2037 | 5.2373 | 5.3022 |
| Camarilla | 5.1430 | 5.1520 | 5.1611 | 5.1701 | 5.1791 | 5.1882 | 5.1972 |
| Woodie | 5.0224 | 5.0481 | 5.1209 | 5.1466 | 5.2194 | 5.2451 | 5.3179 |
| Fibonacci | 5.0403 | 5.0779 | 5.1012 | 5.1388 | 5.1764 | 5.1997 | 5.2373 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8074 | 4.9271 | 5.0291 | 5.1488 | 5.2508 | 5.3705 | 5.4725 |
| Camarilla | 5.0702 | 5.0906 | 5.1109 | 5.1312 | 5.1515 | 5.1718 | 5.1922 |
| Woodie | 4.7987 | 4.9227 | 5.0204 | 5.1444 | 5.2421 | 5.3661 | 5.4638 |
| Fibonacci | 4.9271 | 5.0118 | 5.0641 | 5.1488 | 5.2335 | 5.2858 | 5.3705 |
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): | 41.98 | |
| MACD (12,26,9): | -0.0023 | |
| Directional Movement: | -4.5896 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 5.1543 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.1670 | |
| Elder Ray (13): | -0.0048 | |
| Super Trend (3,10): | 5.1465 | |
| Zig ZAG (10): | 5.1475 | |
| VORTEX (21): | 0.9070 | |
| Stochastique (14,3,5): | 15.87 | |
| TEMA (21): | 5.1503 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.0132 | |
| Repulse (5,40,3): | -0.2020 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0023 | |
| Courbe Coppock: | 0.50 |
| MA7: | 5.1401 | |
| MA20: | 5.1325 | |
| MA50: | 5.1403 | |
| MA100: | 5.0986 | |
| MAexp7: | 5.1511 | |
| MAexp20: | 5.1565 | |
| MAexp50: | 5.1563 | |
| MAexp100: | 5.1508 | |
| Price / MA7: | +0.04% | |
| Price / MA20: | +0.19% | |
| Price / MA50: | +0.04% | |
| Price / MA100: | +0.85% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.28% | |
| Price / MAexp50: | -0.28% | |
| Price / MAexp100: | -0.17% |
Quotes :
2020-10-15 06:48:47
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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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