NZD/HKD - 1H - Technical analysis published on 07/26/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
56%
22%
My opinion
Bearish under 5.4256 HKD
My targets
5.3887 HKD (-0.0201)
5.3492 HKD (-0.0596)
My analysis
The strong short-term decline in NZD/HKD calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 5.4256 HKD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 5.3887 HKD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5.3492 HKD as an objective. Crossing it would then enable sellers to target 5.3184 HKD. Be careful, a return to above 5.4256 HKD could jeopardize the reversal.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
1.8
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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 5.4088 HKD. The price registered a decrease of -0.30% on the session with the lowest point at 5.4080 HKD and the highest point at 5.4278 HKD. The deviation from the price is +0.01% for the low point and -0.35% for the high point.5.4080
5.4278
5.4088
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
Here is a more detailed summary of the historical variations registered by NZD/HKD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/HKD chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.3184 | 5.3492 | 5.3887 | 5.4088 | 5.4098 | 5.4256 | 5.4615 |
| Change (%) | -1.67% | -1.10% | -0.37% | - | +0.02% | +0.31% | +0.97% |
| Change | -0.0904 | -0.0596 | -0.0201 | - | +0.0010 | +0.0168 | +0.0527 |
| Level | Major | Minor | Minor | - | Intermediate | Major | 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 | 5.3892 | 5.3992 | 5.4121 | 5.4221 | 5.4350 | 5.4450 | 5.4579 |
| Camarilla | 5.4186 | 5.4207 | 5.4228 | 5.4249 | 5.4270 | 5.4291 | 5.4312 |
| Woodie | 5.3906 | 5.3999 | 5.4135 | 5.4228 | 5.4364 | 5.4457 | 5.4593 |
| Fibonacci | 5.3992 | 5.4080 | 5.4134 | 5.4221 | 5.4309 | 5.4363 | 5.4450 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.2777 | 5.3134 | 5.3692 | 5.4049 | 5.4607 | 5.4964 | 5.5522 |
| Camarilla | 5.3997 | 5.4081 | 5.4165 | 5.4249 | 5.4333 | 5.4417 | 5.4501 |
| Woodie | 5.2877 | 5.3184 | 5.3792 | 5.4099 | 5.4707 | 5.5014 | 5.5622 |
| Fibonacci | 5.3134 | 5.3484 | 5.3700 | 5.4049 | 5.4399 | 5.4615 | 5.4964 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0376 | 5.2060 | 5.3190 | 5.4874 | 5.6004 | 5.7688 | 5.8818 |
| Camarilla | 5.3546 | 5.3804 | 5.4062 | 5.4320 | 5.4578 | 5.4836 | 5.5094 |
| Woodie | 5.0099 | 5.1922 | 5.2913 | 5.4736 | 5.5727 | 5.7550 | 5.8541 |
| Fibonacci | 5.2060 | 5.3135 | 5.3799 | 5.4874 | 5.5949 | 5.6613 | 5.7688 |
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): | 45.02 | |
| MACD (12,26,9): | -0.0014 | |
| Directional Movement: | -0.0948 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 5.4171 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.4265 | |
| Elder Ray (13): | -0.0035 | |
| Super Trend (3,10): | 5.4000 | |
| Zig ZAG (10): | 5.4126 | |
| VORTEX (21): | 0.9240 | |
| Stochastique (14,3,5): | 27.69 | |
| TEMA (21): | 5.4136 | |
| Williams %R (14): | -88.21 | |
| Chande Momentum Oscillator (20): | -0.0142 | |
| Repulse (5,40,3): | -0.0282 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0009 | |
| Courbe Coppock: | 0.29 |
| MA7: | 5.4107 | |
| MA20: | 5.4269 | |
| MA50: | 5.5012 | |
| MA100: | 5.5244 | |
| MAexp7: | 5.4156 | |
| MAexp20: | 5.4181 | |
| MAexp50: | 5.4160 | |
| MAexp100: | 5.4128 | |
| Price / MA7: | -0.04% | |
| Price / MA20: | -0.33% | |
| Price / MA50: | -1.68% | |
| Price / MA100: | -2.09% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -0.07% |
Quotes :
-
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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