NZD/HKD - Daily - Technical analysis published on 09/09/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 5.4803 HKD
My targets
5.5620 HKD (+0.0365)
5.6299 HKD (+0.1044)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on NZD/HKD. This is a positive signal for buyers. As long as the price remains above 5.4803 HKD, a purchase could be considered. The first bullish objective is located at 5.5620 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.6299 HKD as an objective. Crossing it would then enable buyers to target 5.7703 HKD. In the event of a return below 5.4803 HKD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.5
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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 5.5255 HKD. The price registered an increase of +0.11% on the session and was between 5.5078 HKD and 5.5286 HKD. This implies that the price is at +0.32% from its lowest and at -0.06% from its highest.5.5078
5.5286
5.5255
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:
Technical
Technical analysis of NZD/HKD in Daily shows an overall bullish trend. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish harami
Type : Bullish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.4256 | 5.4803 | 5.5163 | 5.5255 | 5.5620 | 5.6299 | 5.7703 |
| Change (%) | -1.81% | -0.82% | -0.17% | - | +0.66% | +1.89% | +4.43% |
| Change | -0.0999 | -0.0452 | -0.0092 | - | +0.0365 | +0.1044 | +0.2448 |
| Level | Major | Major | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.4724 | 5.4873 | 5.5033 | 5.5182 | 5.5342 | 5.5491 | 5.5651 |
| Camarilla | 5.5108 | 5.5136 | 5.5165 | 5.5193 | 5.5221 | 5.5250 | 5.5278 |
| Woodie | 5.4730 | 5.4876 | 5.5039 | 5.5185 | 5.5348 | 5.5494 | 5.5657 |
| Fibonacci | 5.4873 | 5.4991 | 5.5064 | 5.5182 | 5.5300 | 5.5373 | 5.5491 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.3474 | 5.3944 | 5.4787 | 5.5257 | 5.6100 | 5.6570 | 5.7413 |
| Camarilla | 5.5270 | 5.5390 | 5.5511 | 5.5631 | 5.5751 | 5.5872 | 5.5992 |
| Woodie | 5.3662 | 5.4037 | 5.4975 | 5.5350 | 5.6288 | 5.6663 | 5.7601 |
| Fibonacci | 5.3944 | 5.4445 | 5.4755 | 5.5257 | 5.5758 | 5.6068 | 5.6570 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.1419 | 5.2218 | 5.3530 | 5.4329 | 5.5641 | 5.6440 | 5.7752 |
| Camarilla | 5.4263 | 5.4456 | 5.4650 | 5.4843 | 5.5037 | 5.5230 | 5.5424 |
| Woodie | 5.1677 | 5.2346 | 5.3788 | 5.4457 | 5.5899 | 5.6568 | 5.8010 |
| Fibonacci | 5.2218 | 5.3024 | 5.3522 | 5.4329 | 5.5135 | 5.5633 | 5.6440 |
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): | 59.07 | |
| MACD (12,26,9): | 0.0268 | |
| Directional Movement: | 9.8341 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 5.5064 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.4469 | |
| Elder Ray (13): | 0.0247 | |
| Super Trend (3,10): | 5.4212 | |
| Zig ZAG (10): | 5.5202 | |
| VORTEX (21): | 1.0722 | |
| Stochastique (14,3,5): | 79.60 | |
| TEMA (21): | 5.5327 | |
| Williams %R (14): | -20.55 | |
| Chande Momentum Oscillator (20): | 0.1168 | |
| Repulse (5,40,3): | 0.0339 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0388 | |
| Courbe Coppock: | 4.95 |
| MA7: | 5.5265 | |
| MA20: | 5.4516 | |
| MA50: | 5.4435 | |
| MA100: | 5.5028 | |
| MAexp7: | 5.5138 | |
| MAexp20: | 5.4773 | |
| MAexp50: | 5.4655 | |
| MAexp100: | 5.4789 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | +1.36% | |
| Price / MA50: | +1.51% | |
| Price / MA100: | +0.41% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.88% | |
| Price / MAexp50: | +1.10% | |
| Price / MAexp100: | +0.85% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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