NZD/HKD - 1H - Technical analysis published on 11/14/2019 (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%
78%
6%
My opinion
Bearish under 4.9976 HKD
My targets
4.9757 HKD (-0.24%)
4.9500 HKD (-0.75%)
My analysis
The strong short-term decrease of NZD/HKD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 4.9976 HKD, a sale could be considered. The first bearish objective is located at 4.9757 HKD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 4.9500 HKD. If there is any crossing, the next objective would be support 4.8960 HKD. Caution, if there is a return to above 4.9976 HKD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
3.8
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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 4.9876 HKD. The price registered a decrease of -0.68% on the session with the lowest point at 4.9831 HKD and the highest point at 5.0249 HKD. The deviation from the price is +0.09% for the low point and -0.74% for the high point.4.9831
5.0249
4.9876
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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
Technical
Technical analysis of NZD/HKD in 1H shows a neutral overall trend. 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 signals that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is high given the direction of the technical indicators.
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
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
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 | 4.8960 | 4.9500 | 4.9757 | 4.9876 | 4.9976 | 5.0070 | 5.0232 |
| Change (%) | -1.84% | -0.75% | -0.24% | - | +0.20% | +0.39% | +0.71% |
| Change | -0.0916 | -0.0376 | -0.0119 | - | +0.0100 | +0.0194 | +0.0356 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Major |
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 | 4.9092 | 4.9328 | 4.9773 | 5.0009 | 5.0454 | 5.0690 | 5.1135 |
| Camarilla | 5.0032 | 5.0094 | 5.0157 | 5.0219 | 5.0281 | 5.0344 | 5.0406 |
| Woodie | 4.9198 | 4.9380 | 4.9879 | 5.0061 | 5.0560 | 5.0742 | 5.1241 |
| Fibonacci | 4.9328 | 4.9588 | 4.9749 | 5.0009 | 5.0269 | 5.0430 | 5.0690 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7900 | 4.8686 | 4.9109 | 4.9895 | 5.0318 | 5.1104 | 5.1527 |
| Camarilla | 4.9200 | 4.9310 | 4.9421 | 4.9532 | 4.9643 | 4.9754 | 4.9865 |
| Woodie | 4.7719 | 4.8595 | 4.8928 | 4.9804 | 5.0137 | 5.1013 | 5.1346 |
| Fibonacci | 4.8686 | 4.9148 | 4.9433 | 4.9895 | 5.0357 | 5.0642 | 5.1104 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7280 | 4.7965 | 4.9112 | 4.9797 | 5.0944 | 5.1629 | 5.2776 |
| Camarilla | 4.9755 | 4.9923 | 5.0091 | 5.0259 | 5.0427 | 5.0595 | 5.0763 |
| Woodie | 4.7511 | 4.8081 | 4.9343 | 4.9913 | 5.1175 | 5.1745 | 5.3007 |
| Fibonacci | 4.7965 | 4.8665 | 4.9097 | 4.9797 | 5.0497 | 5.0929 | 5.1629 |
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): | 35.02 | |
| MACD (12,26,9): | -0.0030 | |
| Directional Movement: | -12.3757 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 4.9995 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.0037 | |
| Elder Ray (13): | -0.0116 | |
| Super Trend (3,10): | 5.0116 | |
| Zig ZAG (10): | 4.9890 | |
| VORTEX (21): | 0.7975 | |
| Stochastique (14,3,5): | 13.98 | |
| TEMA (21): | 4.9916 | |
| Williams %R (14): | -84.10 | |
| Chande Momentum Oscillator (20): | -0.0163 | |
| Repulse (5,40,3): | -0.1476 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0003 | |
| Courbe Coppock: | 0.64 |
| MA7: | 4.9820 | |
| MA20: | 5.0001 | |
| MA50: | 4.9738 | |
| MA100: | 5.0472 | |
| MAexp7: | 4.9976 | |
| MAexp20: | 5.0012 | |
| MAexp50: | 4.9976 | |
| MAexp100: | 4.9918 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | -0.25% | |
| Price / MA50: | +0.28% | |
| Price / MA100: | -1.18% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.08% |
This member declared not having a position on this financial instrument or a related financial instrument.
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