NZD/HKD - 1H - Technical analysis published on 12/18/2019 (GMT)
- Who voted?
- 172
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
89%
0%
11%
My opinion
Bearish under 5.1311 HKD
My targets
5.1131 HKD (-0.0083)
5.1024 HKD (-0.0190)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 5.1311 HKD remains possible. It is advisable to trade NZD/HKD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 5.1311 HKD. The next bearish objective for sellers is set at 5.1131 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.1024 HKD. In case of crossing, the next objective would be the support located at 5.0454 HKD. PS: if there is a bullish break in the resistance located at 5.1311 HKD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
0
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/HKD price is 5.1214 HKD. The price registered an increase of +0.13% on the session with the lowest point at 5.1035 HKD and the highest point at 5.1339 HKD. The deviation from the price is +0.35% for the low point and -0.24% for the high point.5.1035
5.1339
5.1214
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 (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/HKD indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance 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 | 5.0454 | 5.1024 | 5.1131 | 5.1214 | 5.1311 | 5.1415 | 5.1475 |
| Change (%) | -1.48% | -0.37% | -0.16% | - | +0.19% | +0.39% | +0.51% |
| Change | -0.0760 | -0.0190 | -0.0083 | - | +0.0097 | +0.0201 | +0.0261 |
| Level | Major | Intermediate | 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 | 5.0694 | 5.0913 | 5.1029 | 5.1248 | 5.1364 | 5.1583 | 5.1699 |
| Camarilla | 5.1054 | 5.1085 | 5.1115 | 5.1146 | 5.1177 | 5.1207 | 5.1238 |
| Woodie | 5.0644 | 5.0887 | 5.0979 | 5.1222 | 5.1314 | 5.1557 | 5.1649 |
| Fibonacci | 5.0913 | 5.1041 | 5.1120 | 5.1248 | 5.1376 | 5.1455 | 5.1583 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0256 | 5.0640 | 5.1028 | 5.1412 | 5.1800 | 5.2184 | 5.2572 |
| Camarilla | 5.1205 | 5.1276 | 5.1346 | 5.1417 | 5.1488 | 5.1559 | 5.1629 |
| Woodie | 5.0259 | 5.0641 | 5.1031 | 5.1413 | 5.1803 | 5.2185 | 5.2575 |
| Fibonacci | 5.0640 | 5.0935 | 5.1117 | 5.1412 | 5.1707 | 5.1889 | 5.2184 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8386 | 4.8929 | 4.9595 | 5.0138 | 5.0804 | 5.1347 | 5.2013 |
| Camarilla | 4.9929 | 5.0039 | 5.0150 | 5.0261 | 5.0372 | 5.0483 | 5.0594 |
| Woodie | 4.8448 | 4.8960 | 4.9657 | 5.0169 | 5.0866 | 5.1378 | 5.2075 |
| Fibonacci | 4.8929 | 4.9391 | 4.9676 | 5.0138 | 5.0600 | 5.0885 | 5.1347 |
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): | 57.94 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 14.9531 | |
| AROON (14): | 85.7142 | |
| DEMA (21): | 5.1169 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.1148 | |
| Elder Ray (13): | 0.0085 | |
| Super Trend (3,10): | 5.1061 | |
| Zig ZAG (10): | 5.1251 | |
| VORTEX (21): | 1.0668 | |
| Stochastique (14,3,5): | 78.82 | |
| TEMA (21): | 5.1211 | |
| Williams %R (14): | -31.58 | |
| Chande Momentum Oscillator (20): | 0.0160 | |
| Repulse (5,40,3): | 0.0056 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0074 | |
| Courbe Coppock: | 0.35 |
| MA7: | 5.1345 | |
| MA20: | 5.0897 | |
| MA50: | 5.0321 | |
| MA100: | 5.0141 | |
| MAexp7: | 5.1209 | |
| MAexp20: | 5.1181 | |
| MAexp50: | 5.1228 | |
| MAexp100: | 5.1279 | |
| Price / MA7: | -0.26% | |
| Price / MA20: | +0.62% | |
| Price / MA50: | +1.77% | |
| Price / MA100: | +2.14% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.13% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis NZD/HKD - 1H