NZD/HKD - 1H - Technical analysis published on 02/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 5.0454 HKD
My targets
5.0123 HKD (-0.0113)
4.9533 HKD (-0.0703)
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 5.0454 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 5.0454 HKD. The next bearish objective for sellers is set at 5.0123 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.9533 HKD. In case of crossing, the next objective would be the support located at 4.8960 HKD. PS: if there is a bullish break in the resistance located at 5.0454 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.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
0.5
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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 5.0236 HKD. On the day, this instrument lost +0.07% and was traded between 5.0116 HKD and 5.0296 HKD over the period. The price is currently at +0.24% from its lowest and -0.12% from its highest.5.0116
5.0296
5.0236
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/HKD chart shows a bearish trend. 71.43% 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 a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.8960 | 4.9533 | 5.0123 | 5.0236 | 5.0454 | 5.0949 | 5.1242 |
| Change (%) | -2.54% | -1.40% | -0.22% | - | +0.43% | +1.42% | +2.00% |
| Change | -0.1276 | -0.0703 | -0.0113 | - | +0.0218 | +0.0713 | +0.1006 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9728 | 4.9926 | 5.0063 | 5.0261 | 5.0398 | 5.0596 | 5.0733 |
| Camarilla | 5.0109 | 5.0140 | 5.0170 | 5.0201 | 5.0232 | 5.0262 | 5.0293 |
| Woodie | 4.9699 | 4.9911 | 5.0034 | 5.0246 | 5.0369 | 5.0581 | 5.0704 |
| Fibonacci | 4.9926 | 5.0054 | 5.0133 | 5.0261 | 5.0389 | 5.0468 | 5.0596 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8588 | 4.9356 | 4.9778 | 5.0546 | 5.0968 | 5.1736 | 5.2158 |
| Camarilla | 4.9874 | 4.9983 | 5.0092 | 5.0201 | 5.0310 | 5.0419 | 5.0528 |
| Woodie | 4.8416 | 4.9270 | 4.9606 | 5.0460 | 5.0796 | 5.1650 | 5.1986 |
| Fibonacci | 4.9356 | 4.9810 | 5.0091 | 5.0546 | 5.1000 | 5.1281 | 5.1736 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6976 | 4.8550 | 4.9375 | 5.0949 | 5.1774 | 5.3348 | 5.4173 |
| Camarilla | 4.9541 | 4.9761 | 4.9981 | 5.0201 | 5.0421 | 5.0641 | 5.0861 |
| Woodie | 4.6603 | 4.8363 | 4.9002 | 5.0762 | 5.1401 | 5.3161 | 5.3800 |
| Fibonacci | 4.8550 | 4.9466 | 5.0032 | 5.0949 | 5.1865 | 5.2431 | 5.3348 |
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): | 48.56 | |
| MACD (12,26,9): | -0.0015 | |
| Directional Movement: | -2.8697 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 5.0202 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.0283 | |
| Elder Ray (13): | 0.0025 | |
| Super Trend (3,10): | 5.0380 | |
| Zig ZAG (10): | 5.0236 | |
| VORTEX (21): | 1.0305 | |
| Stochastique (14,3,5): | 67.22 | |
| TEMA (21): | 5.0232 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | 0.0048 | |
| Repulse (5,40,3): | -0.0090 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0066 | |
| Courbe Coppock: | 0.12 |
| MA7: | 5.0660 | |
| MA20: | 5.1165 | |
| MA50: | 5.1325 | |
| MA100: | 5.0534 | |
| MAexp7: | 5.0226 | |
| MAexp20: | 5.0228 | |
| MAexp50: | 5.0308 | |
| MAexp100: | 5.0477 | |
| Price / MA7: | -0.84% | |
| Price / MA20: | -1.82% | |
| Price / MA50: | -2.12% | |
| Price / MA100: | -0.59% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.48% |
This member declared not having a position on this financial instrument or a related financial instrument.
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