NZD/HKD - 1H - Technical analysis published on 02/20/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 4.9532 HKD
My targets
4.8960 HKD (-0.0316)
4.8555 HKD (-0.0721)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NZD/HKD as long as the price remains well below 4.9532 HKD. The sellers” bearish objective is set at 4.8960 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.8555 HKD. In case of crossing, the next objective would be the support located at 3.8223 HKD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
6.1
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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 price is 4.9276 HKD. The price is lower by -0.78% since the last closing with the lowest point at 4.9217 HKD and the highest point at 4.9706 HKD. The deviation from the price is +0.12% for the low point and -0.87% for the high point.4.9217
4.9706
4.9276
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/HKD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/HKD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 6 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.8223 | 4.8555 | 4.8960 | 4.9276 | 4.9532 | 4.9610 | 4.9824 |
| Change (%) | -22.43% | -1.46% | -0.64% | - | +0.52% | +0.68% | +1.11% |
| Change | -1.1053 | -0.0721 | -0.0316 | - | +0.0256 | +0.0334 | +0.0548 |
| Level | Minor | Major | Minor | - | Major | Major | 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 | 4.9198 | 4.9356 | 4.9509 | 4.9667 | 4.9820 | 4.9978 | 5.0131 |
| Camarilla | 4.9576 | 4.9604 | 4.9633 | 4.9661 | 4.9690 | 4.9718 | 4.9747 |
| Woodie | 4.9195 | 4.9355 | 4.9506 | 4.9666 | 4.9817 | 4.9977 | 5.0128 |
| Fibonacci | 4.9356 | 4.9475 | 4.9549 | 4.9667 | 4.9786 | 4.9860 | 4.9978 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8669 | 4.9101 | 4.9532 | 4.9964 | 5.0395 | 5.0827 | 5.1258 |
| Camarilla | 4.9727 | 4.9806 | 4.9885 | 4.9964 | 5.0043 | 5.0122 | 5.0201 |
| Woodie | 4.8670 | 4.9101 | 4.9533 | 4.9964 | 5.0396 | 5.0827 | 5.1259 |
| Fibonacci | 4.9101 | 4.9430 | 4.9634 | 4.9964 | 5.0293 | 5.0497 | 5.0827 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 38.59 | |
| MACD (12,26,9): | -0.0076 | |
| Directional Movement: | -8.9887 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 4.9307 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.9221 | |
| Elder Ray (13): | -0.0028 | |
| Super Trend (3,10): | 4.9535 | |
| Zig ZAG (10): | 4.9379 | |
| VORTEX (21): | 0.9077 | |
| Stochastique (14,3,5): | 36.31 | |
| TEMA (21): | 4.9303 | |
| Williams %R (14): | -28.08 | |
| Chande Momentum Oscillator (20): | -0.0041 | |
| Repulse (5,40,3): | 0.1808 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0224 | |
| Courbe Coppock: | 0.72 |
| MA7: | 4.9828 | |
| MA20: | 5.0161 | |
| MA50: | 5.1050 | |
| MA100: | 5.0610 | |
| MAexp7: | 4.9363 | |
| MAexp20: | 4.9411 | |
| MAexp50: | 4.9542 | |
| MAexp100: | 4.9673 | |
| Price / MA7: | -1.11% | |
| Price / MA20: | -1.76% | |
| Price / MA50: | -3.48% | |
| Price / MA100: | -2.64% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | -0.54% | |
| Price / MAexp100: | -0.80% |
This member declared not having a position on this financial instrument or a related financial instrument.
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