Londinia Opportunities Analyses - 05/26/2023 (GMT) NZD/HKD - 1H
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
61%
33%
My opinion
Bearish under 4.7873 HKD
My targets
4.6769 HKD (-0.0594)
4.6194 HKD (-0.1169)
My analysis
NZD/HKD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 4.7873 HKD. The next support located at 4.6769 HKD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 4.6194 HKD. Below this support, sellers could then target 4.5312 HKD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.9
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The NZD/HKD price is 4.7363 HKD. The price is lower by -0.13% since the last closing and was traded between 4.7261 HKD and 4.7768 HKD over the period. The price is currently at +0.22% from its lowest and -0.85% from its highest.4.7261
4.7768
4.7363
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
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/HKD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near horizontal support
Type : Bullish
Timeframe : 1 hour
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 | 4.5312 | 4.6194 | 4.7350 | 4.7363 | 4.7892 | 4.8555 | 4.8802 |
| Change (%) | -4.33% | -2.47% | -0.03% | - | +1.12% | +2.52% | +3.04% |
| Change | -0.2051 | -0.1169 | -0.0013 | - | +0.0529 | +0.1192 | +0.1439 |
| Level | Minor | Minor | Intermediate | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6801 | 4.7075 | 4.7251 | 4.7525 | 4.7701 | 4.7975 | 4.8151 |
| Camarilla | 4.7302 | 4.7344 | 4.7385 | 4.7426 | 4.7467 | 4.7509 | 4.7550 |
| Woodie | 4.6751 | 4.7051 | 4.7201 | 4.7501 | 4.7651 | 4.7951 | 4.8101 |
| Fibonacci | 4.7075 | 4.7247 | 4.7353 | 4.7525 | 4.7697 | 4.7803 | 4.7975 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7873 | 4.8200 | 4.8624 | 4.8951 | 4.9375 | 4.9702 | 5.0126 |
| Camarilla | 4.8843 | 4.8911 | 4.8980 | 4.9049 | 4.9118 | 4.9187 | 4.9256 |
| Woodie | 4.7923 | 4.8224 | 4.8674 | 4.8975 | 4.9425 | 4.9726 | 5.0176 |
| Fibonacci | 4.8200 | 4.8487 | 4.8664 | 4.8951 | 4.9238 | 4.9415 | 4.9702 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.5561 | 4.6769 | 4.7648 | 4.8856 | 4.9735 | 5.0943 | 5.1822 |
| Camarilla | 4.7952 | 4.8143 | 4.8335 | 4.8526 | 4.8717 | 4.8909 | 4.9100 |
| Woodie | 4.5396 | 4.6687 | 4.7483 | 4.8774 | 4.9570 | 5.0861 | 5.1657 |
| Fibonacci | 4.6769 | 4.7567 | 4.8059 | 4.8856 | 4.9654 | 5.0146 | 5.0943 |
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): | 40.24 | |
| MACD (12,26,9): | -0.0069 | |
| Directional Movement: | -8.6890 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 4.7370 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.7567 | |
| Elder Ray (13): | -0.0069 | |
| Super Trend (3,10): | 4.7639 | |
| Zig ZAG (10): | 4.7355 | |
| VORTEX (21): | 0.9716 | |
| Stochastique (14,3,5): | 18.54 | |
| TEMA (21): | 4.7380 | |
| Williams %R (14): | -78.30 | |
| Chande Momentum Oscillator (20): | -0.0209 | |
| Repulse (5,40,3): | -0.0577 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0139 | |
| Courbe Coppock: | 0.79 |
| MA7: | 4.8375 | |
| MA20: | 4.8862 | |
| MA50: | 4.8825 | |
| MA100: | 4.9150 | |
| MAexp7: | 4.7382 | |
| MAexp20: | 4.7459 | |
| MAexp50: | 4.7644 | |
| MAexp100: | 4.7969 | |
| Price / MA7: | -2.09% | |
| Price / MA20: | -3.07% | |
| Price / MA50: | -2.99% | |
| Price / MA100: | -3.64% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.20% | |
| Price / MAexp50: | -0.59% | |
| Price / MAexp100: | -1.26% |
Quotes :
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Real time data
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Forex