NZD/HKD - 1H - Technical analysis published on 08/25/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 4.6468 HKD
My targets
4.6333 HKD (-0.0075)
4.6271 HKD (-0.0137)
My analysis
All elements being rather 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 4.6468 HKD. The next bearish objective for sellers is set at 4.6333 HKD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 4.6271 HKD. If there is any crossing, the next objective would be the support located at 4.4118 HKD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.2
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NZD/HKD rating 4.6408 HKD. On the day, this instrument lost -0.01% and was between 4.6234 HKD and 4.6472 HKD. This implies that the price is at +0.38% from its lowest and at -0.14% from its highest.4.6234
4.6472
4.6408
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/HKD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
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. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 6 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 4.6271 | 4.6333 | 4.6391 | 4.6408 | 4.6468 | 4.6573 | 4.6683 |
| Change (%) | -0.30% | -0.16% | -0.04% | - | +0.13% | +0.36% | +0.59% |
| Change | -0.0137 | -0.0075 | -0.0017 | - | +0.0060 | +0.0165 | +0.0275 |
| Level | Major | Minor | Minor | - | Intermediate | Intermediate | Minor |
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 | 4.5758 | 4.6077 | 4.6245 | 4.6564 | 4.6732 | 4.7051 | 4.7219 |
| Camarilla | 4.6278 | 4.6323 | 4.6367 | 4.6412 | 4.6457 | 4.6501 | 4.6546 |
| Woodie | 4.5682 | 4.6039 | 4.6169 | 4.6526 | 4.6656 | 4.7013 | 4.7143 |
| Fibonacci | 4.6077 | 4.6263 | 4.6378 | 4.6564 | 4.6750 | 4.6865 | 4.7051 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.5427 | 4.5829 | 4.6107 | 4.6509 | 4.6787 | 4.7189 | 4.7467 |
| Camarilla | 4.6197 | 4.6259 | 4.6322 | 4.6384 | 4.6446 | 4.6509 | 4.6571 |
| Woodie | 4.5364 | 4.5798 | 4.6044 | 4.6478 | 4.6724 | 4.7158 | 4.7404 |
| Fibonacci | 4.5829 | 4.6089 | 4.6250 | 4.6509 | 4.6769 | 4.6930 | 4.7189 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4983 | 4.6359 | 4.7364 | 4.8740 | 4.9745 | 5.1121 | 5.2126 |
| Camarilla | 4.7715 | 4.7934 | 4.8152 | 4.8370 | 4.8588 | 4.8807 | 4.9025 |
| Woodie | 4.4799 | 4.6266 | 4.7180 | 4.8647 | 4.9561 | 5.1028 | 5.1942 |
| Fibonacci | 4.6359 | 4.7268 | 4.7830 | 4.8740 | 4.9649 | 5.0211 | 5.1121 |
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): | 46.33 | |
| MACD (12,26,9): | -0.0066 | |
| Directional Movement: | -7.4253 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 4.6322 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.6234 | |
| Elder Ray (13): | -0.0008 | |
| Super Trend (3,10): | 4.6526 | |
| Zig ZAG (10): | 4.6400 | |
| VORTEX (21): | 0.9415 | |
| Stochastique (14,3,5): | 54.30 | |
| TEMA (21): | 4.6303 | |
| Williams %R (14): | -36.29 | |
| Chande Momentum Oscillator (20): | -0.0033 | |
| Repulse (5,40,3): | 0.1228 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0246 | |
| Courbe Coppock: | 0.44 |
| MA7: | 4.6495 | |
| MA20: | 4.7013 | |
| MA50: | 4.7918 | |
| MA100: | 4.8190 | |
| MAexp7: | 4.6360 | |
| MAexp20: | 4.6414 | |
| MAexp50: | 4.6507 | |
| MAexp100: | 4.6542 | |
| Price / MA7: | -0.19% | |
| Price / MA20: | -1.29% | |
| Price / MA50: | -3.15% | |
| Price / MA100: | -3.70% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | -0.29% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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