Londinia Opportunities Analyses - 04/25/2024 (GMT) NZD/CHF - 1H

- CHF (-)
- Real time data - Forex
Type: Forex
Ticker: NZDCHF
ISIN:

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • FX/Indices
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 0.5428 CHF
My targets
0.5461 CHF (+0.0023)
0.5489 CHF (+0.0051)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NZD/CHF as long as the price remains well above 0.5428 CHF. The buyers' bullish objective is set at 0.5461 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.5489 CHF. If there is any crossing, the next objective would be the resistance located at 0.5529 CHF. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8

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Additional analysis

Quotes

The NZD/CHF price is 0.5438 CHF. On the day, this instrument gained +0.18% with the lowest point at 0.5416 CHF and the highest point at 0.5447 CHF. The deviation from the price is +0.41% for the low point and -0.17% for the high point.

0.5416
0.5447
0.5438

A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of NZD/CHF indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

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


S3S2S1PriceR1R2R3
ProTrendLines 0.5369 0.5399 0.5428 0.5438 0.5461 0.5489 0.5529
Change (%) -1.27% -0.72% -0.18% - +0.42% +0.94% +1.67%
Change -0.0069 -0.0039 -0.0010 - +0.0023 +0.0051 +0.0091
Level Major Intermediate Intermediate - Intermediate Intermediate Intermediate



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
Standard0.53830.53930.54110.54210.54390.54490.5467
Camarilla0.54200.54230.54250.54280.54310.54330.5436
Woodie0.53860.53950.54140.54230.54420.54510.5470
Fibonacci0.53930.54040.54110.54210.54320.54390.5449


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.51200.52010.52800.53610.54400.55210.5600
Camarilla0.53160.53310.53450.53600.53750.53890.5404
Woodie0.51200.52010.52800.53610.54400.55210.5600
Fibonacci0.52010.52620.53000.53610.54220.54600.5521


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.52340.52950.53400.54010.54460.55070.5552
Camarilla0.53560.53660.53750.53850.53950.54040.5414
Woodie0.52260.52910.53320.53970.54380.55030.5544
Fibonacci0.52950.53360.53610.54010.54420.54670.5507

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): 56.00
MACD (12,26,9): 0.0001
Directional Movement: -0.1910
AROON (14): -14.2857
DEMA (21): 0.5430
Parabolic SAR (0,02-0,02-0,2): 0.5437
Elder Ray (13): 0.0004
Super Trend (3,10): 0.5420
Zig ZAG (10): 0.5434
VORTEX (21): 1.0057
Stochastique (14,3,5): 49.46
TEMA (21): 0.5428
Williams %R (14): -35.48
Chande Momentum Oscillator (20): -0.0007
Repulse (5,40,3): 0.2089
ROCnROLL: 1
TRIX (15,9): 0.0031
Courbe Coppock: 0.30
MA7: 0.5400
MA20: 0.5415
MA50: 0.5410
MA100: 0.5371
MAexp7: 0.5430
MAexp20: 0.5429
MAexp50: 0.5423
MAexp100: 0.5413
Price / MA7: +0.70%
Price / MA20: +0.42%
Price / MA50: +0.52%
Price / MA100: +1.25%
Price / MAexp7: +0.15%
Price / MAexp20: +0.17%
Price / MAexp50: +0.28%
Price / MAexp100: +0.46%

Quotes : - Real time data - Forex

News


The last news published on NZD/CHF at the time of the generation of this analysis was as follows: