NUMERAIRE - NMR/USD - 1H - Technical analysis published on 06/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
44%
28%
28%
My opinion
Bearish under 18.55 USD
My targets
17.11 USD (-3.77%)
16.80 USD (-5.51%)
My analysis
The basic trend is very bearish on NUMERAIRE - NMR/USD but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on NUMERAIRE - NMR/USD. As long as you stay below the resistance 18.55 USD, sellers' retain the upper hand. A break in the support at 17.11 USD would be a signal that the basic trend will reverse. Sellers would then use the next support located at 16.80 USD as an objective. Crossing it would then enable sellers to target 10.78 USD. If the price were to depress the resistance 18.55 USD in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NUMERAIRE - NMR/USD price is 17.78 USD. The price registered a decrease of -0.06% on the session and was between 17.45 USD and 18.35 USD. This implies that the price is at +1.89% from its lowest and at -3.11% from its highest.17.45
18.35
17.78
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NUMERAIRE - NMR/USD indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 10.78 | 16.80 | 17.78 | 20.37 | 22.29 | 23.05 |
| Change (%) | -39.37% | -5.51% | - | +14.57% | +25.37% | +29.64% |
| Change | -7.00 | -0.98 | - | +2.59 | +4.51 | +5.27 |
| Level | Intermediate | Major | - | Major | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 13.57 | 15.22 | 16.51 | 18.16 | 19.45 | 21.10 | 22.39 |
| Camarilla | 16.98 | 17.25 | 17.52 | 17.79 | 18.06 | 18.33 | 18.60 |
| Woodie | 13.38 | 15.13 | 16.32 | 18.07 | 19.26 | 21.01 | 22.20 |
| Fibonacci | 15.22 | 16.35 | 17.04 | 18.16 | 19.29 | 19.98 | 21.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.14 | 18.55 | 20.26 | 22.67 | 24.38 | 26.79 | 28.50 |
| Camarilla | 20.85 | 21.23 | 21.60 | 21.98 | 22.36 | 22.74 | 23.11 |
| Woodie | 15.80 | 18.38 | 19.92 | 22.50 | 24.04 | 26.62 | 28.16 |
| Fibonacci | 18.55 | 20.12 | 21.09 | 22.67 | 24.24 | 25.21 | 26.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.05 | 17.11 | 22.46 | 26.52 | 31.87 | 35.93 | 41.28 |
| Camarilla | 25.22 | 26.09 | 26.95 | 27.81 | 28.67 | 29.54 | 30.40 |
| Woodie | 13.70 | 17.43 | 23.11 | 26.84 | 32.52 | 36.25 | 41.93 |
| Fibonacci | 17.11 | 20.71 | 22.93 | 26.52 | 30.12 | 32.34 | 35.93 |
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): | 45.56 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -7.44 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 17.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.59 | |
| Elder Ray (13): | -0.08 | |
| Super Trend (3,10): | 17.25 | |
| Zig ZAG (10): | 17.89 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 56.06 | |
| TEMA (21): | 18.05 | |
| Williams %R (14): | -51.11 | |
| Chande Momentum Oscillator (20): | 0.10 | |
| Repulse (5,40,3): | -0.1500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1600 | |
| Courbe Coppock: | 6.88 |
| MA7: | 20.59 | |
| MA20: | 24.19 | |
| MA50: | 25.94 | |
| MA100: | 28.88 | |
| MAexp7: | 17.96 | |
| MAexp20: | 17.94 | |
| MAexp50: | 18.63 | |
| MAexp100: | 19.74 | |
| Price / MA7: | -13.65% | |
| Price / MA20: | -26.50% | |
| Price / MA50: | -31.46% | |
| Price / MA100: | -38.43% | |
| Price / MAexp7: | -1.00% | |
| Price / MAexp20: | -0.89% | |
| Price / MAexp50: | -4.56% | |
| Price / MAexp100: | -9.93% |
Quotes :
-
Real time data
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Cryptocompare
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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