NUMERAIRE - NMR/USD - 1H - Technical analysis published on 07/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 15.23 USD
My targets
15.81 USD (+2.86%)
17.09 USD (+11.19%)
My analysis
The bullish trend is currently very strong on NUMERAIRE - NMR/USD. As long as the price remains above the support at 15.23 USD, you could try to benefit from the boom. The first bullish objective is located at 15.81 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 17.09 USD as an objective. Crossing it would then enable buyers to target 24.90 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.5
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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 15.37 USD. On the day, this instrument lost -0.07% and was traded between 15.13 USD and 15.95 USD over the period. The price is currently at +1.59% from its lowest and -3.64% from its highest.15.13
15.95
15.37
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of NUMERAIRE - NMR/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 3 are bullish, 9 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.55 | 14.83 | 15.23 | 15.37 | 15.81 | 17.09 | 24.90 |
| Change (%) | -11.84% | -3.51% | -0.91% | - | +2.86% | +11.19% | +62.00% |
| Change | -1.82 | -0.54 | -0.14 | - | +0.44 | +1.72 | +9.53 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Major |
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 | 13.83 | 14.23 | 14.80 | 15.20 | 15.77 | 16.17 | 16.74 |
| Camarilla | 15.11 | 15.20 | 15.29 | 15.38 | 15.47 | 15.56 | 15.65 |
| Woodie | 13.93 | 14.27 | 14.90 | 15.24 | 15.87 | 16.21 | 16.84 |
| Fibonacci | 14.23 | 14.60 | 14.83 | 15.20 | 15.57 | 15.80 | 16.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.94 | 12.00 | 13.69 | 14.75 | 16.44 | 17.50 | 19.19 |
| Camarilla | 14.62 | 14.88 | 15.13 | 15.38 | 15.63 | 15.88 | 16.14 |
| Woodie | 11.26 | 12.16 | 14.01 | 14.91 | 16.76 | 17.66 | 19.51 |
| Fibonacci | 12.00 | 13.05 | 13.70 | 14.75 | 15.80 | 16.45 | 17.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.53 | 7.84 | 12.53 | 20.90 | 25.59 | 33.96 | 38.65 |
| Camarilla | 13.63 | 14.83 | 16.02 | 17.22 | 18.42 | 19.61 | 20.81 |
| Woodie | -2.37 | 6.92 | 10.69 | 19.98 | 23.75 | 33.04 | 36.81 |
| Fibonacci | 7.84 | 12.83 | 15.91 | 20.90 | 25.89 | 28.97 | 33.96 |
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): | 55.12 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 13.82 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 15.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.78 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 15.83 | |
| Zig ZAG (10): | 15.34 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 23.17 | |
| TEMA (21): | 15.42 | |
| Williams %R (14): | -70.73 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | -0.4700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 1.92 |
| MA7: | 14.90 | |
| MA20: | 14.03 | |
| MA50: | 18.49 | |
| MA100: | 22.47 | |
| MAexp7: | 15.34 | |
| MAexp20: | 15.27 | |
| MAexp50: | 15.03 | |
| MAexp100: | 14.80 | |
| Price / MA7: | +3.15% | |
| Price / MA20: | +9.55% | |
| Price / MA50: | -16.87% | |
| Price / MA100: | -31.60% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.65% | |
| Price / MAexp50: | +2.26% | |
| Price / MAexp100: | +3.85% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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