NUMERAIRE - NMR/USD - 1H - Technical analysis published on 10/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
44%
17%
My opinion
Bearish under 14.46 USD
My targets
13.59 USD (-3.07%)
13.38 USD (-4.56%)
My analysis
The bearish trend is currently very strong for NUMERAIRE - NMR/USD. As long as the price remains below the resistance at 14.46 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 13.59 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 13.38 USD as an objective. Crossing it would then enable sellers to target 10.86 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NUMERAIRE - NMR/USD rating 14.02 USD. The price is lower by -0.21% since the last closing and was between 13.72 USD and 14.34 USD. This implies that the price is at +2.19% from its lowest and at -2.23% from its highest.13.72
14.34
14.02
A study of price movements over other periods shows the following variations:
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 NUMERAIRE - NMR/USD chart shows a sharp bearish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 3 are neutral and 8 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 13.38 | 13.59 | 13.98 | 14.02 | 14.46 | 14.78 | 15.16 |
| Change (%) | -4.56% | -3.07% | -0.29% | - | +3.14% | +5.42% | +8.13% |
| Change | -0.64 | -0.43 | -0.04 | - | +0.44 | +0.76 | +1.14 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.72 | 13.26 | 13.66 | 14.20 | 14.60 | 15.14 | 15.54 |
| Camarilla | 13.79 | 13.88 | 13.96 | 14.05 | 14.14 | 14.22 | 14.31 |
| Woodie | 12.64 | 13.23 | 13.58 | 14.17 | 14.52 | 15.11 | 15.46 |
| Fibonacci | 13.26 | 13.62 | 13.84 | 14.20 | 14.56 | 14.78 | 15.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.31 | 10.35 | 12.30 | 15.34 | 17.29 | 20.33 | 22.28 |
| Camarilla | 12.89 | 13.35 | 13.80 | 14.26 | 14.72 | 15.18 | 15.63 |
| Woodie | 6.78 | 10.08 | 11.77 | 15.07 | 16.76 | 20.06 | 21.75 |
| Fibonacci | 10.35 | 12.25 | 13.43 | 15.34 | 17.24 | 18.42 | 20.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.28 | 9.29 | 12.52 | 15.53 | 18.76 | 21.77 | 25.00 |
| Camarilla | 14.02 | 14.60 | 15.17 | 15.74 | 16.31 | 16.88 | 17.46 |
| Woodie | 6.38 | 9.35 | 12.62 | 15.59 | 18.86 | 21.83 | 25.10 |
| Fibonacci | 9.29 | 11.68 | 13.15 | 15.53 | 17.92 | 19.39 | 21.77 |
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): | 43.98 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | -9.98 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 13.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.14 | |
| Elder Ray (13): | -0.08 | |
| Super Trend (3,10): | 14.37 | |
| Zig ZAG (10): | 14.00 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 32.50 | |
| TEMA (21): | 13.96 | |
| Williams %R (14): | -53.23 | |
| Chande Momentum Oscillator (20): | -0.22 | |
| Repulse (5,40,3): | 1.6400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 2.94 |
| MA7: | 14.45 | |
| MA20: | 15.31 | |
| MA50: | 15.05 | |
| MA100: | 14.22 | |
| MAexp7: | 13.99 | |
| MAexp20: | 14.07 | |
| MAexp50: | 14.25 | |
| MAexp100: | 14.44 | |
| Price / MA7: | -2.98% | |
| Price / MA20: | -8.43% | |
| Price / MA50: | -6.84% | |
| Price / MA100: | -1.41% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | -0.36% | |
| Price / MAexp50: | -1.61% | |
| Price / MAexp100: | -2.91% |
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.
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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