NEM - XEM/USD - 1H - Technical analysis published on 06/22/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 0.027045 USD
My targets
0.028053 USD (+1.43%)
0.029482 USD (+6.60%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.027045 USD remains possible. It is advisable to trade NEM - XEM/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.027045 USD. The next bullish objective for buyers is set at 0.028053 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.029482 USD. If there is any crossing, the next objective would be the resistance located at 0.033581 USD. PS: if there is a bearish break in the support located at 0.027045 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.2
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Additional analysis
Quotes
The NEM - XEM/USD rating is 0.027657 USD. The price registered a decrease of -0.09% on the session and was traded between 0.027106 USD and 0.028359 USD over the period. The price is currently at +2.03% from its lowest and -2.48% from its highest.0.027106
0.028359
0.027657
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 NEM - XEM/USD:
Technical
Technical analysis of NEM - XEM/USD in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.025626 | 0.026172 | 0.027045 | 0.027657 | 0.028053 | 0.033581 | 0.042656 |
| Change (%) | -7.34% | -5.37% | -2.21% | - | +1.43% | +21.42% | +54.23% |
| Change | -0.002031 | -0.001485 | -0.000612 | - | +0.000396 | +0.005924 | +0.014999 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
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 | 0.024959 | 0.025532 | 0.026608 | 0.027181 | 0.028257 | 0.028830 | 0.029906 |
| Camarilla | 0.027230 | 0.027381 | 0.027532 | 0.027683 | 0.027834 | 0.027985 | 0.028137 |
| Woodie | 0.025210 | 0.025658 | 0.026859 | 0.027307 | 0.028508 | 0.028956 | 0.030157 |
| Fibonacci | 0.025532 | 0.026162 | 0.026551 | 0.027181 | 0.027811 | 0.028200 | 0.028830 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.022654 | 0.023876 | 0.024930 | 0.026152 | 0.027206 | 0.028428 | 0.029482 |
| Camarilla | 0.025357 | 0.025566 | 0.025774 | 0.025983 | 0.026192 | 0.026400 | 0.026609 |
| Woodie | 0.022569 | 0.023834 | 0.024845 | 0.026110 | 0.027121 | 0.028386 | 0.029397 |
| Fibonacci | 0.023876 | 0.024746 | 0.025283 | 0.026152 | 0.027022 | 0.027559 | 0.028428 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.023603 | 0.026952 | 0.029816 | 0.033165 | 0.036029 | 0.039378 | 0.042242 |
| Camarilla | 0.030972 | 0.031542 | 0.032112 | 0.032681 | 0.033251 | 0.033820 | 0.034390 |
| Woodie | 0.023362 | 0.026831 | 0.029575 | 0.033044 | 0.035788 | 0.039257 | 0.042001 |
| Fibonacci | 0.026952 | 0.029325 | 0.030791 | 0.033165 | 0.035538 | 0.037004 | 0.039378 |
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): | 46.68 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -8.462691 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.027825 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.028098 | |
| Elder Ray (13): | -0.000129 | |
| Super Trend (3,10): | 0.027016 | |
| Zig ZAG (10): | 0.027359 | |
| VORTEX (21): | 0.9869 | |
| Stochastique (14,3,5): | 36.05 | |
| TEMA (21): | 0.027637 | |
| Williams %R (14): | -79.81 | |
| Chande Momentum Oscillator (20): | -0.000654 | |
| Repulse (5,40,3): | -0.6870 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1153 | |
| Courbe Coppock: | 1.94 |
| MA7: | 0.026390 | |
| MA20: | 0.027820 | |
| MA50: | 0.031007 | |
| MA100: | 0.035011 | |
| MAexp7: | 0.027675 | |
| MAexp20: | 0.027625 | |
| MAexp50: | 0.027204 | |
| MAexp100: | 0.026763 | |
| Price / MA7: | +4.80% | |
| Price / MA20: | -0.59% | |
| Price / MA50: | -10.80% | |
| Price / MA100: | -21.00% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +1.67% | |
| Price / MAexp100: | +3.34% |
Quotes :
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Real time data
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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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