NZD/HKD - Daily - Technical analysis published on 09/06/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
61%
11%
My opinion
Bearish under 4.8555 HKD
My targets
4.7002 HKD (-0.1002)
4.6043 HKD (-0.1961)
My analysis
The bearish trend is currently very strong for NZD/HKD. As long as the price remains below the resistance at 4.8555 HKD, you could try to take advantage of the bearish rally. The first bearish objective is located at 4.7002 HKD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4.6043 HKD as an objective. Crossing it would then enable sellers to target 4.4118 HKD. 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
7.1
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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 NZD/HKD rating is 4.8004 HKD. On the day, this instrument gained +0.20% with the lowest point at 4.7901 HKD and the highest point at 4.8012 HKD. The deviation from the price is +0.22% for the low point and -0.02% for the high point.4.7901
4.8012
4.8004
A study of price movements over other periods shows the following variations:
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 Daily chart of NZD/HKD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.
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 horizontal resistance
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 3.8223 | 4.4118 | 4.8004 | 4.8555 | 5.0940 | 5.1462 |
| Change (%) | -20.38% | -8.10% | - | +1.15% | +6.12% | +7.20% |
| Change | -0.9781 | -0.3886 | - | +0.0551 | +0.2936 | +0.3458 |
| Level | Minor | Major | - | Major | Intermediate | Minor |
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 | 4.7508 | 4.7601 | 4.7756 | 4.7849 | 4.8004 | 4.8097 | 4.8252 |
| Camarilla | 4.7842 | 4.7865 | 4.7887 | 4.7910 | 4.7933 | 4.7956 | 4.7978 |
| Woodie | 4.7538 | 4.7617 | 4.7786 | 4.7865 | 4.8034 | 4.8113 | 4.8282 |
| Fibonacci | 4.7601 | 4.7696 | 4.7755 | 4.7849 | 4.7944 | 4.8003 | 4.8097 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6295 | 4.6893 | 4.7415 | 4.8013 | 4.8535 | 4.9133 | 4.9655 |
| Camarilla | 4.7628 | 4.7731 | 4.7833 | 4.7936 | 4.8039 | 4.8141 | 4.8244 |
| Woodie | 4.6256 | 4.6874 | 4.7376 | 4.7994 | 4.8496 | 4.9114 | 4.9616 |
| Fibonacci | 4.6893 | 4.7321 | 4.7586 | 4.8013 | 4.8441 | 4.8706 | 4.9133 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4199 | 4.6043 | 4.7002 | 4.8846 | 4.9805 | 5.1649 | 5.2608 |
| Camarilla | 4.7191 | 4.7448 | 4.7705 | 4.7962 | 4.8219 | 4.8476 | 4.8733 |
| Woodie | 4.3758 | 4.5822 | 4.6561 | 4.8625 | 4.9364 | 5.1428 | 5.2167 |
| Fibonacci | 4.6043 | 4.7113 | 4.7775 | 4.8846 | 4.9916 | 5.0578 | 5.1649 |
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): | 39.69 | |
| MACD (12,26,9): | -0.0364 | |
| Directional Movement: | -8.2050 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 4.8068 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.8718 | |
| Elder Ray (13): | -0.0330 | |
| Super Trend (3,10): | 4.9440 | |
| Zig ZAG (10): | 4.7964 | |
| VORTEX (21): | 0.9128 | |
| Stochastique (14,3,5): | 19.13 | |
| TEMA (21): | 4.7820 | |
| Williams %R (14): | -76.72 | |
| Chande Momentum Oscillator (20): | -0.0462 | |
| Repulse (5,40,3): | 0.0587 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0736 | |
| Courbe Coppock: | 6.06 |
| MA7: | 4.7993 | |
| MA20: | 4.8798 | |
| MA50: | 4.8807 | |
| MA100: | 4.9590 | |
| MAexp7: | 4.8046 | |
| MAexp20: | 4.8487 | |
| MAexp50: | 4.8973 | |
| MAexp100: | 4.9755 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | -1.63% | |
| Price / MA50: | -1.65% | |
| Price / MA100: | -3.20% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -1.00% | |
| Price / MAexp50: | -1.98% | |
| Price / MAexp100: | -3.52% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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