NZD/HKD - Daily - Technical analysis published on 10/04/2022 (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
33%
56%
11%
My opinion
Bearish under 4.6985 HKD
My targets
4.4118 HKD (-0.0767)
4.2317 HKD (-0.2568)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NZD/HKD as long as the price remains well below 4.6985 HKD. The sellers' bearish objective is set at 4.4118 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.2317 HKD. In case of crossing, the next objective would be the support located at 3.8223 HKD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.8
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NZD/HKD rating 4.4885 HKD. On the day, this instrument lost -0.04% and was traded between 4.4595 HKD and 4.5200 HKD over the period. The price is currently at +0.65% from its lowest and -0.70% from its highest.4.4595
4.5200
4.4885
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 (5 years)
Type : Bearish
Timeframe : Weekly
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
A technical analysis in Daily of this NZD/HKD chart shows a sharp bearish trend. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 2 are neutral and 10 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
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 3.8223 | 4.4118 | 4.4885 | 4.8555 | 5.0570 | 5.1462 |
| Change (%) | -14.84% | -1.71% | - | +8.18% | +12.67% | +14.65% |
| Change | -0.6662 | -0.0767 | - | +0.3670 | +0.5685 | +0.6577 |
| Level | Intermediate | Intermediate | - | Intermediate | 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 | 4.3133 | 4.3522 | 4.4211 | 4.4600 | 4.5289 | 4.5678 | 4.6367 |
| Camarilla | 4.4605 | 4.4703 | 4.4802 | 4.4901 | 4.5000 | 4.5099 | 4.5198 |
| Woodie | 4.3284 | 4.3597 | 4.4362 | 4.4675 | 4.5440 | 4.5753 | 4.6518 |
| Fibonacci | 4.3522 | 4.3934 | 4.4188 | 4.4600 | 4.5012 | 4.5266 | 4.5678 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.1886 | 4.2785 | 4.3376 | 4.4275 | 4.4866 | 4.5765 | 4.6356 |
| Camarilla | 4.3557 | 4.3694 | 4.3830 | 4.3967 | 4.4104 | 4.4240 | 4.4377 |
| Woodie | 4.1732 | 4.2708 | 4.3222 | 4.4198 | 4.4712 | 4.5688 | 4.6202 |
| Fibonacci | 4.2785 | 4.3354 | 4.3706 | 4.4275 | 4.4844 | 4.5196 | 4.5765 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.7649 | 4.0666 | 4.2317 | 4.5334 | 4.6985 | 5.0002 | 5.1653 |
| Camarilla | 4.2683 | 4.3111 | 4.3539 | 4.3967 | 4.4395 | 4.4823 | 4.5251 |
| Woodie | 3.6965 | 4.0325 | 4.1633 | 4.4993 | 4.6301 | 4.9661 | 5.0969 |
| Fibonacci | 4.0666 | 4.2450 | 4.3551 | 4.5334 | 4.7118 | 4.8219 | 5.0002 |
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): | 37.64 | |
| MACD (12,26,9): | -0.0963 | |
| Directional Movement: | -21.4568 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 4.4619 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.3684 | |
| Elder Ray (13): | -0.0440 | |
| Super Trend (3,10): | 4.6614 | |
| Zig ZAG (10): | 4.4909 | |
| VORTEX (21): | 0.8097 | |
| Stochastique (14,3,5): | 24.64 | |
| TEMA (21): | 4.4226 | |
| Williams %R (14): | -65.81 | |
| Chande Momentum Oscillator (20): | -0.2123 | |
| Repulse (5,40,3): | 0.6300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2750 | |
| Courbe Coppock: | 11.22 |
| MA7: | 4.4620 | |
| MA20: | 4.6088 | |
| MA50: | 4.7798 | |
| MA100: | 4.8664 | |
| MAexp7: | 4.4885 | |
| MAexp20: | 4.5853 | |
| MAexp50: | 4.7223 | |
| MAexp100: | 4.8497 | |
| Price / MA7: | +0.59% | |
| Price / MA20: | -2.61% | |
| Price / MA50: | -6.09% | |
| Price / MA100: | -7.77% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -2.11% | |
| Price / MAexp50: | -4.95% | |
| Price / MAexp100: | -7.45% |
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.
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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