NZD/HKD - Daily - Technical analysis published on 10/20/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 4.5339 HKD
My targets
4.4118 HKD (-0.0684)
4.2317 HKD (-0.2485)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NZD/HKD. As long as you are under the resistance located at 4.5339 HKD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 4.4118 HKD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 4.2317 HKD as an objective. Crossing it would then enable sellers to target 3.8223 HKD. If the resistance 4.5339 HKD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NZD/HKD rating 4.4802 HKD. On the day, this instrument gained +0.83% with the lowest point at 4.4142 HKD and the highest point at 4.4849 HKD. The deviation from the price is +1.50% for the low point and -0.10% for the high point.4.4142
4.4849
4.4802
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NZD/HKD in Daily shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
The technical indicators are bullish. There is still some doubt about the price increase.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
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 : 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 | 4.4802 | 4.5339 | 4.8555 | 5.0570 |
| Change (%) | -14.68% | -1.53% | - | +1.20% | +8.38% | +12.87% |
| Change | -0.6579 | -0.0684 | - | +0.0537 | +0.3753 | +0.5768 |
| Level | Intermediate | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3811 | 4.4082 | 4.4258 | 4.4529 | 4.4705 | 4.4976 | 4.5152 |
| Camarilla | 4.4312 | 4.4353 | 4.4394 | 4.4435 | 4.4476 | 4.4517 | 4.4558 |
| Woodie | 4.3765 | 4.4058 | 4.4212 | 4.4505 | 4.4659 | 4.4952 | 4.5106 |
| Fibonacci | 4.4082 | 4.4252 | 4.4358 | 4.4529 | 4.4699 | 4.4805 | 4.4976 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.1780 | 4.2522 | 4.3111 | 4.3853 | 4.4442 | 4.5184 | 4.5773 |
| Camarilla | 4.3334 | 4.3456 | 4.3578 | 4.3700 | 4.3822 | 4.3944 | 4.4066 |
| Woodie | 4.1704 | 4.2484 | 4.3035 | 4.3815 | 4.4366 | 4.5146 | 4.5697 |
| Fibonacci | 4.2522 | 4.3030 | 4.3345 | 4.3853 | 4.4361 | 4.4676 | 4.5184 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.02 | |
| MACD (12,26,9): | -0.0592 | |
| Directional Movement: | -9.6997 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 4.3897 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4893 | |
| Elder Ray (13): | -0.0017 | |
| Super Trend (3,10): | 4.6390 | |
| Zig ZAG (10): | 4.4794 | |
| VORTEX (21): | 0.9128 | |
| Stochastique (14,3,5): | 58.10 | |
| TEMA (21): | 4.4035 | |
| Williams %R (14): | -35.33 | |
| Chande Momentum Oscillator (20): | -0.0240 | |
| Repulse (5,40,3): | 1.5919 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2538 | |
| Courbe Coppock: | 2.21 |
| MA7: | 4.4328 | |
| MA20: | 4.4460 | |
| MA50: | 4.6564 | |
| MA100: | 4.7893 | |
| MAexp7: | 4.4450 | |
| MAexp20: | 4.4793 | |
| MAexp50: | 4.6115 | |
| MAexp100: | 4.7594 | |
| Price / MA7: | +1.07% | |
| Price / MA20: | +0.77% | |
| Price / MA50: | -3.78% | |
| Price / MA100: | -6.45% | |
| Price / MAexp7: | +0.79% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | -2.85% | |
| Price / MAexp100: | -5.87% |
Quotes :
-
Real time data
-
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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