NZD/HKD - Daily - Technical analysis published on 11/04/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 4.5848 HKD
My targets
4.4118 HKD (-0.1239)
4.2200 HKD (-0.3157)
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 4.5848 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 4.2200 HKD as an objective. Crossing it would then enable sellers to target 3.8223 HKD. If the resistance 4.5848 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.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.1
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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 price is 4.5357 HKD. The price registered an increase of +0.16% on the session and was between 4.5192 HKD and 4.5357 HKD. This implies that the price is at +0.37% from its lowest and at 0% from its highest.4.5192
4.5357
4.5357
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 (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 NZD/HKD in Daily shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of channel
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 3.8223 | 4.4118 | 4.5357 | 4.5848 | 4.8555 | 5.0570 |
| Change (%) | -15.73% | -2.73% | - | +1.08% | +7.05% | +11.49% |
| Change | -0.7134 | -0.1239 | - | +0.0491 | +0.3198 | +0.5213 |
| Level | Minor | Major | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4193 | 4.4628 | 4.4957 | 4.5392 | 4.5721 | 4.6156 | 4.6485 |
| Camarilla | 4.5075 | 4.5145 | 4.5215 | 4.5285 | 4.5355 | 4.5425 | 4.5495 |
| Woodie | 4.4139 | 4.4602 | 4.4903 | 4.5366 | 4.5667 | 4.6130 | 4.6431 |
| Fibonacci | 4.4628 | 4.4920 | 4.5101 | 4.5392 | 4.5684 | 4.5865 | 4.6156 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2965 | 4.3689 | 4.4641 | 4.5365 | 4.6317 | 4.7041 | 4.7993 |
| Camarilla | 4.5131 | 4.5285 | 4.5438 | 4.5592 | 4.5746 | 4.5899 | 4.6053 |
| Woodie | 4.3078 | 4.3746 | 4.4754 | 4.5422 | 4.6430 | 4.7098 | 4.8106 |
| Fibonacci | 4.3689 | 4.4330 | 4.4725 | 4.5365 | 4.6006 | 4.6401 | 4.7041 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.1137 | 4.2200 | 4.3963 | 4.5026 | 4.6789 | 4.7852 | 4.9615 |
| Camarilla | 4.4948 | 4.5207 | 4.5466 | 4.5725 | 4.5984 | 4.6243 | 4.6502 |
| Woodie | 4.1486 | 4.2375 | 4.4312 | 4.5201 | 4.7138 | 4.8027 | 4.9964 |
| Fibonacci | 4.2200 | 4.3280 | 4.3947 | 4.5026 | 4.6106 | 4.6773 | 4.7852 |
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): | 50.24 | |
| MACD (12,26,9): | 0.0030 | |
| Directional Movement: | 4.7656 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 4.5168 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5064 | |
| Elder Ray (13): | -0.0039 | |
| Super Trend (3,10): | 4.6390 | |
| Zig ZAG (10): | 4.5340 | |
| VORTEX (21): | 1.0558 | |
| Stochastique (14,3,5): | 58.17 | |
| TEMA (21): | 4.5668 | |
| Williams %R (14): | -48.66 | |
| Chande Momentum Oscillator (20): | 0.0898 | |
| Repulse (5,40,3): | -0.9179 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0399 | |
| Courbe Coppock: | 6.13 |
| MA7: | 4.5601 | |
| MA20: | 4.4883 | |
| MA50: | 4.5773 | |
| MA100: | 4.7388 | |
| MAexp7: | 4.5449 | |
| MAexp20: | 4.5252 | |
| MAexp50: | 4.5881 | |
| MAexp100: | 4.7154 | |
| Price / MA7: | -0.54% | |
| Price / MA20: | +1.06% | |
| Price / MA50: | -0.91% | |
| Price / MA100: | -4.29% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | +0.23% | |
| Price / MAexp50: | -1.14% | |
| Price / MAexp100: | -3.81% |
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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