NZD/HKD - 1H - Technical analysis published on 02/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 4.8555 HKD
My targets
4.8279 HKD (-0.0095)
4.7944 HKD (-0.0430)
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 4.8555 HKD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 4.8279 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 4.7944 HKD as an objective. Crossing it would then enable sellers to target 4.6194 HKD. If the resistance 4.8555 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
0.4
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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 4.8374 HKD. The price registered a decrease of -0.02% on the session and was traded between 4.8107 HKD and 4.8486 HKD over the period. The price is currently at +0.56% from its lowest and -0.23% from its highest.4.8107
4.8486
4.8374
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/HKD chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.6194 | 4.7944 | 4.8279 | 4.8374 | 4.8555 | 4.8665 | 4.9070 |
| Change (%) | -4.51% | -0.89% | -0.20% | - | +0.37% | +0.60% | +1.44% |
| Change | -0.2180 | -0.0430 | -0.0095 | - | +0.0181 | +0.0291 | +0.0696 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7387 | 4.7833 | 4.8108 | 4.8554 | 4.8829 | 4.9275 | 4.9550 |
| Camarilla | 4.8185 | 4.8251 | 4.8317 | 4.8383 | 4.8449 | 4.8515 | 4.8581 |
| Woodie | 4.7302 | 4.7790 | 4.8023 | 4.8511 | 4.8744 | 4.9232 | 4.9465 |
| Fibonacci | 4.7833 | 4.8108 | 4.8279 | 4.8554 | 4.8829 | 4.9000 | 4.9275 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7286 | 4.7782 | 4.8083 | 4.8579 | 4.8880 | 4.9376 | 4.9677 |
| Camarilla | 4.8164 | 4.8237 | 4.8310 | 4.8383 | 4.8456 | 4.8529 | 4.8602 |
| Woodie | 4.7188 | 4.7733 | 4.7985 | 4.8530 | 4.8782 | 4.9327 | 4.9579 |
| Fibonacci | 4.7782 | 4.8087 | 4.8275 | 4.8579 | 4.8884 | 4.9072 | 4.9376 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6131 | 4.7243 | 4.8853 | 4.9965 | 5.1575 | 5.2687 | 5.4297 |
| Camarilla | 4.9716 | 4.9965 | 5.0215 | 5.0464 | 5.0714 | 5.0963 | 5.1213 |
| Woodie | 4.6381 | 4.7368 | 4.9103 | 5.0090 | 5.1825 | 5.2812 | 5.4547 |
| Fibonacci | 4.7243 | 4.8283 | 4.8925 | 4.9965 | 5.1005 | 5.1647 | 5.2687 |
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): | 50.61 | |
| MACD (12,26,9): | -0.0060 | |
| Directional Movement: | 0.2876 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 4.8230 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.8118 | |
| Elder Ray (13): | 0.0100 | |
| Super Trend (3,10): | 4.8446 | |
| Zig ZAG (10): | 4.8382 | |
| VORTEX (21): | 0.9643 | |
| Stochastique (14,3,5): | 70.59 | |
| TEMA (21): | 4.8266 | |
| Williams %R (14): | -29.55 | |
| Chande Momentum Oscillator (20): | 0.0173 | |
| Repulse (5,40,3): | 0.1232 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0283 | |
| Courbe Coppock: | 0.24 |
| MA7: | 4.8752 | |
| MA20: | 4.9450 | |
| MA50: | 4.9640 | |
| MA100: | 4.8455 | |
| MAexp7: | 4.8310 | |
| MAexp20: | 4.8331 | |
| MAexp50: | 4.8484 | |
| MAexp100: | 4.8653 | |
| Price / MA7: | -0.78% | |
| Price / MA20: | -2.18% | |
| Price / MA50: | -2.55% | |
| Price / MA100: | -0.17% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | -0.57% |
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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