NZD/HKD - Daily - Technical analysis published on 03/13/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 4.8974 HKD
My targets
4.7944 HKD (-0.0386)
4.6194 HKD (-0.2136)
My analysis
In the short term, we can see an acceleration in the bearish trend on NZD/HKD, which is a positive signal for sellers. As long as the price remains above 4.8974 HKD, a sale could be considered. The first bearish objective is located at 4.7944 HKD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4.6194 HKD as an objective. Crossing it would then enable sellers to target 4.5312 HKD. If the price were to return above 4.8974 HKD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5
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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 4.8330 HKD. The price is lower by -0.01% since the last closing with the lowest point at 4.8311 HKD and the highest point at 4.8393 HKD. The deviation from the price is +0.04% for the low point and -0.13% for the high point.4.8311
4.8393
4.8330
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/HKD:
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 this Daily chart of NZD/HKD indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.5312 | 4.6194 | 4.7944 | 4.8330 | 4.8974 | 4.9938 | 5.1040 |
| Change (%) | -6.24% | -4.42% | -0.80% | - | +1.33% | +3.33% | +5.61% |
| Change | -0.3018 | -0.2136 | -0.0386 | - | +0.0644 | +0.1608 | +0.2710 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Major |
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 | 4.7922 | 4.8048 | 4.8191 | 4.8317 | 4.8460 | 4.8586 | 4.8729 |
| Camarilla | 4.8259 | 4.8284 | 4.8308 | 4.8333 | 4.8358 | 4.8382 | 4.8407 |
| Woodie | 4.7930 | 4.8052 | 4.8199 | 4.8321 | 4.8468 | 4.8590 | 4.8737 |
| Fibonacci | 4.8048 | 4.8151 | 4.8215 | 4.8317 | 4.8420 | 4.8484 | 4.8586 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6551 | 4.7159 | 4.7650 | 4.8258 | 4.8749 | 4.9357 | 4.9848 |
| Camarilla | 4.7840 | 4.7941 | 4.8041 | 4.8142 | 4.8243 | 4.8344 | 4.8444 |
| Woodie | 4.6494 | 4.7130 | 4.7593 | 4.8229 | 4.8692 | 4.9328 | 4.9791 |
| Fibonacci | 4.7159 | 4.7579 | 4.7838 | 4.8258 | 4.8678 | 4.8937 | 4.9357 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4188 | 4.6148 | 4.7351 | 4.9311 | 5.0514 | 5.2474 | 5.3677 |
| Camarilla | 4.7685 | 4.7975 | 4.8265 | 4.8555 | 4.8845 | 4.9135 | 4.9425 |
| Woodie | 4.3811 | 4.5959 | 4.6974 | 4.9122 | 5.0137 | 5.2285 | 5.3300 |
| Fibonacci | 4.6148 | 4.7356 | 4.8102 | 4.9311 | 5.0519 | 5.1265 | 5.2474 |
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): | 41.31 | |
| MACD (12,26,9): | -0.0374 | |
| Directional Movement: | -5.5617 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 4.8161 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.9009 | |
| Elder Ray (13): | -0.0117 | |
| Super Trend (3,10): | 4.9615 | |
| Zig ZAG (10): | 4.8361 | |
| VORTEX (21): | 0.8968 | |
| Stochastique (14,3,5): | 34.54 | |
| TEMA (21): | 4.7976 | |
| Williams %R (14): | -58.01 | |
| Chande Momentum Oscillator (20): | 0.0010 | |
| Repulse (5,40,3): | -0.0170 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1151 | |
| Courbe Coppock: | 2.65 |
| MA7: | 4.8186 | |
| MA20: | 4.8604 | |
| MA50: | 4.9477 | |
| MA100: | 4.8891 | |
| MAexp7: | 4.8291 | |
| MAexp20: | 4.8647 | |
| MAexp50: | 4.9009 | |
| MAexp100: | 4.8899 | |
| Price / MA7: | +0.30% | |
| Price / MA20: | -0.56% | |
| Price / MA50: | -2.32% | |
| Price / MA100: | -1.15% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | -0.65% | |
| Price / MAexp50: | -1.39% | |
| Price / MAexp100: | -1.16% |
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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