NZD/HKD - 1H - Technical analysis published on 02/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 4.7581 HKD
My targets
4.7120 HKD (-0.0288)
4.6881 HKD (-0.0527)
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 4.7581 HKD. The sellers' bearish objective is set at 4.7120 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.6881 HKD. In case of crossing, the next objective would be the support located at 4.6035 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
5.7
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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 4.7408 HKD. On the day, this instrument lost -0.05% and was traded between 4.7230 HKD and 4.7568 HKD over the period. The price is currently at +0.38% from its lowest and -0.34% from its highest.4.7230
4.7568
4.7408
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/HKD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.6035 | 4.6881 | 4.7384 | 4.7408 | 4.7581 | 4.7707 | 4.7826 |
| Change (%) | -2.90% | -1.11% | -0.05% | - | +0.36% | +0.63% | +0.88% |
| Change | -0.1373 | -0.0527 | -0.0024 | - | +0.0173 | +0.0299 | +0.0418 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | Minor |
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 | 4.6374 | 4.6879 | 4.7156 | 4.7661 | 4.7938 | 4.8443 | 4.8720 |
| Camarilla | 4.7218 | 4.7290 | 4.7361 | 4.7433 | 4.7505 | 4.7576 | 4.7648 |
| Woodie | 4.6260 | 4.6822 | 4.7042 | 4.7604 | 4.7824 | 4.8386 | 4.8606 |
| Fibonacci | 4.6879 | 4.7178 | 4.7362 | 4.7661 | 4.7960 | 4.8144 | 4.8443 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6231 | 4.6808 | 4.7120 | 4.7697 | 4.8009 | 4.8586 | 4.8898 |
| Camarilla | 4.7189 | 4.7270 | 4.7352 | 4.7433 | 4.7515 | 4.7596 | 4.7678 |
| Woodie | 4.6100 | 4.6742 | 4.6989 | 4.7631 | 4.7878 | 4.8520 | 4.8767 |
| Fibonacci | 4.6808 | 4.7147 | 4.7357 | 4.7697 | 4.8036 | 4.8246 | 4.8586 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4975 | 4.6195 | 4.6987 | 4.8207 | 4.8999 | 5.0219 | 5.1011 |
| Camarilla | 4.7226 | 4.7410 | 4.7595 | 4.7779 | 4.7963 | 4.8148 | 4.8332 |
| Woodie | 4.4761 | 4.6088 | 4.6773 | 4.8100 | 4.8785 | 5.0112 | 5.0797 |
| Fibonacci | 4.6195 | 4.6964 | 4.7438 | 4.8207 | 4.8976 | 4.9450 | 5.0219 |
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): | 42.55 | |
| MACD (12,26,9): | -0.0080 | |
| Directional Movement: | -12.1577 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 4.7314 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.7460 | |
| Elder Ray (13): | -0.0019 | |
| Super Trend (3,10): | 4.7533 | |
| Zig ZAG (10): | 4.7392 | |
| VORTEX (21): | 0.9603 | |
| Stochastique (14,3,5): | 35.40 | |
| TEMA (21): | 4.7319 | |
| Williams %R (14): | -52.07 | |
| Chande Momentum Oscillator (20): | -0.0132 | |
| Repulse (5,40,3): | 0.1536 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0280 | |
| Courbe Coppock: | 0.45 |
| MA7: | 4.7731 | |
| MA20: | 4.7995 | |
| MA50: | 4.8292 | |
| MA100: | 4.7327 | |
| MAexp7: | 4.7365 | |
| MAexp20: | 4.7429 | |
| MAexp50: | 4.7580 | |
| MAexp100: | 4.7686 | |
| Price / MA7: | -0.68% | |
| Price / MA20: | -1.22% | |
| Price / MA50: | -1.83% | |
| Price / MA100: | +0.17% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.36% | |
| Price / MAexp100: | -0.58% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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