AUD/NZD - Daily - Technical analysis published on 11/14/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 1.0734 NZD
My targets
1.0916 NZD (+0.0065)
1.0966 NZD (+0.0115)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on AUD/NZD as long as the price remains well above 1.0734 NZD. The buyers' bullish objective is set at 1.0916 NZD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0966 NZD. If there is any crossing, the next objective would be the resistance located at 1.1042 NZD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.8
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This analysis was given by hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/NZD rating 1.0851 NZD. The price registered an increase of +0.06% on the session with the lowest point at 1.0842 NZD and the highest point at 1.0855 NZD. The deviation from the price is +0.08% for the low point and -0.04% for the high point.1.0842
1.0855
1.0851
Here is a more detailed summary of the historical variations registered by AUD/NZD:
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 AUD/NZD in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
On the 18 technical indicators analysed, 5 are bullish, 9 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a 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.
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 | 1.0646 | 1.0734 | 1.0829 | 1.0851 | 1.0916 | 1.0966 | 1.1042 |
| Change (%) | -1.89% | -1.08% | -0.20% | - | +0.60% | +1.06% | +1.76% |
| Change | -0.0205 | -0.0117 | -0.0022 | - | +0.0065 | +0.0115 | +0.0191 |
| Level | Intermediate | Intermediate | Major | - | Major | Minor | Intermediate |
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 | 1.0739 | 1.0763 | 1.0804 | 1.0828 | 1.0869 | 1.0893 | 1.0934 |
| Camarilla | 1.0827 | 1.0833 | 1.0839 | 1.0845 | 1.0851 | 1.0857 | 1.0863 |
| Woodie | 1.0748 | 1.0767 | 1.0813 | 1.0832 | 1.0878 | 1.0897 | 1.0943 |
| Fibonacci | 1.0763 | 1.0788 | 1.0803 | 1.0828 | 1.0853 | 1.0868 | 1.0893 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0629 | 1.0704 | 1.0751 | 1.0826 | 1.0873 | 1.0948 | 1.0995 |
| Camarilla | 1.0765 | 1.0776 | 1.0787 | 1.0798 | 1.0809 | 1.0820 | 1.0832 |
| Woodie | 1.0615 | 1.0697 | 1.0737 | 1.0819 | 1.0859 | 1.0941 | 1.0981 |
| Fibonacci | 1.0704 | 1.0751 | 1.0779 | 1.0826 | 1.0873 | 1.0901 | 1.0948 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0407 | 1.0516 | 1.0714 | 1.0823 | 1.1021 | 1.1130 | 1.1328 |
| Camarilla | 1.0829 | 1.0857 | 1.0885 | 1.0913 | 1.0941 | 1.0969 | 1.0997 |
| Woodie | 1.0453 | 1.0538 | 1.0760 | 1.0845 | 1.1067 | 1.1152 | 1.1374 |
| Fibonacci | 1.0516 | 1.0633 | 1.0705 | 1.0823 | 1.0940 | 1.1012 | 1.1130 |
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): | 53.25 | |
| MACD (12,26,9): | 0.0012 | |
| Directional Movement: | 2.6850 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.0857 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0888 | |
| Elder Ray (13): | 0.0005 | |
| Super Trend (3,10): | 1.0771 | |
| Zig ZAG (10): | 1.0850 | |
| VORTEX (21): | 1.1949 | |
| Stochastique (14,3,5): | 31.12 | |
| TEMA (21): | 1.0861 | |
| Williams %R (14): | -57.83 | |
| Chande Momentum Oscillator (20): | -0.0053 | |
| Repulse (5,40,3): | 0.3033 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0307 | |
| Courbe Coppock: | 0.18 |
| MA7: | 1.0836 | |
| MA20: | 1.0859 | |
| MA50: | 1.0807 | |
| MA100: | 1.0816 | |
| MAexp7: | 1.0841 | |
| MAexp20: | 1.0837 | |
| MAexp50: | 1.0821 | |
| MAexp100: | 1.0817 | |
| Price / MA7: | +0.14% | |
| Price / MA20: | -0.07% | |
| Price / MA50: | +0.41% | |
| Price / MA100: | +0.32% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.31% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on AUD/NZD at the time of the analysis were as follows:
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Trade of the Week: long AUD/NZD
-
#AUDNZD at six-week high as RBA considers raising rates...
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Trading the Trend: short AUD/NZD
-
Australian Dollar Analysis: AUD/USD and AUD/NZD May Bounce Before Selloff Resumes
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EURUSD, USDJPY and AUDNZD Absorb ECB, Risk Trends, Key Data
This member declared not having a position on this financial instrument or a related financial instrument.
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