AUD/NZD - 1H - Technical analysis published on 03/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 1.0822 NZD
My targets
1.0919 NZD (+0.0046)
1.1036 NZD (+0.0163)
My analysis
AUD/NZD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.0822 NZD. The next resistance located at 1.0919 NZD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.1036 NZD. After this resistance, buyers could then target 1.1236 NZD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/NZD price is 1.0873 NZD. The price has increased by +0.34% since the last closing and was between 1.0832 NZD and 1.0878 NZD. This implies that the price is at +0.38% from its lowest and at -0.05% from its highest.1.0832
1.0878
1.0873
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/NZD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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 shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0759 | 1.0788 | 1.0822 | 1.0873 | 1.0882 | 1.0919 | 1.1036 |
| Change (%) | -1.05% | -0.78% | -0.47% | - | +0.08% | +0.42% | +1.50% |
| Change | -0.0114 | -0.0085 | -0.0051 | - | +0.0009 | +0.0046 | +0.0163 |
| Level | Major | Intermediate | Major | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0723 | 1.0755 | 1.0796 | 1.0828 | 1.0869 | 1.0901 | 1.0942 |
| Camarilla | 1.0816 | 1.0823 | 1.0829 | 1.0836 | 1.0843 | 1.0849 | 1.0856 |
| Woodie | 1.0727 | 1.0757 | 1.0800 | 1.0830 | 1.0873 | 1.0903 | 1.0946 |
| Fibonacci | 1.0755 | 1.0783 | 1.0800 | 1.0828 | 1.0856 | 1.0873 | 1.0901 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0634 | 1.0667 | 1.0723 | 1.0756 | 1.0812 | 1.0845 | 1.0901 |
| Camarilla | 1.0756 | 1.0764 | 1.0772 | 1.0780 | 1.0788 | 1.0796 | 1.0805 |
| Woodie | 1.0647 | 1.0673 | 1.0736 | 1.0762 | 1.0825 | 1.0851 | 1.0914 |
| Fibonacci | 1.0667 | 1.0701 | 1.0722 | 1.0756 | 1.0790 | 1.0811 | 1.0845 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0409 | 1.0489 | 1.0584 | 1.0664 | 1.0759 | 1.0839 | 1.0934 |
| Camarilla | 1.0630 | 1.0646 | 1.0662 | 1.0678 | 1.0694 | 1.0710 | 1.0726 |
| Woodie | 1.0416 | 1.0493 | 1.0591 | 1.0668 | 1.0766 | 1.0843 | 1.0941 |
| Fibonacci | 1.0489 | 1.0556 | 1.0598 | 1.0664 | 1.0731 | 1.0773 | 1.0839 |
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): | 64.89 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 16.4933 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 1.0877 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0854 | |
| Elder Ray (13): | 0.0007 | |
| Super Trend (3,10): | 1.0846 | |
| Zig ZAG (10): | 1.0874 | |
| VORTEX (21): | 1.2170 | |
| Stochastique (14,3,5): | 82.05 | |
| TEMA (21): | 1.0875 | |
| Williams %R (14): | -15.38 | |
| Chande Momentum Oscillator (20): | 0.0017 | |
| Repulse (5,40,3): | 0.0048 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0162 | |
| Courbe Coppock: | 0.11 |
| MA7: | 1.0793 | |
| MA20: | 1.0718 | |
| MA50: | 1.0711 | |
| MA100: | 1.0752 | |
| MAexp7: | 1.0870 | |
| MAexp20: | 1.0861 | |
| MAexp50: | 1.0839 | |
| MAexp100: | 1.0814 | |
| Price / MA7: | +0.74% | |
| Price / MA20: | +1.45% | |
| Price / MA50: | +1.51% | |
| Price / MA100: | +1.13% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +0.55% |
Quotes :
-
Real time data
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Forex
News
Don't forget to follow the news on AUD/NZD. At the time of publication of this analysis, the latest news was as follows:
-
Trading volatility: AUD/NZD on RBNZ rate decision
-
Trade of the Week: long AUD/NZD
-
#AUDNZD at six-week high as RBA considers raising rates...
-
Trading the Trend: short AUD/NZD
-
Australian Dollar Analysis: AUD/USD and AUD/NZD May Bounce Before Selloff Resumes
This member declared not having a position on this financial instrument or a related financial instrument.
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