NZD/USD - 1H - Technical analysis published on 09/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 0.5954 USD
My targets
0.5974 USD (+0.0013)
0.5986 USD (+0.0025)
My analysis
The bullish trend is currently very strong on NZD/USD. As long as the price remains above the support at 0.5954 USD, you could try to benefit from the boom. The first bullish objective is located at 0.5974 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.5986 USD as an objective. Crossing it would then enable buyers to target 0.6107 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.1
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This analysis was given by SnInvest. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/USD price is 0.5961 USD. On the day, this instrument gained +0.00% with the lowest point at 0.5957 USD and the highest point at 0.5969 USD. The deviation from the price is +0.07% for the low point and -0.13% for the high point.0.5957
0.5969
0.5961
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 this 1H chart of NZD/USD indicates that the overall trend is strongly bullish. 89.29% 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.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.5919 | 0.5938 | 0.5954 | 0.5961 | 0.5974 | 0.5986 | 0.6107 |
| Change (%) | -0.70% | -0.39% | -0.12% | - | +0.22% | +0.42% | +2.45% |
| Change | -0.0042 | -0.0023 | -0.0007 | - | +0.0013 | +0.0025 | +0.0146 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5854 | 0.5886 | 0.5924 | 0.5956 | 0.5994 | 0.6026 | 0.6064 |
| Camarilla | 0.5942 | 0.5948 | 0.5955 | 0.5961 | 0.5967 | 0.5974 | 0.5980 |
| Woodie | 0.5856 | 0.5888 | 0.5926 | 0.5958 | 0.5996 | 0.6028 | 0.6066 |
| Fibonacci | 0.5886 | 0.5913 | 0.5930 | 0.5956 | 0.5983 | 0.6000 | 0.6026 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5812 | 0.5853 | 0.5907 | 0.5948 | 0.6002 | 0.6043 | 0.6097 |
| Camarilla | 0.5935 | 0.5944 | 0.5952 | 0.5961 | 0.5970 | 0.5978 | 0.5987 |
| Woodie | 0.5819 | 0.5856 | 0.5914 | 0.5951 | 0.6009 | 0.6046 | 0.6104 |
| Fibonacci | 0.5853 | 0.5889 | 0.5912 | 0.5948 | 0.5984 | 0.6007 | 0.6043 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5503 | 0.5695 | 0.5834 | 0.6026 | 0.6165 | 0.6357 | 0.6496 |
| Camarilla | 0.5883 | 0.5913 | 0.5944 | 0.5974 | 0.6004 | 0.6035 | 0.6065 |
| Woodie | 0.5478 | 0.5682 | 0.5809 | 0.6013 | 0.6140 | 0.6344 | 0.6471 |
| Fibonacci | 0.5695 | 0.5821 | 0.5899 | 0.6026 | 0.6152 | 0.6230 | 0.6357 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.38 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 7.1214 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 0.5970 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.5986 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 0.5946 | |
| Zig ZAG (10): | 0.5961 | |
| VORTEX (21): | 1.1202 | |
| Stochastique (14,3,5): | 50.87 | |
| TEMA (21): | 0.5974 | |
| Williams %R (14): | -50.91 | |
| Chande Momentum Oscillator (20): | 0.0006 | |
| Repulse (5,40,3): | -0.1352 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0257 | |
| Courbe Coppock: | 0.95 |
| MA7: | 0.5927 | |
| MA20: | 0.5921 | |
| MA50: | 0.6018 | |
| MA100: | 0.6099 | |
| MAexp7: | 0.5965 | |
| MAexp20: | 0.5958 | |
| MAexp50: | 0.5946 | |
| MAexp100: | 0.5937 | |
| Price / MA7: | +0.57% | |
| Price / MA20: | +0.68% | |
| Price / MA50: | -0.95% | |
| Price / MA100: | -2.26% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +0.40% |
Quotes :
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Real time data
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Forex
News
The last news published on NZD/USD at the time of the generation of this analysis was as follows:
-
Technical Analysis: 13/09/2023 - NZDUSD gets rejected, but bulls might try again
-
Technical Analysis: 06/09/2023 - NZDUSD extends retreat to fresh 2023 low
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Technical Analysis: 09/08/2023 – NZDUSD bearish breakout might have run its course
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Technical Analysis: 26/07/2023 - NZDUSD at range midpoint but bullish pressure rising
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Technical Analysis: 20/07/2023 - NZDUSD defends summer uptrend
This member declared not having a position on this financial instrument or a related financial instrument.
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