NZD/USD

- USD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NZDUSD
ISIN:

NZD/USD - Weekly - Technical analysis published on 12/28/2023 (GMT)

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Timeframe : Weekly
- Analysis generated on
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Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.6106 USD

My targets

0.6414 USD (+0.0081)

0.6733 USD (+0.0400)

My analysis

The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on NZD/USD as long as the price remains well above 0.6106 USD. The buyers' bullish objective is set at 0.6414 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.6733 USD. If there is any crossing, the next objective would be the resistance located at 0.6970 USD.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by ASHIQ ALI. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NZD/USD price is 0.6333 USD. The price is up +0.62% over 5 days and was traded between 0.6281 USD and 0.6370 USD over the period. The price is currently at +0.83% from its lowest point and -0.58% from its highest point.

0.6281

0.6370

0.6333

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of NZD/USD in Weekly shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong 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 100

Type : Bullish

Timeframe : Weekly

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Weekly

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found no further results concerning independent technical indicators.

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 : Weekly

Resistance of channel is broken

Type : Bullish

Timeframe : Weekly

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Three white soldiers

Type : Bullish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.4927	0.5684	0.6106	0.6333	0.6414	0.6970	0.7283
Change (%)	-22.20%	-10.25%	-3.58%	-	+1.28%	+10.06%	+15.00%
Change	-0.1406	-0.0649	-0.0227	-	+0.0081	+0.0637	+0.0950
Level	Minor	Major	Intermediate	-	Major	Intermediate	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	0.6293	0.6305	0.6326	0.6338	0.6359	0.6371	0.6392
Camarilla	0.6339	0.6342	0.6345	0.6348	0.6351	0.6354	0.6357
Woodie	0.6299	0.6307	0.6332	0.6340	0.6365	0.6373	0.6398
Fibonacci	0.6305	0.6317	0.6325	0.6338	0.6350	0.6358	0.6371

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6251	0.6266	0.6278	0.6293	0.6305	0.6320	0.6332
Camarilla	0.6283	0.6285	0.6288	0.6290	0.6293	0.6295	0.6297
Woodie	0.6250	0.6265	0.6277	0.6292	0.6304	0.6319	0.6331
Fibonacci	0.6266	0.6276	0.6283	0.6293	0.6303	0.6310	0.6320

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5473	0.5631	0.5893	0.6051	0.6313	0.6471	0.6733
Camarilla	0.6041	0.6079	0.6118	0.6156	0.6195	0.6233	0.6272
Woodie	0.5526	0.5657	0.5946	0.6077	0.6366	0.6497	0.6786
Fibonacci	0.5631	0.5791	0.5890	0.6051	0.6211	0.6310	0.6471

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):	62.04
MACD (12,26,9):	0.0039
Directional Movement:	17.2697
AROON (14):	64.2857
DEMA (21):	0.6114
Parabolic SAR (0,02-0,02-0,2):	0.5940
Elder Ray (13):	0.0208
Super Trend (3,10):	0.5920
Zig ZAG (10):	0.6332
VORTEX (21):	1.0818
Stochastique (14,3,5):	93.55
TEMA (21):	0.6190
Williams %R (14):	-6.37
Chande Momentum Oscillator (20):	0.0342
Repulse (5,40,3):	3.1507
ROCnROLL:	1
TRIX (15,9):	-0.0500
Courbe Coppock:	7.81

MA7:	0.6313
MA20:	0.6226
MA50:	0.6071
MA100:	0.6001
MAexp7:	0.6189
MAexp20:	0.6090
MAexp50:	0.6122
MAexp100:	0.6245
Price / MA7:	+0.32%
Price / MA20:	+1.72%
Price / MA50:	+4.32%
Price / MA100:	+5.53%
Price / MAexp7:	+2.33%
Price / MAexp20:	+3.99%
Price / MAexp50:	+3.45%
Price / MAexp100:	+1.41%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on NZD/USD. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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