AUD/NZD - 1H - Technical analysis published on 08/28/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 1.0961 NZD
My targets
1.0898 NZD (-0.0040)
1.0831 NZD (-0.0107)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.0961 NZD remains possible. It is advisable to trade AUD/NZD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.0961 NZD. The next bearish objective for sellers is set at 1.0898 NZD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0831 NZD. In case of crossing, the next objective would be the support located at 1.0709 NZD. PS: if there is a bullish break in the resistance located at 1.0961 NZD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/NZD price is 1.0938 NZD. The price registered a decrease of -0.02% on the session and was traded between 1.0926 NZD and 1.0949 NZD over the period. The price is currently at +0.11% from its lowest and -0.10% from its highest.1.0926
1.0949
1.0938
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUD/NZD in 1H shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.0831 | 1.0898 | 1.0930 | 1.0938 | 1.0961 | 1.0987 | 1.1001 |
Change (%) | -0.98% | -0.37% | -0.07% | - | +0.21% | +0.45% | +0.58% |
Change | -0.0107 | -0.0040 | -0.0008 | - | +0.0023 | +0.0049 | +0.0063 |
Level | Major | Minor | Intermediate | - | 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 | 1.0865 | 1.0881 | 1.0911 | 1.0927 | 1.0957 | 1.0973 | 1.1003 |
Camarilla | 1.0927 | 1.0932 | 1.0936 | 1.0940 | 1.0944 | 1.0948 | 1.0953 |
Woodie | 1.0871 | 1.0885 | 1.0917 | 1.0931 | 1.0963 | 1.0977 | 1.1009 |
Fibonacci | 1.0881 | 1.0899 | 1.0910 | 1.0927 | 1.0945 | 1.0956 | 1.0973 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0791 | 1.0860 | 1.0905 | 1.0974 | 1.1019 | 1.1088 | 1.1133 |
Camarilla | 1.0918 | 1.0928 | 1.0939 | 1.0949 | 1.0959 | 1.0970 | 1.0980 |
Woodie | 1.0778 | 1.0854 | 1.0892 | 1.0968 | 1.1006 | 1.1082 | 1.1120 |
Fibonacci | 1.0860 | 1.0904 | 1.0931 | 1.0974 | 1.1018 | 1.1045 | 1.1088 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0392 | 1.0479 | 1.0627 | 1.0714 | 1.0862 | 1.0949 | 1.1097 |
Camarilla | 1.0710 | 1.0732 | 1.0754 | 1.0775 | 1.0797 | 1.0818 | 1.0840 |
Woodie | 1.0423 | 1.0494 | 1.0658 | 1.0729 | 1.0893 | 1.0964 | 1.1128 |
Fibonacci | 1.0479 | 1.0569 | 1.0624 | 1.0714 | 1.0804 | 1.0859 | 1.0949 |
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): | 55.87 | |
MACD (12,26,9): | 0.0001 | |
Directional Movement: | 6.6453 | |
AROON (14): | 50.0000 | |
DEMA (21): | 1.0935 | |
Parabolic SAR (0,02-0,02-0,2): | 1.0926 | |
Elder Ray (13): | 0.0006 | |
Super Trend (3,10): | 1.0949 | |
Zig ZAG (10): | 1.0942 | |
VORTEX (21): | 1.0370 | |
Stochastique (14,3,5): | 78.57 | |
TEMA (21): | 1.0942 | |
Williams %R (14): | -21.43 | |
Chande Momentum Oscillator (20): | 0.0005 | |
Repulse (5,40,3): | -0.0082 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.0006 | |
Courbe Coppock: | 0.12 |
MA7: | 1.0963 | |
MA20: | 1.0912 | |
MA50: | 1.0773 | |
MA100: | 1.0723 | |
MAexp7: | 1.0939 | |
MAexp20: | 1.0935 | |
MAexp50: | 1.0942 | |
MAexp100: | 1.0952 | |
Price / MA7: | -0.23% | |
Price / MA20: | +0.24% | |
Price / MA50: | +1.53% | |
Price / MA100: | +2.01% | |
Price / MAexp7: | -0.01% | |
Price / MAexp20: | +0.03% | |
Price / MAexp50: | -0.04% | |
Price / MAexp100: | -0.13% |
Quotes :
2020-08-28 06:13:42
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Real time data
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Forex
News
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This member declared not having a position on this financial instrument or a related financial instrument.
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