AUD/NZD - 1H - Technical analysis published on 02/02/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 1.0624 NZD
My targets
1.0547 NZD (-0.0056)
1.0440 NZD (-0.0163)
My analysis
AUD/NZD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.0624 NZD. The next support located at 1.0547 NZD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.0440 NZD. Below this support, sellers could then target 1.0295 NZD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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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 rating is 1.0603 NZD. On the day, this instrument lost -0.49% and was traded between 1.0594 NZD and 1.0678 NZD over the period. The price is currently at +0.08% from its lowest and -0.70% from its highest.1.0594
1.0678
1.0603
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/NZD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
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 | 1.0295 | 1.0440 | 1.0547 | 1.0603 | 1.0624 | 1.0646 | 1.0681 |
| Change (%) | -2.90% | -1.54% | -0.53% | - | +0.20% | +0.41% | +0.74% |
| Change | -0.0308 | -0.0163 | -0.0056 | - | +0.0021 | +0.0043 | +0.0078 |
| Level | Minor | Intermediate | Major | - | Major | Major | 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 | 1.0591 | 1.0607 | 1.0631 | 1.0647 | 1.0671 | 1.0687 | 1.0711 |
| Camarilla | 1.0644 | 1.0648 | 1.0651 | 1.0655 | 1.0659 | 1.0662 | 1.0666 |
| Woodie | 1.0595 | 1.0609 | 1.0635 | 1.0649 | 1.0675 | 1.0689 | 1.0715 |
| Fibonacci | 1.0607 | 1.0622 | 1.0632 | 1.0647 | 1.0662 | 1.0672 | 1.0687 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0477 | 1.0555 | 1.0598 | 1.0676 | 1.0719 | 1.0797 | 1.0840 |
| Camarilla | 1.0608 | 1.0619 | 1.0630 | 1.0641 | 1.0652 | 1.0663 | 1.0674 |
| Woodie | 1.0460 | 1.0546 | 1.0581 | 1.0667 | 1.0702 | 1.0788 | 1.0823 |
| Fibonacci | 1.0555 | 1.0601 | 1.0630 | 1.0676 | 1.0722 | 1.0751 | 1.0797 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0358 | 1.0496 | 1.0568 | 1.0706 | 1.0778 | 1.0916 | 1.0988 |
| Camarilla | 1.0583 | 1.0603 | 1.0622 | 1.0641 | 1.0660 | 1.0680 | 1.0699 |
| Woodie | 1.0326 | 1.0480 | 1.0536 | 1.0690 | 1.0746 | 1.0900 | 1.0956 |
| Fibonacci | 1.0496 | 1.0576 | 1.0625 | 1.0706 | 1.0786 | 1.0835 | 1.0916 |
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): | 36.23 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | -12.6532 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 1.0607 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0624 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 1.0644 | |
| Zig ZAG (10): | 1.0604 | |
| VORTEX (21): | 0.8173 | |
| Stochastique (14,3,5): | 11.51 | |
| TEMA (21): | 1.0600 | |
| Williams %R (14): | -90.48 | |
| Chande Momentum Oscillator (20): | -0.0027 | |
| Repulse (5,40,3): | -0.1453 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0119 | |
| Courbe Coppock: | 0.90 |
| MA7: | 1.0676 | |
| MA20: | 1.0730 | |
| MA50: | 1.0654 | |
| MA100: | 1.0689 | |
| MAexp7: | 1.0607 | |
| MAexp20: | 1.0621 | |
| MAexp50: | 1.0637 | |
| MAexp100: | 1.0658 | |
| Price / MA7: | -0.68% | |
| Price / MA20: | -1.18% | |
| Price / MA50: | -0.48% | |
| Price / MA100: | -0.80% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.32% | |
| Price / MAexp100: | -0.52% |
Quotes :
2021-02-02 16:31:40
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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:
-
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
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Technical Analysis for EUR/USD, USD/CAD, AUD/NZD & More
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Charts for Next Week – EUR/USD, USD/JPY, AUD/NZD & More
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Trading Outlook – USD, Euro, Pound, AUD/NZD and More
This member declared not having a position on this financial instrument or a related financial instrument.
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