AUD/NZD - 1H - Technical analysis published on 05/25/2021 (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
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 1.0759 NZD
My targets
1.0721 NZD (-0.0020)
1.0655 NZD (-0.0086)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AUD/NZD as long as the price remains well below 1.0759 NZD. The sellers' bearish objective is set at 1.0721 NZD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0655 NZD. In case of crossing, the next objective would be the support located at 1.0574 NZD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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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
AUD/NZD rating 1.0741 NZD. The price is lower by -0.03% since the last closing with the lowest point at 1.0732 NZD and the highest point at 1.0749 NZD. The deviation from the price is +0.08% for the low point and -0.07% for the high point.1.0732
1.0749
1.0741
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/NZD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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 support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0655 | 1.0721 | 1.0733 | 1.0741 | 1.0759 | 1.0780 | 1.0791 |
| Change (%) | -0.80% | -0.19% | -0.07% | - | +0.17% | +0.36% | +0.47% |
| Change | -0.0086 | -0.0020 | -0.0008 | - | +0.0018 | +0.0039 | +0.0050 |
| Level | Minor | Minor | Major | - | Minor | 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 | 1.0670 | 1.0703 | 1.0724 | 1.0757 | 1.0778 | 1.0811 | 1.0832 |
| Camarilla | 1.0729 | 1.0734 | 1.0739 | 1.0744 | 1.0749 | 1.0754 | 1.0759 |
| Woodie | 1.0663 | 1.0700 | 1.0717 | 1.0754 | 1.0771 | 1.0808 | 1.0825 |
| Fibonacci | 1.0703 | 1.0724 | 1.0737 | 1.0757 | 1.0778 | 1.0791 | 1.0811 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0649 | 1.0686 | 1.0735 | 1.0772 | 1.0821 | 1.0858 | 1.0907 |
| Camarilla | 1.0760 | 1.0768 | 1.0776 | 1.0784 | 1.0792 | 1.0800 | 1.0808 |
| Woodie | 1.0655 | 1.0689 | 1.0741 | 1.0775 | 1.0827 | 1.0861 | 1.0913 |
| Fibonacci | 1.0686 | 1.0719 | 1.0739 | 1.0772 | 1.0805 | 1.0825 | 1.0858 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0526 | 1.0620 | 1.0695 | 1.0789 | 1.0864 | 1.0958 | 1.1033 |
| Camarilla | 1.0723 | 1.0738 | 1.0754 | 1.0769 | 1.0785 | 1.0800 | 1.0816 |
| Woodie | 1.0516 | 1.0615 | 1.0685 | 1.0784 | 1.0854 | 1.0953 | 1.1023 |
| Fibonacci | 1.0620 | 1.0685 | 1.0725 | 1.0789 | 1.0854 | 1.0894 | 1.0958 |
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): | 35.78 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -8.9001 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 1.0734 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0750 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 1.0761 | |
| Zig ZAG (10): | 1.0739 | |
| VORTEX (21): | 0.8387 | |
| Stochastique (14,3,5): | 19.13 | |
| TEMA (21): | 1.0734 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | -0.0004 | |
| Repulse (5,40,3): | 0.0415 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0125 | |
| Courbe Coppock: | 0.16 |
| MA7: | 1.0768 | |
| MA20: | 1.0764 | |
| MA50: | 1.0805 | |
| MA100: | 1.0767 | |
| MAexp7: | 1.0739 | |
| MAexp20: | 1.0746 | |
| MAexp50: | 1.0760 | |
| MAexp100: | 1.0767 | |
| Price / MA7: | -0.25% | |
| Price / MA20: | -0.21% | |
| Price / MA50: | -0.59% | |
| Price / MA100: | -0.24% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -0.25% |
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:
-
Australian Dollar Analysis: AUD/USD and AUD/NZD May Bounce Before Selloff Resumes
-
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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