AUD/NZD - 1H - Technical analysis published on 09/06/2021 (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:
Bullish
Underlying:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 1.0398 NZD
My targets
1.0442 NZD (+0.0018)
1.0512 NZD (+0.0088)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on AUD/NZD as long as the price remains well above 1.0398 NZD. The buyers' bullish objective is set at 1.0442 NZD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0512 NZD. If there is any crossing, the next objective would be the resistance located at 1.0631 NZD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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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 1.0424 NZD. On the day, this instrument gained +0.01% with the lowest point at 1.0399 NZD and the highest point at 1.0430 NZD. The deviation from the price is +0.24% for the low point and -0.06% for the high point.1.0399
1.0430
1.0424
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/NZD chart shows a bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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
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 | 1.0370 | 1.0398 | 1.0414 | 1.0424 | 1.0442 | 1.0452 | 1.0631 |
Change (%) | -0.52% | -0.25% | -0.10% | - | +0.17% | +0.27% | +1.99% |
Change | -0.0054 | -0.0026 | -0.0010 | - | +0.0018 | +0.0028 | +0.0207 |
Level | Minor | Intermediate | Intermediate | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0354 | 1.0377 | 1.0400 | 1.0423 | 1.0446 | 1.0469 | 1.0492 |
Camarilla | 1.0410 | 1.0415 | 1.0419 | 1.0423 | 1.0427 | 1.0431 | 1.0436 |
Woodie | 1.0354 | 1.0377 | 1.0400 | 1.0423 | 1.0446 | 1.0469 | 1.0492 |
Fibonacci | 1.0377 | 1.0395 | 1.0405 | 1.0423 | 1.0441 | 1.0451 | 1.0469 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0259 | 1.0304 | 1.0363 | 1.0408 | 1.0467 | 1.0512 | 1.0571 |
Camarilla | 1.0394 | 1.0404 | 1.0414 | 1.0423 | 1.0433 | 1.0442 | 1.0452 |
Woodie | 1.0267 | 1.0308 | 1.0371 | 1.0412 | 1.0475 | 1.0516 | 1.0579 |
Fibonacci | 1.0304 | 1.0343 | 1.0368 | 1.0408 | 1.0447 | 1.0472 | 1.0512 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0075 | 1.0211 | 1.0295 | 1.0431 | 1.0515 | 1.0651 | 1.0735 |
Camarilla | 1.0318 | 1.0338 | 1.0358 | 1.0378 | 1.0398 | 1.0418 | 1.0439 |
Woodie | 1.0048 | 1.0198 | 1.0268 | 1.0418 | 1.0488 | 1.0638 | 1.0708 |
Fibonacci | 1.0211 | 1.0295 | 1.0347 | 1.0431 | 1.0515 | 1.0567 | 1.0651 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 56.70 | |
MACD (12,26,9): | 0.0001 | |
Directional Movement: | 14.1179 | |
AROON (14): | 78.5714 | |
DEMA (21): | 1.0417 | |
Parabolic SAR (0,02-0,02-0,2): | 1.0408 | |
Elder Ray (13): | 0.0009 | |
Super Trend (3,10): | 1.0438 | |
Zig ZAG (10): | 1.0425 | |
VORTEX (21): | 1.0776 | |
Stochastique (14,3,5): | 75.04 | |
TEMA (21): | 1.0418 | |
Williams %R (14): | -20.00 | |
Chande Momentum Oscillator (20): | 0.0010 | |
Repulse (5,40,3): | 0.0539 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0008 | |
Courbe Coppock: | 0.08 |
MA7: | 1.0414 | |
MA20: | 1.0447 | |
MA50: | 1.0543 | |
MA100: | 1.0648 | |
MAexp7: | 1.0418 | |
MAexp20: | 1.0416 | |
MAexp50: | 1.0416 | |
MAexp100: | 1.0415 | |
Price / MA7: | +0.10% | |
Price / MA20: | -0.22% | |
Price / MA50: | -1.13% | |
Price / MA100: | -2.10% | |
Price / MAexp7: | +0.06% | |
Price / MAexp20: | +0.08% | |
Price / MAexp50: | +0.08% | |
Price / MAexp100: | +0.09% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on AUD/NZD at the time of the analysis were 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
- Technical Analysis for EUR/USD, USD/CAD, AUD/NZD & More
- Charts for Next Week – EUR/USD, USD/JPY, AUD/NZD & More
- 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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