AUD/NZD - 1H - Technical analysis published on 11/06/2023 (GMT)
- 72
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
39%
11%
50%
My opinion
Bearish under 1.0916 NZD
My targets
1.0862 NZD (-0.0012)
1.0829 NZD (-0.0045)
My analysis
The basic trend is very bearish on AUD/NZD but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on AUD/NZD. As long as you stay below the resistance 1.0916 NZD, sellers' retain the upper hand. A break in the support at 1.0862 NZD would be a signal that the basic trend will reverse. Sellers would then use the next support located at 1.0829 NZD as an objective. Crossing it would then enable sellers to target 1.0734 NZD. If the price were to depress the resistance 1.0916 NZD in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.4
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 Flowryan. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/NZD rating 1.0874 NZD. On the day, this instrument gained +0.14% and was between 1.0844 NZD and 1.0891 NZD. This implies that the price is at +0.28% from its lowest and at -0.16% from its highest.1.0844
1.0891
1.0874
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/NZD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/NZD indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the global trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.0829 | 1.0853 | 1.0862 | 1.0874 | 1.0877 | 1.0916 | 1.0930 |
| Change (%) | -0.41% | -0.19% | -0.11% | - | +0.03% | +0.39% | +0.51% |
| Change | -0.0045 | -0.0021 | -0.0012 | - | +0.0003 | +0.0042 | +0.0056 |
| Level | Major | Intermediate | Minor | - | Minor | Intermediate | Intermediate |
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 | 1.0761 | 1.0805 | 1.0832 | 1.0876 | 1.0903 | 1.0947 | 1.0974 |
| Camarilla | 1.0840 | 1.0846 | 1.0853 | 1.0859 | 1.0866 | 1.0872 | 1.0879 |
| Woodie | 1.0753 | 1.0801 | 1.0824 | 1.0872 | 1.0895 | 1.0943 | 1.0966 |
| Fibonacci | 1.0805 | 1.0832 | 1.0849 | 1.0876 | 1.0903 | 1.0920 | 1.0947 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0728 | 1.0788 | 1.0824 | 1.0884 | 1.0920 | 1.0980 | 1.1016 |
| Camarilla | 1.0833 | 1.0841 | 1.0850 | 1.0859 | 1.0868 | 1.0877 | 1.0885 |
| Woodie | 1.0715 | 1.0782 | 1.0811 | 1.0878 | 1.0907 | 1.0974 | 1.1003 |
| Fibonacci | 1.0788 | 1.0825 | 1.0848 | 1.0884 | 1.0921 | 1.0944 | 1.0980 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0407 | 1.0516 | 1.0714 | 1.0823 | 1.1021 | 1.1130 | 1.1328 |
| Camarilla | 1.0829 | 1.0857 | 1.0885 | 1.0913 | 1.0941 | 1.0969 | 1.0997 |
| Woodie | 1.0453 | 1.0538 | 1.0760 | 1.0845 | 1.1067 | 1.1152 | 1.1374 |
| Fibonacci | 1.0516 | 1.0633 | 1.0705 | 1.0823 | 1.0940 | 1.1012 | 1.1130 |
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): | 49.00 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -0.2059 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.0874 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0865 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 1.0887 | |
| Zig ZAG (10): | 1.0874 | |
| VORTEX (21): | 1.0738 | |
| Stochastique (14,3,5): | 61.11 | |
| TEMA (21): | 1.0880 | |
| Williams %R (14): | -44.44 | |
| Chande Momentum Oscillator (20): | 0.0010 | |
| Repulse (5,40,3): | -0.0421 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0025 | |
| Courbe Coppock: | 0.17 |
| MA7: | 1.0897 | |
| MA20: | 1.0821 | |
| MA50: | 1.0811 | |
| MA100: | 1.0821 | |
| MAexp7: | 1.0877 | |
| MAexp20: | 1.0875 | |
| MAexp50: | 1.0882 | |
| MAexp100: | 1.0888 | |
| Price / MA7: | -0.21% | |
| Price / MA20: | +0.49% | |
| Price / MA50: | +0.58% | |
| Price / MA100: | +0.49% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.13% |
Quotes :
-
Real time data
-
Forex
News
The last news published on AUD/NZD at the time of the generation of this analysis was as follows:
-
Trade of the Week: long AUD/NZD
-
#AUDNZD at six-week high as RBA considers raising rates...
-
Trading the Trend: short AUD/NZD
-
Australian Dollar Analysis: AUD/USD and AUD/NZD May Bounce Before Selloff Resumes
-
EURUSD, USDJPY and AUDNZD Absorb ECB, Risk Trends, Key Data
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis AUD/NZD - 1H