NZD/USD
NZD USD
- USD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: NZDUSD
ISIN:

NZD/USD - 1H - Technical analysis published on 04/06/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.5912 USD
My targets
0.5975 USD (+0.0036)
0.6000 USD (+0.0061)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on NZD/USD. This is a positive signal for buyers. As long as the price remains above 0.5912 USD, a purchase could be considered. The first bullish objective is located at 0.5975 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.6000 USD as an objective. Crossing it would then enable buyers to target 0.6070 USD. In the event of a return below 0.5912 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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
6.1

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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The NZD/USD price is 0.5939 USD. The price is lower by +1.38% since the last closing and was traded between 0.5850 USD and 0.5964 USD over the period. The price is currently at +1.52% from its lowest and -0.42% from its highest.

0.5850
0.5964
0.5939

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 20 days

Technical


A technical analysis in 1H of this NZD/USD chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Moving Average bullish crossovers : MA20 & MA50

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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 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:

Central Patterns

Horizontal resistance 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


S3S2S1PriceR1R2R3
ProTrendLines 0.5843 0.5879 0.5912 0.5939 0.5975 0.6070 0.6259
Change (%) -1.62% -1.01% -0.45% - +0.61% +2.21% +5.39%
Change -0.0096 -0.0060 -0.0027 - +0.0036 +0.0131 +0.0320
Level Intermediate Intermediate Minor - Intermediate Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.57530.57980.58280.58730.59030.59480.5978
Camarilla0.58370.58440.58510.58580.58650.58720.5879
Woodie0.57460.57940.58210.58690.58960.59440.5971
Fibonacci0.57980.58270.58440.58730.59020.59190.5948


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.55580.57010.57790.59220.60000.61430.6221
Camarilla0.57970.58180.58380.58580.58780.58990.5919
Woodie0.55270.56850.57480.59060.59690.61270.6190
Fibonacci0.57010.57850.58370.59220.60060.60580.6143


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.44840.49760.54630.59550.64420.69340.7421
Camarilla0.56800.57700.58590.59490.60390.61290.6218
Woodie0.44810.49750.54600.59540.64390.69330.7418
Fibonacci0.49760.53500.55810.59550.63290.65600.6934

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 64.98
MACD (12,26,9): 0.0017
Directional Movement: 19.6240
AROON (14): 71.4285
DEMA (21): 0.5928
Parabolic SAR (0,02-0,02-0,2): 0.5919
Elder Ray (13): 0.0015
Super Trend (3,10): 0.5886
Zig ZAG (10): 0.5940
VORTEX (21): 1.1877
Stochastique (14,3,5): 81.30
TEMA (21): 0.5947
Williams %R (14): -24.49
Chande Momentum Oscillator (20): 0.0055
Repulse (5,40,3): -0.0869
ROCnROLL: 1
TRIX (15,9): 0.0253
Courbe Coppock: 2.28
MA7: 0.5949
MA20: 0.5940
MA50: 0.6209
MA100: 0.6394
MAexp7: 0.5932
MAexp20: 0.5910
MAexp50: 0.5903
MAexp100: 0.5910
Price / MA7: -0.17%
Price / MA20: -0.02%
Price / MA50: -4.35%
Price / MA100: -7.12%
Price / MAexp7: +0.13%
Price / MAexp20: +0.51%
Price / MAexp50: +0.63%
Price / MAexp100: +0.51%

This member declared not having a position on this financial instrument or a related financial instrument.

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