NZD/USD - 1H - Technical analysis published on 04/06/2020 (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 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:
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.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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:
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:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 0.5753 | 0.5798 | 0.5828 | 0.5873 | 0.5903 | 0.5948 | 0.5978 |
Camarilla | 0.5837 | 0.5844 | 0.5851 | 0.5858 | 0.5865 | 0.5872 | 0.5879 |
Woodie | 0.5746 | 0.5794 | 0.5821 | 0.5869 | 0.5896 | 0.5944 | 0.5971 |
Fibonacci | 0.5798 | 0.5827 | 0.5844 | 0.5873 | 0.5902 | 0.5919 | 0.5948 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.5558 | 0.5701 | 0.5779 | 0.5922 | 0.6000 | 0.6143 | 0.6221 |
Camarilla | 0.5797 | 0.5818 | 0.5838 | 0.5858 | 0.5878 | 0.5899 | 0.5919 |
Woodie | 0.5527 | 0.5685 | 0.5748 | 0.5906 | 0.5969 | 0.6127 | 0.6190 |
Fibonacci | 0.5701 | 0.5785 | 0.5837 | 0.5922 | 0.6006 | 0.6058 | 0.6143 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.4484 | 0.4976 | 0.5463 | 0.5955 | 0.6442 | 0.6934 | 0.7421 |
Camarilla | 0.5680 | 0.5770 | 0.5859 | 0.5949 | 0.6039 | 0.6129 | 0.6218 |
Woodie | 0.4481 | 0.4975 | 0.5460 | 0.5954 | 0.6439 | 0.6933 | 0.7418 |
Fibonacci | 0.4976 | 0.5350 | 0.5581 | 0.5955 | 0.6329 | 0.6560 | 0.6934 |
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% |
News
The last news published on NZD/USD at the time of the generation of this analysis was as follows:
- New Zealand Dollar Analysis: NZDUSD Yawns at CPI Data, Breakdown Risk Remains (Webinar Archive)
- NZD/USD Forecast December 26, 2019
- RBNZ Rate Hold Coverage, NZD/USD Technical Analysis With Daniel Dubrovsky
- How to Identify NZDUSD and DAX 30 Price Trends with Trader Sentiment
- NZDUSD - Select a Pair With Both a Strong and Weak Currency
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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…
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