NZD/USD - Daily - Technical analysis published on 07/02/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 0.6439 USD
My targets
0.6566 USD (+0.0079)
0.6732 USD (+0.0245)
My analysis
The bullish trend is currently very strong on NZD/USD. As long as the price remains above the support at 0.6439 USD, you could try to benefit from the boom. The first bullish objective is located at 0.6566 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.6732 USD as an objective. Crossing it would then enable buyers to target 0.7189 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.9
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This analysis was given by RaviM. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NZD/USD rating 0.6487 USD. The price registered an increase of +0.14% on the session with the lowest point at 0.6475 USD and the highest point at 0.6491 USD. The deviation from the price is +0.19% for the low point and -0.06% for the high point.0.6475
0.6491
0.6487
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NZD/USD in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.6139 | 0.6259 | 0.6439 | 0.6487 | 0.6566 | 0.6732 | 0.7189 |
| Change (%) | -5.36% | -3.51% | -0.74% | - | +1.22% | +3.78% | +10.82% |
| Change | -0.0348 | -0.0228 | -0.0048 | - | +0.0079 | +0.0245 | +0.0702 |
| Level | Minor | Major | Major | - | Intermediate | Major | 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 | 0.6393 | 0.6417 | 0.6447 | 0.6471 | 0.6501 | 0.6525 | 0.6555 |
| Camarilla | 0.6463 | 0.6468 | 0.6473 | 0.6478 | 0.6483 | 0.6488 | 0.6493 |
| Woodie | 0.6397 | 0.6419 | 0.6451 | 0.6473 | 0.6505 | 0.6527 | 0.6559 |
| Fibonacci | 0.6417 | 0.6437 | 0.6450 | 0.6471 | 0.6491 | 0.6504 | 0.6525 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6194 | 0.6285 | 0.6353 | 0.6444 | 0.6512 | 0.6603 | 0.6671 |
| Camarilla | 0.6378 | 0.6393 | 0.6407 | 0.6422 | 0.6437 | 0.6451 | 0.6466 |
| Woodie | 0.6184 | 0.6279 | 0.6343 | 0.6438 | 0.6502 | 0.6597 | 0.6661 |
| Fibonacci | 0.6285 | 0.6345 | 0.6383 | 0.6444 | 0.6504 | 0.6542 | 0.6603 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5820 | 0.6000 | 0.6225 | 0.6405 | 0.6630 | 0.6810 | 0.7035 |
| Camarilla | 0.6339 | 0.6376 | 0.6413 | 0.6450 | 0.6487 | 0.6524 | 0.6561 |
| Woodie | 0.5843 | 0.6011 | 0.6248 | 0.6416 | 0.6653 | 0.6821 | 0.7058 |
| Fibonacci | 0.6000 | 0.6155 | 0.6250 | 0.6405 | 0.6560 | 0.6655 | 0.6810 |
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): | 60.15 | |
| MACD (12,26,9): | 0.0052 | |
| Directional Movement: | 11.3601 | |
| AROON (14): | 7.1429 | |
| DEMA (21): | 0.6502 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6528 | |
| Elder Ray (13): | 0.0036 | |
| Super Trend (3,10): | 0.6289 | |
| Zig ZAG (10): | 0.6489 | |
| VORTEX (21): | 1.0674 | |
| Stochastique (14,3,5): | 60.95 | |
| TEMA (21): | 0.6487 | |
| Williams %R (14): | -28.93 | |
| Chande Momentum Oscillator (20): | 0.0031 | |
| Repulse (5,40,3): | 0.9089 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1561 | |
| Courbe Coppock: | 0.49 |
| MA7: | 0.6442 | |
| MA20: | 0.6464 | |
| MA50: | 0.6261 | |
| MA100: | 0.6178 | |
| MAexp7: | 0.6457 | |
| MAexp20: | 0.6423 | |
| MAexp50: | 0.6317 | |
| MAexp100: | 0.6279 | |
| Price / MA7: | +0.70% | |
| Price / MA20: | +0.36% | |
| Price / MA50: | +3.61% | |
| Price / MA100: | +5.00% | |
| Price / MAexp7: | +0.48% | |
| Price / MAexp20: | +1.01% | |
| Price / MAexp50: | +2.71% | |
| Price / MAexp100: | +3.33% |
Quotes :
2020-07-02 01:32:43
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Real time data
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Forex
News
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This member declared not having a position on this financial instrument or a related financial instrument.
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