NZD/USD - 1H - Technical analysis published on 07/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 0.6537 USD
My targets
0.6588 USD (+0.0041)
0.6641 USD (+0.0094)
My analysis
NZD/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.6537 USD. The next resistance located at 0.6588 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.6641 USD. After this resistance, buyers could then target 0.6732 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem 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
7.5
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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
NZD/USD rating 0.6547 USD. On the day, this instrument gained +0.17% and was between 0.6512 USD and 0.6566 USD. This implies that the price is at +0.54% from its lowest and at -0.29% from its highest.0.6512
0.6566
0.6547
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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 this 1H chart of NZD/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.6451 | 0.6512 | 0.6537 | 0.6547 | 0.6732 | 0.7189 | 0.7395 |
| Change (%) | -1.47% | -0.53% | -0.15% | - | +2.83% | +9.81% | +12.95% |
| Change | -0.0096 | -0.0035 | -0.0010 | - | +0.0185 | +0.0642 | +0.0848 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | 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 | 0.6479 | 0.6491 | 0.6514 | 0.6526 | 0.6549 | 0.6561 | 0.6584 |
| Camarilla | 0.6526 | 0.6530 | 0.6533 | 0.6536 | 0.6539 | 0.6542 | 0.6546 |
| Woodie | 0.6484 | 0.6494 | 0.6519 | 0.6529 | 0.6554 | 0.6564 | 0.6589 |
| Fibonacci | 0.6491 | 0.6505 | 0.6513 | 0.6526 | 0.6540 | 0.6548 | 0.6561 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6280 | 0.6333 | 0.6434 | 0.6487 | 0.6588 | 0.6641 | 0.6742 |
| Camarilla | 0.6494 | 0.6508 | 0.6522 | 0.6536 | 0.6550 | 0.6564 | 0.6578 |
| Woodie | 0.6305 | 0.6345 | 0.6459 | 0.6499 | 0.6613 | 0.6653 | 0.6767 |
| Fibonacci | 0.6333 | 0.6392 | 0.6428 | 0.6487 | 0.6546 | 0.6582 | 0.6641 |
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 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): | 56.92 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | 8.2467 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 0.6551 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6559 | |
| Elder Ray (13): | 0.0008 | |
| Super Trend (3,10): | 0.6525 | |
| Zig ZAG (10): | 0.6552 | |
| VORTEX (21): | 1.0509 | |
| Stochastique (14,3,5): | 57.84 | |
| TEMA (21): | 0.6551 | |
| Williams %R (14): | -32.35 | |
| Chande Momentum Oscillator (20): | 0.0004 | |
| Repulse (5,40,3): | 0.1428 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0147 | |
| Courbe Coppock: | 0.27 |
| MA7: | 0.6481 | |
| MA20: | 0.6465 | |
| MA50: | 0.6283 | |
| MA100: | 0.6181 | |
| MAexp7: | 0.6548 | |
| MAexp20: | 0.6543 | |
| MAexp50: | 0.6528 | |
| MAexp100: | 0.6505 | |
| Price / MA7: | +1.02% | |
| Price / MA20: | +1.27% | |
| Price / MA50: | +4.20% | |
| Price / MA100: | +5.92% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.29% | |
| Price / MAexp100: | +0.65% |
Quotes :
2020-07-06 14:11:21
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Real time data
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Forex
News
The latest news and videos published on NZD/USD at the time of the analysis were as follows:
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NZD/USD Forecast December 26, 2019
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This member declared not having a position on this financial instrument or a related financial instrument.
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