NZD/USD - 1H - Technical analysis published on 08/03/2020 (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 bearish
De fond:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 0.6633 USD
My targets
0.6595 USD (-0.0030)
0.6570 USD (-0.0055)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NZD/USD as long as the price remains well below 0.6633 USD. The sellers” bearish objective is set at 0.6595 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.6570 USD. In case of crossing, the next objective would be the support located at 0.6437 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/USD rating is 0.6625 USD. The price registered a decrease of -0.08% on the session with the lowest point at 0.6614 USD and the highest point at 0.6643 USD. The deviation from the price is +0.17% for the low point and -0.27% for the high point.0.6614
0.6643
0.6625
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 NZD/USD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/USD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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 | 0.6437 | 0.6570 | 0.6620 | 0.6625 | 0.6633 | 0.6651 | 0.6690 |
| Change (%) | -2.84% | -0.83% | -0.08% | - | +0.12% | +0.39% | +0.98% |
| Change | -0.0188 | -0.0055 | -0.0005 | - | +0.0008 | +0.0026 | +0.0065 |
| Level | Major | Major | Intermediate | - | Intermediate | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6504 | 0.6563 | 0.6597 | 0.6656 | 0.6690 | 0.6749 | 0.6783 |
| Camarilla | 0.6604 | 0.6613 | 0.6622 | 0.6630 | 0.6639 | 0.6647 | 0.6656 |
| Woodie | 0.6491 | 0.6557 | 0.6584 | 0.6650 | 0.6677 | 0.6743 | 0.6770 |
| Fibonacci | 0.6563 | 0.6599 | 0.6621 | 0.6656 | 0.6692 | 0.6714 | 0.6749 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6499 | 0.6559 | 0.6595 | 0.6655 | 0.6691 | 0.6751 | 0.6787 |
| Camarilla | 0.6604 | 0.6612 | 0.6621 | 0.6630 | 0.6639 | 0.6648 | 0.6656 |
| Woodie | 0.6486 | 0.6553 | 0.6582 | 0.6649 | 0.6678 | 0.6745 | 0.6774 |
| Fibonacci | 0.6559 | 0.6596 | 0.6619 | 0.6655 | 0.6692 | 0.6715 | 0.6751 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6199 | 0.6319 | 0.6475 | 0.6595 | 0.6751 | 0.6871 | 0.7027 |
| Camarilla | 0.6554 | 0.6579 | 0.6605 | 0.6630 | 0.6655 | 0.6681 | 0.6706 |
| Woodie | 0.6216 | 0.6328 | 0.6492 | 0.6604 | 0.6768 | 0.6880 | 0.7044 |
| Fibonacci | 0.6319 | 0.6425 | 0.6490 | 0.6595 | 0.6701 | 0.6766 | 0.6871 |
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): | 38.66 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | -13.0261 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 0.6628 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6616 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 0.6672 | |
| Zig ZAG (10): | 0.6623 | |
| VORTEX (21): | 0.8254 | |
| Stochastique (14,3,5): | 66.97 | |
| TEMA (21): | 0.6623 | |
| Williams %R (14): | -65.52 | |
| Chande Momentum Oscillator (20): | -0.0009 | |
| Repulse (5,40,3): | -0.1932 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0231 | |
| Courbe Coppock: | 0.41 |
| MA7: | 0.6656 | |
| MA20: | 0.6606 | |
| MA50: | 0.6497 | |
| MA100: | 0.6246 | |
| MAexp7: | 0.6632 | |
| MAexp20: | 0.6640 | |
| MAexp50: | 0.6651 | |
| MAexp100: | 0.6654 | |
| Price / MA7: | -0.47% | |
| Price / MA20: | +0.29% | |
| Price / MA50: | +1.97% | |
| Price / MA100: | +6.07% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.23% | |
| Price / MAexp50: | -0.39% | |
| Price / MAexp100: | -0.44% |
Quotes :
2020-08-03 06:50:11
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Real time data
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Forex
News
The last news published on NZD/USD at the time of the generation of this analysis was as follows:
-
S&P 500 Can't Extend a Bullish Gap, Dollar Drop Cues USDCAD, NZDUSD Breaks
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New Zealand Dollar Analysis: NZDUSD Yawns at CPI Data, Breakdown Risk Remains (Webinar Archive)
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NZD/USD Forecast December 26, 2019
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RBNZ Rate Hold Coverage, NZD/USD Technical Analysis With Daniel Dubrovsky
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How to Identify NZDUSD and DAX 30 Price Trends with Trader Sentiment
This member declared not having a position on this financial instrument or a related financial instrument.
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