NZD/USD

- USD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NZDUSD
ISIN:

NZD/USD - Daily - Technical analysis published on 08/03/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

39%

17%

44%

My opinion

Bullish above 0.6570 USD

My targets

0.6732 USD (+0.0123)

0.7042 USD (+0.0433)

My analysis

The bullish trend is currently very strong on NZD/USD. As long as the price remains above the support at 0.6570 USD, you could try to benefit from the boom. The first bullish objective is located at 0.6732 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.7042 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

6.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by RaviM. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

NZD/USD rating 0.6609 USD. The price registered a decrease of -0.32% on the session and was between 0.6575 USD and 0.6643 USD. This implies that the price is at +0.52% from its lowest and at -0.51% from its highest.

0.6575

0.6643

0.6609

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily 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 market scanner currently does not detect any result that concerns moving averages.

In fact, only 7 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

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

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6243	0.6437	0.6570	0.6609	0.6732	0.7042	0.7189
Change (%)	-5.54%	-2.60%	-0.59%	-	+1.86%	+6.55%	+8.78%
Change	-0.0366	-0.0172	-0.0039	-	+0.0123	+0.0433	+0.0580
Level	Minor	Major	Major	-	Major	Minor	Minor

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

Technical indicators

Moving averages

RSI (14):	54.36
MACD (12,26,9):	0.0051
Directional Movement:	12.6632
AROON (14):	92.8571
DEMA (21):	0.6673
Parabolic SAR (0,02-0,02-0,2):	0.6716
Elder Ray (13):	-0.0017
Super Trend (3,10):	0.6492
Zig ZAG (10):	0.6609
VORTEX (21):	1.0591
Stochastique (14,3,5):	66.24
TEMA (21):	0.6663
Williams %R (14):	-56.91
Chande Momentum Oscillator (20):	0.0069
Repulse (5,40,3):	-0.6385
ROCnROLL:	-1
TRIX (15,9):	0.1244
Courbe Coppock:	2.92

MA7:	0.6654
MA20:	0.6605
MA50:	0.6497
MA100:	0.6246
MAexp7:	0.6640
MAexp20:	0.6601
MAexp50:	0.6489
MAexp100:	0.6394
Price / MA7:	-0.68%
Price / MA20:	+0.06%
Price / MA50:	+1.72%
Price / MA100:	+5.81%
Price / MAexp7:	-0.47%
Price / MAexp20:	+0.12%
Price / MAexp50:	+1.85%
Price / MAexp100:	+3.36%

Quotes : 2020-08-03 18:07:30 - Real time data - Forex

News

The latest news and videos published on NZD/USD at the time of the analysis were as follows:

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

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