NZD/USD - 1H - Technical analysis published on 08/07/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 0.6655 USD
My targets
0.6680 USD (+0.0012)
0.6703 USD (+0.0035)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NZD/USD. As long as you are above the support located at 0.6655 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.6680 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.6703 USD as an objective. Crossing it would then enable buyers to target 0.6716 USD. If the support 0.6655 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more 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
4.8
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This analysis was given by dan740. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NZD/USD rating 0.6668 USD. The price is lower by -0.22% since the last closing and was between 0.6666 USD and 0.6691 USD. This implies that the price is at +0.03% from its lowest and at -0.34% from its highest.0.6666
0.6691
0.6668
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 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.6575 | 0.6629 | 0.6655 | 0.6668 | 0.6680 | 0.6703 | 0.6716 |
| Change (%) | -1.39% | -0.58% | -0.19% | - | +0.18% | +0.52% | +0.72% |
| Change | -0.0093 | -0.0039 | -0.0013 | - | +0.0012 | +0.0035 | +0.0048 |
| Level | Minor | Major | Minor | - | Intermediate | 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 | 0.6581 | 0.6604 | 0.6644 | 0.6667 | 0.6707 | 0.6730 | 0.6770 |
| Camarilla | 0.6666 | 0.6672 | 0.6677 | 0.6683 | 0.6689 | 0.6695 | 0.6700 |
| Woodie | 0.6589 | 0.6608 | 0.6652 | 0.6671 | 0.6715 | 0.6734 | 0.6778 |
| Fibonacci | 0.6604 | 0.6628 | 0.6643 | 0.6667 | 0.6691 | 0.6706 | 0.6730 |
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): | 54.78 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 7.5303 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 0.6682 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6691 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 0.6649 | |
| Zig ZAG (10): | 0.6673 | |
| VORTEX (21): | 1.1341 | |
| Stochastique (14,3,5): | 71.16 | |
| TEMA (21): | 0.6685 | |
| Williams %R (14): | -37.50 | |
| Chande Momentum Oscillator (20): | 0.0013 | |
| Repulse (5,40,3): | -0.1114 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.85 |
| MA7: | 0.6655 | |
| MA20: | 0.6625 | |
| MA50: | 0.6534 | |
| MA100: | 0.6282 | |
| MAexp7: | 0.6678 | |
| MAexp20: | 0.6671 | |
| MAexp50: | 0.6658 | |
| MAexp100: | 0.6650 | |
| Price / MA7: | +0.20% | |
| Price / MA20: | +0.65% | |
| Price / MA50: | +2.05% | |
| Price / MA100: | +6.14% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | +0.27% |
Quotes :
2020-08-07 03:37:36
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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:
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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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