NZD/USD - 1H - Technical analysis published on 08/12/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 0.6589 USD
My targets
0.6506 USD (-0.0036)
0.6437 USD (-0.0105)
My analysis
NZD/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.6589 USD. The next support located at 0.6506 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.6437 USD. Below this support, sellers could then target 0.6243 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.9
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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 0.6542 USD. On the day, this instrument lost -0.40% and was traded between 0.6524 USD and 0.6575 USD over the period. The price is currently at +0.28% from its lowest and -0.50% from its highest.0.6524
0.6575
0.6542
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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
Technical analysis of NZD/USD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
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 | 0.6139 | 0.6243 | 0.6437 | 0.6542 | 0.6589 | 0.6614 | 0.6627 |
| Change (%) | -6.16% | -4.57% | -1.61% | - | +0.72% | +1.10% | +1.30% |
| Change | -0.0403 | -0.0299 | -0.0105 | - | +0.0047 | +0.0072 | +0.0085 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | Major |
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 | 0.6483 | 0.6523 | 0.6546 | 0.6586 | 0.6609 | 0.6649 | 0.6672 |
| Camarilla | 0.6551 | 0.6556 | 0.6562 | 0.6568 | 0.6574 | 0.6580 | 0.6585 |
| Woodie | 0.6474 | 0.6519 | 0.6537 | 0.6582 | 0.6600 | 0.6645 | 0.6663 |
| Fibonacci | 0.6523 | 0.6547 | 0.6562 | 0.6586 | 0.6610 | 0.6625 | 0.6649 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6437 | 0.6506 | 0.6553 | 0.6622 | 0.6669 | 0.6738 | 0.6785 |
| Camarilla | 0.6568 | 0.6579 | 0.6589 | 0.6600 | 0.6611 | 0.6621 | 0.6632 |
| Woodie | 0.6426 | 0.6501 | 0.6542 | 0.6617 | 0.6658 | 0.6733 | 0.6774 |
| Fibonacci | 0.6506 | 0.6550 | 0.6578 | 0.6622 | 0.6666 | 0.6694 | 0.6738 |
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): | 27.62 | |
| MACD (12,26,9): | -0.0013 | |
| Directional Movement: | -29.4748 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 0.6559 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6573 | |
| Elder Ray (13): | -0.0022 | |
| Super Trend (3,10): | 0.6591 | |
| Zig ZAG (10): | 0.6543 | |
| VORTEX (21): | 0.8110 | |
| Stochastique (14,3,5): | 29.73 | |
| TEMA (21): | 0.6551 | |
| Williams %R (14): | -73.97 | |
| Chande Momentum Oscillator (20): | -0.0045 | |
| Repulse (5,40,3): | -0.2890 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0195 | |
| Courbe Coppock: | 1.21 |
| MA7: | 0.6611 | |
| MA20: | 0.6624 | |
| MA50: | 0.6545 | |
| MA100: | 0.6305 | |
| MAexp7: | 0.6557 | |
| MAexp20: | 0.6574 | |
| MAexp50: | 0.6591 | |
| MAexp100: | 0.6607 | |
| Price / MA7: | -1.04% | |
| Price / MA20: | -1.24% | |
| Price / MA50: | -0.05% | |
| Price / MA100: | +3.76% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | -0.49% | |
| Price / MAexp50: | -0.74% | |
| Price / MAexp100: | -0.98% |
Quotes :
2020-08-12 04:50:21
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Real time data
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Forex
News
Don"t forget to follow the news on NZD/USD. At the time of publication of this analysis, the latest news 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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