NZD/USD
NZD USD
- USD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: NZDUSD
ISIN:

NZD/USD - 1H - Technical analysis published on 09/23/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 0.6611 USD
My targets
0.6540 USD (-0.0062)
0.6437 USD (-0.0165)
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 0.6611 USD. The next support located at 0.6540 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.7

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 pyxis2025. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The NZD/USD price is 0.6602 USD. On the day, this instrument lost -0.44% with the lowest point at 0.6599 USD and the highest point at 0.6633 USD. The deviation from the price is +0.05% for the low point and -0.47% for the high point.

0.6599
0.6633
0.6602

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

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 Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

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. 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 currently does not detect any result that concerns moving averages.

In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

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


S3S2S1PriceR1R2R3
ProTrendLines 0.6138 0.6243 0.6437 0.6602 0.6611 0.6640 0.6688
Change (%) -7.03% -5.44% -2.50% - +0.14% +0.58% +1.30%
Change -0.0464 -0.0359 -0.0165 - +0.0009 +0.0038 +0.0086
Level Minor Minor Major - Major Minor Minor



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
Standard0.65400.65810.66060.66470.66720.67130.6738
Camarilla0.66130.66190.66250.66310.66370.66430.6649
Woodie0.65320.65770.65980.66430.66640.67090.6730
Fibonacci0.65810.66060.66220.66470.66720.66880.6713


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.65400.66000.66790.67390.68180.68780.6957
Camarilla0.67210.67340.67460.67590.67720.67850.6797
Woodie0.65510.66050.66900.67440.68290.68830.6968
Fibonacci0.66000.66530.66860.67390.67920.68250.6878


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.62840.63870.65590.66620.68340.69370.7109
Camarilla0.66560.66820.67070.67320.67570.67820.6808
Woodie0.63200.64040.65950.66790.68700.69540.7145
Fibonacci0.63870.64920.65570.66620.67670.68320.6937

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): 25.92
MACD (12,26,9): -0.0017
Directional Movement: -27.3877
AROON (14): -100.0000
DEMA (21): 0.6617
Parabolic SAR (0,02-0,02-0,2): 0.6656
Elder Ray (13): -0.0024
Super Trend (3,10): 0.6648
Zig ZAG (10): 0.6605
VORTEX (21): 0.7842
Stochastique (14,3,5): 9.50
TEMA (21): 0.6616
Williams %R (14): -91.89
Chande Momentum Oscillator (20): -0.0052
Repulse (5,40,3): -0.3682
ROCnROLL: 2
TRIX (15,9): -0.0332
Courbe Coppock: 1.22
MA7: 0.6694
MA20: 0.6695
MA50: 0.6640
MA100: 0.6496
MAexp7: 0.6622
MAexp20: 0.6640
MAexp50: 0.6670
MAexp100: 0.6693
Price / MA7: -1.37%
Price / MA20: -1.39%
Price / MA50: -0.57%
Price / MA100: +1.63%
Price / MAexp7: -0.30%
Price / MAexp20: -0.57%
Price / MAexp50: -1.02%
Price / MAexp100: -1.36%

Quotes : 2020-09-23 01:42:40 - Real time data - Forex

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

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