NZD/USD - 1H - Technical analysis published on 09/24/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 0.6600 USD
My targets
0.6535 USD (-0.0015)
0.6437 USD (-0.0113)
My analysis
The bearish trend is currently very strong for NZD/USD. As long as the price remains below the resistance at 0.6600 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.6535 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.6437 USD as an objective. Crossing it would then enable sellers to target 0.6243 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.6
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This analysis was given by RaviM. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/USD price is 0.6550 USD. On the day, this instrument gained +0.12% and was traded between 0.6542 USD and 0.6557 USD over the period. The price is currently at +0.12% from its lowest and -0.11% from its highest.0.6542
0.6557
0.6550
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 this 1H chart of NZD/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 6 are bullish, 3 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
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:
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 | 0.6243 | 0.6437 | 0.6535 | 0.6550 | 0.6611 | 0.6649 | 0.6702 |
| Change (%) | -4.69% | -1.73% | -0.23% | - | +0.93% | +1.51% | +2.32% |
| Change | -0.0307 | -0.0113 | -0.0015 | - | +0.0061 | +0.0099 | +0.0152 |
| Level | Minor | Major | Intermediate | - | Major | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6389 | 0.6462 | 0.6502 | 0.6575 | 0.6615 | 0.6688 | 0.6728 |
| Camarilla | 0.6511 | 0.6521 | 0.6532 | 0.6542 | 0.6552 | 0.6563 | 0.6573 |
| Woodie | 0.6373 | 0.6454 | 0.6486 | 0.6567 | 0.6599 | 0.6680 | 0.6712 |
| Fibonacci | 0.6462 | 0.6505 | 0.6532 | 0.6575 | 0.6618 | 0.6645 | 0.6688 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6540 | 0.6600 | 0.6679 | 0.6739 | 0.6818 | 0.6878 | 0.6957 |
| Camarilla | 0.6721 | 0.6734 | 0.6746 | 0.6759 | 0.6772 | 0.6785 | 0.6797 |
| Woodie | 0.6551 | 0.6605 | 0.6690 | 0.6744 | 0.6829 | 0.6883 | 0.6968 |
| Fibonacci | 0.6600 | 0.6653 | 0.6686 | 0.6739 | 0.6792 | 0.6825 | 0.6878 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6284 | 0.6387 | 0.6559 | 0.6662 | 0.6834 | 0.6937 | 0.7109 |
| Camarilla | 0.6656 | 0.6682 | 0.6707 | 0.6732 | 0.6757 | 0.6782 | 0.6808 |
| Woodie | 0.6320 | 0.6404 | 0.6595 | 0.6679 | 0.6870 | 0.6954 | 0.7145 |
| Fibonacci | 0.6387 | 0.6492 | 0.6557 | 0.6662 | 0.6767 | 0.6832 | 0.6937 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 29.17 | |
| MACD (12,26,9): | -0.0021 | |
| Directional Movement: | -19.7014 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 0.6541 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6537 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 0.6581 | |
| Zig ZAG (10): | 0.6549 | |
| VORTEX (21): | 0.7388 | |
| Stochastique (14,3,5): | 18.25 | |
| TEMA (21): | 0.6539 | |
| Williams %R (14): | -75.86 | |
| Chande Momentum Oscillator (20): | -0.0033 | |
| Repulse (5,40,3): | 0.0221 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0469 | |
| Courbe Coppock: | 1.33 |
| MA7: | 0.6662 | |
| MA20: | 0.6688 | |
| MA50: | 0.6639 | |
| MA100: | 0.6500 | |
| MAexp7: | 0.6551 | |
| MAexp20: | 0.6569 | |
| MAexp50: | 0.6609 | |
| MAexp100: | 0.6647 | |
| Price / MA7: | -1.68% | |
| Price / MA20: | -2.06% | |
| Price / MA50: | -1.34% | |
| Price / MA100: | +0.77% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.29% | |
| Price / MAexp50: | -0.89% | |
| Price / MAexp100: | -1.46% |
Quotes :
2020-09-24 01:42:15
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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:
-
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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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