NZD/USD - 1H - Technical analysis published on 09/25/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
44%
0%
56%
My opinion
Bearish under 0.6562 USD
My targets
0.6511 USD (-0.0036)
0.6437 USD (-0.0110)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.6562 USD remains possible. It is advisable to trade NZD/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.6562 USD. The next bearish objective for sellers is set at 0.6511 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.6437 USD. In case of crossing, the next objective would be the support located at 0.6243 USD. PS: if there is a bullish break in the resistance located at 0.6562 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.1
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This analysis was given by Remo. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/USD price is 0.6547 USD. On the day, this instrument lost -0.02% and was between 0.6542 USD and 0.6553 USD. This implies that the price is at +0.08% from its lowest and at -0.09% from its highest.0.6542
0.6553
0.6547
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/USD chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is slight given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.6243 | 0.6437 | 0.6511 | 0.6547 | 0.6562 | 0.6611 | 0.6676 |
| Change (%) | -4.64% | -1.68% | -0.55% | - | +0.23% | +0.98% | +1.97% |
| Change | -0.0304 | -0.0110 | -0.0036 | - | +0.0015 | +0.0064 | +0.0129 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | 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 | 0.6468 | 0.6489 | 0.6519 | 0.6540 | 0.6570 | 0.6591 | 0.6621 |
| Camarilla | 0.6534 | 0.6539 | 0.6543 | 0.6548 | 0.6553 | 0.6557 | 0.6562 |
| Woodie | 0.6472 | 0.6491 | 0.6523 | 0.6542 | 0.6574 | 0.6593 | 0.6625 |
| Fibonacci | 0.6489 | 0.6509 | 0.6521 | 0.6540 | 0.6560 | 0.6572 | 0.6591 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 53.51 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -1.9526 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 0.6539 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6538 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 0.6558 | |
| Zig ZAG (10): | 0.6549 | |
| VORTEX (21): | 1.0504 | |
| Stochastique (14,3,5): | 70.59 | |
| TEMA (21): | 0.6550 | |
| Williams %R (14): | -31.37 | |
| Chande Momentum Oscillator (20): | 0.0023 | |
| Repulse (5,40,3): | -0.0870 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0115 | |
| Courbe Coppock: | 0.67 |
| MA7: | 0.6636 | |
| MA20: | 0.6678 | |
| MA50: | 0.6639 | |
| MA100: | 0.6504 | |
| MAexp7: | 0.6546 | |
| MAexp20: | 0.6545 | |
| MAexp50: | 0.6566 | |
| MAexp100: | 0.6606 | |
| Price / MA7: | -1.34% | |
| Price / MA20: | -1.96% | |
| Price / MA50: | -1.39% | |
| Price / MA100: | +0.66% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -0.89% |
Quotes :
2020-09-25 01:33:35
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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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This member declared not having a position on this financial instrument or a related financial instrument.
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