NZD/USD - 1H - Technical analysis published on 10/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.6613 USD
My targets
0.6685 USD (+0.0036)
0.6732 USD (+0.0083)
My analysis
NZD/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.6613 USD. The next resistance located at 0.6685 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.6732 USD. After this resistance, buyers could then target 0.7189 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NZD/USD rating 0.6649 USD. On the day, this instrument lost -0.06% and was between 0.6642 USD and 0.6657 USD. This implies that the price is at +0.11% from its lowest and at -0.12% from its highest.0.6642
0.6657
0.6649
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 strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish 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, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.6535 | 0.6569 | 0.6613 | 0.6649 | 0.6655 | 0.6732 | 0.7189 |
| Change (%) | -1.71% | -1.20% | -0.54% | - | +0.09% | +1.25% | +8.12% |
| Change | -0.0114 | -0.0080 | -0.0036 | - | +0.0006 | +0.0083 | +0.0540 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6610 | 0.6620 | 0.6636 | 0.6646 | 0.6662 | 0.6672 | 0.6688 |
| Camarilla | 0.6646 | 0.6648 | 0.6651 | 0.6653 | 0.6655 | 0.6658 | 0.6660 |
| Woodie | 0.6614 | 0.6622 | 0.6640 | 0.6648 | 0.6666 | 0.6674 | 0.6692 |
| Fibonacci | 0.6620 | 0.6630 | 0.6636 | 0.6646 | 0.6656 | 0.6662 | 0.6672 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6443 | 0.6490 | 0.6564 | 0.6611 | 0.6685 | 0.6732 | 0.6806 |
| Camarilla | 0.6605 | 0.6616 | 0.6627 | 0.6638 | 0.6649 | 0.6660 | 0.6671 |
| Woodie | 0.6457 | 0.6497 | 0.6578 | 0.6618 | 0.6699 | 0.6739 | 0.6820 |
| Fibonacci | 0.6490 | 0.6536 | 0.6565 | 0.6611 | 0.6657 | 0.6686 | 0.6732 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6202 | 0.6356 | 0.6489 | 0.6643 | 0.6776 | 0.6930 | 0.7063 |
| Camarilla | 0.6542 | 0.6568 | 0.6595 | 0.6621 | 0.6647 | 0.6674 | 0.6700 |
| Woodie | 0.6191 | 0.6351 | 0.6478 | 0.6638 | 0.6765 | 0.6925 | 0.7052 |
| Fibonacci | 0.6356 | 0.6466 | 0.6534 | 0.6643 | 0.6753 | 0.6821 | 0.6930 |
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): | 55.35 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 0.3306 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 0.6648 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6634 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 0.6622 | |
| Zig ZAG (10): | 0.6650 | |
| VORTEX (21): | 1.0192 | |
| Stochastique (14,3,5): | 78.57 | |
| TEMA (21): | 0.6649 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | 0.0267 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0036 | |
| Courbe Coppock: | 0.12 |
| MA7: | 0.6626 | |
| MA20: | 0.6648 | |
| MA50: | 0.6637 | |
| MA100: | 0.6545 | |
| MAexp7: | 0.6648 | |
| MAexp20: | 0.6645 | |
| MAexp50: | 0.6640 | |
| MAexp100: | 0.6629 | |
| Price / MA7: | +0.35% | |
| Price / MA20: | +0.02% | |
| Price / MA50: | +0.18% | |
| Price / MA100: | +1.59% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.30% |
Quotes :
2020-10-06 02:49:40
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Real time data
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Forex
News
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This member declared not having a position on this financial instrument or a related financial instrument.
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