NZD/USD - 1H - Technical analysis published on 10/07/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 0.6613 USD
My targets
0.6593 USD (-0.0007)
0.6569 USD (-0.0031)
My analysis
The bearish trend is currently very strong for NZD/USD. As long as the price remains below the resistance at 0.6613 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.6593 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.6569 USD as an objective. Crossing it would then enable sellers to target 0.6552 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, 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
5.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NZD/USD rating 0.6600 USD. On the day, this instrument gained +0.15% with the lowest point at 0.6575 USD and the highest point at 0.6601 USD. The deviation from the price is +0.38% for the low point and -0.02% for the high point.0.6575
0.6601
0.6600
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/USD chart shows a sharp 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
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 | 0.6552 | 0.6569 | 0.6593 | 0.6600 | 0.6613 | 0.6646 | 0.6657 |
| Change (%) | -0.73% | -0.47% | -0.11% | - | +0.20% | +0.70% | +0.86% |
| Change | -0.0048 | -0.0031 | -0.0007 | - | +0.0013 | +0.0046 | +0.0057 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Major |
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 | 0.6478 | 0.6527 | 0.6559 | 0.6608 | 0.6640 | 0.6689 | 0.6721 |
| Camarilla | 0.6568 | 0.6575 | 0.6583 | 0.6590 | 0.6597 | 0.6605 | 0.6612 |
| Woodie | 0.6469 | 0.6523 | 0.6550 | 0.6604 | 0.6631 | 0.6685 | 0.6712 |
| Fibonacci | 0.6527 | 0.6558 | 0.6577 | 0.6608 | 0.6639 | 0.6658 | 0.6689 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 43.23 | |
| MACD (12,26,9): | -0.0011 | |
| Directional Movement: | -8.5449 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 0.6589 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6575 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 0.6628 | |
| Zig ZAG (10): | 0.6599 | |
| VORTEX (21): | 0.8566 | |
| Stochastique (14,3,5): | 39.14 | |
| TEMA (21): | 0.6582 | |
| Williams %R (14): | -61.67 | |
| Chande Momentum Oscillator (20): | 0.0000 | |
| Repulse (5,40,3): | 0.1339 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0297 | |
| Courbe Coppock: | 1.29 |
| MA7: | 0.6622 | |
| MA20: | 0.6641 | |
| MA50: | 0.6634 | |
| MA100: | 0.6549 | |
| MAexp7: | 0.6595 | |
| MAexp20: | 0.6604 | |
| MAexp50: | 0.6619 | |
| MAexp100: | 0.6622 | |
| Price / MA7: | -0.33% | |
| Price / MA20: | -0.62% | |
| Price / MA50: | -0.51% | |
| Price / MA100: | +0.78% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.35% |
Quotes :
2020-10-07 07:21:12
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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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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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