NZD/USD - Daily - Technical analysis published on 10/07/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
22%
50%
28%
My opinion
Bearish under 0.6732 USD
My targets
0.6535 USD (-0.0049)
0.6437 USD (-0.0147)
My analysis
The current short-term bearish acceleration registered on NZD/USD should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 0.6732 USD. Short-term sellers will use the support located at 0.6535 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 0.6437 USD. Crossing this support would then open the door for sellers to target 0.6243 USD. Caution, if there is a return to below 0.6732 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2
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Additional analysis
Quotes
The NZD/USD price is 0.6584 USD. The price is lower by -0.09% since the last closing and was between 0.6575 USD and 0.6601 USD. This implies that the price is at +0.14% from its lowest and at -0.26% from its highest.0.6575
0.6601
0.6584
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
A technical analysis in Daily of this NZD/USD chart shows a neutral trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.6584 | 0.6732 | 0.6929 | 0.7169 |
| Change (%) | -5.18% | -2.23% | -0.74% | - | +2.25% | +5.24% | +8.89% |
| Change | -0.0341 | -0.0147 | -0.0049 | - | +0.0148 | +0.0345 | +0.0585 |
| Level | Minor | Major | Major | - | Major | 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 | 0.6478 | 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.49 | |
| MACD (12,26,9): | -0.0011 | |
| Directional Movement: | -7.0865 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 0.6616 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6706 | |
| Elder Ray (13): | -0.0032 | |
| Super Trend (3,10): | 0.6753 | |
| Zig ZAG (10): | 0.6585 | |
| VORTEX (21): | 0.9798 | |
| Stochastique (14,3,5): | 34.26 | |
| TEMA (21): | 0.6595 | |
| Williams %R (14): | -73.87 | |
| Chande Momentum Oscillator (20): | -0.0079 | |
| Repulse (5,40,3): | -0.5207 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0163 | |
| Courbe Coppock: | 2.63 |
| MA7: | 0.6620 | |
| MA20: | 0.6640 | |
| MA50: | 0.6634 | |
| MA100: | 0.6549 | |
| MAexp7: | 0.6611 | |
| MAexp20: | 0.6628 | |
| MAexp50: | 0.6613 | |
| MAexp100: | 0.6541 | |
| Price / MA7: | -0.54% | |
| Price / MA20: | -0.84% | |
| Price / MA50: | -0.75% | |
| Price / MA100: | +0.53% | |
| Price / MAexp7: | -0.41% | |
| Price / MAexp20: | -0.66% | |
| Price / MAexp50: | -0.44% | |
| Price / MAexp100: | +0.66% |
Quotes :
2020-10-07 17:47:32
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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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S&P 500 Can't Extend a Bullish Gap, Dollar Drop Cues USDCAD, NZDUSD Breaks
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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
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