NZD/USD - 1H - Technical analysis published on 10/26/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 0.6656 USD
My targets
0.6705 USD (+0.0020)
0.6732 USD (+0.0047)
My analysis
The basic bullish trend is very strong on NZD/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.6656 USD. Crossing the first resistance at 0.6705 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.6732 USD as an objective. Crossing it would then enable buyers to target 0.6929 USD. Caution, a return to below 0.6656 USD would be a sign of a consolidation phase in the short-term basic trend. 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 bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.5
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Additional analysis
Quotes
The NZD/USD price is 0.6685 USD. The price registered a decrease of -0.06% on the session and was between 0.6672 USD and 0.6698 USD. This implies that the price is at +0.19% from its lowest and at -0.19% from its highest.0.6672
0.6698
0.6685
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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
Technical analysis of this 1H chart of NZD/USD indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
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 these results:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel 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 | 0.6620 | 0.6656 | 0.6682 | 0.6685 | 0.6705 | 0.6732 | 0.6929 |
Change (%) | -0.97% | -0.43% | -0.04% | - | +0.30% | +0.70% | +3.65% |
Change | -0.0065 | -0.0029 | -0.0003 | - | +0.0020 | +0.0047 | +0.0244 |
Level | Minor | Intermediate | Intermediate | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6613 | 0.6634 | 0.6662 | 0.6683 | 0.6711 | 0.6732 | 0.6760 |
Camarilla | 0.6676 | 0.6680 | 0.6685 | 0.6689 | 0.6694 | 0.6698 | 0.6703 |
Woodie | 0.6616 | 0.6636 | 0.6665 | 0.6685 | 0.6714 | 0.6734 | 0.6763 |
Fibonacci | 0.6634 | 0.6653 | 0.6665 | 0.6683 | 0.6702 | 0.6714 | 0.6732 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6441 | 0.6497 | 0.6593 | 0.6649 | 0.6745 | 0.6801 | 0.6897 |
Camarilla | 0.6647 | 0.6661 | 0.6675 | 0.6689 | 0.6703 | 0.6717 | 0.6731 |
Woodie | 0.6461 | 0.6507 | 0.6613 | 0.6659 | 0.6765 | 0.6811 | 0.6917 |
Fibonacci | 0.6497 | 0.6555 | 0.6591 | 0.6649 | 0.6707 | 0.6743 | 0.6801 |
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): | 47.32 | |
MACD (12,26,9): | 0.0003 | |
Directional Movement: | 0.9385 | |
AROON (14): | 28.5714 | |
DEMA (21): | 0.6688 | |
Parabolic SAR (0,02-0,02-0,2): | 0.6662 | |
Elder Ray (13): | 0.0001 | |
Super Trend (3,10): | 0.6704 | |
Zig ZAG (10): | 0.6677 | |
VORTEX (21): | 1.0711 | |
Stochastique (14,3,5): | 65.23 | |
TEMA (21): | 0.6687 | |
Williams %R (14): | -65.38 | |
Chande Momentum Oscillator (20): | -0.0006 | |
Repulse (5,40,3): | -0.1682 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0055 | |
Courbe Coppock: | 0.07 |
MA7: | 0.6638 | |
MA20: | 0.6630 | |
MA50: | 0.6642 | |
MA100: | 0.6595 | |
MAexp7: | 0.6686 | |
MAexp20: | 0.6684 | |
MAexp50: | 0.6676 | |
MAexp100: | 0.6661 | |
Price / MA7: | +0.71% | |
Price / MA20: | +0.83% | |
Price / MA50: | +0.65% | |
Price / MA100: | +1.36% | |
Price / MAexp7: | -0% | |
Price / MAexp20: | +0.03% | |
Price / MAexp50: | +0.15% | |
Price / MAexp100: | +0.38% |
Quotes :
2020-10-26 13:09:35
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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:
- S&P 500 Can't Extend a Bullish Gap, Dollar Drop Cues USDCAD, NZDUSD Breaks
- New Zealand Dollar Analysis: NZDUSD Yawns at CPI Data, Breakdown Risk Remains (Webinar Archive)
- NZD/USD Forecast December 26, 2019
- RBNZ Rate Hold Coverage, NZD/USD Technical Analysis With Daniel Dubrovsky
- 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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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