NZD/USD - 1H - Technical analysis published on 12/01/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.7014 USD
My targets
0.7051 USD (+0.0009)
0.7131 USD (+0.0089)
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 0.7014 USD. Crossing the first resistance at 0.7051 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.7131 USD as an objective. Crossing it would then enable buyers to target 0.7198 USD. Caution, a return to below 0.7014 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. 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
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This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/USD rating is 0.7042 USD. On the day, this instrument gained +0.34% and was traded between 0.7018 USD and 0.7049 USD over the period. The price is currently at +0.34% from its lowest and -0.10% from its highest.0.7018
0.7049
0.7042
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/USD chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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 | 0.6951 | 0.6993 | 0.7014 | 0.7042 | 0.7051 | 0.7198 | 0.7395 |
| Change (%) | -1.29% | -0.70% | -0.40% | - | +0.13% | +2.22% | +5.01% |
| Change | -0.0091 | -0.0049 | -0.0028 | - | +0.0009 | +0.0156 | +0.0353 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | 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 | 0.6959 | 0.6984 | 0.7001 | 0.7026 | 0.7043 | 0.7068 | 0.7085 |
| Camarilla | 0.7007 | 0.7010 | 0.7014 | 0.7018 | 0.7022 | 0.7026 | 0.7030 |
| Woodie | 0.6955 | 0.6982 | 0.6997 | 0.7024 | 0.7039 | 0.7066 | 0.7081 |
| Fibonacci | 0.6984 | 0.7000 | 0.7010 | 0.7026 | 0.7042 | 0.7052 | 0.7068 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6792 | 0.6845 | 0.6935 | 0.6988 | 0.7078 | 0.7131 | 0.7221 |
| Camarilla | 0.6987 | 0.7000 | 0.7013 | 0.7026 | 0.7039 | 0.7052 | 0.7065 |
| Woodie | 0.6812 | 0.6854 | 0.6955 | 0.6997 | 0.7098 | 0.7140 | 0.7241 |
| Fibonacci | 0.6845 | 0.6899 | 0.6933 | 0.6988 | 0.7042 | 0.7076 | 0.7131 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6259 | 0.6424 | 0.6721 | 0.6886 | 0.7183 | 0.7348 | 0.7645 |
| Camarilla | 0.6891 | 0.6933 | 0.6976 | 0.7018 | 0.7060 | 0.7103 | 0.7145 |
| Woodie | 0.6325 | 0.6457 | 0.6787 | 0.6919 | 0.7249 | 0.7381 | 0.7711 |
| Fibonacci | 0.6424 | 0.6601 | 0.6710 | 0.6886 | 0.7063 | 0.7172 | 0.7348 |
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): | 61.28 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 9.4468 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 0.7034 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7014 | |
| Elder Ray (13): | 0.0010 | |
| Super Trend (3,10): | 0.7049 | |
| Zig ZAG (10): | 0.7047 | |
| VORTEX (21): | 0.9686 | |
| Stochastique (14,3,5): | 80.33 | |
| TEMA (21): | 0.7035 | |
| Williams %R (14): | -7.50 | |
| Chande Momentum Oscillator (20): | 0.0034 | |
| Repulse (5,40,3): | 0.2166 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0002 | |
| Courbe Coppock: | 0.25 |
| MA7: | 0.7001 | |
| MA20: | 0.6901 | |
| MA50: | 0.6736 | |
| MA100: | 0.6688 | |
| MAexp7: | 0.7036 | |
| MAexp20: | 0.7032 | |
| MAexp50: | 0.7026 | |
| MAexp100: | 0.7012 | |
| Price / MA7: | +0.59% | |
| Price / MA20: | +2.04% | |
| Price / MA50: | +4.54% | |
| Price / MA100: | +5.29% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +0.41% |
Quotes :
2020-12-01 09:06:07
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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:
-
S&P 500 Can't Extend a Bullish Gap, Dollar Drop Cues USDCAD, NZDUSD Breaks
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New Zealand Dollar Analysis: NZDUSD Yawns at CPI Data, Breakdown Risk Remains (Webinar Archive)
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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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