NZD/USD
NZD USD
- USD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: NZDUSD
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NZD/USD - 1H - Technical analysis published on 12/18/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Slightly bullish
Technical indicators
22%
44%
33%
My opinion
Bearish under 0.7159 USD
My targets
0.7095 USD (-0.0032)
0.7054 USD (-0.0073)
My analysis
The strong short-term decline in NZD/USD calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 0.7159 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 0.7095 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.7054 USD as an objective. Crossing it would then enable sellers to target 0.7011 USD. Be careful, a return to above 0.7159 USD could jeopardize the reversal.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
1.1

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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The NZD/USD rating is 0.7127 USD. The price registered a decrease of -0.27% on the session and was traded between 0.7121 USD and 0.7153 USD over the period. The price is currently at +0.08% from its lowest and -0.36% from its highest.

0.7121
0.7153
0.7127

A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of NZD/USD in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


MACD indicator is back under 0

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 this result:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.7054 0.7095 0.7120 0.7127 0.7159 0.7172 0.7198
Change (%) -1.02% -0.45% -0.10% - +0.45% +0.63% +1.00%
Change -0.0073 -0.0032 -0.0007 - +0.0032 +0.0045 +0.0071
Level Intermediate Minor Intermediate - Minor Major Intermediate



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
Standard0.70360.70690.71070.71400.71780.72110.7249
Camarilla0.71270.71330.71400.71460.71530.71590.7166
Woodie0.70400.70700.71110.71410.71820.72120.7253
Fibonacci0.70690.70960.71130.71400.71670.71840.7211


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.69140.69600.70220.70680.71300.71760.7238
Camarilla0.70540.70640.70740.70840.70940.71040.7114
Woodie0.69220.69640.70300.70720.71380.71800.7246
Fibonacci0.69600.70010.70270.70680.71090.71350.7176


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.62590.64240.67210.68860.71830.73480.7645
Camarilla0.68910.69330.69760.70180.70600.71030.7145
Woodie0.63250.64570.67870.69190.72490.73810.7711
Fibonacci0.64240.66010.67100.68860.70630.71720.7348

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): 43.09
MACD (12,26,9): -0.0001
Directional Movement: -0.4361
AROON (14): -71.4285
DEMA (21): 0.7139
Parabolic SAR (0,02-0,02-0,2): 0.7145
Elder Ray (13): -0.0007
Super Trend (3,10): 0.7156
Zig ZAG (10): 0.7129
VORTEX (21): 0.8465
Stochastique (14,3,5): 26.13
TEMA (21): 0.7130
Williams %R (14): -89.19
Chande Momentum Oscillator (20): -0.0020
Repulse (5,40,3): -0.1703
ROCnROLL: -1
TRIX (15,9): 0.0053
Courbe Coppock: 0.59
MA7: 0.7103
MA20: 0.7052
MA50: 0.6860
MA100: 0.6746
MAexp7: 0.7131
MAexp20: 0.7137
MAexp50: 0.7129
MAexp100: 0.7113
Price / MA7: +0.34%
Price / MA20: +1.06%
Price / MA50: +3.89%
Price / MA100: +5.65%
Price / MAexp7: -0.06%
Price / MAexp20: -0.14%
Price / MAexp50: -0.03%
Price / MAexp100: +0.20%

Quotes : 2020-12-18 08:29:37 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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