NZD/USD - 1H - Technical analysis published on 12/18/2020 (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:
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:
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:
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:
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:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 0.7036 | 0.7069 | 0.7107 | 0.7140 | 0.7178 | 0.7211 | 0.7249 |
Camarilla | 0.7127 | 0.7133 | 0.7140 | 0.7146 | 0.7153 | 0.7159 | 0.7166 |
Woodie | 0.7040 | 0.7070 | 0.7111 | 0.7141 | 0.7182 | 0.7212 | 0.7253 |
Fibonacci | 0.7069 | 0.7096 | 0.7113 | 0.7140 | 0.7167 | 0.7184 | 0.7211 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6914 | 0.6960 | 0.7022 | 0.7068 | 0.7130 | 0.7176 | 0.7238 |
Camarilla | 0.7054 | 0.7064 | 0.7074 | 0.7084 | 0.7094 | 0.7104 | 0.7114 |
Woodie | 0.6922 | 0.6964 | 0.7030 | 0.7072 | 0.7138 | 0.7180 | 0.7246 |
Fibonacci | 0.6960 | 0.7001 | 0.7027 | 0.7068 | 0.7109 | 0.7135 | 0.7176 |
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 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
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Real time data
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Forex
News
The latest news and videos published on NZD/USD at the time of the analysis were 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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