NZD/USD - 1H - Technical analysis published on 05/25/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 0.7198 USD
My targets
0.7235 USD (+0.0011)
0.7255 USD (+0.0031)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.7198 USD remains possible. It is advisable to trade NZD/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.7198 USD. The next bullish objective for buyers is set at 0.7235 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.7255 USD. If there is any crossing, the next objective would be the resistance located at 0.7278 USD. PS: if there is a bearish break in the support located at 0.7198 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.5
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Additional analysis
Quotes
The NZD/USD rating is 0.7224 USD. The price registered an increase of +0.14% on the session and was between 0.7208 USD and 0.7250 USD. This implies that the price is at +0.22% from its lowest and at -0.36% from its highest.0.7208
0.7250
0.7224
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 (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/USD indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. 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 : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
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 | 0.7181 | 0.7198 | 0.7223 | 0.7224 | 0.7235 | 0.7255 | 0.7278 |
| Change (%) | -0.60% | -0.36% | -0.01% | - | +0.15% | +0.43% | +0.75% |
| Change | -0.0043 | -0.0026 | -0.0001 | - | +0.0011 | +0.0031 | +0.0054 |
| Level | Intermediate | Major | Intermediate | - | Minor | 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 | 0.7111 | 0.7135 | 0.7174 | 0.7198 | 0.7237 | 0.7261 | 0.7300 |
| Camarilla | 0.7197 | 0.7203 | 0.7208 | 0.7214 | 0.7220 | 0.7226 | 0.7231 |
| Woodie | 0.7120 | 0.7139 | 0.7183 | 0.7202 | 0.7246 | 0.7265 | 0.7309 |
| Fibonacci | 0.7135 | 0.7159 | 0.7174 | 0.7198 | 0.7222 | 0.7237 | 0.7261 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7004 | 0.7078 | 0.7124 | 0.7198 | 0.7244 | 0.7318 | 0.7364 |
| Camarilla | 0.7138 | 0.7149 | 0.7160 | 0.7171 | 0.7182 | 0.7193 | 0.7204 |
| Woodie | 0.6991 | 0.7071 | 0.7111 | 0.7191 | 0.7231 | 0.7311 | 0.7351 |
| Fibonacci | 0.7078 | 0.7124 | 0.7152 | 0.7198 | 0.7244 | 0.7272 | 0.7318 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6633 | 0.6789 | 0.6975 | 0.7131 | 0.7317 | 0.7473 | 0.7659 |
| Camarilla | 0.7067 | 0.7098 | 0.7130 | 0.7161 | 0.7192 | 0.7224 | 0.7255 |
| Woodie | 0.6648 | 0.6797 | 0.6990 | 0.7139 | 0.7332 | 0.7481 | 0.7674 |
| Fibonacci | 0.6789 | 0.6920 | 0.7000 | 0.7131 | 0.7262 | 0.7342 | 0.7473 |
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): | 50.85 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | -2.4708 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 0.7232 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7239 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 0.7203 | |
| Zig ZAG (10): | 0.7224 | |
| VORTEX (21): | 1.0304 | |
| Stochastique (14,3,5): | 38.33 | |
| TEMA (21): | 0.7228 | |
| Williams %R (14): | -65.00 | |
| Chande Momentum Oscillator (20): | -0.0019 | |
| Repulse (5,40,3): | -0.0248 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0125 | |
| Courbe Coppock: | 0.11 |
| MA7: | 0.7203 | |
| MA20: | 0.7216 | |
| MA50: | 0.7142 | |
| MA100: | 0.7180 | |
| MAexp7: | 0.7227 | |
| MAexp20: | 0.7225 | |
| MAexp50: | 0.7215 | |
| MAexp100: | 0.7208 | |
| Price / MA7: | +0.29% | |
| Price / MA20: | +0.11% | |
| Price / MA50: | +1.15% | |
| Price / MA100: | +0.61% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +0.22% |
Quotes :
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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:
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NZD/USD Forecast April 5, 2021
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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
This member declared not having a position on this financial instrument or a related financial instrument.
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