NZD/USD - Daily - Technical analysis published on 08/17/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 0.6964 USD
My targets
0.6851 USD (-0.0064)
0.6667 USD (-0.0248)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NZD/USD as long as the price remains well below 0.6964 USD. The sellers' bearish objective is set at 0.6851 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.6667 USD. In case of crossing, the next objective would be the support located at 0.6440 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.3
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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
NZD/USD rating 0.6915 USD. On the day, this instrument lost -1.61% and was traded between 0.6904 USD and 0.7029 USD over the period. The price is currently at +0.16% from its lowest and -1.62% from its highest.0.6904
0.7029
0.6915
Here is a more detailed summary of the historical variations registered by NZD/USD:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in Daily of this NZD/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 0.6259 | 0.6440 | 0.6851 | 0.6915 | 0.6923 | 0.6964 | 0.7049 |
Change (%) | -9.49% | -6.87% | -0.93% | - | +0.12% | +0.71% | +1.94% |
Change | -0.0656 | -0.0475 | -0.0064 | - | +0.0008 | +0.0049 | +0.0134 |
Level | Major | Intermediate | Intermediate | - | Minor | Intermediate | 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 | 0.6977 | 0.6994 | 0.7011 | 0.7028 | 0.7045 | 0.7062 | 0.7079 |
Camarilla | 0.7019 | 0.7022 | 0.7025 | 0.7028 | 0.7031 | 0.7034 | 0.7037 |
Woodie | 0.6977 | 0.6994 | 0.7011 | 0.7028 | 0.7045 | 0.7062 | 0.7079 |
Fibonacci | 0.6994 | 0.7007 | 0.7015 | 0.7028 | 0.7041 | 0.7049 | 0.7062 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6122 | 0.6338 | 0.6674 | 0.6890 | 0.7226 | 0.7442 | 0.7778 |
Camarilla | 0.6858 | 0.6909 | 0.6959 | 0.7010 | 0.7061 | 0.7111 | 0.7162 |
Woodie | 0.6182 | 0.6368 | 0.6734 | 0.6920 | 0.7286 | 0.7472 | 0.7838 |
Fibonacci | 0.6338 | 0.6549 | 0.6679 | 0.6890 | 0.7101 | 0.7231 | 0.7442 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6667 | 0.6774 | 0.6892 | 0.6999 | 0.7117 | 0.7224 | 0.7342 |
Camarilla | 0.6948 | 0.6969 | 0.6989 | 0.7010 | 0.7031 | 0.7051 | 0.7072 |
Woodie | 0.6673 | 0.6777 | 0.6898 | 0.7002 | 0.7123 | 0.7227 | 0.7348 |
Fibonacci | 0.6774 | 0.6860 | 0.6913 | 0.6999 | 0.7085 | 0.7138 | 0.7224 |
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): | 46.89 | |
MACD (12,26,9): | -0.0022 | |
Directional Movement: | -2.9073 | |
AROON (14): | 7.1429 | |
DEMA (21): | 0.6943 | |
Parabolic SAR (0,02-0,02-0,2): | 0.6565 | |
Elder Ray (13): | 0.0008 | |
Super Trend (3,10): | 0.6625 | |
Zig ZAG (10): | 0.6910 | |
VORTEX (21): | 0.9943 | |
Stochastique (14,3,5): | 77.60 | |
TEMA (21): | 0.6941 | |
Williams %R (14): | -35.51 | |
Chande Momentum Oscillator (20): | -0.0135 | |
Repulse (5,40,3): | -2.4928 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0294 | |
Courbe Coppock: | 1.38 |
MA7: | 0.6942 | |
MA20: | 0.6981 | |
MA50: | 0.7000 | |
MA100: | 0.7092 | |
MAexp7: | 0.6945 | |
MAexp20: | 0.6971 | |
MAexp50: | 0.7013 | |
MAexp100: | 0.7052 | |
Price / MA7: | -0.39% | |
Price / MA20: | -0.95% | |
Price / MA50: | -1.21% | |
Price / MA100: | -2.50% | |
Price / MAexp7: | -0.43% | |
Price / MAexp20: | -0.80% | |
Price / MAexp50: | -1.40% | |
Price / MAexp100: | -1.94% |
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:
- NZD/USD Forecast April 5, 2021
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
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