NZD/USD - 1H - Technical analysis published on 09/07/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 0.7148 USD
My targets
0.7069 USD (-0.0044)
0.7050 USD (-0.0063)
My analysis
The strong short-term decline of NZD/USD reinforces the current slightly bearish trend. As long as the price remains below 0.7148 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 0.7069 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.7050 USD as an objective. Crossing it would then enable sellers to target 0.7019 USD. A return to above 0.7148 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
3.9
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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 price is 0.7113 USD. The price is lower by -0.31% since the last closing and was traded between 0.7110 USD and 0.7153 USD over the period. The price is currently at +0.04% from its lowest and -0.56% from its highest.0.7110
0.7153
0.7113
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this NZD/USD chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.7019 | 0.7050 | 0.7069 | 0.7113 | 0.7148 | 0.7170 | 0.7198 |
| Change (%) | -1.32% | -0.89% | -0.62% | - | +0.49% | +0.80% | +1.19% |
| Change | -0.0094 | -0.0063 | -0.0044 | - | +0.0035 | +0.0057 | +0.0085 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7078 | 0.7102 | 0.7119 | 0.7143 | 0.7160 | 0.7184 | 0.7201 |
| Camarilla | 0.7124 | 0.7128 | 0.7131 | 0.7135 | 0.7139 | 0.7143 | 0.7146 |
| Woodie | 0.7074 | 0.7100 | 0.7115 | 0.7141 | 0.7156 | 0.7182 | 0.7197 |
| Fibonacci | 0.7102 | 0.7118 | 0.7128 | 0.7143 | 0.7159 | 0.7169 | 0.7184 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6858 | 0.6922 | 0.7041 | 0.7105 | 0.7224 | 0.7288 | 0.7407 |
| Camarilla | 0.7109 | 0.7126 | 0.7142 | 0.7159 | 0.7176 | 0.7193 | 0.7209 |
| Woodie | 0.6885 | 0.6936 | 0.7068 | 0.7119 | 0.7251 | 0.7302 | 0.7434 |
| Fibonacci | 0.6922 | 0.6992 | 0.7035 | 0.7105 | 0.7175 | 0.7218 | 0.7288 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6590 | 0.6698 | 0.6874 | 0.6982 | 0.7158 | 0.7266 | 0.7442 |
| Camarilla | 0.6973 | 0.6999 | 0.7025 | 0.7051 | 0.7077 | 0.7103 | 0.7129 |
| Woodie | 0.6625 | 0.6715 | 0.6909 | 0.6999 | 0.7193 | 0.7283 | 0.7477 |
| Fibonacci | 0.6698 | 0.6806 | 0.6873 | 0.6982 | 0.7090 | 0.7157 | 0.7266 |
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): | 42.96 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -5.9092 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 0.7121 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7136 | |
| Elder Ray (13): | -0.0007 | |
| Super Trend (3,10): | 0.7149 | |
| Zig ZAG (10): | 0.7117 | |
| VORTEX (21): | 0.9227 | |
| Stochastique (14,3,5): | 14.73 | |
| TEMA (21): | 0.7115 | |
| Williams %R (14): | -93.02 | |
| Chande Momentum Oscillator (20): | -0.0031 | |
| Repulse (5,40,3): | -0.1090 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0083 | |
| Courbe Coppock: | 0.50 |
| MA7: | 0.7090 | |
| MA20: | 0.6998 | |
| MA50: | 0.6995 | |
| MA100: | 0.7084 | |
| MAexp7: | 0.7120 | |
| MAexp20: | 0.7127 | |
| MAexp50: | 0.7128 | |
| MAexp100: | 0.7111 | |
| Price / MA7: | +0.32% | |
| Price / MA20: | +1.64% | |
| Price / MA50: | +1.69% | |
| Price / MA100: | +0.41% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.20% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | +0.03% |
Quotes :
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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:
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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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