NZD/USD - 1H - Technical analysis published on 10/11/2021 (GMT)
- 165
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.6944 USD
My targets
0.6981 USD (+0.0020)
0.7095 USD (+0.0134)
My analysis
NZD/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.6944 USD. The next resistance located at 0.6981 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.7095 USD. After this resistance, buyers could then target 0.7198 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 0.6961 USD. The price registered an increase of +0.32% on the session and was between 0.6915 USD and 0.6965 USD. This implies that the price is at +0.67% from its lowest and at -0.06% from its highest.0.6915
0.6965
0.6961
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/USD indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish 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, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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 | 0.6876 | 0.6908 | 0.6944 | 0.6961 | 0.6965 | 0.6981 | 0.7198 |
| Change (%) | -1.22% | -0.76% | -0.24% | - | +0.06% | +0.29% | +3.40% |
| Change | -0.0085 | -0.0053 | -0.0017 | - | +0.0004 | +0.0020 | +0.0237 |
| Level | Minor | Minor | Minor | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6858 | 0.6883 | 0.6911 | 0.6936 | 0.6964 | 0.6989 | 0.7017 |
| Camarilla | 0.6924 | 0.6929 | 0.6934 | 0.6939 | 0.6944 | 0.6949 | 0.6954 |
| Woodie | 0.6860 | 0.6884 | 0.6913 | 0.6937 | 0.6966 | 0.6990 | 0.7019 |
| Fibonacci | 0.6883 | 0.6903 | 0.6916 | 0.6936 | 0.6956 | 0.6969 | 0.6989 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6777 | 0.6826 | 0.6883 | 0.6932 | 0.6989 | 0.7038 | 0.7095 |
| Camarilla | 0.6910 | 0.6920 | 0.6929 | 0.6939 | 0.6949 | 0.6958 | 0.6968 |
| Woodie | 0.6780 | 0.6828 | 0.6886 | 0.6934 | 0.6992 | 0.7040 | 0.7098 |
| Fibonacci | 0.6826 | 0.6867 | 0.6892 | 0.6932 | 0.6973 | 0.6998 | 0.7038 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6469 | 0.6664 | 0.6780 | 0.6975 | 0.7091 | 0.7286 | 0.7402 |
| Camarilla | 0.6811 | 0.6839 | 0.6868 | 0.6896 | 0.6925 | 0.6953 | 0.6982 |
| Woodie | 0.6430 | 0.6644 | 0.6741 | 0.6955 | 0.7052 | 0.7266 | 0.7363 |
| Fibonacci | 0.6664 | 0.6783 | 0.6856 | 0.6975 | 0.7094 | 0.7167 | 0.7286 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.00 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | 20.4800 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 0.6948 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6926 | |
| Elder Ray (13): | 0.0014 | |
| Super Trend (3,10): | 0.6925 | |
| Zig ZAG (10): | 0.6959 | |
| VORTEX (21): | 1.0785 | |
| Stochastique (14,3,5): | 85.02 | |
| TEMA (21): | 0.6952 | |
| Williams %R (14): | -15.79 | |
| Chande Momentum Oscillator (20): | 0.0026 | |
| Repulse (5,40,3): | 0.1830 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0075 | |
| Courbe Coppock: | 0.55 |
| MA7: | 0.6945 | |
| MA20: | 0.6988 | |
| MA50: | 0.7005 | |
| MA100: | 0.7035 | |
| MAexp7: | 0.6950 | |
| MAexp20: | 0.6942 | |
| MAexp50: | 0.6936 | |
| MAexp100: | 0.6934 | |
| Price / MA7: | +0.23% | |
| Price / MA20: | -0.39% | |
| Price / MA50: | -0.63% | |
| Price / MA100: | -1.05% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.27% | |
| Price / MAexp50: | +0.36% | |
| Price / MAexp100: | +0.39% |
Quotes :
-
Real time data
-
Forex
News
The last news published on NZD/USD at the time of the generation of this analysis 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.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis NZD/USD - 1H