NZD/USD - 1H - Technical analysis published on 08/16/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 0.6329 USD
My targets
0.6304 USD (-0.0016)
0.6261 USD (-0.0059)
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 0.6329 USD. The sellers' bearish objective is set at 0.6304 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.6261 USD. In case of crossing, the next objective would be the support located at 0.6212 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.8
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This analysis was given by Laura1972. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/USD price is 0.6320 USD. On the day, this instrument lost -0.65% with the lowest point at 0.6318 USD and the highest point at 0.6371 USD. The deviation from the price is +0.03% for the low point and -0.80% for the high point.0.6318
0.6371
0.6320
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/USD indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
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 under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.6212 | 0.6261 | 0.6304 | 0.6320 | 0.6329 | 0.6356 | 0.6385 |
| Change (%) | -1.71% | -0.93% | -0.25% | - | +0.14% | +0.57% | +1.03% |
| Change | -0.0108 | -0.0059 | -0.0016 | - | +0.0009 | +0.0036 | +0.0065 |
| Level | Minor | Major | Intermediate | - | Minor | Minor | Minor |
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 | 0.6225 | 0.6290 | 0.6326 | 0.6391 | 0.6427 | 0.6492 | 0.6528 |
| Camarilla | 0.6333 | 0.6343 | 0.6352 | 0.6361 | 0.6370 | 0.6380 | 0.6389 |
| Woodie | 0.6210 | 0.6283 | 0.6311 | 0.6384 | 0.6412 | 0.6485 | 0.6513 |
| Fibonacci | 0.6290 | 0.6329 | 0.6353 | 0.6391 | 0.6430 | 0.6454 | 0.6492 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6060 | 0.6145 | 0.6299 | 0.6384 | 0.6538 | 0.6623 | 0.6777 |
| Camarilla | 0.6387 | 0.6409 | 0.6431 | 0.6453 | 0.6475 | 0.6497 | 0.6519 |
| Woodie | 0.6095 | 0.6162 | 0.6334 | 0.6401 | 0.6573 | 0.6640 | 0.6812 |
| Fibonacci | 0.6145 | 0.6236 | 0.6293 | 0.6384 | 0.6475 | 0.6532 | 0.6623 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5857 | 0.5959 | 0.6125 | 0.6227 | 0.6393 | 0.6495 | 0.6661 |
| Camarilla | 0.6217 | 0.6242 | 0.6266 | 0.6291 | 0.6316 | 0.6340 | 0.6365 |
| Woodie | 0.5889 | 0.5975 | 0.6157 | 0.6243 | 0.6425 | 0.6511 | 0.6693 |
| Fibonacci | 0.5959 | 0.6061 | 0.6125 | 0.6227 | 0.6329 | 0.6393 | 0.6495 |
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): | 28.00 | |
| MACD (12,26,9): | -0.0018 | |
| Directional Movement: | -25.4044 | |
| AROON (14): | -42.8572 | |
| DEMA (21): | 0.6329 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6356 | |
| Elder Ray (13): | -0.0021 | |
| Super Trend (3,10): | 0.6362 | |
| Zig ZAG (10): | 0.6322 | |
| VORTEX (21): | 0.8207 | |
| Stochastique (14,3,5): | 6.92 | |
| TEMA (21): | 0.6325 | |
| Williams %R (14): | -92.45 | |
| Chande Momentum Oscillator (20): | -0.0039 | |
| Repulse (5,40,3): | -0.2192 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0365 | |
| Courbe Coppock: | 0.94 |
| MA7: | 0.6364 | |
| MA20: | 0.6298 | |
| MA50: | 0.6265 | |
| MA100: | 0.6423 | |
| MAexp7: | 0.6333 | |
| MAexp20: | 0.6352 | |
| MAexp50: | 0.6377 | |
| MAexp100: | 0.6378 | |
| Price / MA7: | -0.69% | |
| Price / MA20: | +0.35% | |
| Price / MA50: | +0.88% | |
| Price / MA100: | -1.60% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -0.50% | |
| Price / MAexp50: | -0.89% | |
| Price / MAexp100: | -0.91% |
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:
-
Technical Analysis: 03/08/2022 - NZDUSD pauses rebound but retains positive bias
-
Technical Analysis: 27/07/2022 - NZDUSD rangebound after rebound stalls at 50-SMA
-
Technical Analysis: 20/07/2022 - NZDUSD in a recovery mood; 50-SMA next in focus
-
Technical Analysis: 13/07/2022 - NZDUSD fails to post lower low below 26-month bottom
-
Technical Analysis: 29/06/2022 - NZDUSD is back to multi-month lows
This member declared not having a position on this financial instrument or a related financial instrument.
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