NZD/USD - Daily - Technical analysis published on 08/25/2022 (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
22%
50%
28%
My opinion
Bearish under 0.6261 USD
My targets
0.6108 USD (-0.0096)
0.5857 USD (-0.0347)
My analysis
The bearish trend is currently very strong for NZD/USD. As long as the price remains below the resistance at 0.6261 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.6108 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.5857 USD as an objective. Crossing it would then enable sellers to target 0.5684 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NZD/USD rating 0.6204 USD. The price registered an increase of +0.39% on the session with the lowest point at 0.6176 USD and the highest point at 0.6207 USD. The deviation from the price is +0.45% for the low point and -0.05% for the high point.0.6176
0.6207
0.6204
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NZD/USD indicates that the overall trend is strongly bearish. 89.29% 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:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.4927 | 0.5684 | 0.6108 | 0.6204 | 0.6261 | 0.6545 | 0.6744 |
| Change (%) | -20.58% | -8.38% | -1.55% | - | +0.92% | +5.50% | +8.70% |
| Change | -0.1277 | -0.0520 | -0.0096 | - | +0.0057 | +0.0341 | +0.0540 |
| Level | Minor | Intermediate | Intermediate | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6112 | 0.6137 | 0.6159 | 0.6184 | 0.6206 | 0.6231 | 0.6253 |
| Camarilla | 0.6167 | 0.6171 | 0.6176 | 0.6180 | 0.6184 | 0.6189 | 0.6193 |
| Woodie | 0.6110 | 0.6136 | 0.6157 | 0.6183 | 0.6204 | 0.6230 | 0.6251 |
| Fibonacci | 0.6137 | 0.6155 | 0.6166 | 0.6184 | 0.6202 | 0.6213 | 0.6231 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5781 | 0.5973 | 0.6072 | 0.6264 | 0.6363 | 0.6555 | 0.6654 |
| Camarilla | 0.6090 | 0.6117 | 0.6143 | 0.6170 | 0.6197 | 0.6223 | 0.6250 |
| Woodie | 0.5734 | 0.5950 | 0.6025 | 0.6241 | 0.6316 | 0.6532 | 0.6607 |
| Fibonacci | 0.5973 | 0.6085 | 0.6153 | 0.6264 | 0.6376 | 0.6444 | 0.6555 |
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 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): | 44.00 | |
| MACD (12,26,9): | -0.0017 | |
| Directional Movement: | -9.2707 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 0.6243 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6376 | |
| Elder Ray (13): | -0.0056 | |
| Super Trend (3,10): | 0.6406 | |
| Zig ZAG (10): | 0.6205 | |
| VORTEX (21): | 0.9902 | |
| Stochastique (14,3,5): | 13.03 | |
| TEMA (21): | 0.6230 | |
| Williams %R (14): | -84.29 | |
| Chande Momentum Oscillator (20): | -0.0078 | |
| Repulse (5,40,3): | -0.2504 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0143 | |
| Courbe Coppock: | 2.08 |
| MA7: | 0.6208 | |
| MA20: | 0.6284 | |
| MA50: | 0.6248 | |
| MA100: | 0.6373 | |
| MAexp7: | 0.6221 | |
| MAexp20: | 0.6257 | |
| MAexp50: | 0.6288 | |
| MAexp100: | 0.6383 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | -1.27% | |
| Price / MA50: | -0.70% | |
| Price / MA100: | -2.65% | |
| Price / MAexp7: | -0.27% | |
| Price / MAexp20: | -0.85% | |
| Price / MAexp50: | -1.34% | |
| Price / MAexp100: | -2.80% |
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:
-
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
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Technical Analysis: 13/07/2022 - NZDUSD fails to post lower low below 26-month bottom
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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.
About author
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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…
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