NZD/USD - 1H - Technical analysis published on 06/08/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.6085 USD
My targets
0.6105 USD (+0.0011)
0.6179 USD (+0.0085)
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 0.6085 USD. The next resistance located at 0.6105 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 0.6179 USD. After this resistance, buyers could then target 0.6261 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
7.7
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This analysis was given by Ahmadjdid. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/USD rating is 0.6094 USD. On the day, this instrument gained +0.88% with the lowest point at 0.6040 USD and the highest point at 0.6099 USD. The deviation from the price is +0.89% for the low point and -0.08% for the high point.0.6040
0.6099
0.6094
Here is a more detailed summary of the historical variations registered by NZD/USD:
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 1H chart of NZD/USD indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.6046 | 0.6067 | 0.6085 | 0.6094 | 0.6105 | 0.6261 | 0.6367 |
Change (%) | -0.79% | -0.44% | -0.15% | - | +0.18% | +2.74% | +4.48% |
Change | -0.0048 | -0.0027 | -0.0009 | - | +0.0011 | +0.0167 | +0.0273 |
Level | Intermediate | Intermediate | Minor | - | Major | Intermediate | 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 | 0.5950 | 0.5990 | 0.6016 | 0.6056 | 0.6082 | 0.6122 | 0.6148 |
Camarilla | 0.6023 | 0.6029 | 0.6035 | 0.6041 | 0.6047 | 0.6053 | 0.6059 |
Woodie | 0.5942 | 0.5987 | 0.6008 | 0.6053 | 0.6074 | 0.6119 | 0.6140 |
Fibonacci | 0.5990 | 0.6016 | 0.6031 | 0.6056 | 0.6082 | 0.6097 | 0.6122 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.5868 | 0.5927 | 0.5994 | 0.6053 | 0.6120 | 0.6179 | 0.6246 |
Camarilla | 0.6027 | 0.6039 | 0.6051 | 0.6062 | 0.6074 | 0.6085 | 0.6097 |
Woodie | 0.5873 | 0.5929 | 0.5999 | 0.6055 | 0.6125 | 0.6181 | 0.6251 |
Fibonacci | 0.5927 | 0.5975 | 0.6005 | 0.6053 | 0.6101 | 0.6131 | 0.6179 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.5477 | 0.5731 | 0.5877 | 0.6131 | 0.6277 | 0.6531 | 0.6677 |
Camarilla | 0.5913 | 0.5950 | 0.5986 | 0.6023 | 0.6060 | 0.6096 | 0.6133 |
Woodie | 0.5423 | 0.5704 | 0.5823 | 0.6104 | 0.6223 | 0.6504 | 0.6623 |
Fibonacci | 0.5731 | 0.5884 | 0.5978 | 0.6131 | 0.6284 | 0.6378 | 0.6531 |
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): | 65.95 | |
MACD (12,26,9): | 0.0007 | |
Directional Movement: | 21.2534 | |
AROON (14): | 100.0000 | |
DEMA (21): | 0.6075 | |
Parabolic SAR (0,02-0,02-0,2): | 0.6055 | |
Elder Ray (13): | 0.0021 | |
Super Trend (3,10): | 0.6055 | |
Zig ZAG (10): | 0.6092 | |
VORTEX (21): | 1.2031 | |
Stochastique (14,3,5): | 90.95 | |
TEMA (21): | 0.6084 | |
Williams %R (14): | -12.07 | |
Chande Momentum Oscillator (20): | 0.0044 | |
Repulse (5,40,3): | 0.1805 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0042 | |
Courbe Coppock: | 1.20 |
MA7: | 0.6062 | |
MA20: | 0.6135 | |
MA50: | 0.6194 | |
MA100: | 0.6238 | |
MAexp7: | 0.6081 | |
MAexp20: | 0.6068 | |
MAexp50: | 0.6065 | |
MAexp100: | 0.6064 | |
Price / MA7: | +0.53% | |
Price / MA20: | -0.67% | |
Price / MA50: | -1.61% | |
Price / MA100: | -2.31% | |
Price / MAexp7: | +0.21% | |
Price / MAexp20: | +0.43% | |
Price / MAexp50: | +0.48% | |
Price / MAexp100: | +0.49% |
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: 24/05/2023 - NZDUSD plummets after RBNZ rate decision
- Technical Analysis: 17/05/2023 - NZDUSD battles with 50-day SMA after decline pauses
- Technical Analysis: 10/05/2023 - NZDUSD in crucial battle area ahead of US CPI
- Technical Analysis: 26/04/2023 - NZDUSD fails to jump above the 200-day SMA
- Technical Analysis: 19/04/2023 - NZDUSD range bound ahead of quarterly CPI
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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