NZD/USD

- USD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NZDUSD
ISIN:

NZD/USD - Daily - Technical analysis published on 06/09/2023 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

39%

17%

44%

My opinion

Bearish under 0.6261 USD

My targets

0.6024 USD (-0.0097)

0.5885 USD (-0.0236)

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 0.6261 USD. The next bearish objective for sellers is set at 0.6024 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.5885 USD. If there is any crossing, the next objective would be the support located at 0.5772 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

4.3

Comment on the analysis

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 Ahmadjdid. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NZD/USD price is 0.6121 USD. The price registered an increase of +0.46% on the session with the lowest point at 0.6084 USD and the highest point at 0.6124 USD. The deviation from the price is +0.61% for the low point and -0.05% for the high point.

0.6084

0.6124

0.6121

Here is a more detailed summary of the historical variations registered by NZD/USD:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 NZD/USD in Daily shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.5885	0.6024	0.6105	0.6121	0.6261	0.6367	0.6517
Change (%)	-3.86%	-1.58%	-0.26%	-	+2.29%	+4.02%	+6.47%
Change	-0.0236	-0.0097	-0.0016	-	+0.0140	+0.0246	+0.0396
Level	Minor	Major	Major	-	Intermediate	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5997	0.6018	0.6056	0.6077	0.6115	0.6136	0.6174
Camarilla	0.6077	0.6082	0.6088	0.6093	0.6098	0.6104	0.6109
Woodie	0.6005	0.6022	0.6064	0.6081	0.6123	0.6140	0.6182
Fibonacci	0.6018	0.6041	0.6055	0.6077	0.6100	0.6114	0.6136

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):	47.74
MACD (12,26,9):	-0.0040
Directional Movement:	-7.4206
AROON (14):	-42.8571
DEMA (21):	0.6068
Parabolic SAR (0,02-0,02-0,2):	0.5985
Elder Ray (13):	0.0004
Super Trend (3,10):	0.6207
Zig ZAG (10):	0.6118
VORTEX (21):	0.8452
Stochastique (14,3,5):	31.08
TEMA (21):	0.6047
Williams %R (14):	-58.18
Chande Momentum Oscillator (20):	0.0014
Repulse (5,40,3):	1.0082
ROCnROLL:	-1
TRIX (15,9):	-0.0967
Courbe Coppock:	4.90

MA7:	0.6075
MA20:	0.6131
MA50:	0.6191
MA100:	0.6234
MAexp7:	0.6084
MAexp20:	0.6119
MAexp50:	0.6171
MAexp100:	0.6200
Price / MA7:	+0.76%
Price / MA20:	-0.16%
Price / MA50:	-1.13%
Price / MA100:	-1.81%
Price / MAexp7:	+0.61%
Price / MAexp20:	+0.03%
Price / MAexp50:	-0.81%
Price / MAexp100:	-1.27%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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