NZD/USD - 1H - Technical analysis published on 06/09/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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 0.6105 USD
My targets
0.6179 USD (+0.0058)
0.6246 USD (+0.0125)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NZD/USD as long as the price remains well above 0.6105 USD. The buyers' bullish objective is set at 0.6179 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.6246 USD. If there is any crossing, the next objective would be the resistance located at 0.6261 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.4
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This analysis was given by Ahmadjdid. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NZD/USD rating 0.6121 USD. The price registered an increase of +0.46% on the session and was between 0.6084 USD and 0.6124 USD. This implies that the price is at +0.61% from its lowest and at -0.05% from its highest.0.6084
0.6124
0.6121
A study of price movements over other periods shows the following variations:
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. 89.29% 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.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
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
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 0.6085 | 0.6105 | 0.6121 | 0.6261 | 0.6367 | 0.6517 |
Change (%) | -1.23% | -0.59% | -0.26% | - | +2.29% | +4.02% | +6.47% |
Change | -0.0075 | -0.0036 | -0.0016 | - | +0.0140 | +0.0246 | +0.0396 |
Level | Intermediate | Minor | 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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 69.76 | |
MACD (12,26,9): | 0.0008 | |
Directional Movement: | 18.6362 | |
AROON (14): | 50.0000 | |
DEMA (21): | 0.6106 | |
Parabolic SAR (0,02-0,02-0,2): | 0.6088 | |
Elder Ray (13): | 0.0016 | |
Super Trend (3,10): | 0.6083 | |
Zig ZAG (10): | 0.6118 | |
VORTEX (21): | 1.1204 | |
Stochastique (14,3,5): | 87.97 | |
TEMA (21): | 0.6109 | |
Williams %R (14): | 0.00 | |
Chande Momentum Oscillator (20): | 0.0025 | |
Repulse (5,40,3): | 0.3661 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0181 | |
Courbe Coppock: | 0.28 |
MA7: | 0.6075 | |
MA20: | 0.6131 | |
MA50: | 0.6191 | |
MA100: | 0.6234 | |
MAexp7: | 0.6104 | |
MAexp20: | 0.6095 | |
MAexp50: | 0.6083 | |
MAexp100: | 0.6075 | |
Price / MA7: | +0.76% | |
Price / MA20: | -0.16% | |
Price / MA50: | -1.13% | |
Price / MA100: | -1.81% | |
Price / MAexp7: | +0.26% | |
Price / MAexp20: | +0.41% | |
Price / MAexp50: | +0.61% | |
Price / MAexp100: | +0.74% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on NZD/USD at the time of the analysis were 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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