NZD/USD
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 06/10/2023 (GMT)

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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: Neutral
Underlying: Strongly bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 0.6261 USD
My targets
0.6024 USD (-0.0104)
0.5885 USD (-0.0243)
My analysis
With a strongly bearish trend, the price of NZD/USD is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.6261 USD remains possible. It would be possible for traders to only trade 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. In case of crossing, the next objective would be the support located at 0.5772 USD.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.6

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:
15 min. 1H Weekly

Additional analysis

Quotes

The NZD/USD price is 0.6128 USD. The price has increased by +0.57% since the last closing with the lowest point at 0.6084 USD and the highest point at 0.6139 USD. The deviation from the price is +0.72% for the low point and -0.18% for the high point.

0.6084
0.6139
0.6128

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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. 82.14% of the signals given by moving averages are bearish. Caution: this global trend is showing signs of running out of steam given the neutral signals of short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


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



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

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



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.5885 0.6024 0.6105 0.6128 0.6261 0.6367 0.6517
Change (%) -3.97% -1.70% -0.38% - +2.17% +3.90% +6.35%
Change -0.0243 -0.0104 -0.0023 - +0.0133 +0.0239 +0.0389
Level Minor Major Major - Intermediate Minor Major



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
Standard0.60400.60620.60950.61170.61500.61720.6205
Camarilla0.61130.61180.61230.61280.61330.61380.6143
Woodie0.60460.60650.61010.61200.61560.61750.6211
Fibonacci0.60620.60830.60960.61170.61380.61510.6172


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.59520.59910.60600.60990.61680.62070.6276
Camarilla0.60980.61080.61180.61280.61380.61480.6158
Woodie0.59660.59990.60740.61070.61820.62150.6290
Fibonacci0.59910.60330.60580.60990.61410.61660.6207


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.54770.57310.58770.61310.62770.65310.6677
Camarilla0.59130.59500.59860.60230.60600.60960.6133
Woodie0.54230.57040.58230.61040.62230.65040.6623
Fibonacci0.57310.58840.59780.61310.62840.63780.6531

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): 48.91
MACD (12,26,9): -0.0039
Directional Movement: -4.8311
AROON (14): -42.8571
DEMA (21): 0.6069
Parabolic SAR (0,02-0,02-0,2): 0.5985
Elder Ray (13): 0.0013
Super Trend (3,10): 0.6207
Zig ZAG (10): 0.6128
VORTEX (21): 0.8476
Stochastique (14,3,5): 32.13
TEMA (21): 0.6050
Williams %R (14): -55.03
Chande Momentum Oscillator (20): 0.0024
Repulse (5,40,3): 1.1377
ROCnROLL: -1
TRIX (15,9): -0.0963
Courbe Coppock: 4.84
MA7: 0.6077
MA20: 0.6132
MA50: 0.6191
MA100: 0.6234
MAexp7: 0.6087
MAexp20: 0.6120
MAexp50: 0.6171
MAexp100: 0.6200
Price / MA7: +0.84%
Price / MA20: -0.07%
Price / MA50: -1.02%
Price / MA100: -1.70%
Price / MAexp7: +0.67%
Price / MAexp20: +0.13%
Price / MAexp50: -0.70%
Price / MAexp100: -1.16%

Quotes : - Real time data - Forex

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

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