NZD/USD

- USD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	NZDUSD
ISIN:

NZD/USD - Weekly - Technical analysis published on 01/09/2024 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.6106 USD

My targets

0.6414 USD (+0.0166)

0.6715 USD (+0.0467)

My analysis

The strong short-term increase for NZD/USD reinforces the current slightly bullish trend. As long as the price remains above 0.6106 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 0.6414 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.6715 USD as an objective. Crossing it would then enable buyers to target 0.6970 USD. A return to 0.6106 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

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

Additional analysis

Quotes

NZD/USD rating 0.6248 USD. The price registered a decrease of -0.05% over 5 days and has been traded over the last 5 days between 0.6181 USD and 0.6278 USD. This implies that the 5 day price is +1.08% from its lowest point and -0.48% from its highest point.

0.6181

0.6278

0.6248

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this NZD/USD chart shows a slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Near resistance of channel

Type : Bearish

Timeframe : Weekly

Near resistance of triangle

Type : Bearish

Timeframe : Weekly

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.4927	0.5684	0.6106	0.6248	0.6414	0.6970	0.7283
Change (%)	-21.14%	-9.03%	-2.27%	-	+2.66%	+11.56%	+16.57%
Change	-0.1321	-0.0564	-0.0142	-	+0.0166	+0.0722	+0.1035
Level	Minor	Major	Intermediate	-	Major	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6172	0.6192	0.6221	0.6241	0.6270	0.6290	0.6319
Camarilla	0.6237	0.6241	0.6246	0.6250	0.6255	0.6259	0.6264
Woodie	0.6177	0.6194	0.6226	0.6243	0.6275	0.6292	0.6324
Fibonacci	0.6192	0.6211	0.6222	0.6241	0.6260	0.6271	0.6290

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6024	0.6103	0.6173	0.6252	0.6322	0.6401	0.6471
Camarilla	0.6203	0.6217	0.6230	0.6244	0.6258	0.6271	0.6285
Woodie	0.6021	0.6101	0.6170	0.6250	0.6319	0.6399	0.6468
Fibonacci	0.6103	0.6160	0.6195	0.6252	0.6309	0.6344	0.6401

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5857	0.5971	0.6143	0.6257	0.6429	0.6543	0.6715
Camarilla	0.6237	0.6264	0.6290	0.6316	0.6342	0.6368	0.6395
Woodie	0.5887	0.5986	0.6173	0.6272	0.6459	0.6558	0.6745
Fibonacci	0.5971	0.6080	0.6147	0.6257	0.6366	0.6433	0.6543

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):	57.51
MACD (12,26,9):	0.0050
Directional Movement:	10.4415
AROON (14):	64.2857
DEMA (21):	0.6158
Parabolic SAR (0,02-0,02-0,2):	0.6052
Elder Ray (13):	0.0090
Super Trend (3,10):	0.5920
Zig ZAG (10):	0.6247
VORTEX (21):	1.1158
Stochastique (14,3,5):	83.14
TEMA (21):	0.6238
Williams %R (14):	-20.44
Chande Momentum Oscillator (20):	0.0420
Repulse (5,40,3):	0.7806
ROCnROLL:	1
TRIX (15,9):	0.0035
Courbe Coppock:	9.98

MA7:	0.6256
MA20:	0.6250
MA50:	0.6112
MA100:	0.6016
MAexp7:	0.6212
MAexp20:	0.6117
MAexp50:	0.6131
MAexp100:	0.6244
Price / MA7:	-0.13%
Price / MA20:	-0.03%
Price / MA50:	+2.23%
Price / MA100:	+3.86%
Price / MAexp7:	+0.58%
Price / MAexp20:	+2.14%
Price / MAexp50:	+1.91%
Price / MAexp100:	+0.06%

Quotes : - Real time data - Forex

News

The latest news and videos published on NZD/USD at the time of the analysis were as follows:

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

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