NZD/USD

- USD (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	NZDUSD
ISIN:

NZD/USD - 15 min. - Technical analysis published on 04/17/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

17%

39%

44%

My opinion

Bullish above 0.5886 USD

My targets

0.5913 USD (+0.0006)

0.5934 USD (+0.0027)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.5886 USD remains possible. It is advisable to trade NZD/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.5886 USD. The next bullish objective for buyers is set at 0.5913 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.5934 USD. If there is any crossing, the next objective would be the resistance located at 0.5961 USD. PS: if there is a bearish break in the support located at 0.5886 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bullish 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

2.1

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

Additional analysis

Quotes

The NZD/USD price is 0.5907 USD. The price registered an increase of +0.27% on the session with the lowest point at 0.5891 USD and the highest point at 0.5918 USD. The deviation from the price is +0.27% for the low point and -0.19% for the high point.

0.5891

0.5918

0.5907

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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 LOW record (1 year)

Type : Bearish

Timeframe : Weekly

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 15 min. chart of NZD/USD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 15 minutes

Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Momentum indicator is back under 0

Type : Bearish

Timeframe : 15 minutes

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 15 minutes

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : 15 minutes

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.5792	0.5870	0.5896	0.5907	0.5952	0.6053	0.6083
Change (%)	-1.95%	-0.63%	-0.19%	-	+0.76%	+2.47%	+2.98%
Change	-0.0115	-0.0037	-0.0011	-	+0.0045	+0.0146	+0.0176
Level	Minor	Major	Intermediate	-	Intermediate	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5817	0.5838	0.5865	0.5886	0.5913	0.5934	0.5961
Camarilla	0.5878	0.5882	0.5887	0.5891	0.5895	0.5900	0.5904
Woodie	0.5819	0.5840	0.5867	0.5888	0.5915	0.5936	0.5963
Fibonacci	0.5838	0.5857	0.5868	0.5886	0.5905	0.5916	0.5934

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5737	0.5835	0.5888	0.5986	0.6039	0.6137	0.6190
Camarilla	0.5901	0.5914	0.5928	0.5942	0.5956	0.5970	0.5984
Woodie	0.5716	0.5824	0.5867	0.5975	0.6018	0.6126	0.6169
Fibonacci	0.5835	0.5892	0.5928	0.5986	0.6043	0.6079	0.6137

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5622	0.5789	0.5883	0.6050	0.6144	0.6311	0.6405
Camarilla	0.5905	0.5929	0.5953	0.5977	0.6001	0.6025	0.6049
Woodie	0.5586	0.5771	0.5847	0.6032	0.6108	0.6293	0.6369
Fibonacci	0.5789	0.5889	0.5950	0.6050	0.6150	0.6211	0.6311

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):	46.54
MACD (12,26,9):	0.0000
Directional Movement:	-2.3708
AROON (14):	-35.7143
DEMA (21):	0.5909
Parabolic SAR (0,02-0,02-0,2):	0.5913
Elder Ray (13):	-0.0002
Super Trend (3,10):	0.5897
Zig ZAG (10):	0.5907
VORTEX (21):	0.9558
Stochastique (14,3,5):	53.85
TEMA (21):	0.5908
Williams %R (14):	-69.23
Chande Momentum Oscillator (20):	-0.0007
Repulse (5,40,3):	-0.0311
ROCnROLL:	-1
TRIX (15,9):	0.0018
Courbe Coppock:	0.04

MA7:	0.5954
MA20:	0.5984
MA50:	0.6070
MA100:	0.6126
MAexp7:	0.5908
MAexp20:	0.5908
MAexp50:	0.5905
MAexp100:	0.5902
Price / MA7:	-0.79%
Price / MA20:	-1.29%
Price / MA50:	-2.69%
Price / MA100:	-3.57%
Price / MAexp7:	-0.02%
Price / MAexp20:	-0.02%
Price / MAexp50:	+0.03%
Price / MAexp100:	+0.08%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on NZD/USD. At the time of publication of this analysis, the latest news was as follows:

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

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