AUD/NZD - 1H - Technical analysis published on 05/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
44%
17%
My opinion
Bearish under 1.0974 NZD
My targets
1.0938 NZD (-0.0020)
1.0923 NZD (-0.0035)
My analysis
The bearish trend is currently very strong for AUD/NZD. As long as the price remains below the resistance at 1.0974 NZD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.0938 NZD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.0923 NZD as an objective. Crossing it would then enable sellers to target 1.0881 NZD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.3
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This analysis was given by pitiantuta. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/NZD rating is 1.0958 NZD. The price registered a decrease of -0.27% on the session with the lowest point at 1.0953 NZD and the highest point at 1.0989 NZD. The deviation from the price is +0.05% for the low point and -0.28% for the high point.1.0953
1.0989
1.0958
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/NZD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 7 are bullish, 3 are neutral and 8 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0923 | 1.0938 | 1.0954 | 1.0958 | 1.0974 | 1.0982 | 1.0996 |
| Change (%) | -0.32% | -0.18% | -0.04% | - | +0.15% | +0.22% | +0.35% |
| Change | -0.0035 | -0.0020 | -0.0004 | - | +0.0016 | +0.0024 | +0.0038 |
| Level | Intermediate | Minor | Minor | - | Major | Minor | Intermediate |
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 | 1.0907 | 1.0941 | 1.0964 | 1.0998 | 1.1021 | 1.1055 | 1.1078 |
| Camarilla | 1.0972 | 1.0978 | 1.0983 | 1.0988 | 1.0993 | 1.0999 | 1.1004 |
| Woodie | 1.0903 | 1.0938 | 1.0960 | 1.0995 | 1.1017 | 1.1052 | 1.1074 |
| Fibonacci | 1.0941 | 1.0962 | 1.0976 | 1.0998 | 1.1019 | 1.1033 | 1.1055 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0884 | 1.0919 | 1.0958 | 1.0993 | 1.1032 | 1.1067 | 1.1106 |
| Camarilla | 1.0977 | 1.0983 | 1.0990 | 1.0997 | 1.1004 | 1.1011 | 1.1017 |
| Woodie | 1.0886 | 1.0920 | 1.0960 | 1.0994 | 1.1034 | 1.1068 | 1.1108 |
| Fibonacci | 1.0919 | 1.0947 | 1.0965 | 1.0993 | 1.1021 | 1.1039 | 1.1067 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0747 | 1.0802 | 1.0909 | 1.0964 | 1.1071 | 1.1126 | 1.1233 |
| Camarilla | 1.0972 | 1.0986 | 1.1001 | 1.1016 | 1.1031 | 1.1046 | 1.1061 |
| Woodie | 1.0773 | 1.0815 | 1.0935 | 1.0977 | 1.1097 | 1.1139 | 1.1259 |
| Fibonacci | 1.0802 | 1.0864 | 1.0902 | 1.0964 | 1.1026 | 1.1064 | 1.1126 |
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): | 36.81 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -13.3355 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 1.0958 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0955 | |
| Elder Ray (13): | -0.0005 | |
| Super Trend (3,10): | 1.0985 | |
| Zig ZAG (10): | 1.0963 | |
| VORTEX (21): | 0.8703 | |
| Stochastique (14,3,5): | 31.67 | |
| TEMA (21): | 1.0958 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | -0.0012 | |
| Repulse (5,40,3): | 0.0174 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0103 | |
| Courbe Coppock: | 0.24 |
| MA7: | 1.1002 | |
| MA20: | 1.0949 | |
| MA50: | 1.0871 | |
| MA100: | 1.0796 | |
| MAexp7: | 1.0962 | |
| MAexp20: | 1.0968 | |
| MAexp50: | 1.0981 | |
| MAexp100: | 1.0990 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | +0.08% | |
| Price / MA50: | +0.80% | |
| Price / MA100: | +1.50% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | -0.29% |
Quotes :
-
Real time data
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Forex
News
Don't forget to follow the news on AUD/NZD. At the time of publication of this analysis, the latest news was as follows:
-
Trading volatility: AUD/NZD on RBNZ rate decision
-
Trade of the Week: long AUD/NZD
-
#AUDNZD at six-week high as RBA considers raising rates...
-
Trading the Trend: short AUD/NZD
-
Australian Dollar Analysis: AUD/USD and AUD/NZD May Bounce Before Selloff Resumes
This member declared not having a position on this financial instrument or a related financial instrument.
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