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 03/28/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

78%

11%

My opinion

Bearish under 0.6106 USD

My targets

0.5916 USD (-0.0049)

0.5870 USD (-0.0095)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NZD/USD as long as the price remains well below 0.6106 USD. The sellers' bearish objective is set at 0.5916 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.5870 USD. In case of crossing, the next objective would be the support located at 0.5792 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.1

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

Additional analysis

Quotes

The NZD/USD rating is 0.5965 USD. The price is lower by -0.47% since the last closing with the lowest point at 0.5956 USD and the highest point at 0.6004 USD. The deviation from the price is +0.15% for the low point and -0.65% for the high point.

0.5956

0.6004

0.5965

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

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of NZD/USD in Daily shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 14 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near support of channel

Type : Bullish

Timeframe : Daily

Horizontal support is broken

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.5792	0.5870	0.5916	0.5965	0.5974	0.6106	0.6178
Change (%)	-2.90%	-1.59%	-0.82%	-	+0.15%	+2.36%	+3.57%
Change	-0.0173	-0.0095	-0.0049	-	+0.0009	+0.0141	+0.0213
Level	Intermediate	Intermediate	Minor	-	Minor	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	0.5961	0.5974	0.5984	0.5997	0.6007	0.6020	0.6030
Camarilla	0.5987	0.5989	0.5991	0.5993	0.5995	0.5997	0.5999
Woodie	0.5959	0.5973	0.5982	0.5996	0.6005	0.6019	0.6028
Fibonacci	0.5974	0.5983	0.5989	0.5997	0.6006	0.6012	0.6020

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5826	0.5905	0.5948	0.6027	0.6070	0.6149	0.6192
Camarilla	0.5957	0.5968	0.5979	0.5990	0.6001	0.6012	0.6024
Woodie	0.5807	0.5896	0.5929	0.6018	0.6051	0.6140	0.6173
Fibonacci	0.5905	0.5952	0.5981	0.6027	0.6074	0.6103	0.6149

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5831	0.5934	0.6011	0.6114	0.6191	0.6294	0.6371
Camarilla	0.6038	0.6054	0.6071	0.6087	0.6104	0.6120	0.6137
Woodie	0.5817	0.5928	0.5997	0.6108	0.6177	0.6288	0.6357
Fibonacci	0.5934	0.6003	0.6046	0.6114	0.6183	0.6226	0.6294

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):	32.62
MACD (12,26,9):	-0.0039
Directional Movement:	-15.4346
AROON (14):	-100.0000
DEMA (21):	0.6019
Parabolic SAR (0,02-0,02-0,2):	0.6107
Elder Ray (13):	-0.0061
Super Trend (3,10):	0.6114
Zig ZAG (10):	0.5965
VORTEX (21):	0.8636
Stochastique (14,3,5):	5.62
TEMA (21):	0.5991
Williams %R (14):	-96.07
Chande Momentum Oscillator (20):	-0.0184
Repulse (5,40,3):	-1.2480
ROCnROLL:	2
TRIX (15,9):	-0.0548
Courbe Coppock:	4.24

MA7:	0.6013
MA20:	0.6084
MA50:	0.6106
MA100:	0.6128
MAexp7:	0.6010
MAexp20:	0.6064
MAexp50:	0.6100
MAexp100:	0.6103
Price / MA7:	-0.80%
Price / MA20:	-1.96%
Price / MA50:	-2.31%
Price / MA100:	-2.66%
Price / MAexp7:	-0.75%
Price / MAexp20:	-1.63%
Price / MAexp50:	-2.21%
Price / MAexp100:	-2.26%

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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