NZD/USD

- USD (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	NZDUSD
ISIN:

NZD/USD - 1H - Technical analysis published on 05/20/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

28%

17%

56%

My opinion

Bullish above 0.6106 USD

My targets

0.6149 USD (+0.0024)

0.6197 USD (+0.0072)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NZD/USD. As long as you are above the support located at 0.6106 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.6149 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.6197 USD as an objective. Crossing it would then enable buyers to target 0.6261 USD. If the support 0.6106 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

4.3

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

Additional analysis

Quotes

NZD/USD rating 0.6125 USD. On the day, this instrument lost -0.11% and was between 0.6121 USD and 0.6138 USD. This implies that the price is at +0.07% from its lowest and at -0.21% from its highest.

0.6121

0.6138

0.6125

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

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

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

A technical analysis in 1H of this NZD/USD chart shows a bullish trend. 78.57% 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. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 10 are neutral and 3 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : 1 hour

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Doji

Type : Neutral

Timeframe : 1 hour

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6064	0.6106	0.6123	0.6125	0.6149	0.6197	0.6261
Change (%)	-1.00%	-0.31%	-0.03%	-	+0.39%	+1.18%	+2.22%
Change	-0.0061	-0.0019	-0.0002	-	+0.0024	+0.0072	+0.0136
Level	Intermediate	Minor	Intermediate	-	Intermediate	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	0.6070	0.6085	0.6109	0.6124	0.6148	0.6163	0.6187
Camarilla	0.6121	0.6125	0.6128	0.6132	0.6136	0.6139	0.6143
Woodie	0.6074	0.6087	0.6113	0.6126	0.6152	0.6165	0.6191
Fibonacci	0.6085	0.6100	0.6109	0.6124	0.6139	0.6148	0.6163

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5892	0.5943	0.6038	0.6089	0.6184	0.6235	0.6330
Camarilla	0.6092	0.6105	0.6119	0.6132	0.6145	0.6159	0.6172
Woodie	0.5913	0.5954	0.6059	0.6100	0.6205	0.6246	0.6351
Fibonacci	0.5943	0.5999	0.6034	0.6089	0.6145	0.6180	0.6235

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5561	0.5706	0.5792	0.5937	0.6023	0.6168	0.6254
Camarilla	0.5814	0.5835	0.5856	0.5877	0.5898	0.5919	0.5941
Woodie	0.5531	0.5691	0.5762	0.5922	0.5993	0.6153	0.6224
Fibonacci	0.5706	0.5795	0.5849	0.5937	0.6026	0.6080	0.6168

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):	55.83
MACD (12,26,9):	0.0004
Directional Movement:	0.2602
AROON (14):	42.8571
DEMA (21):	0.6133
Parabolic SAR (0,02-0,02-0,2):	0.6123
Elder Ray (13):	0.0001
Super Trend (3,10):	0.6114
Zig ZAG (10):	0.6129
VORTEX (21):	1.0793
Stochastique (14,3,5):	61.75
TEMA (21):	0.6133
Williams %R (14):	-50.00
Chande Momentum Oscillator (20):	0.0000
Repulse (5,40,3):	-0.0706
ROCnROLL:	-1
TRIX (15,9):	0.0112
Courbe Coppock:	0.51

MA7:	0.6101
MA20:	0.6018
MA50:	0.6005
MA100:	0.6075
MAexp7:	0.6130
MAexp20:	0.6127
MAexp50:	0.6116
MAexp100:	0.6095
Price / MA7:	+0.39%
Price / MA20:	+1.78%
Price / MA50:	+2.00%
Price / MA100:	+0.82%
Price / MAexp7:	-0.08%
Price / MAexp20:	-0.03%
Price / MAexp50:	+0.15%
Price / MAexp100:	+0.49%

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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