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 05/20/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.6064 USD

My targets

0.6197 USD (+0.0071)

0.6261 USD (+0.0135)

My analysis

The strong short-term increase for NZD/USD reinforces the current slightly bullish trend. As long as the price remains above 0.6064 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 0.6197 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.6261 USD as an objective. Crossing it would then enable buyers to target 0.6348 USD. A return to 0.6064 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.7

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 0.6126 USD. On the day, this instrument lost -0.10% with the lowest point at 0.6121 USD and the highest point at 0.6138 USD. The deviation from the price is +0.08% for the low point and -0.20% for the high point.

0.6121

0.6138

0.6126

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

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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 Daily of this NZD/USD chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. An assessment of moving averages reveals several bullish signals that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Daily

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily

In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.5973	0.6064	0.6106	0.6126	0.6149	0.6197	0.6261
Change (%)	-2.50%	-1.01%	-0.33%	-	+0.38%	+1.16%	+2.20%
Change	-0.0153	-0.0062	-0.0020	-	+0.0023	+0.0071	+0.0135
Level	Intermediate	Intermediate	Minor	-	Intermediate	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	65.92
MACD (12,26,9):	0.0036
Directional Movement:	16.3501
AROON (14):	85.7143
DEMA (21):	0.6071
Parabolic SAR (0,02-0,02-0,2):	0.5960
Elder Ray (13):	0.0073
Super Trend (3,10):	0.5992
Zig ZAG (10):	0.6126
VORTEX (21):	1.2648
Stochastique (14,3,5):	94.74
TEMA (21):	0.6118
Williams %R (14):	-5.66
Chande Momentum Oscillator (20):	0.0162
Repulse (5,40,3):	0.8348
ROCnROLL:	1
TRIX (15,9):	0.0385
Courbe Coppock:	5.03

MA7:	0.6085
MA20:	0.6008
MA50:	0.6006
MA100:	0.6076
MAexp7:	0.6092
MAexp20:	0.6035
MAexp50:	0.6026
MAexp100:	0.6047
Price / MA7:	+0.67%
Price / MA20:	+1.96%
Price / MA50:	+2.00%
Price / MA100:	+0.82%
Price / MAexp7:	+0.56%
Price / MAexp20:	+1.51%
Price / MAexp50:	+1.66%
Price / MAexp100:	+1.31%

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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