Londinia Opportunities Analyses - 04/26/2024 (GMT) NZD/USD FULL0624 - 1H

NZD/USD FULL0624
- USD (-)
- 10 min delayed data - CME Globex Futures
Type: Futures
Ticker: NZDUSDXXXX
ISIN: NZDUSDXXXX

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • FX/Indices
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
67%
17%
17%
My opinion
Bullish above 0.59460 USD
My targets
0.59983 USD (+0.65%)
0.60520 USD (+1.55%)
My analysis
The bullish trend is currently very strong on NZD/USD FULL0624. As long as the price remains above the support at 0.59460 USD, you could try to benefit from the boom. The first bullish objective is located at 0.59983 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.60520 USD as an objective. Crossing it would then enable buyers to target 0.61073 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7

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Additional analysis

Quotes

The NZD/USD FULL0624 rating is 0.59595 USD. The price has increased by +0.24% since the last closing with the lowest point at 0.59490 USD and the highest point at 0.59605 USD. The deviation from the price is +0.18% for the low point and -0.02% for the high point.

0.59490
0.59605
0.59595

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by NZD/USD FULL0624:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 NZD/USD FULL0624 in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.58943 0.59285 0.59460 0.59595 0.60520 0.61073 0.62004
Change (%) -1.09% -0.52% -0.23% - +1.55% +2.48% +4.04%
Change -0.00652 -0.00310 -0.00135 - +0.00925 +0.01478 +0.02409
Level Minor Intermediate Intermediate - Major Minor 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
Standard0.587230.589620.592230.594620.597230.599620.60223
Camarilla0.593480.593930.594390.594850.595310.595770.59623
Woodie0.587350.589680.592350.594680.597350.599680.60235
Fibonacci0.589620.591530.592710.594620.596530.597710.59962


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.574020.579630.584120.589730.594220.599830.60432
Camarilla0.585820.586750.587670.588600.589530.590450.59138
Woodie0.573450.579350.583550.589450.593650.599550.60375
Fibonacci0.579630.583490.585880.589730.593590.595980.59983


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.557300.575600.585100.603400.612900.631200.64070
Camarilla0.586960.589500.592050.594600.597150.599700.60225
Woodie0.552900.573400.580700.601200.608500.629000.63630
Fibonacci0.575600.586220.592780.603400.614020.620580.63120

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 59.98
MACD (12,26,9): 0.0003
Directional Movement: 7.82880
AROON (14): -7.14286
DEMA (21): 0.59505
Parabolic SAR (0,02-0,02-0,2): 0.59200
Elder Ray (13): 0.00092
Super Trend (3,10): 0.59612
Zig ZAG (10): 0.59570
VORTEX (21): 1.0988
Stochastique (14,3,5): 71.00
TEMA (21): 0.59527
Williams %R (14): -25.00
Chande Momentum Oscillator (20): -0.00015
Repulse (5,40,3): 0.0725
ROCnROLL: 1
TRIX (15,9): 0.0068
Courbe Coppock: 0.02
MA7: 0.59264
MA20: 0.59577
MA50: 0.60475
MA100: 0.61114
MAexp7: 0.59521
MAexp20: 0.59465
MAexp50: 0.59397
MAexp100: 0.59323
Price / MA7: +0.56%
Price / MA20: +0.03%
Price / MA50: -1.46%
Price / MA100: -2.49%
Price / MAexp7: +0.12%
Price / MAexp20: +0.22%
Price / MAexp50: +0.33%
Price / MAexp100: +0.46%

Quotes : - 10 min delayed data - Futures CME Globex