Londinia Opportunities Analyses - 04/26/2024 (GMT) NZD/USD - 1H
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 0.5952 USD
My targets
0.6000 USD (+0.0036)
0.6064 USD (+0.0100)
My analysis
NZD/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.5952 USD. The next resistance located at 0.6000 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.6064 USD. After this resistance, buyers could then target 0.6106 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8
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Additional analysis
Quotes
NZD/USD rating 0.5964 USD. The price has increased by +0.12% since the last closing with the lowest point at 0.5953 USD and the highest point at 0.5970 USD. The deviation from the price is +0.18% for the low point and -0.10% for the high point.0.5953
0.5970
0.5964
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 this 1H chart of NZD/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
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 resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.5894 | 0.5920 | 0.5952 | 0.5964 | 0.5969 | 0.6064 | 0.6106 |
| Change (%) | -1.17% | -0.74% | -0.20% | - | +0.08% | +1.68% | +2.38% |
| Change | -0.0070 | -0.0044 | -0.0012 | - | +0.0005 | +0.0100 | +0.0142 |
| Level | Minor | Major | Intermediate | - | 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 | 0.5879 | 0.5900 | 0.5928 | 0.5949 | 0.5977 | 0.5998 | 0.6026 |
| Camarilla | 0.5944 | 0.5948 | 0.5953 | 0.5957 | 0.5962 | 0.5966 | 0.5971 |
| Woodie | 0.5884 | 0.5902 | 0.5933 | 0.5951 | 0.5982 | 0.6000 | 0.6031 |
| Fibonacci | 0.5900 | 0.5918 | 0.5930 | 0.5949 | 0.5967 | 0.5979 | 0.5998 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5740 | 0.5796 | 0.5842 | 0.5898 | 0.5944 | 0.6000 | 0.6046 |
| Camarilla | 0.5860 | 0.5869 | 0.5879 | 0.5888 | 0.5897 | 0.5907 | 0.5916 |
| Woodie | 0.5735 | 0.5794 | 0.5837 | 0.5896 | 0.5939 | 0.5998 | 0.6041 |
| Fibonacci | 0.5796 | 0.5835 | 0.5859 | 0.5898 | 0.5937 | 0.5961 | 0.6000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5622 | 0.5789 | 0.5883 | 0.6050 | 0.6144 | 0.6311 | 0.6405 |
| Camarilla | 0.5905 | 0.5929 | 0.5953 | 0.5977 | 0.6001 | 0.6025 | 0.6049 |
| Woodie | 0.5586 | 0.5771 | 0.5847 | 0.6032 | 0.6108 | 0.6293 | 0.6369 |
| Fibonacci | 0.5789 | 0.5889 | 0.5950 | 0.6050 | 0.6150 | 0.6211 | 0.6311 |
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): | 59.28 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 8.0408 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 0.5962 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.5940 | |
| Elder Ray (13): | 0.0006 | |
| Super Trend (3,10): | 0.5938 | |
| Zig ZAG (10): | 0.5962 | |
| VORTEX (21): | 1.0086 | |
| Stochastique (14,3,5): | 67.90 | |
| TEMA (21): | 0.5963 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | 0.0014 | |
| Repulse (5,40,3): | -0.0784 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0112 | |
| Courbe Coppock: | 0.57 |
| MA7: | 0.5929 | |
| MA20: | 0.5960 | |
| MA50: | 0.6045 | |
| MA100: | 0.6110 | |
| MAexp7: | 0.5960 | |
| MAexp20: | 0.5955 | |
| MAexp50: | 0.5947 | |
| MAexp100: | 0.5937 | |
| Price / MA7: | +0.59% | |
| Price / MA20: | +0.07% | |
| Price / MA50: | -1.34% | |
| Price / MA100: | -2.39% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.29% | |
| Price / MAexp100: | +0.45% |
Quotes :
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Real time data
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Forex
News
The last news published on NZD/USD at the time of the generation of this analysis was as follows:
-
Technical Analysis: 03/04/2024 - NZDUSD halts decline at 23.6% Fibonacci
-
Technical Analysis: 20/03/2024 - NZDUSD in the red again ahead of the Fed
-
Technical Analysis: 07/02/2024 - NZDUSD bounces off 2-month low
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Technical Analysis: 24/01/2024 - NZDUSD continues to trade sideways
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Technical Analysis: 17/01/2024 - NZDUSD plummets below 50-day SMA