Londinia Opportunities Analyses - 05/08/2024 (GMT) AUD/NZD - 1H

- NZD (-)

- Real time data - Forex

Type:	Forex
Ticker:	AUDNZD
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

FX/Indices
Timeframe : 1H
- 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 1.0996 NZD

My targets

1.0954 NZD (-0.0022)

1.0938 NZD (-0.0038)

My analysis

AUD/NZD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.0996 NZD. The next support located at 1.0954 NZD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.0938 NZD. Below this support, sellers could then target 1.0923 NZD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

8.2

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Additional analysis

Quotes

The AUD/NZD price is 1.0976 NZD. On the day, this instrument lost -0.11% and was between 1.0972 NZD and 1.0989 NZD. This implies that the price is at +0.04% from its lowest and at -0.12% from its highest.

1.0972

1.0989

1.0976

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of AUD/NZD indicates that the overall trend is strongly bearish. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

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 support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.0938	1.0954	1.0974	1.0976	1.0982	1.0996	1.1013
Change (%)	-0.35%	-0.20%	-0.02%	-	+0.05%	+0.18%	+0.34%
Change	-0.0038	-0.0022	-0.0002	-	+0.0006	+0.0020	+0.0037
Level	Minor	Minor	Major	-	Minor	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	1.0907	1.0941	1.0964	1.0998	1.1021	1.1055	1.1078
Camarilla	1.0972	1.0978	1.0983	1.0988	1.0993	1.0999	1.1004
Woodie	1.0903	1.0938	1.0960	1.0995	1.1017	1.1052	1.1074
Fibonacci	1.0941	1.0962	1.0976	1.0998	1.1019	1.1033	1.1055

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0884	1.0919	1.0958	1.0993	1.1032	1.1067	1.1106
Camarilla	1.0977	1.0983	1.0990	1.0997	1.1004	1.1011	1.1017
Woodie	1.0886	1.0920	1.0960	1.0994	1.1034	1.1068	1.1108
Fibonacci	1.0919	1.0947	1.0965	1.0993	1.1021	1.1039	1.1067

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0747	1.0802	1.0909	1.0964	1.1071	1.1126	1.1233
Camarilla	1.0972	1.0986	1.1001	1.1016	1.1031	1.1046	1.1061
Woodie	1.0773	1.0815	1.0935	1.0977	1.1097	1.1139	1.1259
Fibonacci	1.0802	1.0864	1.0902	1.0964	1.1026	1.1064	1.1126

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):	33.72
MACD (12,26,9):	-0.0007
Directional Movement:	-16.2444
AROON (14):	-85.7143
DEMA (21):	1.0980
Parabolic SAR (0,02-0,02-0,2):	1.0991
Elder Ray (13):	-0.0009
Super Trend (3,10):	1.1002
Zig ZAG (10):	1.0975
VORTEX (21):	1.0055
Stochastique (14,3,5):	15.74
TEMA (21):	1.0978
Williams %R (14):	-83.33
Chande Momentum Oscillator (20):	-0.0017
Repulse (5,40,3):	-0.0674
ROCnROLL:	2
TRIX (15,9):	-0.0079
Courbe Coppock:	0.20

MA7:	1.1004
MA20:	1.0949
MA50:	1.0871
MA100:	1.0796
MAexp7:	1.0982
MAexp20:	1.0989
MAexp50:	1.0998
MAexp100:	1.1000
Price / MA7:	-0.25%
Price / MA20:	+0.25%
Price / MA50:	+0.97%
Price / MA100:	+1.67%
Price / MAexp7:	-0.05%
Price / MAexp20:	-0.12%
Price / MAexp50:	-0.20%
Price / MAexp100:	-0.22%

Quotes : - Real time data - Forex

News

The last news published on AUD/NZD at the time of the generation of this analysis was as follows: