AUD/NZD - Weekly - Technical analysis published on 09/16/2020 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 1.0515 NZD
My targets
1.1159 NZD (+0.0284)
1.1421 NZD (+0.0546)
My analysis
AUD/NZD 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 1.0515 NZD. The next resistance located at 1.1159 NZD 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 1.1421 NZD. After this resistance, buyers could then target 1.2423 NZD. 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.
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
0
10
8.2
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This analysis was given by IJD Holdings. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/NZD rating 1.0875 NZD. The price is lower by -0.16% over the 5 days with the lowest point at 1.0857 NZD and the highest point at 1.0933 NZD. The deviation from the price is +0.17% for the low point and -0.53% for the high point.1.0857
1.0933
1.0875
Here is a more detailed summary of the historical variations registered by AUD/NZD:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUD/NZD in Weekly 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 scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Weekly
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0377 | 1.0515 | 1.0831 | 1.0875 | 1.0987 | 1.1159 | 1.1274 |
| Change (%) | -4.58% | -3.31% | -0.40% | - | +1.03% | +2.61% | +3.67% |
| Change | -0.0498 | -0.0360 | -0.0044 | - | +0.0112 | +0.0284 | +0.0399 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0800 | 1.0829 | 1.0852 | 1.0881 | 1.0904 | 1.0933 | 1.0956 |
| Camarilla | 1.0860 | 1.0865 | 1.0869 | 1.0874 | 1.0879 | 1.0884 | 1.0888 |
| Woodie | 1.0796 | 1.0828 | 1.0848 | 1.0880 | 1.0900 | 1.0932 | 1.0952 |
| Fibonacci | 1.0829 | 1.0849 | 1.0862 | 1.0881 | 1.0901 | 1.0914 | 1.0933 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0761 | 1.0799 | 1.0861 | 1.0899 | 1.0961 | 1.0999 | 1.1061 |
| Camarilla | 1.0897 | 1.0906 | 1.0915 | 1.0924 | 1.0933 | 1.0942 | 1.0952 |
| Woodie | 1.0774 | 1.0805 | 1.0874 | 1.0905 | 1.0974 | 1.1005 | 1.1074 |
| Fibonacci | 1.0799 | 1.0837 | 1.0861 | 1.0899 | 1.0937 | 1.0961 | 1.0999 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0443 | 1.0580 | 1.0769 | 1.0906 | 1.1095 | 1.1232 | 1.1421 |
| Camarilla | 1.0867 | 1.0897 | 1.0927 | 1.0957 | 1.0987 | 1.1017 | 1.1047 |
| Woodie | 1.0468 | 1.0593 | 1.0794 | 1.0919 | 1.1120 | 1.1245 | 1.1446 |
| Fibonacci | 1.0580 | 1.0705 | 1.0782 | 1.0906 | 1.1031 | 1.1108 | 1.1232 |
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): | 59.70 | |
| MACD (12,26,9): | 0.0099 | |
| Directional Movement: | 10.7648 | |
| AROON (14): | 42.8572 | |
| DEMA (21): | 1.0885 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0688 | |
| Elder Ray (13): | 0.0079 | |
| Super Trend (3,10): | 1.0583 | |
| Zig ZAG (10): | 1.0876 | |
| VORTEX (21): | 1.1380 | |
| Stochastique (14,3,5): | 65.34 | |
| TEMA (21): | 1.0944 | |
| Williams %R (14): | -35.15 | |
| Chande Momentum Oscillator (20): | 0.0186 | |
| Repulse (5,40,3): | -0.0757 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1221 | |
| Courbe Coppock: | 3.71 |
| MA7: | 1.0895 | |
| MA20: | 1.0912 | |
| MA50: | 1.0830 | |
| MA100: | 1.0761 | |
| MAexp7: | 1.0869 | |
| MAexp20: | 1.0761 | |
| MAexp50: | 1.0655 | |
| MAexp100: | 1.0636 | |
| Price / MA7: | -0.18% | |
| Price / MA20: | -0.34% | |
| Price / MA50: | +0.42% | |
| Price / MA100: | +1.06% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +1.06% | |
| Price / MAexp50: | +2.06% | |
| Price / MAexp100: | +2.25% |
Quotes :
2020-09-16 04:13:13
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Real time data
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Forex
News
Don"t forget to follow the news on AUD/NZD. At the time of publication of this analysis, the latest news was as follows:
-
Australian Dollar Analysis: AUD/USD and AUD/NZD May Bounce Before Selloff Resumes
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EURUSD, USDJPY and AUDNZD Absorb ECB, Risk Trends, Key Data
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Technical Analysis for EUR/USD, USD/CAD, AUD/NZD & More
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Charts for Next Week – EUR/USD, USD/JPY, AUD/NZD & More
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Trading Outlook – USD, Euro, Pound, AUD/NZD and More
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