AUD/NZD - Daily - Technical analysis published on 05/07/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 1.0923 NZD
My targets
1.1044 NZD (+0.0053)
1.1236 NZD (+0.0245)
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 1.0923 NZD. The next resistance located at 1.1044 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 1.1236 NZD. After this resistance, buyers could then target 1.1405 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.9
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This analysis was given by GCrow. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/NZD rating is 1.0991 NZD. On the day, this instrument lost -0.29% and was between 1.0982 NZD and 1.1031 NZD. This implies that the price is at +0.08% from its lowest and at -0.36% from its highest.1.0982
1.1031
1.0991
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of AUD/NZD indicates that the overall trend is strongly bullish. 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.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.0817 | 1.0882 | 1.0923 | 1.0991 | 1.1044 | 1.1236 | 1.1405 |
Change (%) | -1.58% | -0.99% | -0.62% | - | +0.48% | +2.23% | +3.77% |
Change | -0.0174 | -0.0109 | -0.0068 | - | +0.0053 | +0.0245 | +0.0414 |
Level | Minor | Intermediate | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0955 | 1.0970 | 1.0997 | 1.1012 | 1.1039 | 1.1054 | 1.1081 |
Camarilla | 1.1012 | 1.1015 | 1.1019 | 1.1023 | 1.1027 | 1.1031 | 1.1035 |
Woodie | 1.0960 | 1.0973 | 1.1002 | 1.1015 | 1.1044 | 1.1057 | 1.1086 |
Fibonacci | 1.0970 | 1.0986 | 1.0996 | 1.1012 | 1.1028 | 1.1038 | 1.1054 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 61.80 | |
MACD (12,26,9): | 0.0041 | |
Directional Movement: | 12.7839 | |
AROON (14): | 85.7143 | |
DEMA (21): | 1.1013 | |
Parabolic SAR (0,02-0,02-0,2): | 1.0949 | |
Elder Ray (13): | 0.0029 | |
Super Trend (3,10): | 1.0896 | |
Zig ZAG (10): | 1.0990 | |
VORTEX (21): | 1.0679 | |
Stochastique (14,3,5): | 84.94 | |
TEMA (21): | 1.1017 | |
Williams %R (14): | -24.14 | |
Chande Momentum Oscillator (20): | 0.0090 | |
Repulse (5,40,3): | -0.1434 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0520 | |
Courbe Coppock: | 1.93 |
MA7: | 1.1006 | |
MA20: | 1.0945 | |
MA50: | 1.0865 | |
MA100: | 1.0794 | |
MAexp7: | 1.0997 | |
MAexp20: | 1.0958 | |
MAexp50: | 1.0886 | |
MAexp100: | 1.0837 | |
Price / MA7: | -0.14% | |
Price / MA20: | +0.42% | |
Price / MA50: | +1.16% | |
Price / MA100: | +1.83% | |
Price / MAexp7: | -0.05% | |
Price / MAexp20: | +0.30% | |
Price / MAexp50: | +0.96% | |
Price / MAexp100: | +1.42% |
Quotes :
-
Real time data
-
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:
- Trading volatility: AUD/NZD on RBNZ rate decision
- Trade of the Week: long AUD/NZD
- #AUDNZD at six-week high as RBA considers raising rates...
- Trading the Trend: short AUD/NZD
- Australian Dollar Analysis: AUD/USD and AUD/NZD May Bounce Before Selloff Resumes
This member declared not having a position on this financial instrument or a related financial instrument.
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