AUD/NZD - 1H - Technical analysis published on 08/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 1.0962 NZD
My targets
1.0902 NZD (-0.0030)
1.0822 NZD (-0.0110)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AUD/NZD as long as the price remains well below 1.0962 NZD. The sellers' bearish objective is set at 1.0902 NZD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0822 NZD. In case of crossing, the next objective would be the support located at 1.0739 NZD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/NZD rating is 1.0932 NZD. The price registered a decrease of -0.06% on the session and was between 1.0912 NZD and 1.0957 NZD. This implies that the price is at +0.18% from its lowest and at -0.23% from its highest.1.0912
1.0957
1.0932
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 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
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of AUD/NZD in 1H shows a overall strongly bearish trend. 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 3
Type : Neutral
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 : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0739 | 1.0822 | 1.0923 | 1.0932 | 1.0962 | 1.1002 | 1.1023 |
| Change (%) | -1.77% | -1.01% | -0.08% | - | +0.27% | +0.64% | +0.83% |
| Change | -0.0193 | -0.0110 | -0.0009 | - | +0.0030 | +0.0070 | +0.0091 |
| Level | Intermediate | Intermediate | Major | - | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0809 | 1.0862 | 1.0900 | 1.0953 | 1.0991 | 1.1044 | 1.1082 |
| Camarilla | 1.0914 | 1.0922 | 1.0931 | 1.0939 | 1.0947 | 1.0956 | 1.0964 |
| Woodie | 1.0803 | 1.0858 | 1.0894 | 1.0949 | 1.0985 | 1.1040 | 1.1076 |
| Fibonacci | 1.0862 | 1.0896 | 1.0918 | 1.0953 | 1.0987 | 1.1009 | 1.1044 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0960 | 1.0998 | 1.1060 | 1.1098 | 1.1160 | 1.1198 | 1.1260 |
| Camarilla | 1.1094 | 1.1103 | 1.1112 | 1.1121 | 1.1130 | 1.1139 | 1.1149 |
| Woodie | 1.0971 | 1.1004 | 1.1071 | 1.1104 | 1.1171 | 1.1204 | 1.1271 |
| Fibonacci | 1.0998 | 1.1037 | 1.1060 | 1.1098 | 1.1137 | 1.1160 | 1.1198 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0676 | 1.0801 | 1.0902 | 1.1027 | 1.1128 | 1.1253 | 1.1354 |
| Camarilla | 1.0940 | 1.0961 | 1.0981 | 1.1002 | 1.1023 | 1.1043 | 1.1064 |
| Woodie | 1.0663 | 1.0795 | 1.0889 | 1.1021 | 1.1115 | 1.1247 | 1.1341 |
| Fibonacci | 1.0801 | 1.0888 | 1.0941 | 1.1027 | 1.1114 | 1.1167 | 1.1253 |
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): | 43.43 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -11.0098 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.0926 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0945 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 1.0966 | |
| Zig ZAG (10): | 1.0932 | |
| VORTEX (21): | 1.0105 | |
| Stochastique (14,3,5): | 40.00 | |
| TEMA (21): | 1.0930 | |
| Williams %R (14): | -55.56 | |
| Chande Momentum Oscillator (20): | -0.0015 | |
| Repulse (5,40,3): | 0.0436 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0093 | |
| Courbe Coppock: | 0.23 |
| MA7: | 1.1047 | |
| MA20: | 1.1071 | |
| MA50: | 1.0939 | |
| MA100: | 1.0929 | |
| MAexp7: | 1.0931 | |
| MAexp20: | 1.0936 | |
| MAexp50: | 1.0958 | |
| MAexp100: | 1.0995 | |
| Price / MA7: | -1.04% | |
| Price / MA20: | -1.26% | |
| Price / MA50: | -0.06% | |
| Price / MA100: | +0.03% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.24% | |
| Price / MAexp100: | -0.57% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on AUD/NZD at the time of the analysis were as follows:
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Trading volatility: AUD/NZD on RBNZ rate decision
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Trade of the Week: long AUD/NZD
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#AUDNZD at six-week high as RBA considers raising rates...
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Trading the Trend: short AUD/NZD
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This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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