AUD/NZD - 1H - Technical analysis published on 08/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 1.0978 NZD
My targets
1.1044 NZD (+0.0044)
1.1093 NZD (+0.0093)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AUD/NZD as long as the price remains well above 1.0978 NZD. The buyers' bullish objective is set at 1.1044 NZD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1093 NZD. If there is any crossing, the next objective would be the resistance located at 1.1147 NZD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.2
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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 1.1000 NZD. The price has increased by +0.74% since the last closing and was traded between 1.0908 NZD and 1.1041 NZD over the period. The price is currently at +0.84% from its lowest and -0.37% from its highest.1.0908
1.1041
1.1000
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
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
Technical
Technical analysis of AUD/NZD in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
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
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 | 1.0923 | 1.0960 | 1.0978 | 1.1000 | 1.1008 | 1.1044 | 1.1093 |
| Change (%) | -0.70% | -0.36% | -0.20% | - | +0.07% | +0.40% | +0.85% |
| Change | -0.0077 | -0.0040 | -0.0022 | - | +0.0008 | +0.0044 | +0.0093 |
| Level | Major | Intermediate | Minor | - | Minor | Major | Minor |
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 | 1.0861 | 1.0882 | 1.0900 | 1.0921 | 1.0939 | 1.0960 | 1.0978 |
| Camarilla | 1.0908 | 1.0912 | 1.0915 | 1.0919 | 1.0923 | 1.0926 | 1.0930 |
| Woodie | 1.0861 | 1.0881 | 1.0900 | 1.0920 | 1.0939 | 1.0959 | 1.0978 |
| Fibonacci | 1.0882 | 1.0897 | 1.0906 | 1.0921 | 1.0936 | 1.0945 | 1.0960 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0702 | 1.0773 | 1.0867 | 1.0938 | 1.1032 | 1.1103 | 1.1197 |
| Camarilla | 1.0917 | 1.0932 | 1.0947 | 1.0962 | 1.0977 | 1.0992 | 1.1007 |
| Woodie | 1.0715 | 1.0779 | 1.0880 | 1.0944 | 1.1045 | 1.1109 | 1.1210 |
| Fibonacci | 1.0773 | 1.0836 | 1.0875 | 1.0938 | 1.1001 | 1.1040 | 1.1103 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 58.01 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | 7.6183 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.1011 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1028 | |
| Elder Ray (13): | 0.0006 | |
| Super Trend (3,10): | 1.0977 | |
| Zig ZAG (10): | 1.1003 | |
| VORTEX (21): | 1.2068 | |
| Stochastique (14,3,5): | 41.54 | |
| TEMA (21): | 1.1013 | |
| Williams %R (14): | -58.46 | |
| Chande Momentum Oscillator (20): | -0.0028 | |
| Repulse (5,40,3): | 0.0739 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0242 | |
| Courbe Coppock: | 0.07 |
| MA7: | 1.0940 | |
| MA20: | 1.1019 | |
| MA50: | 1.0961 | |
| MA100: | 1.0936 | |
| MAexp7: | 1.1001 | |
| MAexp20: | 1.0991 | |
| MAexp50: | 1.0970 | |
| MAexp100: | 1.0956 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | -0.17% | |
| Price / MA50: | +0.36% | |
| Price / MA100: | +0.59% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.39% |
Quotes :
-
Real time data
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Forex
News
The last news published on AUD/NZD at the time of the generation of this analysis 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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