AUD/NZD - 1H - Technical analysis published on 10/07/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 1.1019 NZD
My targets
1.1044 NZD (+0.0012)
1.1093 NZD (+0.0061)
My analysis
With a bullish background trend, the price of AUD/NZD is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 1.1019 NZD. A bullish break in the resistance located at 1.1044 NZD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 1.1093 NZD. Then 1.1148 NZD by extension. It would be safer to wait for a bullish break in the resistance located at 1.1044 NZD before allowing yourself to re trade long positions (at purchase) on AUD/NZD. PS: if there is a bearish break in the support located at 1.1019 NZD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/NZD rating 1.1032 NZD. The price registered a decrease of -0.02% on the session and was traded between 1.1018 NZD and 1.1055 NZD over the period. The price is currently at +0.13% from its lowest and -0.21% from its highest.1.1018
1.1055
1.1032
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
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUD/NZD in 1H shows an overall bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 1.0923 | 1.0976 | 1.1019 | 1.1032 | 1.1044 | 1.1093 | 1.1148 |
| Change (%) | -0.99% | -0.51% | -0.12% | - | +0.11% | +0.55% | +1.05% |
| Change | -0.0109 | -0.0056 | -0.0013 | - | +0.0012 | +0.0061 | +0.0116 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | 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 | 1.0976 | 1.0994 | 1.1014 | 1.1032 | 1.1052 | 1.1070 | 1.1090 |
| Camarilla | 1.1024 | 1.1027 | 1.1031 | 1.1034 | 1.1038 | 1.1041 | 1.1045 |
| Woodie | 1.0977 | 1.0995 | 1.1015 | 1.1033 | 1.1053 | 1.1071 | 1.1091 |
| Fibonacci | 1.0994 | 1.1009 | 1.1018 | 1.1032 | 1.1047 | 1.1056 | 1.1070 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0738 | 1.0803 | 1.0919 | 1.0984 | 1.1100 | 1.1165 | 1.1281 |
| Camarilla | 1.0984 | 1.1001 | 1.1017 | 1.1034 | 1.1051 | 1.1067 | 1.1084 |
| Woodie | 1.0763 | 1.0816 | 1.0944 | 1.0997 | 1.1125 | 1.1178 | 1.1306 |
| Fibonacci | 1.0803 | 1.0873 | 1.0915 | 1.0984 | 1.1054 | 1.1096 | 1.1165 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0641 | 1.0711 | 1.0805 | 1.0875 | 1.0969 | 1.1039 | 1.1133 |
| Camarilla | 1.0854 | 1.0869 | 1.0884 | 1.0899 | 1.0914 | 1.0929 | 1.0944 |
| Woodie | 1.0653 | 1.0717 | 1.0817 | 1.0881 | 1.0981 | 1.1045 | 1.1145 |
| Fibonacci | 1.0711 | 1.0774 | 1.0812 | 1.0875 | 1.0938 | 1.0976 | 1.1039 |
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): | 42.70 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 5.8966 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 1.1039 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1050 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 1.1022 | |
| Zig ZAG (10): | 1.1030 | |
| VORTEX (21): | 0.9628 | |
| Stochastique (14,3,5): | 21.63 | |
| TEMA (21): | 1.1034 | |
| Williams %R (14): | -80.65 | |
| Chande Momentum Oscillator (20): | -0.0019 | |
| Repulse (5,40,3): | -0.0868 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0030 | |
| Courbe Coppock: | 0.18 |
| MA7: | 1.0974 | |
| MA20: | 1.0919 | |
| MA50: | 1.0921 | |
| MA100: | 1.0925 | |
| MAexp7: | 1.1035 | |
| MAexp20: | 1.1038 | |
| MAexp50: | 1.1030 | |
| MAexp100: | 1.1008 | |
| Price / MA7: | +0.53% | |
| Price / MA20: | +1.03% | |
| Price / MA50: | +1.02% | |
| Price / MA100: | +0.98% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.22% |
Quotes :
-
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:
-
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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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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