NZD/USD

- USD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NZDUSD
ISIN:

NZD/USD - Daily - Technical analysis published on 03/15/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

28%

39%

33%

My opinion

Bearish under 0.6197 USD

My targets

0.6054 USD (-0.0049)

0.5974 USD (-0.0129)

My analysis

NZD/USD is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 0.6197 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 0.6054 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 0.5974 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 0.5870 USD. Beware of a possible return to above the resistance located at 0.6197 USD which would be a sign of a correction of the short-term bearish excesses registered.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

3.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by robbbinbanks. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

NZD/USD rating 0.6103 USD. The price registered a decrease of -0.33% on the session and was traded between 0.6095 USD and 0.6125 USD over the period. The price is currently at +0.13% from its lowest and -0.36% from its highest.

0.6095

0.6125

0.6103

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of NZD/USD indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

MACD indicator is back under 0

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

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 support of channel

Type : Bullish

Timeframe : Daily

Near support of triangle

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.5870	0.5974	0.6054	0.6103	0.6106	0.6197	0.6414
Change (%)	-3.82%	-2.11%	-0.80%	-	+0.05%	+1.54%	+5.10%
Change	-0.0233	-0.0129	-0.0049	-	+0.0003	+0.0094	+0.0311
Level	Minor	Minor	Intermediate	-	Major	Intermediate	Major

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	0.6050	0.6086	0.6104	0.6140	0.6158	0.6194	0.6212
Camarilla	0.6108	0.6113	0.6118	0.6123	0.6128	0.6133	0.6138
Woodie	0.6042	0.6082	0.6096	0.6136	0.6150	0.6190	0.6204
Fibonacci	0.6086	0.6106	0.6119	0.6140	0.6160	0.6173	0.6194

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5943	0.6005	0.6092	0.6154	0.6241	0.6303	0.6390
Camarilla	0.6137	0.6151	0.6164	0.6178	0.6192	0.6205	0.6219
Woodie	0.5955	0.6011	0.6104	0.6160	0.6253	0.6309	0.6402
Fibonacci	0.6005	0.6062	0.6097	0.6154	0.6211	0.6246	0.6303

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5831	0.5934	0.6011	0.6114	0.6191	0.6294	0.6371
Camarilla	0.6038	0.6054	0.6071	0.6087	0.6104	0.6120	0.6137
Woodie	0.5817	0.5928	0.5997	0.6108	0.6177	0.6288	0.6357
Fibonacci	0.5934	0.6003	0.6046	0.6114	0.6183	0.6226	0.6294

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	43.67
MACD (12,26,9):	0.0000
Directional Movement:	-5.0247
AROON (14):	14.2857
DEMA (21):	0.6135
Parabolic SAR (0,02-0,02-0,2):	0.6082
Elder Ray (13):	-0.0026
Super Trend (3,10):	0.6222
Zig ZAG (10):	0.6100
VORTEX (21):	1.0164
Stochastique (14,3,5):	40.94
TEMA (21):	0.6138
Williams %R (14):	-78.52
Chande Momentum Oscillator (20):	0.0004
Repulse (5,40,3):	-1.1200
ROCnROLL:	2
TRIX (15,9):	0.0028
Courbe Coppock:	0.47

MA7:	0.6152
MA20:	0.6144
MA50:	0.6137
MA100:	0.6116
MAexp7:	0.6134
MAexp20:	0.6136
MAexp50:	0.6135
MAexp100:	0.6118
Price / MA7:	-0.80%
Price / MA20:	-0.67%
Price / MA50:	-0.55%
Price / MA100:	-0.21%
Price / MAexp7:	-0.51%
Price / MAexp20:	-0.54%
Price / MAexp50:	-0.52%
Price / MAexp100:	-0.25%

Quotes : - Real time data - Forex

News

The last news published on NZD/USD at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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