NZD/USD

- USD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	NZDUSD
ISIN:

NZD/USD - Weekly - Technical analysis published on 03/18/2024 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

17%

39%

44%

My opinion

Bearish under 0.6294 USD

My targets

0.5934 USD (-0.0159)

0.5684 USD (-0.0409)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NZD/USD as long as the price remains well below 0.6294 USD. The next bearish objective for sellers is set at 0.5934 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.5684 USD. If there is any crossing, the next objective would be the support located at 0.4927 USD. 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 over sold items that could be a sign of a short-term correction.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

5.7

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 0.6093 USD. Over 5 days, this instrument lost -1.25% with the lowest point at 0.6079 USD and the highest point at 0.6175 USD. The deviation from the price is +0.23% for the low point and -1.33% for the high point.

0.6079

0.6175

0.6093

The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 for higher/lower results shows the following items:

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 Weekly chart of NZD/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found no further results concerning independent technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near resistance of triangle

Type : Bearish

Timeframe : Weekly

Near support of channel

Type : Bullish

Timeframe : Weekly

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:

Bullish harami

Type : Bullish

Timeframe : Weekly

Bullish harami cross

Type : Bullish

Timeframe : Weekly

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.4927	0.5684	0.6093	0.6106	0.6414	0.6970
Change (%)	-19.14%	-6.71%	-	+0.21%	+5.27%	+14.39%
Change	-0.1166	-0.0409	-	+0.0013	+0.0321	+0.0877
Level	Minor	Major	-	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	0.6018	0.6048	0.6064	0.6094	0.6110	0.6140	0.6156
Camarilla	0.6066	0.6071	0.6075	0.6079	0.6083	0.6087	0.6092
Woodie	0.6010	0.6045	0.6056	0.6091	0.6102	0.6137	0.6148
Fibonacci	0.6048	0.6066	0.6077	0.6094	0.6112	0.6123	0.6140

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5938	0.6008	0.6044	0.6114	0.6150	0.6220	0.6256
Camarilla	0.6050	0.6060	0.6069	0.6079	0.6089	0.6098	0.6108
Woodie	0.5920	0.6000	0.6026	0.6106	0.6132	0.6212	0.6238
Fibonacci	0.6008	0.6049	0.6074	0.6114	0.6155	0.6180	0.6220

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):	48.81
MACD (12,26,9):	0.0012
Directional Movement:	3.0110
AROON (14):	-42.8572
DEMA (21):	0.6136
Parabolic SAR (0,02-0,02-0,2):	0.6218
Elder Ray (13):	-0.0037
Super Trend (3,10):	0.5920
Zig ZAG (10):	0.6094
VORTEX (21):	1.1171
Stochastique (14,3,5):	23.69
TEMA (21):	0.6152
Williams %R (14):	-83.43
Chande Momentum Oscillator (20):	-0.0222
Repulse (5,40,3):	-0.9199
ROCnROLL:	2
TRIX (15,9):	0.0547
Courbe Coppock:	0.29

MA7:	0.6137
MA20:	0.6140
MA50:	0.6134
MA100:	0.6118
MAexp7:	0.6122
MAexp20:	0.6119
MAexp50:	0.6127
MAexp100:	0.6218
Price / MA7:	-0.72%
Price / MA20:	-0.77%
Price / MA50:	-0.67%
Price / MA100:	-0.41%
Price / MAexp7:	-0.47%
Price / MAexp20:	-0.42%
Price / MAexp50:	-0.55%
Price / MAexp100:	-2.01%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on NZD/USD. At the time of publication of this analysis, the latest news was as follows:

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

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