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 05/14/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

72%

22%

My opinion

Bullish above 0.5973 USD

My targets

0.6064 USD (+0.0026)

0.6106 USD (+0.0068)

My analysis

The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for NZD/USD as long as the price remains well above 0.5973 USD. The buyers' bullish objective is set at 0.6064 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.6106 USD. If there is any crossing, the next objective would be the resistance located at 0.6197 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.6064 USD. On this resistance, against the trend traders who would like to go short on NZD/USD with a bearish signal from their trading strategy, should not hesitate to act.

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

Force

2.5

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 pitiantuta. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NZD/USD price is 0.6038 USD. The price has increased by +0.27% since the last closing and was between 0.5995 USD and 0.6038 USD. This implies that the price is at +0.72% from its lowest and at 0% from its highest.

0.5995

0.6038

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of NZD/USD indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

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 horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

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	0.5792	0.5878	0.5973	0.6038	0.6064	0.6106	0.6197
Change (%)	-4.07%	-2.65%	-1.08%	-	+0.43%	+1.13%	+2.63%
Change	-0.0246	-0.0160	-0.0065	-	+0.0026	+0.0068	+0.0159
Level	Minor	Intermediate	Intermediate	-	Intermediate	Intermediate	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	0.5973	0.5987	0.6004	0.6018	0.6035	0.6049	0.6066
Camarilla	0.6014	0.6016	0.6019	0.6022	0.6025	0.6028	0.6031
Woodie	0.5976	0.5988	0.6007	0.6019	0.6038	0.6050	0.6069
Fibonacci	0.5987	0.5999	0.6006	0.6018	0.6030	0.6037	0.6049

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5928	0.5955	0.5987	0.6014	0.6046	0.6073	0.6105
Camarilla	0.6004	0.6009	0.6015	0.6020	0.6025	0.6031	0.6036
Woodie	0.5932	0.5956	0.5991	0.6015	0.6050	0.6074	0.6109
Fibonacci	0.5955	0.5977	0.5991	0.6014	0.6036	0.6050	0.6073

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5561	0.5706	0.5792	0.5937	0.6023	0.6168	0.6254
Camarilla	0.5814	0.5835	0.5856	0.5877	0.5898	0.5919	0.5941
Woodie	0.5531	0.5691	0.5762	0.5922	0.5993	0.6153	0.6224
Fibonacci	0.5706	0.5795	0.5849	0.5937	0.6026	0.6080	0.6168

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):	57.46
MACD (12,26,9):	0.0010
Directional Movement:	5.1101
AROON (14):	21.4286
DEMA (21):	0.5993
Parabolic SAR (0,02-0,02-0,2):	0.5909
Elder Ray (13):	0.0020
Super Trend (3,10):	0.5880
Zig ZAG (10):	0.6036
VORTEX (21):	1.0976
Stochastique (14,3,5):	86.67
TEMA (21):	0.6024
Williams %R (14):	-7.43
Chande Momentum Oscillator (20):	0.0096
Repulse (5,40,3):	0.8788
ROCnROLL:	1
TRIX (15,9):	-0.0105
Courbe Coppock:	3.00

MA7:	0.6018
MA20:	0.5963
MA50:	0.6008
MA100:	0.6084
MAexp7:	0.6015
MAexp20:	0.5988
MAexp50:	0.6008
MAexp100:	0.6040
Price / MA7:	+0.33%
Price / MA20:	+1.26%
Price / MA50:	+0.50%
Price / MA100:	-0.76%
Price / MAexp7:	+0.38%
Price / MAexp20:	+0.84%
Price / MAexp50:	+0.50%
Price / MAexp100:	-0.03%

Quotes : - Real time data - Forex

News

The latest news and videos published on NZD/USD at the time of the analysis were as follows:

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

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