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 05/15/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

83%

11%

My opinion

Bullish above 0.5973 USD

My targets

0.6106 USD (+0.0048)

0.6197 USD (+0.0139)

My analysis

The current short-term bullish trend should quickly fix the basic 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 0.6106 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.6197 USD. If there is any crossing, the next objective would be the resistance located at 0.6261 USD.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.3

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

Additional analysis

Quotes

The NZD/USD rating is 0.6058 USD. The price registered an increase of +0.27% on the session and was between 0.6041 USD and 0.6064 USD. This implies that the price is at +0.28% from its lowest and at -0.10% from its highest.

0.6041

0.6064

0.6058

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 LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

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 not clearly defined. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.5792	0.5878	0.5973	0.6058	0.6064	0.6106	0.6197
Change (%)	-4.39%	-2.97%	-1.40%	-	+0.10%	+0.79%	+2.29%
Change	-0.0266	-0.0180	-0.0085	-	+0.0006	+0.0048	+0.0139
Level	Minor	Intermediate	Minor	-	Intermediate	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5961	0.5978	0.6010	0.6027	0.6059	0.6076	0.6108
Camarilla	0.6029	0.6033	0.6038	0.6042	0.6047	0.6051	0.6056
Woodie	0.5969	0.5982	0.6018	0.6031	0.6067	0.6080	0.6116
Fibonacci	0.5978	0.5997	0.6008	0.6027	0.6046	0.6057	0.6076

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 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):	60.69
MACD (12,26,9):	0.0015
Directional Movement:	8.8889
AROON (14):	78.5714
DEMA (21):	0.6006
Parabolic SAR (0,02-0,02-0,2):	0.5914
Elder Ray (13):	0.0047
Super Trend (3,10):	0.5920
Zig ZAG (10):	0.6060
VORTEX (21):	1.1865
Stochastique (14,3,5):	92.82
TEMA (21):	0.6040
Williams %R (14):	-2.63
Chande Momentum Oscillator (20):	0.0089
Repulse (5,40,3):	1.0039
ROCnROLL:	1
TRIX (15,9):	-0.0011
Courbe Coppock:	3.42

MA7:	0.6026
MA20:	0.5971
MA50:	0.6007
MA100:	0.6081
MAexp7:	0.6027
MAexp20:	0.5996
MAexp50:	0.6010
MAexp100:	0.6041
Price / MA7:	+0.53%
Price / MA20:	+1.46%
Price / MA50:	+0.85%
Price / MA100:	-0.38%
Price / MAexp7:	+0.51%
Price / MAexp20:	+1.03%
Price / MAexp50:	+0.80%
Price / MAexp100:	+0.28%

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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