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 07/24/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 0.5993 USD

My targets

0.5878 USD (-0.0064)

0.5792 USD (-0.0150)

My analysis

NZD/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.5993 USD. The next support located at 0.5878 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.5792 USD. Below this support, sellers could then target 0.5562 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

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

6.6

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 Edd8011. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NZD/USD rating is 0.5942 USD. On the day, this instrument lost -0.17% and was between 0.5913 USD and 0.5953 USD. This implies that the price is at +0.49% from its lowest and at -0.18% from its highest.

0.5913

0.5953

0.5942

Here is a more detailed summary of the historical variations registered by NZD/USD:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of NZD/USD in Daily shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Black hanging man / hammer

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.5562	0.5792	0.5878	0.5942	0.5993	0.6064	0.6106
Change (%)	-6.40%	-2.52%	-1.08%	-	+0.86%	+2.05%	+2.76%
Change	-0.0380	-0.0150	-0.0064	-	+0.0051	+0.0122	+0.0164
Level	Minor	Major	Major	-	Intermediate	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5911	0.5931	0.5941	0.5961	0.5971	0.5991	0.6001
Camarilla	0.5944	0.5947	0.5949	0.5952	0.5955	0.5958	0.5960
Woodie	0.5907	0.5929	0.5937	0.5959	0.5967	0.5989	0.5997
Fibonacci	0.5931	0.5942	0.5949	0.5961	0.5972	0.5979	0.5991

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5864	0.5935	0.5972	0.6043	0.6080	0.6151	0.6188
Camarilla	0.5980	0.5990	0.6000	0.6010	0.6020	0.6030	0.6040
Woodie	0.5848	0.5927	0.5956	0.6035	0.6064	0.6143	0.6172
Fibonacci	0.5935	0.5976	0.6001	0.6043	0.6084	0.6109	0.6151

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5860	0.5958	0.6025	0.6123	0.6190	0.6288	0.6355
Camarilla	0.6046	0.6061	0.6076	0.6091	0.6106	0.6121	0.6136
Woodie	0.5844	0.5950	0.6009	0.6115	0.6174	0.6280	0.6339
Fibonacci	0.5958	0.6021	0.6060	0.6123	0.6186	0.6225	0.6288

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):	27.63
MACD (12,26,9):	-0.0036
Directional Movement:	-26.8203
AROON (14):	-85.7143
DEMA (21):	0.6016
Parabolic SAR (0,02-0,02-0,2):	0.6117
Elder Ray (13):	-0.0100
Super Trend (3,10):	0.6058
Zig ZAG (10):	0.5945
VORTEX (21):	0.7757
Stochastique (14,3,5):	5.49
TEMA (21):	0.5981
Williams %R (14):	-87.14
Chande Momentum Oscillator (20):	-0.0186
Repulse (5,40,3):	-0.9464
ROCnROLL:	2
TRIX (15,9):	-0.0436
Courbe Coppock:	3.16

MA7:	0.6011
MA20:	0.6070
MA50:	0.6108
MA100:	0.6058
MAexp7:	0.5999
MAexp20:	0.6054
MAexp50:	0.6077
MAexp100:	0.6075
Price / MA7:	-1.15%
Price / MA20:	-2.11%
Price / MA50:	-2.72%
Price / MA100:	-1.91%
Price / MAexp7:	-0.95%
Price / MAexp20:	-1.85%
Price / MAexp50:	-2.22%
Price / MAexp100:	-2.19%

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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