NZD/USD

- USD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	NZDUSD
ISIN:

NZD/USD - 1H - Technical analysis published on 07/25/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

61%

28%

My opinion

Bearish under 0.5913 USD

My targets

0.5878 USD (-0.0007)

0.5864 USD (-0.0021)

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 0.5913 USD. The sellers' bearish objective is set at 0.5878 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.5864 USD. In case of crossing, the next objective would be the support located at 0.5792 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

Force

7.7

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

Additional analysis

Quotes

The NZD/USD price is 0.5885 USD. On the day, this instrument lost -0.68% and was traded between 0.5881 USD and 0.5927 USD over the period. The price is currently at +0.07% from its lowest and -0.71% from its highest.

0.5881

0.5927

0.5885

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 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

A technical analysis in 1H of this NZD/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 11 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.5562	0.5792	0.5878	0.5885	0.5913	0.5950	0.5993
Change (%)	-5.49%	-1.58%	-0.12%	-	+0.48%	+1.10%	+1.84%
Change	-0.0323	-0.0093	-0.0007	-	+0.0028	+0.0065	+0.0108
Level	Minor	Major	Major	-	Intermediate	Intermediate	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	0.5868	0.5890	0.5908	0.5930	0.5948	0.5970	0.5988
Camarilla	0.5914	0.5918	0.5921	0.5925	0.5929	0.5932	0.5936
Woodie	0.5865	0.5889	0.5905	0.5929	0.5945	0.5969	0.5985
Fibonacci	0.5890	0.5906	0.5915	0.5930	0.5946	0.5955	0.5970

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):	29.14
MACD (12,26,9):	-0.0010
Directional Movement:	-19.4932
AROON (14):	-28.5714
DEMA (21):	0.5891
Parabolic SAR (0,02-0,02-0,2):	0.5884
Elder Ray (13):	-0.0012
Super Trend (3,10):	0.5916
Zig ZAG (10):	0.5886
VORTEX (21):	0.8173
Stochastique (14,3,5):	17.39
TEMA (21):	0.5889
Williams %R (14):	-89.13
Chande Momentum Oscillator (20):	-0.0026
Repulse (5,40,3):	-0.2315
ROCnROLL:	2
TRIX (15,9):	-0.0230
Courbe Coppock:	0.72

MA7:	0.5982
MA20:	0.6059
MA50:	0.6103
MA100:	0.6055
MAexp7:	0.5894
MAexp20:	0.5904
MAexp50:	0.5924
MAexp100:	0.5952
Price / MA7:	-1.62%
Price / MA20:	-2.87%
Price / MA50:	-3.57%
Price / MA100:	-2.81%
Price / MAexp7:	-0.15%
Price / MAexp20:	-0.32%
Price / MAexp50:	-0.66%
Price / MAexp100:	-1.13%

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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