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 07/29/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

78%

17%

My opinion

Bearish under 0.5993 USD

My targets

0.5792 USD (-0.0087)

0.5562 USD (-0.0317)

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 0.5993 USD. The sellers' bearish objective is set at 0.5792 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.5562 USD. In case of crossing, the next objective would be the support located at 0.4927 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

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

NZD/USD rating 0.5879 USD. The price is lower by -0.15% since the last closing and was traded between 0.5857 USD and 0.5901 USD over the period. The price is currently at +0.38% from its lowest and -0.37% from its highest.

0.5857

0.5901

0.5879

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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

A technical analysis in Daily of this NZD/USD chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 14 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

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 : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near support of channel

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	0.5562	0.5792	0.5878	0.5879	0.5993	0.6064	0.6106
Change (%)	-5.39%	-1.48%	-0.02%	-	+1.94%	+3.15%	+3.86%
Change	-0.0317	-0.0087	-0.0001	-	+0.0114	+0.0185	+0.0227
Level	Minor	Major	Major	-	Minor	Major	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	0.5854	0.5868	0.5878	0.5892	0.5902	0.5916	0.5926
Camarilla	0.5881	0.5884	0.5886	0.5888	0.5890	0.5892	0.5895
Woodie	0.5852	0.5867	0.5876	0.5891	0.5900	0.5915	0.5924
Fibonacci	0.5868	0.5877	0.5883	0.5892	0.5901	0.5907	0.5916

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5690	0.5785	0.5837	0.5932	0.5984	0.6079	0.6131
Camarilla	0.5848	0.5861	0.5875	0.5888	0.5902	0.5915	0.5928
Woodie	0.5668	0.5774	0.5815	0.5921	0.5962	0.6068	0.6109
Fibonacci	0.5785	0.5842	0.5876	0.5932	0.5989	0.6023	0.6079

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	21.98
MACD (12,26,9):	-0.0056
Directional Movement:	-31.0060
AROON (14):	-85.7143
DEMA (21):	0.5945
Parabolic SAR (0,02-0,02-0,2):	0.6048
Elder Ray (13):	-0.0097
Super Trend (3,10):	0.6001
Zig ZAG (10):	0.5877
VORTEX (21):	0.7612
Stochastique (14,3,5):	4.29
TEMA (21):	0.5898
Williams %R (14):	-92.81
Chande Momentum Oscillator (20):	-0.0217
Repulse (5,40,3):	-1.1600
ROCnROLL:	2
TRIX (15,9):	-0.0812
Courbe Coppock:	5.85

MA7:	0.5931
MA20:	0.6039
MA50:	0.6094
MA100:	0.6050
MAexp7:	0.5931
MAexp20:	0.6009
MAexp50:	0.6054
MAexp100:	0.6063
Price / MA7:	-0.88%
Price / MA20:	-2.65%
Price / MA50:	-3.53%
Price / MA100:	-2.83%
Price / MAexp7:	-0.88%
Price / MAexp20:	-2.16%
Price / MAexp50:	-2.89%
Price / MAexp100:	-3.03%

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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