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 08/02/2024 (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

28%

44%

28%

My opinion

Bearish under 0.5993 USD

My targets

0.5878 USD (-0.0069)

0.5792 USD (-0.0155)

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 are neutral, but do not change the general bearish opinion of this analysis.

Force

6.3

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

Additional analysis

Quotes

The NZD/USD rating is 0.5947 USD. On the day, this instrument gained +0.20% with the lowest point at 0.5930 USD and the highest point at 0.5961 USD. The deviation from the price is +0.29% for the low point and -0.23% for the high point.

0.5930

0.5961

0.5947

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

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. 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.

On the 18 technical indicators analysed, 5 are bullish, 5 are neutral and 8 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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 triangle

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	0.5947	0.5993	0.6064	0.6197
Change (%)	-6.47%	-2.61%	-1.16%	-	+0.77%	+1.97%	+4.20%
Change	-0.0385	-0.0155	-0.0069	-	+0.0046	+0.0117	+0.0250
Level	Minor	Major	Major	-	Minor	Intermediate	Major

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	0.5900	0.5918	0.5950	0.5968	0.6000	0.6018
Camarilla	0.5921	0.5926	0.5930	0.5935	0.5940	0.5944	0.5949
Woodie	0.5860	0.5897	0.5910	0.5947	0.5960	0.5997	0.6010
Fibonacci	0.5900	0.5919	0.5931	0.5950	0.5969	0.5981	0.6000

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	0.5524	0.5690	0.5821	0.5987	0.6118	0.6284	0.6415
Camarilla	0.5869	0.5897	0.5924	0.5951	0.5978	0.6006	0.6033
Woodie	0.5506	0.5681	0.5803	0.5978	0.6100	0.6275	0.6397
Fibonacci	0.5690	0.5804	0.5874	0.5987	0.6101	0.6171	0.6284

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):	40.71
MACD (12,26,9):	-0.0048
Directional Movement:	-10.6848
AROON (14):	-71.4286
DEMA (21):	0.5924
Parabolic SAR (0,02-0,02-0,2):	0.5860
Elder Ray (13):	-0.0013
Super Trend (3,10):	0.6001
Zig ZAG (10):	0.5950
VORTEX (21):	0.7976
Stochastique (14,3,5):	34.81
TEMA (21):	0.5894
Williams %R (14):	-61.00
Chande Momentum Oscillator (20):	-0.0130
Repulse (5,40,3):	0.2474
ROCnROLL:	2
TRIX (15,9):	-0.1096
Courbe Coppock:	5.65

MA7:	0.5913
MA20:	0.6004
MA50:	0.6080
MA100:	0.6042
MAexp7:	0.5935
MAexp20:	0.5985
MAexp50:	0.6037
MAexp100:	0.6052
Price / MA7:	+0.58%
Price / MA20:	-0.95%
Price / MA50:	-2.19%
Price / MA100:	-1.57%
Price / MAexp7:	+0.20%
Price / MAexp20:	-0.63%
Price / MAexp50:	-1.49%
Price / MAexp100:	-1.73%

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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