NZD/USD - 1H - Technical analysis published on 10/22/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
72%
6%
22%
My opinion
Bearish under 0.6065 USD
My targets
0.6027 USD (-0.0022)
0.5980 USD (-0.0069)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.6065 USD remains possible. It is advisable to trade NZD/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.6065 USD. The next bearish objective for sellers is set at 0.6027 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.5980 USD. In case of crossing, the next objective would be the support located at 0.5877 USD. PS: if there is a bullish break in the resistance located at 0.6065 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0
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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 0.6049 USD. The price has increased by +0.43% since the last closing and was between 0.6021 USD and 0.6060 USD. This implies that the price is at +0.47% from its lowest and at -0.18% from its highest.0.6021
0.6060
0.6049
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/USD chart shows a bearish trend. The signals given by moving averages are 64.29% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.5877 | 0.5980 | 0.6027 | 0.6049 | 0.6052 | 0.6065 | 0.6084 |
Change (%) | -2.84% | -1.14% | -0.36% | - | +0.05% | +0.26% | +0.58% |
Change | -0.0172 | -0.0069 | -0.0022 | - | +0.0003 | +0.0016 | +0.0035 |
Level | Major | Minor | Minor | - | Intermediate | 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 | 0.5938 | 0.5980 | 0.6001 | 0.6043 | 0.6064 | 0.6106 | 0.6127 |
Camarilla | 0.6006 | 0.6012 | 0.6017 | 0.6023 | 0.6029 | 0.6035 | 0.6040 |
Woodie | 0.5929 | 0.5975 | 0.5992 | 0.6038 | 0.6055 | 0.6101 | 0.6118 |
Fibonacci | 0.5980 | 0.6004 | 0.6019 | 0.6043 | 0.6067 | 0.6082 | 0.6106 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.5971 | 0.6005 | 0.6038 | 0.6072 | 0.6105 | 0.6139 | 0.6172 |
Camarilla | 0.6053 | 0.6059 | 0.6065 | 0.6071 | 0.6077 | 0.6083 | 0.6089 |
Woodie | 0.5971 | 0.6005 | 0.6038 | 0.6072 | 0.6105 | 0.6139 | 0.6172 |
Fibonacci | 0.6005 | 0.6031 | 0.6046 | 0.6072 | 0.6098 | 0.6113 | 0.6139 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.5901 | 0.6004 | 0.6174 | 0.6277 | 0.6447 | 0.6550 | 0.6720 |
Camarilla | 0.6270 | 0.6295 | 0.6320 | 0.6345 | 0.6370 | 0.6395 | 0.6420 |
Woodie | 0.5936 | 0.6021 | 0.6209 | 0.6294 | 0.6482 | 0.6567 | 0.6755 |
Fibonacci | 0.6004 | 0.6108 | 0.6172 | 0.6277 | 0.6381 | 0.6445 | 0.6550 |
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): | 58.55 | |
MACD (12,26,9): | -0.0002 | |
Directional Movement: | 9.7924 | |
AROON (14): | 42.8571 | |
DEMA (21): | 0.6041 | |
Parabolic SAR (0,02-0,02-0,2): | 0.6030 | |
Elder Ray (13): | 0.0010 | |
Super Trend (3,10): | 0.6030 | |
Zig ZAG (10): | 0.6058 | |
VORTEX (21): | 1.0000 | |
Stochastique (14,3,5): | 92.31 | |
TEMA (21): | 0.6044 | |
Williams %R (14): | -2.56 | |
Chande Momentum Oscillator (20): | 0.0029 | |
Repulse (5,40,3): | 0.2560 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0162 | |
Courbe Coppock: | 0.12 |
MA7: | 0.6059 | |
MA20: | 0.6156 | |
MA50: | 0.6173 | |
MA100: | 0.6117 | |
MAexp7: | 0.6048 | |
MAexp20: | 0.6045 | |
MAexp50: | 0.6053 | |
MAexp100: | 0.6060 | |
Price / MA7: | -0.17% | |
Price / MA20: | -1.74% | |
Price / MA50: | -2.01% | |
Price / MA100: | -1.11% | |
Price / MAexp7: | +0.02% | |
Price / MAexp20: | +0.07% | |
Price / MAexp50: | -0.07% | |
Price / MAexp100: | -0.18% |
Quotes :
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Real time data
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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:
- NZD/USD Forecast October 22, 2024
- NZD/USD Forecast October 21, 2024
- NZD/USD Forecast October 18, 2024
- NZD/USD Forecast October 10, 2024
- Weekly Technical Outlook on USDJPY, NZDUSD, Oil
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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