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NZD/USD Daily Analysis


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NZDUSD ascend and break resistance level at 0.70000 on H1 chart. It means that Upper band seems distancing from the resistance area. RSI(14) observed to rise to around area 68. Stochastic (5,3,3)  ascend to area around 83. Lastly, Macd (12,36,9) formed higher high, so the bias is strong bullish sentiment with resistance at 0.71000

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Pinbar seems formed itself on one hour time frame of NZDUSD when the price rebounded and clashed the lower band. Stochastic (5,3,3) observed to rise to around level 20, while RSI (14) rise to level 33 and Macd (12,26,9) forms lowers high. If the price reached EMA (10) there is possibility for the price to rise to middle band at 0.70756 or up to upper band at 0.71153.

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NZDUSD observed to strengthening its position after this morning's opening which is exactly above the last week's closing with noticeable gap. Overall, the candle's movement still strong for bullish, so the potential for this pair to strengthening itself still strong and may rise towards level 0.71258.

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  • 3 weeks later...

This week NZDUSD still closed at 0.7312. On daily frame it seems the closing price in the area between second resistance and third resistance which indicated next week the bias might be strong enough to rise higher at around 0.7389-0.7466. Stochastic (5,3,3) and RSI(14) rose to 78 and 65 respectively while MACD (12,26,9) forms higher high.

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NZDUSD on H4 chart successfully break the first support level at 0.7149 and not just that but successfully closed below this is a good indication for futher bearish movement. Stochastic (5,3,3) and RSI (14) falls respectively to area around level 12 and 38, while MACD forms higher lows. Overall this means bias is bearish but weak with closest next support at 0.71023.

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Failed to break MA100 yesterday but this morning the price is keep falling and trying to test MA100 once again. If the candle today is able to closed below MA100, it is clear that up to next week NZDUSD may fall further, otherwise if failed to do that once again, there is bigger chance for this pair to rebound the price back higher.

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  • 2 weeks later...

Moving Up and Down without much control indicated that neutral stance of this pair is clear, not to mention on H1 chart the indicators also saw the same trend. EMA28 is neutral while MACD forms lowers high and RSI is falling, but Parabolic SAR is falling followed by Stochastic which is hiking the chart. So, overall the trend of NZDUSD is sideways.

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NZDUSD on H4 chart successfully break the lower band down and closed below. RSI  is fall to around level 40 while Stochastic indicated that this pair already in oversold area. Macd (12,26,9) formed lowers lows. Price bias for this pair is limited bearish with price move towards around level 0.70504.

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Doji spotted and formed on H1 chart of NZDUSD pair which is then followed by a bearish engulfing candlestick pattern. RSI (14) down to around level 54, Stochastic (5,3,3) fall down to around level 24 and Macd (12,26,9) forms higher lows formation. Bias is potentially bearish with the price will fall towards psychological support at 0.71002.

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Bullish engulfing candlestick pattern formed in the NZDUSD pair on a 1 hour time frame which closed above the upper band. RSI (14) end up to around level 69. Stochastic (5,3,3) up to around level 59. Macd (12,26,9) with higher high. Bias is bullish and the price keep rising towards level 0.74002 which is psychological resistance for today.

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Mother candle formed on NZDUSD's 4 hour time frame which penetrate rising middle band and gives indication for rising further. RSI(14) up to are around level 56. Stochastic (5,3,3) up to level 59 while Macd (12,26,9) create lowers high formation. Bias is bullish and the price resistance at the upper band 0.72809.

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On 4 hour time frame NZDUSD pair formed a bearish engulfing candlestick pattern and it seems that RSI(14) falling down to around level 55, while Stochastic (5,3,3) fall down to level 38. Macd (12,26,9) on the other hand formed higher low. Bias for this pair is bearish with NZDUSD price may fall to 0.71502 which is the lower band now.

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Condition current price is below the daily pivot point line, and below the moving average line (20). NZDUSD on H1 chart also form a bullish engulfing pattern followed by few bullish candle. Signal from RSI (14) seems go up to level 52. While Stochastic(5,3,3) rise to level 65. Predictions for the moment, this pair above is bullish  with NZDUSD has bigger chance to rise and the next price target is at 0.73042

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NZDUSD on H1 chart formed bearish engulfing pattern it indicated the bearish sentiment towards this pair with MACD observed to forms lower high position, RSI(14) spotted to fall at around level 46 while Stochastic (5,3,3)do the same with fall to around level 37. Bias for this pair is bearish with the price may target 0.72410 which is support level today.

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Bullish engulfing patter found on H1 chart of NZDUSD also the price successfully break the middle band. RSI(14) observed rise to around level 59, Stochastic (5,3,3) on the other hand is moving in overbought area and fall a bit to level 81. MACD(12,26,9) formed higher highs. Bias is bullish but limited before the real one. Today's target is 0.72920.

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NZDUSD on H1 chart still strong enough, the price also formed bearish engulfing pattern plus the price is move above pivot line since the opening. RSI(14) at the moment in level 74 is in overbought zone, waiting for correction but Stoch observe at level 46 and formed bullish crossover. The price bias is bullish but it may corrected and next target could be at 0.73500.

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Correction, even strong resistance but this pair seems will meet the way down. With the price cannot break the resistance at 0.73300 then this pair will put its effort and calmed down. RSI 14 mentions the bear with fall to level 36 and Stochastic fall to level 27. MACD formed lower low. Bias is bearish and this pair may break the pivot once again.

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H1 chart saw NZDUSD formed 3 black crows  formation even there is resistance when price is trying to rise or to be precise is correction. The price also failed to break the 1st support but considering the current trend it may fall further and break it. RSI(14) formed bearish crossover near overbought zone, while Stochastic fell to level 66. MACD formed lower low. Target for the next price is at 0.72108

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NZDUSD on H1 chart saw even the price was above pivot but the price successfully broke it. Considering the price is quite strong i think this pair may fall deeper. RSI (14) suddenly fell to 44, while Stochastic (5, 3, 3) fell to around level 9. The prediction is overall this one under bearish trend, the target is at 0.72253

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Overbought detected for this pair, and breakout of middle band, pivot line and EMA20 is indication for strong bullish sentiment. RSI spotted to rise to level 57, while Stochastic is entering overbought zone at level 87. Prediction for now is bullish and this pair may stil rise up to 0.75253

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NZDUSD based on 30 minutes formed bearish engulfing pattern and followed by hanging man. It seems that RSI (14) fall to around level 49, while Stochastic(5,3,3) fall to level 37, MACD on the other hand formed lower high, The prediction for this pair is bearish and may fall up to 0.72456

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For now it is clear the trend is bullish thanks to big white candle following by the failure of EMA20 breakout. Based on other indicators overall is bullish, where RSI and Stochastic seems rise to level 56 and level 64 respectively, while MACD is stay strong with higher high formation. As i said before it is bullish where price may reached 0.72954 which act as 1 st resistance level.

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NZDUSD pair saw on 4 hour time frame the hammer formed and indicated for the reversal. Supported by Stochastic which rise to level 83 and RSI(14) which rose to 68 and gives bullish signal. MACD formed higher low. Bias is bullish and this pair may rise up to around 0.74543

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Bearish engulfing pattern spotted on 1 hour time frame chart, NZDUSD also got rejection from EMA20 line and the breakout from the first support level. RSI(14) and Stochastic(5,3,3) both fell to level 21 and level 2 which is in oversold zone. Correction is possible but overall still bearish for this pair, so vote for SELL.

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Based on 30 minutes chart of NZDUSD, the candle formed bearish engulfing pattern, not to mention the price is above pivot right now. Parabolic SAR indicator (0.02,0.2) showed sell signals, RSI (14) down to level 39, and Stochastic (5,3,3) also fall down to level 16. Based on that this pair is predicted bearish with target at 0.72505

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