NZDUSD New Zealand Dollar - United States Dollar Forecast, Technical & Fundamental Analysis

NZDUSD in -0.19% downward trend, sliding for three consecutive days on December 15, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where NZDUSD declined for three days, in of 251 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 08, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on NZDUSD as a result. In of 126 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Aroon Indicator for NZDUSD entered a downward trend on December 05, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where NZDUSD's RSI Indicator exited the oversold zone, of 43 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 78 cases where NZDUSD's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for NZDUSD just turned positive on December 17, 2024. Looking at past instances where NZDUSD's MACD turned positive, the stock continued to rise in of 95 cases over the following month. The odds of a continued upward trend are .

NZDUSD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.