Londinia Opportunities Analyses - 05/02/2024 (GMT) EUR/NZD - Daily

- NZD (-)

- Real time data - Forex

Type:	Forex
Ticker:	EURNZD
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

FX/Indices
Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 1.7928 NZD

My targets

1.8243 NZD (+0.0171)

1.8381 NZD (+0.0309)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/NZD as long as the price remains well above 1.7928 NZD. The buyers' bullish objective is set at 1.8243 NZD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.8381 NZD. If there is any crossing, the next objective would be the resistance located at 1.9151 NZD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

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Additional analysis

Quotes

The EUR/NZD price is 1.8072 NZD. The price is lower by -0.02% since the last closing and was traded between 1.8024 NZD and 1.8104 NZD over the period. The price is currently at +0.27% from its lowest and -0.18% from its highest.

1.8024

1.8104

1.8072

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

The Central Records scanner for higher/lower results shows the following items:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Journalier of this EUR/NZD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.7454	1.7692	1.7928	1.8072	1.8098	1.8243	1.8381
Change (%)	-3.42%	-2.10%	-0.80%	-	+0.14%	+0.95%	+1.71%
Change	-0.0618	-0.0380	-0.0144	-	+0.0026	+0.0171	+0.0309
Level	Major	Minor	Major	-	Major	Intermediate	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.7947	1.8001	1.8039	1.8093	1.8131	1.8185	1.8223
Camarilla	1.8051	1.8059	1.8068	1.8076	1.8084	1.8093	1.8101
Woodie	1.7938	1.7997	1.8030	1.8089	1.8122	1.8181	1.8214
Fibonacci	1.8001	1.8037	1.8058	1.8093	1.8129	1.8150	1.8185

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.7785	1.7871	1.7938	1.8024	1.8091	1.8177	1.8244
Camarilla	1.7962	1.7976	1.7990	1.8004	1.8018	1.8032	1.8046
Woodie	1.7775	1.7866	1.7928	1.8019	1.8081	1.8172	1.8234
Fibonacci	1.7871	1.7930	1.7966	1.8024	1.8083	1.8119	1.8177

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.7630	1.7738	1.7942	1.8050	1.8254	1.8362	1.8566
Camarilla	1.8061	1.8090	1.8118	1.8147	1.8176	1.8204	1.8233
Woodie	1.7679	1.7762	1.7991	1.8074	1.8303	1.8386	1.8615
Fibonacci	1.7738	1.7857	1.7931	1.8050	1.8169	1.8243	1.8362

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):	55.07
MACD (12,26,9):	0.0037
Directional Movement:	5.0675
AROON (14):	85.7143
DEMA (21):	1.8069
Parabolic SAR (0,02-0,02-0,2):	1.7865
Elder Ray (13):	0.0029
Super Trend (3,10):	1.7820
Zig ZAG (10):	1.8072
VORTEX (21):	1.0041
Stochastique (14,3,5):	80.21
TEMA (21):	1.8058
Williams %R (14):	-29.87
Chande Momentum Oscillator (20):	0.0040
Repulse (5,40,3):	0.3229
ROCnROLL:	1
TRIX (15,9):	0.0292
Courbe Coppock:	0.88

MA7:	1.8040
MA20:	1.8010
MA50:	1.7919
MA100:	1.7769
MAexp7:	1.8052
MAexp20:	1.8017
MAexp50:	1.7935
MAexp100:	1.7865
Price / MA7:	+0.18%
Price / MA20:	+0.34%
Price / MA50:	+0.85%
Price / MA100:	+1.71%
Price / MAexp7:	+0.11%
Price / MAexp20:	+0.31%
Price / MAexp50:	+0.76%
Price / MAexp100:	+1.16%

Quotes : - Real time data - Forex

News

The last news published on EUR/NZD at the time of the generation of this analysis was as follows: