EUR/NZD - 1H - Technical analysis published on 02/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.7675 NZD
My targets
1.7727 NZD (+0.0007)
1.7928 NZD (+0.0208)
My analysis
The bullish trend is currently very strong on EUR/NZD. As long as the price remains above the support at 1.7675 NZD, you could try to benefit from the boom. The first bullish objective is located at 1.7727 NZD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.7928 NZD as an objective. Crossing it would then enable buyers to target 1.8148 NZD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
0
10
8.6
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/NZD price is 1.7720 NZD. On the day, this instrument gained +0.84% and was traded between 1.7555 NZD and 1.7751 NZD over the period. The price is currently at +0.94% from its lowest and -0.17% from its highest.1.7555
1.7751
1.7720
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/NZD in 1H shows a strongly overall 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 market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 1.7600 | 1.7636 | 1.7675 | 1.7720 | 1.7726 | 1.7928 | 1.8148 |
| Change (%) | -0.68% | -0.47% | -0.25% | - | +0.03% | +1.17% | +2.42% |
| Change | -0.0120 | -0.0084 | -0.0045 | - | +0.0006 | +0.0208 | +0.0428 |
| Level | Major | Minor | Minor | - | Minor | Major | Minor |
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 | 1.7462 | 1.7510 | 1.7541 | 1.7589 | 1.7620 | 1.7668 | 1.7699 |
| Camarilla | 1.7551 | 1.7559 | 1.7566 | 1.7573 | 1.7580 | 1.7588 | 1.7595 |
| Woodie | 1.7455 | 1.7506 | 1.7534 | 1.7585 | 1.7613 | 1.7664 | 1.7692 |
| Fibonacci | 1.7510 | 1.7540 | 1.7559 | 1.7589 | 1.7619 | 1.7638 | 1.7668 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7232 | 1.7337 | 1.7397 | 1.7502 | 1.7562 | 1.7667 | 1.7727 |
| Camarilla | 1.7413 | 1.7428 | 1.7443 | 1.7458 | 1.7473 | 1.7488 | 1.7503 |
| Woodie | 1.7211 | 1.7326 | 1.7376 | 1.7491 | 1.7541 | 1.7656 | 1.7706 |
| Fibonacci | 1.7337 | 1.7400 | 1.7439 | 1.7502 | 1.7565 | 1.7604 | 1.7667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6863 | 1.7131 | 1.7402 | 1.7670 | 1.7941 | 1.8209 | 1.8480 |
| Camarilla | 1.7526 | 1.7575 | 1.7625 | 1.7674 | 1.7723 | 1.7773 | 1.7822 |
| Woodie | 1.6866 | 1.7132 | 1.7405 | 1.7671 | 1.7944 | 1.8210 | 1.8483 |
| Fibonacci | 1.7131 | 1.7337 | 1.7464 | 1.7670 | 1.7876 | 1.8003 | 1.8209 |
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): | 69.54 | |
| MACD (12,26,9): | 0.0038 | |
| Directional Movement: | 24.2398 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 1.7695 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7615 | |
| Elder Ray (13): | 0.0053 | |
| Super Trend (3,10): | 1.7636 | |
| Zig ZAG (10): | 1.7717 | |
| VORTEX (21): | 1.2072 | |
| Stochastique (14,3,5): | 83.33 | |
| TEMA (21): | 1.7717 | |
| Williams %R (14): | -16.33 | |
| Chande Momentum Oscillator (20): | 0.0145 | |
| Repulse (5,40,3): | 0.0055 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0185 | |
| Courbe Coppock: | 1.35 |
| MA7: | 1.7550 | |
| MA20: | 1.7610 | |
| MA50: | 1.7618 | |
| MA100: | 1.7767 | |
| MAexp7: | 1.7701 | |
| MAexp20: | 1.7652 | |
| MAexp50: | 1.7606 | |
| MAexp100: | 1.7573 | |
| Price / MA7: | +0.97% | |
| Price / MA20: | +0.62% | |
| Price / MA50: | +0.58% | |
| Price / MA100: | -0.26% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.39% | |
| Price / MAexp50: | +0.65% | |
| Price / MAexp100: | +0.84% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/NZD at the time of the generation of this analysis was as follows:
iFOREX Market Headlines 14-03-2017: USD, EUR/NZD and Alibaba.This member declared not having a position on this financial instrument or a related financial instrument.
About author
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