EUR/NZD - 1H - Technical analysis published on 02/28/2024 (GMT)
- 138
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 1.7726 NZD
My targets
1.7928 NZD (+0.0146)
1.8148 NZD (+0.0366)
My analysis
The bullish trend is currently very strong on EUR/NZD. As long as the price remains above the support at 1.7726 NZD, you could try to benefit from the boom. The first bullish objective is located at 1.7928 NZD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.8148 NZD as an objective. Crossing it would then enable buyers to target 1.8243 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/NZD rating is 1.7782 NZD. The price registered an increase of +1.19% on the session and was traded between 1.7555 NZD and 1.7814 NZD over the period. The price is currently at +1.29% from its lowest and -0.18% from its highest.1.7555
1.7814
1.7782
Here is a more detailed summary of the historical variations registered by EUR/NZD:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H 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.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
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 | 1.7636 | 1.7675 | 1.7726 | 1.7782 | 1.7928 | 1.8148 | 1.8243 |
| Change (%) | -0.82% | -0.60% | -0.31% | - | +0.82% | +2.06% | +2.59% |
| Change | -0.0146 | -0.0107 | -0.0056 | - | +0.0146 | +0.0366 | +0.0461 |
| Level | Minor | Minor | Minor | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 70.79 | |
| MACD (12,26,9): | 0.0045 | |
| Directional Movement: | 23.3169 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 1.7793 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7750 | |
| Elder Ray (13): | 0.0021 | |
| Super Trend (3,10): | 1.7716 | |
| Zig ZAG (10): | 1.7784 | |
| VORTEX (21): | 1.3234 | |
| Stochastique (14,3,5): | 74.92 | |
| TEMA (21): | 1.7809 | |
| Williams %R (14): | -26.61 | |
| Chande Momentum Oscillator (20): | 0.0069 | |
| Repulse (5,40,3): | 0.0378 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0357 | |
| Courbe Coppock: | 0.99 |
| MA7: | 1.7560 | |
| MA20: | 1.7612 | |
| MA50: | 1.7619 | |
| MA100: | 1.7767 | |
| MAexp7: | 1.7779 | |
| MAexp20: | 1.7735 | |
| MAexp50: | 1.7666 | |
| MAexp100: | 1.7614 | |
| Price / MA7: | +1.26% | |
| Price / MA20: | +0.97% | |
| Price / MA50: | +0.93% | |
| Price / MA100: | +0.08% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.27% | |
| Price / MAexp50: | +0.66% | |
| Price / MAexp100: | +0.95% |
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:
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
Online
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…
Add a comment
Comments
0 comments on the analysis EUR/NZD - 1H