EUR/NZD - 1H - Technical analysis published on 03/25/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.8024 NZD
My targets
1.8148 NZD (+0.0093)
1.8243 NZD (+0.0188)
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 1.8024 NZD. The buyers' bullish objective is set at 1.8148 NZD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.8243 NZD. If there is any crossing, the next objective would be the resistance located at 1.8381 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
0
10
8.9
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This analysis was given by Samiam. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/NZD price is 1.8055 NZD. On the day, this instrument gained +0.15% and was between 1.7995 NZD and 1.8065 NZD. This implies that the price is at +0.33% from its lowest and at -0.06% from its highest.1.7995
1.8065
1.8055
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
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 support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.7928 | 1.7995 | 1.8024 | 1.8055 | 1.8148 | 1.8243 | 1.8381 |
| Change (%) | -0.70% | -0.33% | -0.17% | - | +0.52% | +1.04% | +1.81% |
| Change | -0.0127 | -0.0060 | -0.0031 | - | +0.0093 | +0.0188 | +0.0326 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Intermediate | Major |
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 | 1.7876 | 1.7914 | 1.7965 | 1.8003 | 1.8054 | 1.8092 | 1.8143 |
| Camarilla | 1.7991 | 1.7999 | 1.8007 | 1.8015 | 1.8023 | 1.8031 | 1.8040 |
| Woodie | 1.7882 | 1.7917 | 1.7971 | 1.8006 | 1.8060 | 1.8095 | 1.8149 |
| Fibonacci | 1.7914 | 1.7948 | 1.7969 | 1.8003 | 1.8037 | 1.8058 | 1.8092 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7707 | 1.7780 | 1.7897 | 1.7970 | 1.8087 | 1.8160 | 1.8277 |
| Camarilla | 1.7963 | 1.7980 | 1.7998 | 1.8015 | 1.8032 | 1.8050 | 1.8067 |
| Woodie | 1.7730 | 1.7791 | 1.7920 | 1.7981 | 1.8110 | 1.8171 | 1.8300 |
| Fibonacci | 1.7780 | 1.7852 | 1.7897 | 1.7970 | 1.8042 | 1.8087 | 1.8160 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7117 | 1.7279 | 1.7515 | 1.7677 | 1.7913 | 1.8075 | 1.8311 |
| Camarilla | 1.7642 | 1.7678 | 1.7715 | 1.7751 | 1.7788 | 1.7824 | 1.7861 |
| Woodie | 1.7154 | 1.7298 | 1.7552 | 1.7696 | 1.7950 | 1.8094 | 1.8348 |
| Fibonacci | 1.7279 | 1.7431 | 1.7525 | 1.7677 | 1.7829 | 1.7923 | 1.8075 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.91 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 10.1424 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 1.8054 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.8022 | |
| Elder Ray (13): | 0.0012 | |
| Super Trend (3,10): | 1.8009 | |
| Zig ZAG (10): | 1.8055 | |
| VORTEX (21): | 1.0593 | |
| Stochastique (14,3,5): | 88.95 | |
| TEMA (21): | 1.8055 | |
| Williams %R (14): | -18.97 | |
| Chande Momentum Oscillator (20): | 0.0041 | |
| Repulse (5,40,3): | 0.0010 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0067 | |
| Courbe Coppock: | 0.25 |
| MA7: | 1.7959 | |
| MA20: | 1.7822 | |
| MA50: | 1.7732 | |
| MA100: | 1.7735 | |
| MAexp7: | 1.8052 | |
| MAexp20: | 1.8041 | |
| MAexp50: | 1.8021 | |
| MAexp100: | 1.7988 | |
| Price / MA7: | +0.53% | |
| Price / MA20: | +1.31% | |
| Price / MA50: | +1.82% | |
| Price / MA100: | +1.80% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.37% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on EUR/NZD. At the time of publication of this analysis, the latest news was as follows:
-
EUR/NZD Forecast March 22, 2024
-
iFOREX Market Headlines 14-03-2017: USD, EUR/NZD and Alibaba.
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EUR/NZD Focus
-
EURNZD Triangle
This member declared not having a position on this financial instrument or a related financial instrument.
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