EUR/NZD - Daily - Technical analysis published on 08/01/2024 (GMT)
- 168
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 1.7928 NZD
My targets
1.8381 NZD (+0.0197)
1.9426 NZD (+0.1242)
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 1.8381 NZD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.9426 NZD. If there is any crossing, the next objective would be the resistance located at 2.5511 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
6.8
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 GCrow. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/NZD rating 1.8184 NZD. On the day, this instrument lost -0.02% with the lowest point at 1.8167 NZD and the highest point at 1.8209 NZD. The deviation from the price is +0.09% for the low point and -0.14% for the high point.1.8167
1.8209
1.8184
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
Technical analysis of this Daily chart of EUR/NZD indicates that the overall trend is strongly bullish. 89.29% 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
ProTrendLines | 1.7708 | 1.7928 | 1.8147 | 1.8184 | 1.8381 | 2.5511 |
Change (%) | -2.62% | -1.41% | -0.20% | - | +1.08% | +40.29% |
Change | -0.0476 | -0.0256 | -0.0037 | - | +0.0197 | +0.7327 |
Level | Minor | Major | Major | - | Intermediate | Intermediate |
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 | 1.7904 | 1.8036 | 1.8111 | 1.8243 | 1.8318 | 1.8450 | 1.8525 |
Camarilla | 1.8130 | 1.8149 | 1.8168 | 1.8187 | 1.8206 | 1.8225 | 1.8244 |
Woodie | 1.7877 | 1.8022 | 1.8084 | 1.8229 | 1.8291 | 1.8436 | 1.8498 |
Fibonacci | 1.8036 | 1.8115 | 1.8164 | 1.8243 | 1.8322 | 1.8371 | 1.8450 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.7828 | 1.7955 | 1.8198 | 1.8325 | 1.8568 | 1.8695 | 1.8938 |
Camarilla | 1.8340 | 1.8374 | 1.8408 | 1.8442 | 1.8476 | 1.8510 | 1.8544 |
Woodie | 1.7887 | 1.7984 | 1.8257 | 1.8354 | 1.8627 | 1.8724 | 1.8997 |
Fibonacci | 1.7955 | 1.8096 | 1.8183 | 1.8325 | 1.8466 | 1.8553 | 1.8695 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.6837 | 1.7214 | 1.7700 | 1.8077 | 1.8563 | 1.8940 | 1.9426 |
Camarilla | 1.7950 | 1.8029 | 1.8108 | 1.8187 | 1.8266 | 1.8345 | 1.8424 |
Woodie | 1.6893 | 1.7241 | 1.7756 | 1.8104 | 1.8619 | 1.8967 | 1.9482 |
Fibonacci | 1.7214 | 1.7543 | 1.7747 | 1.8077 | 1.8406 | 1.8610 | 1.8940 |
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): | 60.80 | |
MACD (12,26,9): | 0.0164 | |
Directional Movement: | 14.2466 | |
AROON (14): | 78.5714 | |
DEMA (21): | 1.8307 | |
Parabolic SAR (0,02-0,02-0,2): | 1.8447 | |
Elder Ray (13): | 0.0001 | |
Super Trend (3,10): | 1.8133 | |
Zig ZAG (10): | 1.8187 | |
VORTEX (21): | 1.2429 | |
Stochastique (14,3,5): | 66.59 | |
TEMA (21): | 1.8401 | |
Williams %R (14): | -41.37 | |
Chande Momentum Oscillator (20): | 0.0229 | |
Repulse (5,40,3): | -0.8281 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.1343 | |
Courbe Coppock: | 5.54 |
MA7: | 1.8324 | |
MA20: | 1.8058 | |
MA50: | 1.7774 | |
MA100: | 1.7863 | |
MAexp7: | 1.8254 | |
MAexp20: | 1.8097 | |
MAexp50: | 1.7914 | |
MAexp100: | 1.7855 | |
Price / MA7: | -0.76% | |
Price / MA20: | +0.70% | |
Price / MA50: | +2.31% | |
Price / MA100: | +1.80% | |
Price / MAexp7: | -0.38% | |
Price / MAexp20: | +0.48% | |
Price / MAexp50: | +1.51% | |
Price / MAexp100: | +1.84% |
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:
- EUR/NZD Forecast June 7, 2024
- EUR/NZD Forecast May 23, 2024
- EUR/NZD Forecast March 22, 2024
- iFOREX Market Headlines 14-03-2017: USD, EUR/NZD and Alibaba.
- EUR/NZD Focus
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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 - Daily