EUR/NZD

- NZD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURNZD
ISIN:

EUR/NZD - Daily - Technical analysis published on 08/01/2024 (GMT)

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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

6.8

Comment on the analysis

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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