EUR/NZD - 1H - Technical analysis published on 09/27/2024 (GMT)
- 123
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
61%
6%
33%
My opinion
Neutral between 1.7674 NZD and 1.7786 NZD
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 1.7786 NZD. The first support is located at 1.7674 NZD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by EUR/NZD.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/NZD price is 1.7715 NZD. On the day, this instrument gained +0.34% and was between 1.7655 NZD and 1.7720 NZD. This implies that the price is at +0.34% from its lowest and at -0.03% from its highest.1.7655
1.7720
1.7715
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/NZD indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 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
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.7609 | 1.7642 | 1.7674 | 1.7715 | 1.7786 | 1.7823 | 1.7879 |
| Change (%) | -0.60% | -0.41% | -0.23% | - | +0.40% | +0.61% | +0.93% |
| Change | -0.0106 | -0.0073 | -0.0041 | - | +0.0071 | +0.0108 | +0.0164 |
| Level | Major | Minor | Major | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7431 | 1.7536 | 1.7596 | 1.7701 | 1.7761 | 1.7866 | 1.7926 |
| Camarilla | 1.7610 | 1.7625 | 1.7640 | 1.7655 | 1.7670 | 1.7685 | 1.7700 |
| Woodie | 1.7408 | 1.7525 | 1.7573 | 1.7690 | 1.7738 | 1.7855 | 1.7903 |
| Fibonacci | 1.7536 | 1.7599 | 1.7638 | 1.7701 | 1.7764 | 1.7803 | 1.7866 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7612 | 1.7717 | 1.7807 | 1.7912 | 1.8002 | 1.8107 | 1.8197 |
| Camarilla | 1.7842 | 1.7860 | 1.7878 | 1.7896 | 1.7914 | 1.7932 | 1.7950 |
| Woodie | 1.7604 | 1.7713 | 1.7799 | 1.7908 | 1.7994 | 1.8103 | 1.8189 |
| Fibonacci | 1.7717 | 1.7792 | 1.7838 | 1.7912 | 1.7987 | 1.8033 | 1.8107 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6336 | 1.6994 | 1.7334 | 1.7992 | 1.8332 | 1.8990 | 1.9330 |
| Camarilla | 1.7400 | 1.7491 | 1.7583 | 1.7674 | 1.7766 | 1.7857 | 1.7949 |
| Woodie | 1.6177 | 1.6915 | 1.7175 | 1.7913 | 1.8173 | 1.8911 | 1.9171 |
| Fibonacci | 1.6994 | 1.7375 | 1.7611 | 1.7992 | 1.8373 | 1.8609 | 1.8990 |
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): | 55.47 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | 3.9681 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 1.7681 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7655 | |
| Elder Ray (13): | 0.0020 | |
| Super Trend (3,10): | 1.7721 | |
| Zig ZAG (10): | 1.7711 | |
| VORTEX (21): | 0.9684 | |
| Stochastique (14,3,5): | 91.31 | |
| TEMA (21): | 1.7683 | |
| Williams %R (14): | -5.13 | |
| Chande Momentum Oscillator (20): | 0.0040 | |
| Repulse (5,40,3): | 0.1298 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0121 | |
| Courbe Coppock: | 0.06 |
| MA7: | 1.7757 | |
| MA20: | 1.7859 | |
| MA50: | 1.8042 | |
| MA100: | 1.7862 | |
| MAexp7: | 1.7695 | |
| MAexp20: | 1.7692 | |
| MAexp50: | 1.7708 | |
| MAexp100: | 1.7738 | |
| Price / MA7: | -0.24% | |
| Price / MA20: | -0.81% | |
| Price / MA50: | -1.81% | |
| Price / MA100: | -0.82% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | -0.12% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on EUR/NZD at the time of the analysis were as follows:
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EUR/NZD Forecast September 13, 2024
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EUR/NZD Forecast September 4, 2024
-
EUR/NZD Forecast August 19, 2024
-
EUR/NZD Forecast June 7, 2024
-
EUR/NZD Forecast May 23, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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