EUR/NZD

- NZD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURNZD
ISIN:

EUR/NZD - 1H - Technical analysis published on 12/17/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 1.8210 NZD

My targets

1.8358 NZD (+0.0117)

1.8442 NZD (+0.0201)

My analysis

EUR/NZD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.8210 NZD. The next resistance located at 1.8358 NZD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.8442 NZD. After this resistance, buyers could then target 1.9151 NZD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.4

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

The EUR/NZD price is 1.8241 NZD. The price has increased by +0.45% since the last closing with the lowest point at 1.8156 NZD and the highest point at 1.8255 NZD. The deviation from the price is +0.47% for the low point and -0.08% for the high point.

1.8156

1.8255

1.8241

A study of price movements over other periods shows the following variations:

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

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. 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.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.8147	1.8210	1.8236	1.8241	1.8358	1.8442	1.9151
Change (%)	-0.52%	-0.17%	-0.03%	-	+0.64%	+1.10%	+4.99%
Change	-0.0094	-0.0031	-0.0005	-	+0.0117	+0.0201	+0.0910
Level	Intermediate	Intermediate	Major	-	Minor	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.8048	1.8102	1.8130	1.8184	1.8212	1.8266	1.8294
Camarilla	1.8137	1.8144	1.8152	1.8159	1.8167	1.8174	1.8182
Woodie	1.8036	1.8096	1.8118	1.8178	1.8200	1.8260	1.8282
Fibonacci	1.8102	1.8133	1.8152	1.8184	1.8215	1.8234	1.8266

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.7781	1.7875	1.8050	1.8144	1.8319	1.8413	1.8588
Camarilla	1.8151	1.8176	1.8200	1.8225	1.8250	1.8274	1.8299
Woodie	1.7822	1.7895	1.8091	1.8164	1.8360	1.8433	1.8629
Fibonacci	1.7875	1.7978	1.8041	1.8144	1.8247	1.8310	1.8413

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.7163	1.7455	1.7662	1.7954	1.8161	1.8453	1.8660
Camarilla	1.7733	1.7779	1.7824	1.7870	1.7916	1.7962	1.8007
Woodie	1.7122	1.7434	1.7621	1.7933	1.8120	1.8432	1.8619
Fibonacci	1.7455	1.7645	1.7763	1.7954	1.8144	1.8262	1.8453

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):	62.84
MACD (12,26,9):	0.0010
Directional Movement:	7.9014
AROON (14):	50.0000
DEMA (21):	1.8229
Parabolic SAR (0,02-0,02-0,2):	1.8193
Elder Ray (13):	0.0020
Super Trend (3,10):	1.8178
Zig ZAG (10):	1.8242
VORTEX (21):	1.0976
Stochastique (14,3,5):	82.01
TEMA (21):	1.8234
Williams %R (14):	-20.29
Chande Momentum Oscillator (20):	0.0027
Repulse (5,40,3):	0.0647
ROCnROLL:	1
TRIX (15,9):	0.0060
Courbe Coppock:	0.31

MA7:	1.8154
MA20:	1.8010
MA50:	1.8005
MA100:	1.7981
MAexp7:	1.8228
MAexp20:	1.8216
MAexp50:	1.8201
MAexp100:	1.8175
Price / MA7:	+0.48%
Price / MA20:	+1.28%
Price / MA50:	+1.31%
Price / MA100:	+1.45%
Price / MAexp7:	+0.07%
Price / MAexp20:	+0.14%
Price / MAexp50:	+0.22%
Price / MAexp100:	+0.36%

Quotes : - Real time data - 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:

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

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