EUR/NZD - Daily - Technical analysis published on 12/17/2024 (GMT)
- 91
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above
My targets
()
()
My analysis
The bullish trend is currently very strong on EUR/NZD. As long as the price remains above the support at , you could try to benefit from the boom. The first bullish objective is located at . The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at as an objective. Crossing it would then enable buyers to target . Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
0
10
7.7
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This analysis was given by GCrow. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/NZD rating is 1.8242 NZD. On the day, this instrument gained +0.46% and was traded between 1.8156 NZD and 1.8255 NZD over the period. The price is currently at +0.47% from its lowest and -0.07% from its highest.1.8156
1.8255
1.8242
A study of price movements over other periods shows the following variations:
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 this Daily chart of EUR/NZD indicates that the overall trend is strongly bullish. 82.14% 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 is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Daily
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
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 resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.7928 | 1.8147 | 1.8236 | 1.8242 | 1.8358 | 1.8442 | 1.9151 |
| Change (%) | -1.72% | -0.52% | -0.03% | - | +0.64% | +1.10% | +4.98% |
| Change | -0.0314 | -0.0095 | -0.0006 | - | +0.0116 | +0.0200 | +0.0909 |
| Level | Major | Intermediate | Major | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8048 | 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): | 62.96 | |
| MACD (12,26,9): | 0.0063 | |
| Directional Movement: | 8.2511 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 1.8130 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7991 | |
| Elder Ray (13): | 0.0107 | |
| Super Trend (3,10): | 1.7862 | |
| Zig ZAG (10): | 1.8242 | |
| VORTEX (21): | 1.0857 | |
| Stochastique (14,3,5): | 92.20 | |
| TEMA (21): | 1.8180 | |
| Williams %R (14): | -2.99 | |
| Chande Momentum Oscillator (20): | 0.0373 | |
| Repulse (5,40,3): | 0.7238 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0229 | |
| Courbe Coppock: | 2.68 |
| MA7: | 1.8154 | |
| MA20: | 1.8010 | |
| MA50: | 1.8005 | |
| MA100: | 1.7981 | |
| MAexp7: | 1.8155 | |
| MAexp20: | 1.8062 | |
| MAexp50: | 1.8003 | |
| MAexp100: | 1.7961 | |
| Price / MA7: | +0.48% | |
| Price / MA20: | +1.29% | |
| Price / MA50: | +1.32% | |
| Price / MA100: | +1.45% | |
| Price / MAexp7: | +0.48% | |
| Price / MAexp20: | +1.00% | |
| Price / MAexp50: | +1.33% | |
| Price / MAexp100: | +1.56% |
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 November 18, 2024
-
EUR/NZD Forecast September 13, 2024
-
EUR/NZD Forecast September 4, 2024
-
EUR/NZD Forecast August 19, 2024
-
EUR/NZD Forecast June 7, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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