EUR/NZD - Daily - Technical analysis published on 12/18/2024 (GMT)
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- 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
94%
0%
6%
My opinion
Bullish above
My targets
()
()
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 . The next resistance located at 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 . After this resistance, buyers could then target . 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
0
10
9.1
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This analysis was given by gioviforex. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/NZD price is 1.8314 NZD. The price has increased by +0.49% since the last closing and was traded between 1.8225 NZD and 1.8336 NZD over the period. The price is currently at +0.49% from its lowest and -0.12% from its highest.1.8225
1.8336
1.8314
Here is a more detailed summary of the historical variations registered by EUR/NZD:
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 Daily 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.
In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.7928 | 1.8147 | 1.8236 | 1.8314 | 1.8358 | 1.8442 | 1.9151 |
| Change (%) | -2.11% | -0.91% | -0.43% | - | +0.24% | +0.70% | +4.57% |
| Change | -0.0386 | -0.0167 | -0.0078 | - | +0.0044 | +0.0128 | +0.0837 |
| Level | Major | 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 | 1.8070 | 1.8113 | 1.8169 | 1.8212 | 1.8268 | 1.8311 | 1.8367 |
| Camarilla | 1.8198 | 1.8207 | 1.8216 | 1.8225 | 1.8234 | 1.8243 | 1.8252 |
| Woodie | 1.8077 | 1.8116 | 1.8176 | 1.8215 | 1.8275 | 1.8314 | 1.8374 |
| Fibonacci | 1.8113 | 1.8151 | 1.8174 | 1.8212 | 1.8250 | 1.8273 | 1.8311 |
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): | 66.28 | |
| MACD (12,26,9): | 0.0074 | |
| Directional Movement: | 12.6900 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 1.8166 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.8028 | |
| Elder Ray (13): | 0.0153 | |
| Super Trend (3,10): | 1.7938 | |
| Zig ZAG (10): | 1.8320 | |
| VORTEX (21): | 1.1250 | |
| Stochastique (14,3,5): | 90.81 | |
| TEMA (21): | 1.8224 | |
| Williams %R (14): | -3.64 | |
| Chande Momentum Oscillator (20): | 0.0470 | |
| Repulse (5,40,3): | 0.9482 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0294 | |
| Courbe Coppock: | 3.13 |
| MA7: | 1.8195 | |
| MA20: | 1.8028 | |
| MA50: | 1.8010 | |
| MA100: | 1.7982 | |
| MAexp7: | 1.8193 | |
| MAexp20: | 1.8085 | |
| MAexp50: | 1.8015 | |
| MAexp100: | 1.7968 | |
| Price / MA7: | +0.65% | |
| Price / MA20: | +1.59% | |
| Price / MA50: | +1.69% | |
| Price / MA100: | +1.85% | |
| Price / MAexp7: | +0.67% | |
| Price / MAexp20: | +1.27% | |
| Price / MAexp50: | +1.66% | |
| Price / MAexp100: | +1.93% |
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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