EUR/NZD - Daily - Technical analysis published on 12/23/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.8236 NZD
My targets
1.8660 NZD (+0.0193)
1.9151 NZD (+0.0684)
My analysis
The bullish trend is currently very strong on EUR/NZD. As long as the price remains above the support at 1.8236 NZD, you could try to benefit from the boom. The first bullish objective is located at 1.8660 NZD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.9151 NZD as an objective. Crossing it would then enable buyers to target 2.5511 NZD. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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This analysis was given by Bibi. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/NZD rating is 1.8467 NZD. On the day, this instrument gained +0.10% and was traded between 1.8422 NZD and 1.8502 NZD over the period. The price is currently at +0.24% from its lowest and -0.19% from its highest.1.8422
1.8502
1.8467
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
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. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.7928 | 1.8236 | 1.8442 | 1.8467 | 1.9151 | 2.5511 |
| Change (%) | -2.92% | -1.25% | -0.14% | - | +3.70% | +38.14% |
| Change | -0.0539 | -0.0231 | -0.0025 | - | +0.0684 | +0.7044 |
| Level | Major | Major | Major | - | Minor | 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 | 1.8334 | 1.8363 | 1.8406 | 1.8435 | 1.8478 | 1.8507 | 1.8550 |
| Camarilla | 1.8429 | 1.8436 | 1.8442 | 1.8449 | 1.8456 | 1.8462 | 1.8469 |
| Woodie | 1.8341 | 1.8367 | 1.8413 | 1.8439 | 1.8485 | 1.8511 | 1.8557 |
| Fibonacci | 1.8363 | 1.8391 | 1.8408 | 1.8435 | 1.8463 | 1.8480 | 1.8507 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7918 | 1.8036 | 1.8243 | 1.8361 | 1.8568 | 1.8686 | 1.8893 |
| Camarilla | 1.8360 | 1.8389 | 1.8419 | 1.8449 | 1.8479 | 1.8509 | 1.8538 |
| Woodie | 1.7962 | 1.8058 | 1.8287 | 1.8383 | 1.8612 | 1.8708 | 1.8937 |
| Fibonacci | 1.8036 | 1.8161 | 1.8237 | 1.8361 | 1.8486 | 1.8562 | 1.8686 |
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): | 70.34 | |
| MACD (12,26,9): | 0.0120 | |
| Directional Movement: | 19.5333 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 1.8321 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.8220 | |
| Elder Ray (13): | 0.0208 | |
| Super Trend (3,10): | 1.8114 | |
| Zig ZAG (10): | 1.8451 | |
| VORTEX (21): | 1.2658 | |
| Stochastique (14,3,5): | 92.96 | |
| TEMA (21): | 1.8411 | |
| Williams %R (14): | -7.93 | |
| Chande Momentum Oscillator (20): | 0.0455 | |
| Repulse (5,40,3): | 0.6443 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0575 | |
| Courbe Coppock: | 4.65 |
| MA7: | 1.8337 | |
| MA20: | 1.8114 | |
| MA50: | 1.8044 | |
| MA100: | 1.7987 | |
| MAexp7: | 1.8349 | |
| MAexp20: | 1.8185 | |
| MAexp50: | 1.8067 | |
| MAexp100: | 1.7998 | |
| Price / MA7: | +0.71% | |
| Price / MA20: | +1.95% | |
| Price / MA50: | +2.34% | |
| Price / MA100: | +2.67% | |
| Price / MAexp7: | +0.64% | |
| Price / MAexp20: | +1.55% | |
| Price / MAexp50: | +2.21% | |
| Price / MAexp100: | +2.61% |
Quotes :
-
Real time data
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Forex
News
The last news published on EUR/NZD at the time of the generation of this analysis 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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