EUR/NZD - 1H - Technical analysis published on 09/08/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 1.7600 NZD
My targets
1.7754 NZD (+0.0099)
1.7835 NZD (+0.0180)
My analysis
The bullish trend is currently very strong on EUR/NZD. As long as the price remains above the support at 1.7600 NZD, you could try to benefit from the boom. The first bullish objective is located at 1.7754 NZD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.7835 NZD as an objective. Crossing it would then enable buyers to target 1.7924 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.1
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This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/NZD rating 1.7655 NZD. The price registered a decrease of -0.05% on the session and was between 1.7650 NZD and 1.7665 NZD. This implies that the price is at +0.03% from its lowest and at -0.06% from its highest.1.7650
1.7665
1.7655
Here is a more detailed summary of the historical variations registered by EUR/NZD:
Technical
Technical analysis of this 1H 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 scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
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 : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.7470 | 1.7530 | 1.7600 | 1.7655 | 1.7670 | 1.7754 | 1.7835 |
| Change (%) | -1.05% | -0.71% | -0.31% | - | +0.08% | +0.56% | +1.02% |
| Change | -0.0185 | -0.0125 | -0.0055 | - | +0.0015 | +0.0099 | +0.0180 |
| Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7556 | 1.7585 | 1.7625 | 1.7654 | 1.7694 | 1.7723 | 1.7763 |
| Camarilla | 1.7645 | 1.7651 | 1.7658 | 1.7664 | 1.7670 | 1.7677 | 1.7683 |
| Woodie | 1.7561 | 1.7588 | 1.7630 | 1.7657 | 1.7699 | 1.7726 | 1.7768 |
| Fibonacci | 1.7585 | 1.7612 | 1.7628 | 1.7654 | 1.7681 | 1.7697 | 1.7723 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7187 | 1.7329 | 1.7471 | 1.7613 | 1.7755 | 1.7897 | 1.8039 |
| Camarilla | 1.7536 | 1.7562 | 1.7588 | 1.7614 | 1.7640 | 1.7666 | 1.7692 |
| Woodie | 1.7188 | 1.7329 | 1.7472 | 1.7613 | 1.7756 | 1.7897 | 1.8040 |
| Fibonacci | 1.7329 | 1.7437 | 1.7504 | 1.7613 | 1.7721 | 1.7788 | 1.7897 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6928 | 1.7287 | 1.7508 | 1.7867 | 1.8088 | 1.8447 | 1.8668 |
| Camarilla | 1.7571 | 1.7624 | 1.7677 | 1.7730 | 1.7783 | 1.7836 | 1.7890 |
| Woodie | 1.6860 | 1.7253 | 1.7440 | 1.7833 | 1.8020 | 1.8413 | 1.8600 |
| Fibonacci | 1.7287 | 1.7508 | 1.7645 | 1.7867 | 1.8088 | 1.8225 | 1.8447 |
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): | 54.66 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | -0.9034 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 1.7657 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7677 | |
| Elder Ray (13): | 0.0006 | |
| Super Trend (3,10): | 1.7608 | |
| Zig ZAG (10): | 1.7655 | |
| VORTEX (21): | 1.0515 | |
| Stochastique (14,3,5): | 68.89 | |
| TEMA (21): | 1.7656 | |
| Williams %R (14): | -44.12 | |
| Chande Momentum Oscillator (20): | 0.0006 | |
| Repulse (5,40,3): | -0.0222 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0032 | |
| Courbe Coppock: | 0.05 |
| MA7: | 1.7642 | |
| MA20: | 1.7872 | |
| MA50: | 1.7653 | |
| MA100: | 1.7686 | |
| MAexp7: | 1.7655 | |
| MAexp20: | 1.7652 | |
| MAexp50: | 1.7642 | |
| MAexp100: | 1.7646 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | -1.21% | |
| Price / MA50: | +0.01% | |
| Price / MA100: | -0.18% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.05% |
Quotes :
2020-09-08 00:31:04
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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:
iFOREX Market Headlines 14-03-2017: USD, EUR/NZD and Alibaba.This member declared not having a position on this financial instrument or a related financial instrument.
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