EUR/NZD - 1H - Technical analysis published on 10/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1.7736 NZD
My targets
1.7831 NZD (+0.0065)
1.7875 NZD (+0.0109)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/NZD as long as the price remains well above 1.7736 NZD. The buyers” bullish objective is set at 1.7831 NZD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.7875 NZD. If there is any crossing, the next objective would be the resistance located at 1.7924 NZD.
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
6.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/NZD rating is 1.7766 NZD. The price registered an increase of +0.27% on the session and was between 1.7713 NZD and 1.7771 NZD. This implies that the price is at +0.30% from its lowest and at -0.03% from its highest.1.7713
1.7771
1.7766
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this EUR/NZD chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.7681 | 1.7708 | 1.7736 | 1.7766 | 1.7767 | 1.7831 | 1.7875 |
Change (%) | -0.48% | -0.33% | -0.17% | - | +0.01% | +0.37% | +0.61% |
Change | -0.0085 | -0.0058 | -0.0030 | - | +0.0001 | +0.0065 | +0.0109 |
Level | Minor | Intermediate | Intermediate | - | Minor | 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 | 1.7491 | 1.7555 | 1.7636 | 1.7700 | 1.7781 | 1.7845 | 1.7926 |
Camarilla | 1.7678 | 1.7691 | 1.7705 | 1.7718 | 1.7731 | 1.7745 | 1.7758 |
Woodie | 1.7501 | 1.7559 | 1.7646 | 1.7704 | 1.7791 | 1.7849 | 1.7936 |
Fibonacci | 1.7555 | 1.7610 | 1.7644 | 1.7700 | 1.7755 | 1.7789 | 1.7845 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.7372 | 1.7503 | 1.7578 | 1.7709 | 1.7784 | 1.7915 | 1.7990 |
Camarilla | 1.7596 | 1.7615 | 1.7634 | 1.7653 | 1.7672 | 1.7691 | 1.7710 |
Woodie | 1.7344 | 1.7489 | 1.7550 | 1.7695 | 1.7756 | 1.7901 | 1.7962 |
Fibonacci | 1.7503 | 1.7582 | 1.7630 | 1.7709 | 1.7788 | 1.7836 | 1.7915 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.7047 | 1.7247 | 1.7476 | 1.7676 | 1.7905 | 1.8105 | 1.8334 |
Camarilla | 1.7587 | 1.7626 | 1.7666 | 1.7705 | 1.7744 | 1.7784 | 1.7823 |
Woodie | 1.7062 | 1.7254 | 1.7491 | 1.7683 | 1.7920 | 1.8112 | 1.8349 |
Fibonacci | 1.7247 | 1.7411 | 1.7512 | 1.7676 | 1.7840 | 1.7941 | 1.8105 |
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): | 68.13 | |
MACD (12,26,9): | 0.0015 | |
Directional Movement: | 11.5365 | |
AROON (14): | 42.8571 | |
DEMA (21): | 1.7748 | |
Parabolic SAR (0,02-0,02-0,2): | 1.7714 | |
Elder Ray (13): | 0.0017 | |
Super Trend (3,10): | 1.7691 | |
Zig ZAG (10): | 1.7765 | |
VORTEX (21): | 1.1372 | |
Stochastique (14,3,5): | 68.72 | |
TEMA (21): | 1.7755 | |
Williams %R (14): | -3.64 | |
Chande Momentum Oscillator (20): | 0.0015 | |
Repulse (5,40,3): | 0.2294 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0138 | |
Courbe Coppock: | 0.09 |
MA7: | 1.7724 | |
MA20: | 1.7699 | |
MA50: | 1.7790 | |
MA100: | 1.7637 | |
MAexp7: | 1.7742 | |
MAexp20: | 1.7728 | |
MAexp50: | 1.7708 | |
MAexp100: | 1.7711 | |
Price / MA7: | +0.24% | |
Price / MA20: | +0.38% | |
Price / MA50: | -0.13% | |
Price / MA100: | +0.73% | |
Price / MAexp7: | +0.14% | |
Price / MAexp20: | +0.21% | |
Price / MAexp50: | +0.33% | |
Price / MAexp100: | +0.31% |
Quotes :
2020-10-06 06:58:40
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Real time data
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Forex
News
The latest news and videos published on EUR/NZD at the time of the analysis were as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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