EUR/NZD
EUR NZD
- NZD (-)
- Real time data - Forex
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Type: Forex
Ticker: EURNZD
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EUR/NZD - 1H - Technical analysis published on 10/06/2020 (GMT)

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  • Timeframe : 1H
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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

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

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:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard1.74911.75551.76361.77001.77811.78451.7926
Camarilla1.76781.76911.77051.77181.77311.77451.7758
Woodie1.75011.75591.76461.77041.77911.78491.7936
Fibonacci1.75551.76101.76441.77001.77551.77891.7845


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.73721.75031.75781.77091.77841.79151.7990
Camarilla1.75961.76151.76341.76531.76721.76911.7710
Woodie1.73441.74891.75501.76951.77561.79011.7962
Fibonacci1.75031.75821.76301.77091.77881.78361.7915


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.70471.72471.74761.76761.79051.81051.8334
Camarilla1.75871.76261.76661.77051.77441.77841.7823
Woodie1.70621.72541.74911.76831.79201.81121.8349
Fibonacci1.72471.74111.75121.76761.78401.79411.8105

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 - Real time data - 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.

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