EUR/NZD - 1H - Technical analysis published on 03/19/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
67%
17%
17%
My opinion
Bullish above 1.6573 NZD
My targets
1.6646 NZD (+0.0024)
1.6668 NZD (+0.0046)
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 1.6573 NZD. The buyers” bullish objective is set at 1.6646 NZD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.6668 NZD. If there is any crossing, the next objective would be the resistance located at 1.6813 NZD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
7
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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
EUR/NZD rating 1.6622 NZD. The price registered a decrease of -0.05% on the session with the lowest point at 1.6589 NZD and the highest point at 1.6647 NZD. The deviation from the price is +0.20% for the low point and -0.15% for the high point.1.6589
1.6647
1.6622
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 strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6511 | 1.6542 | 1.6573 | 1.6622 | 1.6646 | 1.6668 | 1.6813 |
| Change (%) | -0.67% | -0.48% | -0.29% | - | +0.14% | +0.28% | +1.15% |
| Change | -0.0111 | -0.0080 | -0.0049 | - | +0.0024 | +0.0046 | +0.0191 |
| Level | Minor | Intermediate | Minor | - | Intermediate | 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 | 1.6379 | 1.6433 | 1.6531 | 1.6585 | 1.6683 | 1.6737 | 1.6835 |
| Camarilla | 1.6588 | 1.6602 | 1.6616 | 1.6630 | 1.6644 | 1.6658 | 1.6672 |
| Woodie | 1.6402 | 1.6444 | 1.6554 | 1.6596 | 1.6706 | 1.6748 | 1.6858 |
| Fibonacci | 1.6433 | 1.6491 | 1.6527 | 1.6585 | 1.6643 | 1.6679 | 1.6737 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6350 | 1.6431 | 1.6543 | 1.6624 | 1.6736 | 1.6817 | 1.6929 |
| Camarilla | 1.6603 | 1.6621 | 1.6638 | 1.6656 | 1.6674 | 1.6691 | 1.6709 |
| Woodie | 1.6367 | 1.6439 | 1.6560 | 1.6632 | 1.6753 | 1.6825 | 1.6946 |
| Fibonacci | 1.6431 | 1.6504 | 1.6550 | 1.6624 | 1.6697 | 1.6743 | 1.6817 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5729 | 1.6025 | 1.6359 | 1.6655 | 1.6989 | 1.7285 | 1.7619 |
| Camarilla | 1.6519 | 1.6577 | 1.6634 | 1.6692 | 1.6750 | 1.6808 | 1.6865 |
| Woodie | 1.5747 | 1.6035 | 1.6377 | 1.6665 | 1.7007 | 1.7295 | 1.7637 |
| Fibonacci | 1.6025 | 1.6266 | 1.6415 | 1.6655 | 1.6896 | 1.7045 | 1.7285 |
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): | 58.32 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 5.2206 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 1.6620 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6632 | |
| Elder Ray (13): | 0.0009 | |
| Super Trend (3,10): | 1.6554 | |
| Zig ZAG (10): | 1.6624 | |
| VORTEX (21): | 1.0567 | |
| Stochastique (14,3,5): | 50.73 | |
| TEMA (21): | 1.6618 | |
| Williams %R (14): | -34.62 | |
| Chande Momentum Oscillator (20): | -0.0006 | |
| Repulse (5,40,3): | 0.0962 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0097 | |
| Courbe Coppock: | 0.17 |
| MA7: | 1.6589 | |
| MA20: | 1.6585 | |
| MA50: | 1.6730 | |
| MA100: | 1.6956 | |
| MAexp7: | 1.6613 | |
| MAexp20: | 1.6608 | |
| MAexp50: | 1.6593 | |
| MAexp100: | 1.6588 | |
| Price / MA7: | +0.20% | |
| Price / MA20: | +0.22% | |
| Price / MA50: | -0.65% | |
| Price / MA100: | -1.97% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | +0.20% |
Quotes :
2021-03-19 15:37:53
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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:
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.
About author
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