EUR/NZD - 1H - Technical analysis published on 12/08/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.6626 NZD
My targets
1.6693 NZD (+0.0024)
1.6747 NZD (+0.0078)
My analysis
EUR/NZD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.6626 NZD. The next resistance located at 1.6693 NZD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.6747 NZD. After this resistance, buyers could then target 1.6776 NZD.
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
6.3
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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 price is 1.6669 NZD. On the day, this instrument gained +0.35% with the lowest point at 1.6603 NZD and the highest point at 1.6684 NZD. The deviation from the price is +0.40% for the low point and -0.09% for the high point.1.6603
1.6684
1.6669
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of EUR/NZD in 1H shows an overall bullish trend. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 1.6539 | 1.6574 | 1.6626 | 1.6669 | 1.6693 | 1.6747 | 1.6776 |
| Change (%) | -0.78% | -0.57% | -0.26% | - | +0.14% | +0.47% | +0.64% |
| Change | -0.0130 | -0.0095 | -0.0043 | - | +0.0024 | +0.0078 | +0.0107 |
| Level | Minor | Major | Major | - | 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 | 1.6366 | 1.6470 | 1.6540 | 1.6644 | 1.6714 | 1.6818 | 1.6888 |
| Camarilla | 1.6563 | 1.6579 | 1.6595 | 1.6611 | 1.6627 | 1.6643 | 1.6659 |
| Woodie | 1.6350 | 1.6462 | 1.6524 | 1.6636 | 1.6698 | 1.6810 | 1.6872 |
| Fibonacci | 1.6470 | 1.6536 | 1.6577 | 1.6644 | 1.6710 | 1.6751 | 1.6818 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6272 | 1.6375 | 1.6570 | 1.6673 | 1.6868 | 1.6971 | 1.7166 |
| Camarilla | 1.6683 | 1.6710 | 1.6738 | 1.6765 | 1.6792 | 1.6820 | 1.6847 |
| Woodie | 1.6318 | 1.6398 | 1.6616 | 1.6696 | 1.6914 | 1.6994 | 1.7212 |
| Fibonacci | 1.6375 | 1.6489 | 1.6559 | 1.6673 | 1.6787 | 1.6857 | 1.6971 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5584 | 1.5823 | 1.6213 | 1.6452 | 1.6842 | 1.7081 | 1.7471 |
| Camarilla | 1.6429 | 1.6487 | 1.6544 | 1.6602 | 1.6660 | 1.6717 | 1.6775 |
| Woodie | 1.5659 | 1.5861 | 1.6288 | 1.6490 | 1.6917 | 1.7119 | 1.7546 |
| Fibonacci | 1.5823 | 1.6064 | 1.6212 | 1.6452 | 1.6693 | 1.6841 | 1.7081 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 56.01 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 8.0430 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.6642 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6627 | |
| Elder Ray (13): | 0.0011 | |
| Super Trend (3,10): | 1.6574 | |
| Zig ZAG (10): | 1.6667 | |
| VORTEX (21): | 1.0865 | |
| Stochastique (14,3,5): | 75.31 | |
| TEMA (21): | 1.6660 | |
| Williams %R (14): | -20.99 | |
| Chande Momentum Oscillator (20): | 0.0059 | |
| Repulse (5,40,3): | 0.1471 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0035 | |
| Courbe Coppock: | 0.53 |
| MA7: | 1.6654 | |
| MA20: | 1.6402 | |
| MA50: | 1.6397 | |
| MA100: | 1.6598 | |
| MAexp7: | 1.6656 | |
| MAexp20: | 1.6642 | |
| MAexp50: | 1.6650 | |
| MAexp100: | 1.6645 | |
| Price / MA7: | +0.09% | |
| Price / MA20: | +1.63% | |
| Price / MA50: | +1.66% | |
| Price / MA100: | +0.43% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.14% |
Quotes :
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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.
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