EUR/NZD - 1H - Technical analysis published on 03/09/2022 (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
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
67%
6%
28%
My opinion
Bullish above 1.5907 NZD
My targets
1.6120 NZD (+0.0097)
1.6183 NZD (+0.0160)
My analysis
The strong short-term increase of EUR/NZD should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 1.5907 NZD, a purchase could be considered. The first bullish objective is located at 1.6120 NZD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 1.6183 NZD. If there is any crossing, the next objective would be the resistance at 1.6339 NZD. Caution, if there is a return under 1.5907 NZD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
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
3.8
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This analysis was given by GCrow. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/NZD price is 1.6023 NZD. The price registered an increase of +0.03% on the session and was traded between 1.5999 NZD and 1.6060 NZD over the period. The price is currently at +0.15% from its lowest and -0.23% from its highest.1.5999
1.6060
1.6023
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/NZD chart shows a neutral trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by 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, 12 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.5642 | 1.5729 | 1.5907 | 1.6023 | 1.6120 | 1.6339 | 1.6428 |
| Change (%) | -2.38% | -1.83% | -0.72% | - | +0.61% | +1.97% | +2.53% |
| Change | -0.0381 | -0.0294 | -0.0116 | - | +0.0097 | +0.0316 | +0.0405 |
| Level | Intermediate | Minor | Major | - | Major | Major | Intermediate |
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 | 1.5692 | 1.5776 | 1.5897 | 1.5981 | 1.6102 | 1.6186 | 1.6307 |
| Camarilla | 1.5963 | 1.5981 | 1.6000 | 1.6019 | 1.6038 | 1.6057 | 1.6075 |
| Woodie | 1.5712 | 1.5785 | 1.5917 | 1.5990 | 1.6122 | 1.6195 | 1.6327 |
| Fibonacci | 1.5776 | 1.5854 | 1.5902 | 1.5981 | 1.6059 | 1.6107 | 1.6186 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4788 | 1.5338 | 1.5633 | 1.6183 | 1.6478 | 1.7028 | 1.7323 |
| Camarilla | 1.5696 | 1.5773 | 1.5851 | 1.5928 | 1.6006 | 1.6083 | 1.6160 |
| Woodie | 1.4661 | 1.5274 | 1.5506 | 1.6119 | 1.6351 | 1.6964 | 1.7196 |
| Fibonacci | 1.5338 | 1.5661 | 1.5860 | 1.6183 | 1.6506 | 1.6705 | 1.7028 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5477 | 1.6016 | 1.6295 | 1.6834 | 1.7113 | 1.7652 | 1.7931 |
| Camarilla | 1.6349 | 1.6424 | 1.6499 | 1.6574 | 1.6649 | 1.6724 | 1.6799 |
| Woodie | 1.5347 | 1.5951 | 1.6165 | 1.6769 | 1.6983 | 1.7587 | 1.7801 |
| Fibonacci | 1.6016 | 1.6329 | 1.6522 | 1.6834 | 1.7147 | 1.7340 | 1.7652 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.31 | |
| MACD (12,26,9): | 0.0026 | |
| Directional Movement: | 12.2762 | |
| AROON (14): | 21.4285 | |
| DEMA (21): | 1.6031 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5963 | |
| Elder Ray (13): | 0.0009 | |
| Super Trend (3,10): | 1.5919 | |
| Zig ZAG (10): | 1.6020 | |
| VORTEX (21): | 1.0961 | |
| Stochastique (14,3,5): | 74.19 | |
| TEMA (21): | 1.6043 | |
| Williams %R (14): | -29.68 | |
| Chande Momentum Oscillator (20): | 0.0046 | |
| Repulse (5,40,3): | -0.0496 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0265 | |
| Courbe Coppock: | 0.73 |
| MA7: | 1.6135 | |
| MA20: | 1.6633 | |
| MA50: | 1.6772 | |
| MA100: | 1.6599 | |
| MAexp7: | 1.6021 | |
| MAexp20: | 1.5996 | |
| MAexp50: | 1.5979 | |
| MAexp100: | 1.6057 | |
| Price / MA7: | -0.69% | |
| Price / MA20: | -3.67% | |
| Price / MA50: | -4.47% | |
| Price / MA100: | -3.47% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | -0.21% |
Quotes :
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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:
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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