EUR/NZD - 1H - Technical analysis published on 11/07/2022 (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:
Slightly bearish
Technical indicators
61%
6%
33%
My opinion
Bullish above 1.6773 NZD
My targets
1.6875 NZD (+0.0019)
1.6970 NZD (+0.0114)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for EUR/NZD as long as the price remains well above 1.6773 NZD. The buyers' bullish objective is set at 1.6875 NZD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.6970 NZD. If there is any crossing, the next objective would be the resistance located at 1.7158 NZD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 1.6875 NZD. On this resistance, against the trend traders who would like to go short on EUR/NZD with a bearish signal from their trading strategy, should not hesitate to act.
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
2.5
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Additional analysis
Quotes
EUR/NZD rating 1.6856 NZD. On the day, this instrument gained +0.33% and was between 1.6830 NZD and 1.6923 NZD. This implies that the price is at +0.15% from its lowest and at -0.40% from its highest.1.6830
1.6923
1.6856
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/NZD chart shows a slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
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
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 harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6317 | 1.6487 | 1.6773 | 1.6856 | 1.6875 | 1.6970 | 1.7158 |
| Change (%) | -3.20% | -2.19% | -0.49% | - | +0.11% | +0.68% | +1.79% |
| Change | -0.0539 | -0.0369 | -0.0083 | - | +0.0019 | +0.0114 | +0.0302 |
| Level | Major | Minor | Intermediate | - | Major | 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 | 1.6506 | 1.6621 | 1.6711 | 1.6826 | 1.6916 | 1.7031 | 1.7121 |
| Camarilla | 1.6745 | 1.6763 | 1.6782 | 1.6801 | 1.6820 | 1.6839 | 1.6857 |
| Woodie | 1.6494 | 1.6615 | 1.6699 | 1.6820 | 1.6904 | 1.7025 | 1.7109 |
| Fibonacci | 1.6621 | 1.6699 | 1.6748 | 1.6826 | 1.6904 | 1.6953 | 1.7031 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6185 | 1.6460 | 1.6631 | 1.6906 | 1.7077 | 1.7352 | 1.7523 |
| Camarilla | 1.6678 | 1.6719 | 1.6760 | 1.6801 | 1.6842 | 1.6883 | 1.6924 |
| Woodie | 1.6132 | 1.6434 | 1.6578 | 1.6880 | 1.7024 | 1.7326 | 1.7470 |
| Fibonacci | 1.6460 | 1.6631 | 1.6736 | 1.6906 | 1.7077 | 1.7182 | 1.7352 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6189 | 1.6576 | 1.6775 | 1.7162 | 1.7361 | 1.7748 | 1.7947 |
| Camarilla | 1.6812 | 1.6866 | 1.6919 | 1.6973 | 1.7027 | 1.7080 | 1.7134 |
| Woodie | 1.6094 | 1.6529 | 1.6680 | 1.7115 | 1.7266 | 1.7701 | 1.7852 |
| Fibonacci | 1.6576 | 1.6800 | 1.6939 | 1.7162 | 1.7386 | 1.7525 | 1.7748 |
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): | 55.34 | |
| MACD (12,26,9): | 0.0012 | |
| Directional Movement: | 2.5745 | |
| AROON (14): | 7.1428 | |
| DEMA (21): | 1.6867 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6816 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 1.6773 | |
| Zig ZAG (10): | 1.6871 | |
| VORTEX (21): | 1.0739 | |
| Stochastique (14,3,5): | 68.41 | |
| TEMA (21): | 1.6884 | |
| Williams %R (14): | -36.62 | |
| Chande Momentum Oscillator (20): | -0.0004 | |
| Repulse (5,40,3): | 0.0745 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0069 | |
| Courbe Coppock: | 0.75 |
| MA7: | 1.6926 | |
| MA20: | 1.7171 | |
| MA50: | 1.6958 | |
| MA100: | 1.6664 | |
| MAexp7: | 1.6871 | |
| MAexp20: | 1.6855 | |
| MAexp50: | 1.6853 | |
| MAexp100: | 1.6890 | |
| Price / MA7: | -0.41% | |
| Price / MA20: | -1.83% | |
| Price / MA50: | -0.60% | |
| Price / MA100: | +1.15% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | -0.21% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on EUR/NZD. At the time of publication of this analysis, the latest news 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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