EUR/NZD - 1H - Technical analysis published on 11/09/2022 (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:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.6875 NZD
My targets
1.6970 NZD (+0.0020)
1.7046 NZD (+0.0096)
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 1.6875 NZD. The next resistance located at 1.6970 NZD is the next bullish objective 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 1.7046 NZD. After this resistance, buyers could then target 1.7158 NZD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.4
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Additional analysis
Quotes
The EUR/NZD price is 1.6950 NZD. The price has increased by +0.25% since the last closing and was traded between 1.6899 NZD and 1.6969 NZD over the period. The price is currently at +0.30% from its lowest and -0.11% from its highest.1.6899
1.6969
1.6950
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/NZD:
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
Technical analysis of EUR/NZD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
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 over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
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 | 1.6773 | 1.6839 | 1.6875 | 1.6950 | 1.6970 | 1.7046 | 1.7158 |
| Change (%) | -1.04% | -0.65% | -0.44% | - | +0.12% | +0.57% | +1.23% |
| Change | -0.0177 | -0.0111 | -0.0075 | - | +0.0020 | +0.0096 | +0.0208 |
| Level | Intermediate | Intermediate | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6707 | 1.6758 | 1.6833 | 1.6884 | 1.6959 | 1.7010 | 1.7085 |
| Camarilla | 1.6872 | 1.6884 | 1.6896 | 1.6907 | 1.6919 | 1.6930 | 1.6942 |
| Woodie | 1.6718 | 1.6764 | 1.6844 | 1.6890 | 1.6970 | 1.7016 | 1.7096 |
| Fibonacci | 1.6758 | 1.6807 | 1.6836 | 1.6884 | 1.6933 | 1.6962 | 1.7010 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 65.05 | |
| MACD (12,26,9): | 0.0022 | |
| Directional Movement: | 16.6145 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 1.6943 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6888 | |
| Elder Ray (13): | 0.0028 | |
| Super Trend (3,10): | 1.6874 | |
| Zig ZAG (10): | 1.6961 | |
| VORTEX (21): | 1.1795 | |
| Stochastique (14,3,5): | 93.84 | |
| TEMA (21): | 1.6959 | |
| Williams %R (14): | -6.31 | |
| Chande Momentum Oscillator (20): | 0.0053 | |
| Repulse (5,40,3): | 0.0684 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0138 | |
| Courbe Coppock: | 0.98 |
| MA7: | 1.6887 | |
| MA20: | 1.7130 | |
| MA50: | 1.6980 | |
| MA100: | 1.6667 | |
| MAexp7: | 1.6944 | |
| MAexp20: | 1.6918 | |
| MAexp50: | 1.6893 | |
| MAexp100: | 1.6893 | |
| Price / MA7: | +0.37% | |
| Price / MA20: | -1.05% | |
| Price / MA50: | -0.18% | |
| Price / MA100: | +1.70% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.34% | |
| Price / MAexp100: | +0.34% |
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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