EUR/NZD - 1H - Technical analysis published on 03/03/2023 (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 bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.7008 NZD
My targets
1.7111 NZD (+0.0038)
1.7135 NZD (+0.0062)
My analysis
EUR/NZD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 1.7008 NZD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 1.7111 NZD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 1.7135 NZD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 1.7233 NZD. Beware of a possible return to under the support located at 1.7008 NZD which would be the sign of a correction of the bullish excesses registered in the short term.
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
4.8
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This analysis was given by nwbrown2. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/NZD rating is 1.7073 NZD. On the day, this instrument gained +0.19% with the lowest point at 1.7010 NZD and the highest point at 1.7108 NZD. The deviation from the price is +0.37% for the low point and -0.20% for the high point.1.7010
1.7108
1.7073
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/NZD indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
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
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.6876 | 1.7008 | 1.7064 | 1.7073 | 1.7111 | 1.7135 | 1.7233 |
Change (%) | -1.15% | -0.38% | -0.05% | - | +0.22% | +0.36% | +0.94% |
Change | -0.0197 | -0.0065 | -0.0009 | - | +0.0038 | +0.0062 | +0.0160 |
Level | Minor | Major | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.6904 | 1.6960 | 1.7000 | 1.7056 | 1.7096 | 1.7152 | 1.7192 |
Camarilla | 1.7015 | 1.7023 | 1.7032 | 1.7041 | 1.7050 | 1.7059 | 1.7067 |
Woodie | 1.6897 | 1.6956 | 1.6993 | 1.7052 | 1.7089 | 1.7148 | 1.7185 |
Fibonacci | 1.6960 | 1.6996 | 1.7019 | 1.7056 | 1.7092 | 1.7115 | 1.7152 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.6808 | 1.6896 | 1.7002 | 1.7090 | 1.7196 | 1.7284 | 1.7390 |
Camarilla | 1.7056 | 1.7073 | 1.7091 | 1.7109 | 1.7127 | 1.7145 | 1.7162 |
Woodie | 1.6818 | 1.6901 | 1.7012 | 1.7095 | 1.7206 | 1.7289 | 1.7400 |
Fibonacci | 1.6896 | 1.6970 | 1.7016 | 1.7090 | 1.7164 | 1.7210 | 1.7284 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.6273 | 1.6515 | 1.6806 | 1.7048 | 1.7339 | 1.7581 | 1.7872 |
Camarilla | 1.6950 | 1.6999 | 1.7048 | 1.7097 | 1.7146 | 1.7195 | 1.7244 |
Woodie | 1.6298 | 1.6527 | 1.6831 | 1.7060 | 1.7364 | 1.7593 | 1.7897 |
Fibonacci | 1.6515 | 1.6719 | 1.6844 | 1.7048 | 1.7252 | 1.7377 | 1.7581 |
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): | 61.09 | |
MACD (12,26,9): | 0.0005 | |
Directional Movement: | 6.2058 | |
AROON (14): | 35.7143 | |
DEMA (21): | 1.7058 | |
Parabolic SAR (0,02-0,02-0,2): | 1.7023 | |
Elder Ray (13): | 0.0033 | |
Super Trend (3,10): | 1.7098 | |
Zig ZAG (10): | 1.7094 | |
VORTEX (21): | 1.0777 | |
Stochastique (14,3,5): | 84.50 | |
TEMA (21): | 1.7069 | |
Williams %R (14): | -16.33 | |
Chande Momentum Oscillator (20): | 0.0040 | |
Repulse (5,40,3): | 0.1069 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0024 | |
Courbe Coppock: | 0.31 |
MA7: | 1.7087 | |
MA20: | 1.7039 | |
MA50: | 1.6930 | |
MA100: | 1.6888 | |
MAexp7: | 1.7066 | |
MAexp20: | 1.7056 | |
MAexp50: | 1.7064 | |
MAexp100: | 1.7079 | |
Price / MA7: | -0.08% | |
Price / MA20: | +0.20% | |
Price / MA50: | +0.84% | |
Price / MA100: | +1.10% | |
Price / MAexp7: | +0.04% | |
Price / MAexp20: | +0.10% | |
Price / MAexp50: | +0.05% | |
Price / MAexp100: | -0.04% |
Quotes :
-
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:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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