EUR/NZD
EUR NZD
- NZD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURNZD
ISIN:

EUR/NZD - 1H - Technical analysis published on 03/03/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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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

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by nwbrown2. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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:

Central Indicators

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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

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:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard1.69041.69601.70001.70561.70961.71521.7192
Camarilla1.70151.70231.70321.70411.70501.70591.7067
Woodie1.68971.69561.69931.70521.70891.71481.7185
Fibonacci1.69601.69961.70191.70561.70921.71151.7152


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.68081.68961.70021.70901.71961.72841.7390
Camarilla1.70561.70731.70911.71091.71271.71451.7162
Woodie1.68181.69011.70121.70951.72061.72891.7400
Fibonacci1.68961.69701.70161.70901.71641.72101.7284


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.62731.65151.68061.70481.73391.75811.7872
Camarilla1.69501.69991.70481.70971.71461.71951.7244
Woodie1.62981.65271.68311.70601.73641.75931.7897
Fibonacci1.65151.67191.68441.70481.72521.73771.7581

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 - 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.

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