EUR/NZD - 1H - Technical analysis published on 04/24/2023 (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:
Neutral
Underlying:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 1.7817 NZD
My targets
1.7928 NZD (+0.0018)
1.8125 NZD (+0.0215)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/NZD. As long as you are above the support located at 1.7817 NZD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.7928 NZD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.8125 NZD as an objective. Crossing it would then enable buyers to target 1.9151 NZD. If the support 1.7817 NZD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/NZD rating 1.7910 NZD. The price registered a decrease of -0.01% on the session with the lowest point at 1.7863 NZD and the highest point at 1.7962 NZD. The deviation from the price is +0.26% for the low point and -0.29% for the high point.1.7863
1.7962
1.7910
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
Here is a more detailed summary of the historical variations registered by EUR/NZD:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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 bullish. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.7614 | 1.7703 | 1.7817 | 1.7910 | 1.7928 | 1.9151 | 2.5511 |
| Change (%) | -1.65% | -1.16% | -0.52% | - | +0.10% | +6.93% | +42.44% |
| Change | -0.0296 | -0.0207 | -0.0093 | - | +0.0018 | +0.1241 | +0.7601 |
| Level | Minor | Intermediate | Minor | - | Major | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7631 | 1.7691 | 1.7802 | 1.7862 | 1.7973 | 1.8033 | 1.8144 |
| Camarilla | 1.7865 | 1.7881 | 1.7896 | 1.7912 | 1.7928 | 1.7943 | 1.7959 |
| Woodie | 1.7656 | 1.7704 | 1.7827 | 1.7875 | 1.7998 | 1.8046 | 1.8169 |
| Fibonacci | 1.7691 | 1.7757 | 1.7797 | 1.7862 | 1.7928 | 1.7968 | 1.8033 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7402 | 1.7509 | 1.7710 | 1.7817 | 1.8018 | 1.8125 | 1.8326 |
| Camarilla | 1.7827 | 1.7856 | 1.7884 | 1.7912 | 1.7940 | 1.7969 | 1.7997 |
| Woodie | 1.7450 | 1.7533 | 1.7758 | 1.7841 | 1.8066 | 1.8149 | 1.8374 |
| Fibonacci | 1.7509 | 1.7626 | 1.7699 | 1.7817 | 1.7934 | 1.8007 | 1.8125 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6507 | 1.6739 | 1.7030 | 1.7262 | 1.7553 | 1.7785 | 1.8076 |
| Camarilla | 1.7177 | 1.7225 | 1.7273 | 1.7321 | 1.7369 | 1.7417 | 1.7465 |
| Woodie | 1.6537 | 1.6754 | 1.7060 | 1.7277 | 1.7583 | 1.7800 | 1.8106 |
| Fibonacci | 1.6739 | 1.6939 | 1.7062 | 1.7262 | 1.7462 | 1.7585 | 1.7785 |
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): | 51.00 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 2.5026 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 1.7937 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7961 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 1.7868 | |
| Zig ZAG (10): | 1.7911 | |
| VORTEX (21): | 1.0329 | |
| Stochastique (14,3,5): | 53.54 | |
| TEMA (21): | 1.7929 | |
| Williams %R (14): | -52.53 | |
| Chande Momentum Oscillator (20): | 0.0000 | |
| Repulse (5,40,3): | -0.1042 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0142 | |
| Courbe Coppock: | 0.29 |
| MA7: | 1.7771 | |
| MA20: | 1.7552 | |
| MA50: | 1.7329 | |
| MA100: | 1.7070 | |
| MAexp7: | 1.7923 | |
| MAexp20: | 1.7916 | |
| MAexp50: | 1.7876 | |
| MAexp100: | 1.7818 | |
| Price / MA7: | +0.78% | |
| Price / MA20: | +2.04% | |
| Price / MA50: | +3.35% | |
| Price / MA100: | +4.92% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.52% |
Quotes :
-
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.
About author
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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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