EUR/NZD - 1H - Technical analysis published on 10/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
17%
56%
My opinion
Bullish above 1.8031 NZD
My targets
1.8147 NZD (+0.0087)
1.8358 NZD (+0.0298)
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 1.8031 NZD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.8147 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 1.8358 NZD as an objective. Crossing it would then enable buyers to target 1.8442 NZD. If the support 1.8031 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.3
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This analysis was given by shadybhai. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/NZD price is 1.8060 NZD. The price is lower by -0.03% since the last closing and was between 1.8021 NZD and 1.8113 NZD. This implies that the price is at +0.22% from its lowest and at -0.29% from its highest.1.8021
1.8113
1.8060
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:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
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. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.7962 | 1.8009 | 1.8031 | 1.8060 | 1.8074 | 1.8147 | 1.8358 |
| Change (%) | -0.54% | -0.28% | -0.16% | - | +0.08% | +0.48% | +1.65% |
| Change | -0.0098 | -0.0051 | -0.0029 | - | +0.0014 | +0.0087 | +0.0298 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 1.7958 | 1.7984 | 1.8024 | 1.8050 | 1.8090 | 1.8116 | 1.8156 |
| Camarilla | 1.8047 | 1.8053 | 1.8059 | 1.8065 | 1.8071 | 1.8077 | 1.8083 |
| Woodie | 1.7966 | 1.7988 | 1.8032 | 1.8054 | 1.8098 | 1.8120 | 1.8164 |
| Fibonacci | 1.7984 | 1.8009 | 1.8025 | 1.8050 | 1.8075 | 1.8091 | 1.8116 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7670 | 1.7753 | 1.7909 | 1.7992 | 1.8148 | 1.8231 | 1.8387 |
| Camarilla | 1.7999 | 1.8021 | 1.8043 | 1.8065 | 1.8087 | 1.8109 | 1.8131 |
| Woodie | 1.7707 | 1.7771 | 1.7946 | 1.8010 | 1.8185 | 1.8249 | 1.8424 |
| Fibonacci | 1.7753 | 1.7844 | 1.7901 | 1.7992 | 1.8083 | 1.8140 | 1.8231 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6810 | 1.7149 | 1.7351 | 1.7690 | 1.7892 | 1.8231 | 1.8433 |
| Camarilla | 1.7403 | 1.7453 | 1.7502 | 1.7552 | 1.7602 | 1.7651 | 1.7701 |
| Woodie | 1.6741 | 1.7115 | 1.7282 | 1.7656 | 1.7823 | 1.8197 | 1.8364 |
| Fibonacci | 1.7149 | 1.7356 | 1.7484 | 1.7690 | 1.7897 | 1.8025 | 1.8231 |
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): | 54.45 | |
| MACD (12,26,9): | 0.0015 | |
| Directional Movement: | 1.9725 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 1.8095 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.8068 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 1.8042 | |
| Zig ZAG (10): | 1.8073 | |
| VORTEX (21): | 1.1051 | |
| Stochastique (14,3,5): | 64.05 | |
| TEMA (21): | 1.8092 | |
| Williams %R (14): | -52.63 | |
| Chande Momentum Oscillator (20): | 0.0015 | |
| Repulse (5,40,3): | -0.1250 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0140 | |
| Courbe Coppock: | 0.30 |
| MA7: | 1.7975 | |
| MA20: | 1.7901 | |
| MA50: | 1.7879 | |
| MA100: | 1.7898 | |
| MAexp7: | 1.8084 | |
| MAexp20: | 1.8073 | |
| MAexp50: | 1.8038 | |
| MAexp100: | 1.7997 | |
| Price / MA7: | +0.47% | |
| Price / MA20: | +0.89% | |
| Price / MA50: | +1.01% | |
| Price / MA100: | +0.91% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +0.35% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on EUR/NZD at the time of the analysis were as follows:
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EUR/NZD Forecast September 13, 2024
-
EUR/NZD Forecast September 4, 2024
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EUR/NZD Forecast August 19, 2024
-
EUR/NZD Forecast June 7, 2024
-
EUR/NZD Forecast May 23, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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