EUR/NZD - 1H - Technical analysis published on 10/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 1.8009 NZD
My targets
1.8074 NZD (+0.0029)
1.8147 NZD (+0.0102)
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 1.8009 NZD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.8074 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 1.8147 NZD as an objective. Crossing it would then enable buyers to target 1.8358 NZD. If the support 1.8009 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
2
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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 rating is 1.8045 NZD. The price registered a decrease of -0.11% on the session and was traded between 1.8021 NZD and 1.8113 NZD over the period. The price is currently at +0.13% from its lowest and -0.38% from its highest.1.8021
1.8113
1.8045
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
A study of price movements over other periods shows the following variations:
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. 71.43% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Black hanging man / hammer
Type : Neutral
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 | 1.8045 | 1.8074 | 1.8147 | 1.8358 |
| Change (%) | -0.46% | -0.20% | -0.08% | - | +0.16% | +0.57% | +1.73% |
| Change | -0.0083 | -0.0036 | -0.0014 | - | +0.0029 | +0.0102 | +0.0313 |
| 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.12 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | -5.1291 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 1.8086 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.8110 | |
| Elder Ray (13): | -0.0018 | |
| Super Trend (3,10): | 1.8042 | |
| Zig ZAG (10): | 1.8051 | |
| VORTEX (21): | 1.0188 | |
| Stochastique (14,3,5): | 22.21 | |
| TEMA (21): | 1.8077 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.0024 | |
| Repulse (5,40,3): | -0.2189 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0121 | |
| Courbe Coppock: | 0.13 |
| MA7: | 1.7972 | |
| MA20: | 1.7899 | |
| MA50: | 1.7878 | |
| MA100: | 1.7898 | |
| MAexp7: | 1.8070 | |
| MAexp20: | 1.8070 | |
| MAexp50: | 1.8039 | |
| MAexp100: | 1.8000 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | +0.82% | |
| Price / MA50: | +0.93% | |
| Price / MA100: | +0.82% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.25% |
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:
-
EUR/NZD Forecast September 13, 2024
-
EUR/NZD Forecast September 4, 2024
-
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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