EUR/NZD
EUR NZD
- NZD (-)
- Real time data - Forex
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Type: Forex
Ticker: EURNZD
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EUR/NZD - 15 min. - Technical analysis published on 09/04/2020 (GMT)

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  • Timeframe : 15 min.
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  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 1.7628 NZD
My targets
1.7785 NZD (+0.0100)
1.7869 NZD (+0.0184)
My analysis
The basic bullish trend is very strong on EUR/NZD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1.7628 NZD. Crossing the first resistance at 1.7785 NZD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.7869 NZD as an objective. Crossing it would then enable buyers to target 1.8026 NZD. Caution, a return to below 1.7628 NZD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
6.8

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This analysis was given by RaviM. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

EUR/NZD rating 1.7685 NZD. On the day, this instrument lost -0.10% and was between 1.7678 NZD and 1.7702 NZD. This implies that the price is at +0.04% from its lowest and at -0.10% from its highest.

1.7678
1.7702
1.7685

So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes on EUR/NZD were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 20 days

Technical


Technical analysis of this 15 min. chart of EUR/NZD indicates that the overall trend is strongly bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.7179 1.7603 1.7646 1.7685 1.7754 1.7924 1.8038
Change (%) -2.86% -0.46% -0.22% - +0.39% +1.35% +2.00%
Change -0.0506 -0.0082 -0.0039 - +0.0069 +0.0239 +0.0353
Level Major Minor Intermediate - Minor Major 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
Standard1.73031.73871.75441.76281.77851.78691.8026
Camarilla1.76361.76581.76801.77021.77241.77461.7768
Woodie1.73411.74051.75821.76461.78231.78871.8064
Fibonacci1.73871.74791.75361.76281.77201.77771.7869


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.57551.64441.68481.75371.79411.86301.9034
Camarilla1.69521.70531.71531.72531.73531.74531.7554
Woodie1.56141.63731.67071.74661.78001.85591.8893
Fibonacci1.64441.68611.71191.75371.79541.82121.8630


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.75511.76071.76311.76871.77111.77671.7791
Camarilla1.76341.76411.76491.76561.76631.76711.7678
Woodie1.75361.75991.76161.76791.76961.77591.7776
Fibonacci1.76071.76371.76561.76871.77171.77361.7767

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): 55.66
MACD (12,26,9): 0.0011
Directional Movement: 9.8174
AROON (14): 78.5714
DEMA (21): 1.7695
Parabolic SAR (0,02-0,02-0,2): 1.7668
Elder Ray (13): -0.0002
Super Trend (3,10): 1.7659
Zig ZAG (10): 1.7685
VORTEX (21): 0.9963
Stochastique (14,3,5): 66.79
TEMA (21): 1.7689
Williams %R (14): -42.55
Chande Momentum Oscillator (20): 0.0019
Repulse (5,40,3): -0.0166
ROCnROLL: 1
TRIX (15,9): 0.0094
Courbe Coppock: 0.22
MA7: 1.7522
MA20: 1.7830
MA50: 1.7636
MA100: 1.7678
MAexp7: 1.7689
MAexp20: 1.7680
MAexp50: 1.7649
MAexp100: 1.7613
Price / MA7: +0.93%
Price / MA20: -0.81%
Price / MA50: +0.28%
Price / MA100: +0.04%
Price / MAexp7: -0.02%
Price / MAexp20: +0.03%
Price / MAexp50: +0.20%
Price / MAexp100: +0.41%

Quotes : 2020-09-04 00:43:30 - Real time data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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