EUR/NZD - Daily - Technical analysis published on 09/29/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.6627 NZD
My targets
1.6948 NZD (+0.0145)
1.7023 NZD (+0.0220)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for EUR/NZD as long as the price remains well above 1.6627 NZD. The buyers' bullish objective is set at 1.6948 NZD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.7023 NZD. If there is any crossing, the next objective would be the resistance located at 1.7111 NZD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 1.6948 NZD. On this resistance, against the trend traders who would like to go short on EUR/NZD with a bearish signal from their trading strategy, should not hesitate to act.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/NZD rating is 1.6803 NZD. On the day, this instrument gained +0.07% and was between 1.6789 NZD and 1.6834 NZD. This implies that the price is at +0.08% from its lowest and at -0.18% from its highest.1.6789
1.6834
1.6803
Here is a more detailed summary of the historical variations registered by EUR/NZD:
Technical
Technical analysis of EUR/NZD in Daily shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.5050 | 1.6336 | 1.6627 | 1.6803 | 1.6814 | 1.6948 | 1.7023 |
| Change (%) | -10.43% | -2.78% | -1.05% | - | +0.07% | +0.86% | +1.31% |
| Change | -0.1753 | -0.0467 | -0.0176 | - | +0.0011 | +0.0145 | +0.0220 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6522 | 1.6586 | 1.6689 | 1.6753 | 1.6856 | 1.6920 | 1.7023 |
| Camarilla | 1.6746 | 1.6761 | 1.6777 | 1.6792 | 1.6807 | 1.6823 | 1.6838 |
| Woodie | 1.6542 | 1.6596 | 1.6709 | 1.6763 | 1.6876 | 1.6930 | 1.7043 |
| Fibonacci | 1.6586 | 1.6650 | 1.6689 | 1.6753 | 1.6817 | 1.6856 | 1.6920 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6386 | 1.6470 | 1.6596 | 1.6680 | 1.6806 | 1.6890 | 1.7016 |
| Camarilla | 1.6664 | 1.6684 | 1.6703 | 1.6722 | 1.6741 | 1.6761 | 1.6780 |
| Woodie | 1.6407 | 1.6481 | 1.6617 | 1.6691 | 1.6827 | 1.6901 | 1.7037 |
| Fibonacci | 1.6470 | 1.6550 | 1.6600 | 1.6680 | 1.6760 | 1.6810 | 1.6890 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6016 | 1.6328 | 1.6539 | 1.6851 | 1.7062 | 1.7374 | 1.7585 |
| Camarilla | 1.6605 | 1.6653 | 1.6701 | 1.6749 | 1.6797 | 1.6845 | 1.6893 |
| Woodie | 1.5965 | 1.6303 | 1.6488 | 1.6826 | 1.7011 | 1.7349 | 1.7534 |
| Fibonacci | 1.6328 | 1.6528 | 1.6652 | 1.6851 | 1.7051 | 1.7175 | 1.7374 |
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): | 55.10 | |
| MACD (12,26,9): | -0.0014 | |
| Directional Movement: | 0.6965 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 1.6691 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6559 | |
| Elder Ray (13): | 0.0095 | |
| Super Trend (3,10): | 1.6915 | |
| Zig ZAG (10): | 1.6801 | |
| VORTEX (21): | 1.0231 | |
| Stochastique (14,3,5): | 83.53 | |
| TEMA (21): | 1.6716 | |
| Williams %R (14): | -8.61 | |
| Chande Momentum Oscillator (20): | 0.0206 | |
| Repulse (5,40,3): | 0.7031 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0357 | |
| Courbe Coppock: | 0.90 |
| MA7: | 1.6729 | |
| MA20: | 1.6673 | |
| MA50: | 1.6798 | |
| MA100: | 1.6860 | |
| MAexp7: | 1.6735 | |
| MAexp20: | 1.6722 | |
| MAexp50: | 1.6775 | |
| MAexp100: | 1.6822 | |
| Price / MA7: | +0.44% | |
| Price / MA20: | +0.78% | |
| Price / MA50: | +0.03% | |
| Price / MA100: | -0.34% | |
| Price / MAexp7: | +0.41% | |
| Price / MAexp20: | +0.48% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | -0.11% |
Quotes :
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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.
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