EUR/NZD - Daily - Technical analysis published on 12/03/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.6345 NZD
My targets
1.6813 NZD (+0.0172)
1.6946 NZD (+0.0305)
My analysis
EUR/NZD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 1.6345 NZD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 1.6813 NZD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 1.6946 NZD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 1.7111 NZD. Beware of a possible return to under the support located at 1.6345 NZD which would be the sign of a correction of the bullish excesses registered in the short term.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.8
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This analysis was given by sebanja. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/NZD rating is 1.6641 NZD. The price has increased by +0.26% since the last closing and was traded between 1.6599 NZD and 1.6643 NZD over the period. The price is currently at +0.25% from its lowest and -0.01% from its highest.1.6599
1.6643
1.6641
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of EUR/NZD in Daily shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
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:
Horizontal support is broken
Type : Bearish
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 | 1.6120 | 1.6345 | 1.6626 | 1.6641 | 1.6813 | 1.6946 | 1.7111 |
Change (%) | -3.13% | -1.78% | -0.09% | - | +1.03% | +1.83% | +2.82% |
Change | -0.0521 | -0.0296 | -0.0015 | - | +0.0172 | +0.0305 | +0.0470 |
Level | Major | Major | Major | - | Minor | Minor | Major |
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 | 1.6424 | 1.6492 | 1.6545 | 1.6613 | 1.6666 | 1.6734 | 1.6787 |
Camarilla | 1.6565 | 1.6576 | 1.6587 | 1.6598 | 1.6609 | 1.6620 | 1.6631 |
Woodie | 1.6417 | 1.6488 | 1.6538 | 1.6609 | 1.6659 | 1.6730 | 1.6780 |
Fibonacci | 1.6492 | 1.6538 | 1.6567 | 1.6613 | 1.6659 | 1.6688 | 1.6734 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.5670 | 1.5869 | 1.6230 | 1.6429 | 1.6790 | 1.6989 | 1.7350 |
Camarilla | 1.6437 | 1.6488 | 1.6540 | 1.6591 | 1.6642 | 1.6694 | 1.6745 |
Woodie | 1.5751 | 1.5910 | 1.6311 | 1.6470 | 1.6871 | 1.7030 | 1.7431 |
Fibonacci | 1.5869 | 1.6083 | 1.6215 | 1.6429 | 1.6643 | 1.6775 | 1.6989 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.5584 | 1.5823 | 1.6213 | 1.6452 | 1.6842 | 1.7081 | 1.7471 |
Camarilla | 1.6429 | 1.6487 | 1.6544 | 1.6602 | 1.6660 | 1.6717 | 1.6775 |
Woodie | 1.5659 | 1.5861 | 1.6288 | 1.6490 | 1.6917 | 1.7119 | 1.7546 |
Fibonacci | 1.5823 | 1.6064 | 1.6212 | 1.6452 | 1.6693 | 1.6841 | 1.7081 |
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): | 65.58 | |
MACD (12,26,9): | 0.0074 | |
Directional Movement: | 18.4753 | |
AROON (14): | 57.1428 | |
DEMA (21): | 1.6470 | |
Parabolic SAR (0,02-0,02-0,2): | 1.6266 | |
Elder Ray (13): | 0.0159 | |
Super Trend (3,10): | 1.6244 | |
Zig ZAG (10): | 1.6622 | |
VORTEX (21): | 1.1625 | |
Stochastique (14,3,5): | 87.28 | |
TEMA (21): | 1.6592 | |
Williams %R (14): | -10.81 | |
Chande Momentum Oscillator (20): | 0.0462 | |
Repulse (5,40,3): | 0.5944 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0134 | |
Courbe Coppock: | 4.02 |
MA7: | 1.6564 | |
MA20: | 1.6331 | |
MA50: | 1.6402 | |
MA100: | 1.6607 | |
MAexp7: | 1.6540 | |
MAexp20: | 1.6404 | |
MAexp50: | 1.6424 | |
MAexp100: | 1.6540 | |
Price / MA7: | +0.46% | |
Price / MA20: | +1.90% | |
Price / MA50: | +1.46% | |
Price / MA100: | +0.20% | |
Price / MAexp7: | +0.61% | |
Price / MAexp20: | +1.44% | |
Price / MAexp50: | +1.32% | |
Price / MAexp100: | +0.61% |
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:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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