EUR/NZD
EUR NZD
- NZD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURNZD
ISIN:

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

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by sebanja. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

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.

Central Gaps

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:

Central Indicators

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:

Central Indicators

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

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard1.64241.64921.65451.66131.66661.67341.6787
Camarilla1.65651.65761.65871.65981.66091.66201.6631
Woodie1.64171.64881.65381.66091.66591.67301.6780
Fibonacci1.64921.65381.65671.66131.66591.66881.6734


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.56701.58691.62301.64291.67901.69891.7350
Camarilla1.64371.64881.65401.65911.66421.66941.6745
Woodie1.57511.59101.63111.64701.68711.70301.7431
Fibonacci1.58691.60831.62151.64291.66431.67751.6989


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.55841.58231.62131.64521.68421.70811.7471
Camarilla1.64291.64871.65441.66021.66601.67171.6775
Woodie1.56591.58611.62881.64901.69171.71191.7546
Fibonacci1.58231.60641.62121.64521.66931.68411.7081

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 : - 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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