EUR/NZD - Daily - Technical analysis published on 02/13/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 1.6805 NZD
My targets
1.7349 NZD (+0.0281)
1.7614 NZD (+0.0546)
My analysis
EUR/NZD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.6805 NZD. The next resistance located at 1.7349 NZD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.7614 NZD. After this resistance, buyers could then target 1.7928 NZD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.8
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Additional analysis
Quotes
The EUR/NZD price is 1.7068 NZD. On the day, this instrument lost -0.30% and was traded between 1.7022 NZD and 1.7167 NZD over the period. The price is currently at +0.27% from its lowest and -0.58% from its highest.1.7022
1.7167
1.7068
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of EUR/NZD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.6626 | 1.6805 | 1.7021 | 1.7068 | 1.7114 | 1.7349 | 1.7614 |
Change (%) | -2.59% | -1.54% | -0.28% | - | +0.27% | +1.65% | +3.20% |
Change | -0.0442 | -0.0263 | -0.0047 | - | +0.0046 | +0.0281 | +0.0546 |
Level | Intermediate | Intermediate | Intermediate | - | Major | Major | 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 | 1.6859 | 1.6941 | 1.7004 | 1.7086 | 1.7149 | 1.7231 | 1.7294 |
Camarilla | 1.7028 | 1.7041 | 1.7055 | 1.7068 | 1.7081 | 1.7095 | 1.7108 |
Woodie | 1.6851 | 1.6936 | 1.6996 | 1.7081 | 1.7141 | 1.7226 | 1.7286 |
Fibonacci | 1.6941 | 1.6996 | 1.7030 | 1.7086 | 1.7141 | 1.7175 | 1.7231 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.6585 | 1.6803 | 1.6936 | 1.7154 | 1.7287 | 1.7505 | 1.7638 |
Camarilla | 1.6972 | 1.7004 | 1.7036 | 1.7068 | 1.7100 | 1.7132 | 1.7165 |
Woodie | 1.6542 | 1.6782 | 1.6893 | 1.7133 | 1.7244 | 1.7484 | 1.7595 |
Fibonacci | 1.6803 | 1.6937 | 1.7020 | 1.7154 | 1.7288 | 1.7371 | 1.7505 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.6160 | 1.6350 | 1.6712 | 1.6902 | 1.7264 | 1.7454 | 1.7816 |
Camarilla | 1.6921 | 1.6972 | 1.7022 | 1.7073 | 1.7124 | 1.7174 | 1.7225 |
Woodie | 1.6245 | 1.6393 | 1.6797 | 1.6945 | 1.7349 | 1.7497 | 1.7901 |
Fibonacci | 1.6350 | 1.6561 | 1.6692 | 1.6902 | 1.7113 | 1.7244 | 1.7454 |
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): | 56.98 | |
MACD (12,26,9): | 0.0114 | |
Directional Movement: | 9.2417 | |
AROON (14): | 50.0000 | |
DEMA (21): | 1.7165 | |
Parabolic SAR (0,02-0,02-0,2): | 1.7354 | |
Elder Ray (13): | 0.0022 | |
Super Trend (3,10): | 1.6872 | |
Zig ZAG (10): | 1.7068 | |
VORTEX (21): | 1.1347 | |
Stochastique (14,3,5): | 50.31 | |
TEMA (21): | 1.7197 | |
Williams %R (14): | -57.33 | |
Chande Momentum Oscillator (20): | 0.0191 | |
Repulse (5,40,3): | -0.5127 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.1008 | |
Courbe Coppock: | 3.72 |
MA7: | 1.7168 | |
MA20: | 1.6993 | |
MA50: | 1.6801 | |
MA100: | 1.6603 | |
MAexp7: | 1.7115 | |
MAexp20: | 1.7013 | |
MAexp50: | 1.6836 | |
MAexp100: | 1.6734 | |
Price / MA7: | -0.58% | |
Price / MA20: | +0.44% | |
Price / MA50: | +1.59% | |
Price / MA100: | +2.80% | |
Price / MAexp7: | -0.27% | |
Price / MAexp20: | +0.32% | |
Price / MAexp50: | +1.38% | |
Price / MAexp100: | +2.00% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on EUR/NZD at the time of the analysis were 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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