EUR/NZD - 15 min. - Technical analysis published on 03/06/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 1.7124 NZD
My targets
1.7223 NZD (+0.0007)
1.7290 NZD (+0.0074)
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 1.7124 NZD. The next resistance located at 1.7223 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 1.7290 NZD. After this resistance, buyers could then target 1.7519 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.
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
7.7
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This analysis was given by nwbrown2. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/NZD rating is 1.7216 NZD. The price has increased by +0.78% since the last closing with the lowest point at 1.7067 NZD and the highest point at 1.7242 NZD. The deviation from the price is +0.87% for the low point and -0.15% for the high point.1.7067
1.7242
1.7216
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
A technical analysis in 15 min. of this EUR/NZD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
In fact, 11 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.7110 | 1.7140 | 1.7213 | 1.7216 | 1.7290 | 1.7519 | 1.7928 |
| Change (%) | -0.62% | -0.44% | -0.02% | - | +0.43% | +1.76% | +4.14% |
| Change | -0.0106 | -0.0076 | -0.0003 | - | +0.0074 | +0.0303 | +0.0712 |
| Level | Major | Minor | Intermediate | - | Intermediate | Major | 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 | 1.6926 | 1.6968 | 1.7025 | 1.7067 | 1.7124 | 1.7166 | 1.7223 |
| Camarilla | 1.7055 | 1.7064 | 1.7073 | 1.7082 | 1.7091 | 1.7100 | 1.7109 |
| Woodie | 1.6934 | 1.6972 | 1.7033 | 1.7071 | 1.7132 | 1.7170 | 1.7231 |
| Fibonacci | 1.6968 | 1.7006 | 1.7029 | 1.7067 | 1.7105 | 1.7128 | 1.7166 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6671 | 1.6837 | 1.6959 | 1.7125 | 1.7247 | 1.7413 | 1.7535 |
| Camarilla | 1.7003 | 1.7029 | 1.7056 | 1.7082 | 1.7108 | 1.7135 | 1.7161 |
| Woodie | 1.6650 | 1.6826 | 1.6938 | 1.7114 | 1.7226 | 1.7402 | 1.7514 |
| Fibonacci | 1.6837 | 1.6947 | 1.7015 | 1.7125 | 1.7235 | 1.7303 | 1.7413 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6273 | 1.6515 | 1.6806 | 1.7048 | 1.7339 | 1.7581 | 1.7872 |
| Camarilla | 1.6950 | 1.6999 | 1.7048 | 1.7097 | 1.7146 | 1.7195 | 1.7244 |
| Woodie | 1.6298 | 1.6527 | 1.6831 | 1.7060 | 1.7364 | 1.7593 | 1.7897 |
| Fibonacci | 1.6515 | 1.6719 | 1.6844 | 1.7048 | 1.7252 | 1.7377 | 1.7581 |
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): | 57.94 | |
| MACD (12,26,9): | 0.0012 | |
| Directional Movement: | 10.6091 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.7212 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7228 | |
| Elder Ray (13): | 0.0008 | |
| Super Trend (3,10): | 1.7235 | |
| Zig ZAG (10): | 1.7210 | |
| VORTEX (21): | 1.0867 | |
| Stochastique (14,3,5): | 48.53 | |
| TEMA (21): | 1.7210 | |
| Williams %R (14): | -44.12 | |
| Chande Momentum Oscillator (20): | 0.0018 | |
| Repulse (5,40,3): | 0.0984 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0133 | |
| Courbe Coppock: | 0.18 |
| MA7: | 1.7116 | |
| MA20: | 1.7049 | |
| MA50: | 1.6937 | |
| MA100: | 1.6886 | |
| MAexp7: | 1.7203 | |
| MAexp20: | 1.7194 | |
| MAexp50: | 1.7166 | |
| MAexp100: | 1.7136 | |
| Price / MA7: | +0.58% | |
| Price / MA20: | +0.98% | |
| Price / MA50: | +1.65% | |
| Price / MA100: | +1.95% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.29% | |
| Price / MAexp100: | +0.47% |
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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