EUR/NZD - 15 min. - Technical analysis published on 03/07/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.7195 NZD
My targets
1.7322 NZD (+0.0067)
1.7405 NZD (+0.0150)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/NZD as long as the price remains well above 1.7195 NZD. The buyers' bullish objective is set at 1.7322 NZD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.7405 NZD. If there is any crossing, the next objective would be the resistance located at 1.7532 NZD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.9
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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 1.7255 NZD. The price registered an increase of +0.09% on the session and was between 1.7168 NZD and 1.7272 NZD. This implies that the price is at +0.51% from its lowest and at -0.10% from its highest.1.7168
1.7272
1.7255
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 15 min. chart of EUR/NZD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% 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.
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 : 15 minutes
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
Timeframe : 15 minutes
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 | 1.7110 | 1.7172 | 1.7213 | 1.7255 | 1.7290 | 1.7519 | 1.7928 |
| Change (%) | -0.84% | -0.48% | -0.24% | - | +0.20% | +1.53% | +3.90% |
| Change | -0.0145 | -0.0083 | -0.0042 | - | +0.0035 | +0.0264 | +0.0673 |
| Level | Major | Minor | Intermediate | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6902 | 1.6985 | 1.7112 | 1.7195 | 1.7322 | 1.7405 | 1.7532 |
| Camarilla | 1.7182 | 1.7202 | 1.7221 | 1.7240 | 1.7259 | 1.7279 | 1.7298 |
| Woodie | 1.6925 | 1.6996 | 1.7135 | 1.7206 | 1.7345 | 1.7416 | 1.7555 |
| Fibonacci | 1.6985 | 1.7065 | 1.7114 | 1.7195 | 1.7275 | 1.7324 | 1.7405 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.51 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 9.0715 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 1.7245 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7215 | |
| Elder Ray (13): | 0.0024 | |
| Super Trend (3,10): | 1.7191 | |
| Zig ZAG (10): | 1.7253 | |
| VORTEX (21): | 1.1542 | |
| Stochastique (14,3,5): | 81.05 | |
| TEMA (21): | 1.7253 | |
| Williams %R (14): | -22.78 | |
| Chande Momentum Oscillator (20): | 0.0030 | |
| Repulse (5,40,3): | 0.0374 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0063 | |
| Courbe Coppock: | 0.26 |
| MA7: | 1.7141 | |
| MA20: | 1.7065 | |
| MA50: | 1.6944 | |
| MA100: | 1.6885 | |
| MAexp7: | 1.7246 | |
| MAexp20: | 1.7232 | |
| MAexp50: | 1.7223 | |
| MAexp100: | 1.7214 | |
| Price / MA7: | +0.67% | |
| Price / MA20: | +1.11% | |
| Price / MA50: | +1.84% | |
| Price / MA100: | +2.19% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | +0.23% |
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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