EUR/NZD - 15 min. - Technical analysis published on 03/08/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 1.7238 NZD
My targets
1.7307 NZD (+0.0021)
1.7352 NZD (+0.0066)
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 1.7238 NZD. The buyers' bullish objective is set at 1.7307 NZD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.7352 NZD. If there is any crossing, the next objective would be the resistance located at 1.7421 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
8.2
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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 price is 1.7286 NZD. The price registered an increase of +0.13% on the session and was between 1.7242 NZD and 1.7307 NZD. This implies that the price is at +0.26% from its lowest and at -0.12% from its highest.1.7242
1.7307
1.7286
Here is a more detailed summary of the historical variations registered by EUR/NZD:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
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. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
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 | 1.7169 | 1.7213 | 1.7286 | 1.7290 | 1.7519 | 1.7928 |
| Change (%) | -1.02% | -0.68% | -0.42% | - | +0.02% | +1.35% | +3.71% |
| Change | -0.0176 | -0.0117 | -0.0073 | - | +0.0004 | +0.0233 | +0.0642 |
| Level | Intermediate | Intermediate | 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 | 1.7079 | 1.7124 | 1.7193 | 1.7238 | 1.7307 | 1.7352 | 1.7421 |
| Camarilla | 1.7232 | 1.7242 | 1.7253 | 1.7263 | 1.7274 | 1.7284 | 1.7294 |
| Woodie | 1.7092 | 1.7130 | 1.7206 | 1.7244 | 1.7320 | 1.7358 | 1.7434 |
| Fibonacci | 1.7124 | 1.7167 | 1.7194 | 1.7238 | 1.7281 | 1.7308 | 1.7352 |
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): | 59.70 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 11.3281 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 1.7287 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7251 | |
| Elder Ray (13): | 0.0011 | |
| Super Trend (3,10): | 1.7254 | |
| Zig ZAG (10): | 1.7290 | |
| VORTEX (21): | 1.0855 | |
| Stochastique (14,3,5): | 79.49 | |
| TEMA (21): | 1.7291 | |
| Williams %R (14): | -27.69 | |
| Chande Momentum Oscillator (20): | 0.0034 | |
| Repulse (5,40,3): | -0.0247 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0046 | |
| Courbe Coppock: | 0.32 |
| MA7: | 1.7153 | |
| MA20: | 1.7081 | |
| MA50: | 1.6953 | |
| MA100: | 1.6886 | |
| MAexp7: | 1.7288 | |
| MAexp20: | 1.7276 | |
| MAexp50: | 1.7263 | |
| MAexp100: | 1.7246 | |
| Price / MA7: | +0.78% | |
| Price / MA20: | +1.20% | |
| Price / MA50: | +1.96% | |
| Price / MA100: | +2.37% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +0.23% |
Quotes :
-
Real time data
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Forex
News
The last news published on EUR/NZD at the time of the generation of this analysis 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.
About author
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