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 bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.7238 NZD
My targets
1.7193 NZD (-0.0033)
1.7124 NZD (-0.0102)
My analysis
EUR/NZD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.7238 NZD. The next support located at 1.7193 NZD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.7124 NZD. Below this support, sellers could then target 1.7079 NZD.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5
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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 1.7226 NZD. The price registered a decrease of -0.21% on the session with the lowest point at 1.7223 NZD and the highest point at 1.7307 NZD. The deviation from the price is +0.02% for the low point and -0.47% for the high point.1.7223
1.7307
1.7226
A study of price movements over other periods shows the following variations:
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 bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 15 minutes
Support of channel is broken
Type : Bearish
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 | 1.7226 | 1.7290 | 1.7519 | 1.7928 |
| Change (%) | -0.67% | -0.33% | -0.08% | - | +0.37% | +1.70% | +4.08% |
| Change | -0.0116 | -0.0057 | -0.0013 | - | +0.0064 | +0.0293 | +0.0702 |
| Level | Intermediate | Intermediate | 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 | 1.7079 | 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): | 31.56 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | -16.8570 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 1.7238 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7245 | |
| Elder Ray (13): | -0.0013 | |
| Super Trend (3,10): | 1.7272 | |
| Zig ZAG (10): | 1.7227 | |
| VORTEX (21): | 0.7970 | |
| Stochastique (14,3,5): | 19.76 | |
| TEMA (21): | 1.7229 | |
| Williams %R (14): | -87.76 | |
| Chande Momentum Oscillator (20): | -0.0035 | |
| Repulse (5,40,3): | -0.0538 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0061 | |
| Courbe Coppock: | 0.40 |
| MA7: | 1.7144 | |
| MA20: | 1.7078 | |
| MA50: | 1.6952 | |
| MA100: | 1.6885 | |
| MAexp7: | 1.7237 | |
| MAexp20: | 1.7251 | |
| MAexp50: | 1.7257 | |
| MAexp100: | 1.7249 | |
| Price / MA7: | +0.48% | |
| Price / MA20: | +0.87% | |
| Price / MA50: | +1.62% | |
| Price / MA100: | +2.02% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -0.13% |
Quotes :
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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:
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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