EUR/NZD - 15 min. - Technical analysis published on 12/12/2019 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.6855 NZD
My targets
1.6931 NZD (+0.0006)
1.6992 NZD (+0.0067)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on EUR/NZD. This is a positive signal for buyers. As long as the price remains above 1.6855 NZD, a purchase could be considered. The first bullish objective is located at 1.6931 NZD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.6992 NZD as an objective. Crossing it would then enable buyers to target 1.7068 NZD. In the event of a return below 1.6855 NZD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
5.9
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/NZD rating 1.6925 NZD. On the day, this instrument gained +0.05% and was between 1.6896 NZD and 1.6927 NZD. This implies that the price is at +0.17% from its lowest and at -0.01% from its highest.1.6896
1.6927
1.6925
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 15 min. chart of EUR/NZD indicates that the overall trend is bullish. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 15 minutes
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 15 minutes
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Aroon indicator bullish trend
Type : Bullish
Timeframe : 15 minutes
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Resistance of triangle is broken
Type : Bullish
Timeframe : 15 minutes
Horizontal support is broken
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 | 1.6854 | 1.6890 | 1.6920 | 1.6925 | 1.6946 | 1.7014 | 1.7043 |
| Change (%) | -0.42% | -0.21% | -0.03% | - | +0.12% | +0.53% | +0.70% |
| Change | -0.0071 | -0.0035 | -0.0005 | - | +0.0021 | +0.0089 | +0.0118 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | 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 | 1.6718 | 1.6794 | 1.6855 | 1.6931 | 1.6992 | 1.7068 | 1.7129 |
| Camarilla | 1.6879 | 1.6892 | 1.6904 | 1.6917 | 1.6930 | 1.6942 | 1.6955 |
| Woodie | 1.6712 | 1.6790 | 1.6849 | 1.6927 | 1.6986 | 1.7064 | 1.7123 |
| Fibonacci | 1.6794 | 1.6846 | 1.6878 | 1.6931 | 1.6983 | 1.7015 | 1.7068 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6374 | 1.6590 | 1.6717 | 1.6933 | 1.7060 | 1.7276 | 1.7403 |
| Camarilla | 1.6749 | 1.6780 | 1.6812 | 1.6843 | 1.6874 | 1.6906 | 1.6937 |
| Woodie | 1.6329 | 1.6568 | 1.6672 | 1.6911 | 1.7015 | 1.7254 | 1.7358 |
| Fibonacci | 1.6590 | 1.6721 | 1.6802 | 1.6933 | 1.7064 | 1.7145 | 1.7276 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6662 | 1.6872 | 1.7018 | 1.7228 | 1.7374 | 1.7584 | 1.7730 |
| Camarilla | 1.7066 | 1.7099 | 1.7131 | 1.7164 | 1.7197 | 1.7229 | 1.7262 |
| Woodie | 1.6630 | 1.6856 | 1.6986 | 1.7212 | 1.7342 | 1.7568 | 1.7698 |
| Fibonacci | 1.6872 | 1.7008 | 1.7092 | 1.7228 | 1.7364 | 1.7448 | 1.7584 |
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): | 62.97 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 8.0927 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 1.6916 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6903 | |
| Elder Ray (13): | 0.0010 | |
| Super Trend (3,10): | 1.6898 | |
| Zig ZAG (10): | 1.6926 | |
| VORTEX (21): | 1.0802 | |
| Stochastique (14,3,5): | 93.52 | |
| TEMA (21): | 1.6919 | |
| Williams %R (14): | -3.85 | |
| Chande Momentum Oscillator (20): | 0.0009 | |
| Repulse (5,40,3): | 0.0820 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0022 | |
| Courbe Coppock: | 0.05 |
| MA7: | 1.6918 | |
| MA20: | 1.7091 | |
| MA50: | 1.7282 | |
| MA100: | 1.7291 | |
| MAexp7: | 1.6917 | |
| MAexp20: | 1.6912 | |
| MAexp50: | 1.6911 | |
| MAexp100: | 1.6918 | |
| Price / MA7: | +0.04% | |
| Price / MA20: | -0.97% | |
| Price / MA50: | -2.07% | |
| Price / MA100: | -2.12% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.04% |
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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