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 bearish
De fond:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 1.6931 NZD
My targets
1.6855 NZD (-0.0052)
1.6794 NZD (-0.0113)
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 1.6931 NZD. The next support located at 1.6855 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 1.6794 NZD. Below this support, sellers could then target 1.6718 NZD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.2
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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 1.6907 NZD. The price is lower by -0.06% since the last closing and was traded between 1.6895 NZD and 1.6932 NZD over the period. The price is currently at +0.07% from its lowest and -0.15% from its highest.1.6895
1.6932
1.6907
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of EUR/NZD in 15 min. shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
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 a result that can have an impact on the price change:
Resistance of triangle is broken
Type : Bullish
Timeframe : 15 minutes
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6826 | 1.6854 | 1.6890 | 1.6907 | 1.6920 | 1.6946 | 1.7014 |
| Change (%) | -0.48% | -0.31% | -0.10% | - | +0.08% | +0.23% | +0.63% |
| Change | -0.0081 | -0.0053 | -0.0017 | - | +0.0013 | +0.0039 | +0.0107 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation 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 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): | 46.34 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -5.1851 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 1.6904 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6919 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 1.6927 | |
| Zig ZAG (10): | 1.6907 | |
| VORTEX (21): | 0.8883 | |
| Stochastique (14,3,5): | 13.98 | |
| TEMA (21): | 1.6900 | |
| Williams %R (14): | -64.52 | |
| Chande Momentum Oscillator (20): | -0.0007 | |
| Repulse (5,40,3): | 0.0224 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0028 | |
| Courbe Coppock: | 0.18 |
| MA7: | 1.6916 | |
| MA20: | 1.7090 | |
| MA50: | 1.7282 | |
| MA100: | 1.7291 | |
| MAexp7: | 1.6904 | |
| MAexp20: | 1.6909 | |
| MAexp50: | 1.6913 | |
| MAexp100: | 1.6916 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | -1.07% | |
| Price / MA50: | -2.17% | |
| Price / MA100: | -2.22% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0.05% |
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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