EUR/NZD - Daily - Technical analysis published on 04/15/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 1.7829 NZD
My targets
1.8148 NZD (+0.0152)
1.8243 NZD (+0.0247)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on EUR/NZD as long as the price remains well above 1.7829 NZD. The buyers' bullish objective is set at 1.8148 NZD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.8243 NZD. If there is any crossing, the next objective would be the resistance located at 1.8381 NZD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
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
5.4
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This analysis was given by robbbinbanks. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/NZD rating 1.7996 NZD. The price has increased by +0.39% since the last closing with the lowest point at 1.7888 NZD and the highest point at 1.7998 NZD. The deviation from the price is +0.60% for the low point and -0.01% for the high point.1.7888
1.7998
1.7996
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/NZD in Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
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 | 1.7727 | 1.7829 | 1.7928 | 1.7996 | 1.8065 | 1.8148 | 1.8243 |
| Change (%) | -1.49% | -0.93% | -0.38% | - | +0.38% | +0.84% | +1.37% |
| Change | -0.0269 | -0.0167 | -0.0068 | - | +0.0069 | +0.0152 | +0.0247 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Intermediate |
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 | 1.7781 | 1.7813 | 1.7870 | 1.7902 | 1.7959 | 1.7991 | 1.8048 |
| Camarilla | 1.7903 | 1.7911 | 1.7919 | 1.7927 | 1.7935 | 1.7943 | 1.7952 |
| Woodie | 1.7794 | 1.7819 | 1.7883 | 1.7908 | 1.7972 | 1.7997 | 1.8061 |
| Fibonacci | 1.7813 | 1.7847 | 1.7868 | 1.7902 | 1.7936 | 1.7957 | 1.7991 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7609 | 1.7727 | 1.7827 | 1.7945 | 1.8045 | 1.8163 | 1.8263 |
| Camarilla | 1.7867 | 1.7887 | 1.7907 | 1.7927 | 1.7947 | 1.7967 | 1.7987 |
| Woodie | 1.7600 | 1.7723 | 1.7818 | 1.7941 | 1.8036 | 1.8159 | 1.8254 |
| Fibonacci | 1.7727 | 1.7810 | 1.7862 | 1.7945 | 1.8028 | 1.8080 | 1.8163 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7255 | 1.7440 | 1.7730 | 1.7915 | 1.8205 | 1.8390 | 1.8680 |
| Camarilla | 1.7888 | 1.7932 | 1.7976 | 1.8019 | 1.8063 | 1.8106 | 1.8150 |
| Woodie | 1.7307 | 1.7466 | 1.7782 | 1.7941 | 1.8257 | 1.8416 | 1.8732 |
| Fibonacci | 1.7440 | 1.7622 | 1.7734 | 1.7915 | 1.8097 | 1.8209 | 1.8390 |
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): | 55.65 | |
| MACD (12,26,9): | 0.0036 | |
| Directional Movement: | 4.1625 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 1.8009 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.8016 | |
| Elder Ray (13): | -0.0022 | |
| Super Trend (3,10): | 1.7820 | |
| Zig ZAG (10): | 1.7998 | |
| VORTEX (21): | 1.0669 | |
| Stochastique (14,3,5): | 33.03 | |
| TEMA (21): | 1.7988 | |
| Williams %R (14): | -40.63 | |
| Chande Momentum Oscillator (20): | -0.0067 | |
| Repulse (5,40,3): | 0.6832 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0497 | |
| Courbe Coppock: | 0.49 |
| MA7: | 1.7957 | |
| MA20: | 1.7996 | |
| MA50: | 1.7801 | |
| MA100: | 1.7723 | |
| MAexp7: | 1.7960 | |
| MAexp20: | 1.7949 | |
| MAexp50: | 1.7863 | |
| MAexp100: | 1.7814 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | -0% | |
| Price / MA50: | +1.10% | |
| Price / MA100: | +1.54% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | +0.74% | |
| Price / MAexp100: | +1.02% |
Quotes :
-
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:
-
EUR/NZD Forecast March 22, 2024
-
iFOREX Market Headlines 14-03-2017: USD, EUR/NZD and Alibaba.
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EUR/NZD Focus
-
EURNZD Triangle
This member declared not having a position on this financial instrument or a related financial instrument.
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