EUR/NZD
EUR NZD
- NZD (-)
- Real time data - Forex
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High / Low range: -
Type: Forex
Ticker: EURNZD
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EUR/NZD - 15 min. - Technical analysis published on 08/01/2024 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
33%
11%
56%
My opinion
Bearish under 1.8243 NZD
My targets
1.8111 NZD (-0.0073)
1.8036 NZD (-0.0148)
My analysis
The bearish basic trend is very strong on EUR/NZD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 1.8243 NZD. Crossing the first support at 1.8111 NZD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1.8036 NZD as an objective. Crossing it would then enable sellers to target 1.7904 NZD. Caution, a return to above the resistance located at 1.8243 NZD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.9

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This analysis was given by GCrow. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

EUR/NZD rating 1.8184 NZD. The price registered a decrease of -0.02% on the session and was traded between 1.8167 NZD and 1.8209 NZD over the period. The price is currently at +0.09% from its lowest and -0.14% from its highest.

1.8167
1.8209
1.8184

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of EUR/NZD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : 15 minutes


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 15 minutes



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.7928 1.8081 1.8147 1.8184 1.8204 1.8258 1.8381
Change (%) -1.41% -0.57% -0.20% - +0.11% +0.41% +1.08%
Change -0.0256 -0.0103 -0.0037 - +0.0020 +0.0074 +0.0197
Level Major Minor Major - Minor Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.79041.80361.81111.82431.83181.84501.8525
Camarilla1.81301.81491.81681.81871.82061.82251.8244
Woodie1.78771.80221.80841.82291.82911.84361.8498
Fibonacci1.80361.81151.81641.82431.83221.83711.8450


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.78281.79551.81981.83251.85681.86951.8938
Camarilla1.83401.83741.84081.84421.84761.85101.8544
Woodie1.78871.79841.82571.83541.86271.87241.8997
Fibonacci1.79551.80961.81831.83251.84661.85531.8695


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.68371.72141.77001.80771.85631.89401.9426
Camarilla1.79501.80291.81081.81871.82661.83451.8424
Woodie1.68931.72411.77561.81041.86191.89671.9482
Fibonacci1.72141.75431.77471.80771.84061.86101.8940

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): 52.37
MACD (12,26,9): 0.0001
Directional Movement: 0.5625
AROON (14): 14.2857
DEMA (21): 1.8191
Parabolic SAR (0,02-0,02-0,2): 1.8170
Elder Ray (13): 0.0004
Super Trend (3,10): 1.8210
Zig ZAG (10): 1.8200
VORTEX (21): 1.0476
Stochastique (14,3,5): 65.87
TEMA (21): 1.8197
Williams %R (14): -38.10
Chande Momentum Oscillator (20): 0.0019
Repulse (5,40,3): -0.0238
ROCnROLL: -1
TRIX (15,9): -0.0003
Courbe Coppock: 0.14
MA7: 1.8324
MA20: 1.8059
MA50: 1.7774
MA100: 1.7863
MAexp7: 1.8191
MAexp20: 1.8189
MAexp50: 1.8199
MAexp100: 1.8229
Price / MA7: -0.76%
Price / MA20: +0.69%
Price / MA50: +2.31%
Price / MA100: +1.80%
Price / MAexp7: -0.04%
Price / MAexp20: -0.03%
Price / MAexp50: -0.08%
Price / MAexp100: -0.25%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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