EUR/NZD - 1H - Technical analysis published on 11/12/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 1.6969 NZD
My targets
1.6910 NZD (-0.0017)
1.6875 NZD (-0.0052)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/NZD as long as the price remains well below 1.6969 NZD. The sellers' bearish objective is set at 1.6910 NZD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.6875 NZD. In case of crossing, the next objective would be the support located at 1.6810 NZD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.8
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This analysis was given by vishr. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/NZD rating 1.6927 NZD. The price is lower by -0.06% since the last closing and was between 1.6898 NZD and 1.7045 NZD. This implies that the price is at +0.17% from its lowest and at -0.69% from its highest.1.6898
1.7045
1.6927
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/NZD chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by 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 does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6810 | 1.6875 | 1.6910 | 1.6927 | 1.6969 | 1.7007 | 1.7046 |
| Change (%) | -0.69% | -0.31% | -0.10% | - | +0.25% | +0.47% | +0.70% |
| Change | -0.0117 | -0.0052 | -0.0017 | - | +0.0042 | +0.0080 | +0.0119 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6721 | 1.6810 | 1.6868 | 1.6957 | 1.7015 | 1.7104 | 1.7162 |
| Camarilla | 1.6887 | 1.6900 | 1.6914 | 1.6927 | 1.6941 | 1.6954 | 1.6967 |
| Woodie | 1.6707 | 1.6802 | 1.6854 | 1.6949 | 1.7001 | 1.7096 | 1.7148 |
| Fibonacci | 1.6810 | 1.6866 | 1.6901 | 1.6957 | 1.7013 | 1.7048 | 1.7104 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6483 | 1.6646 | 1.6787 | 1.6950 | 1.7091 | 1.7254 | 1.7395 |
| Camarilla | 1.6843 | 1.6871 | 1.6899 | 1.6927 | 1.6955 | 1.6983 | 1.7011 |
| Woodie | 1.6471 | 1.6641 | 1.6775 | 1.6945 | 1.7079 | 1.7249 | 1.7383 |
| Fibonacci | 1.6646 | 1.6763 | 1.6834 | 1.6950 | 1.7067 | 1.7138 | 1.7254 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6189 | 1.6576 | 1.6775 | 1.7162 | 1.7361 | 1.7748 | 1.7947 |
| Camarilla | 1.6812 | 1.6866 | 1.6919 | 1.6973 | 1.7027 | 1.7080 | 1.7134 |
| Woodie | 1.6094 | 1.6529 | 1.6680 | 1.7115 | 1.7266 | 1.7701 | 1.7852 |
| Fibonacci | 1.6576 | 1.6800 | 1.6939 | 1.7162 | 1.7386 | 1.7525 | 1.7748 |
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): | 44.69 | |
| MACD (12,26,9): | -0.0014 | |
| Directional Movement: | -5.2193 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.6926 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6994 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 1.7035 | |
| Zig ZAG (10): | 1.6927 | |
| VORTEX (21): | 0.9830 | |
| Stochastique (14,3,5): | 18.14 | |
| TEMA (21): | 1.6920 | |
| Williams %R (14): | -80.27 | |
| Chande Momentum Oscillator (20): | -0.0042 | |
| Repulse (5,40,3): | 0.0218 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0096 | |
| Courbe Coppock: | 0.36 |
| MA7: | 1.6909 | |
| MA20: | 1.7086 | |
| MA50: | 1.7006 | |
| MA100: | 1.6672 | |
| MAexp7: | 1.6928 | |
| MAexp20: | 1.6944 | |
| MAexp50: | 1.6957 | |
| MAexp100: | 1.6950 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | -0.93% | |
| Price / MA50: | -0.46% | |
| Price / MA100: | +1.53% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.14% |
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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