EUR/NZD - 1H - Technical analysis published on 08/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 1.8204 NZD
My targets
1.8147 NZD (-0.0038)
1.8081 NZD (-0.0104)
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 1.8204 NZD. The next support located at 1.8147 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 1.8081 NZD. Below this support, sellers could then target 1.7928 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by GCrow. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/NZD price is 1.8185 NZD. The price registered a decrease of -0.01% on the session and was between 1.8167 NZD and 1.8209 NZD. This implies that the price is at +0.10% from its lowest and at -0.13% from its highest.1.8167
1.8209
1.8185
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/NZD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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 detector scanner for these technical indicators recently detected a signal:
Pivot points : price is under support 1
Type : Neutral
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:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
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 | 1.7928 | 1.8081 | 1.8147 | 1.8185 | 1.8204 | 1.8258 | 1.8381 |
| Change (%) | -1.41% | -0.57% | -0.21% | - | +0.10% | +0.40% | +1.08% |
| Change | -0.0257 | -0.0104 | -0.0038 | - | +0.0019 | +0.0073 | +0.0196 |
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7904 | 1.8036 | 1.8111 | 1.8243 | 1.8318 | 1.8450 | 1.8525 |
| Camarilla | 1.8130 | 1.8149 | 1.8168 | 1.8187 | 1.8206 | 1.8225 | 1.8244 |
| Woodie | 1.7877 | 1.8022 | 1.8084 | 1.8229 | 1.8291 | 1.8436 | 1.8498 |
| Fibonacci | 1.8036 | 1.8115 | 1.8164 | 1.8243 | 1.8322 | 1.8371 | 1.8450 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7828 | 1.7955 | 1.8198 | 1.8325 | 1.8568 | 1.8695 | 1.8938 |
| Camarilla | 1.8340 | 1.8374 | 1.8408 | 1.8442 | 1.8476 | 1.8510 | 1.8544 |
| Woodie | 1.7887 | 1.7984 | 1.8257 | 1.8354 | 1.8627 | 1.8724 | 1.8997 |
| Fibonacci | 1.7955 | 1.8096 | 1.8183 | 1.8325 | 1.8466 | 1.8553 | 1.8695 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6837 | 1.7214 | 1.7700 | 1.8077 | 1.8563 | 1.8940 | 1.9426 |
| Camarilla | 1.7950 | 1.8029 | 1.8108 | 1.8187 | 1.8266 | 1.8345 | 1.8424 |
| Woodie | 1.6893 | 1.7241 | 1.7756 | 1.8104 | 1.8619 | 1.8967 | 1.9482 |
| Fibonacci | 1.7214 | 1.7543 | 1.7747 | 1.8077 | 1.8406 | 1.8610 | 1.8940 |
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): | 36.74 | |
| MACD (12,26,9): | -0.0030 | |
| Directional Movement: | -7.1764 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 1.8168 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.8168 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 1.8262 | |
| Zig ZAG (10): | 1.8187 | |
| VORTEX (21): | 0.8686 | |
| Stochastique (14,3,5): | 36.23 | |
| TEMA (21): | 1.8168 | |
| Williams %R (14): | -54.35 | |
| Chande Momentum Oscillator (20): | 0.0007 | |
| Repulse (5,40,3): | -0.0079 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0279 | |
| Courbe Coppock: | 0.50 |
| MA7: | 1.8324 | |
| MA20: | 1.8058 | |
| MA50: | 1.7774 | |
| MA100: | 1.7863 | |
| MAexp7: | 1.8188 | |
| MAexp20: | 1.8210 | |
| MAexp50: | 1.8267 | |
| MAexp100: | 1.8300 | |
| Price / MA7: | -0.76% | |
| Price / MA20: | +0.70% | |
| Price / MA50: | +2.31% | |
| Price / MA100: | +1.80% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.45% | |
| Price / MAexp100: | -0.63% |
Quotes :
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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 June 7, 2024
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EUR/NZD Forecast May 23, 2024
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EUR/NZD Forecast March 22, 2024
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iFOREX Market Headlines 14-03-2017: USD, EUR/NZD and Alibaba.
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EUR/NZD Focus
This member declared not having a position on this financial instrument or a related financial instrument.
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