EUR/NZD - 1H - Technical analysis published on 09/01/2020 (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
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 1.7742 NZD
My targets
1.7603 NZD (-0.0063)
1.7537 NZD (-0.0129)
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 1.7742 NZD. The next support located at 1.7603 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 1.7537 NZD. Below this support, sellers could then target 1.7179 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 confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.8
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This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/NZD rating 1.7666 NZD. The price is lower by -0.36% since the last closing and was between 1.7660 NZD and 1.7754 NZD. This implies that the price is at +0.03% from its lowest and at -0.50% from its highest.1.7660
1.7754
1.7666
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this EUR/NZD chart shows a sharp bearish trend. 82.14% 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. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6840 | 1.7179 | 1.7603 | 1.7666 | 1.7742 | 1.7835 | 1.7924 |
| Change (%) | -4.68% | -2.76% | -0.36% | - | +0.43% | +0.96% | +1.46% |
| Change | -0.0826 | -0.0487 | -0.0063 | - | +0.0076 | +0.0169 | +0.0258 |
| Level | Intermediate | Major | Intermediate | - | Minor | Minor | Major |
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 | 1.7601 | 1.7631 | 1.7681 | 1.7711 | 1.7761 | 1.7791 | 1.7841 |
| Camarilla | 1.7708 | 1.7715 | 1.7723 | 1.7730 | 1.7737 | 1.7745 | 1.7752 |
| Woodie | 1.7610 | 1.7636 | 1.7690 | 1.7716 | 1.7770 | 1.7796 | 1.7850 |
| Fibonacci | 1.7631 | 1.7662 | 1.7681 | 1.7711 | 1.7742 | 1.7761 | 1.7791 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5755 | 1.6444 | 1.6848 | 1.7537 | 1.7941 | 1.8630 | 1.9034 |
| Camarilla | 1.6952 | 1.7053 | 1.7153 | 1.7253 | 1.7353 | 1.7453 | 1.7554 |
| Woodie | 1.5614 | 1.6373 | 1.6707 | 1.7466 | 1.7800 | 1.8559 | 1.8893 |
| Fibonacci | 1.6444 | 1.6861 | 1.7119 | 1.7537 | 1.7954 | 1.8212 | 1.8630 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7551 | 1.7607 | 1.7631 | 1.7687 | 1.7711 | 1.7767 | 1.7791 |
| Camarilla | 1.7634 | 1.7641 | 1.7649 | 1.7656 | 1.7663 | 1.7671 | 1.7678 |
| Woodie | 1.7536 | 1.7599 | 1.7616 | 1.7679 | 1.7696 | 1.7759 | 1.7776 |
| Fibonacci | 1.7607 | 1.7637 | 1.7656 | 1.7687 | 1.7717 | 1.7736 | 1.7767 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.23 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -11.2739 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 1.7705 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7887 | |
| Elder Ray (13): | -0.0019 | |
| Super Trend (3,10): | 1.7782 | |
| Zig ZAG (10): | 1.7672 | |
| VORTEX (21): | 0.9639 | |
| Stochastique (14,3,5): | 24.37 | |
| TEMA (21): | 1.7702 | |
| Williams %R (14): | -96.51 | |
| Chande Momentum Oscillator (20): | -0.0057 | |
| Repulse (5,40,3): | -0.3429 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0002 | |
| Courbe Coppock: | 0.23 |
| MA7: | 1.7586 | |
| MA20: | 1.7865 | |
| MA50: | 1.7627 | |
| MA100: | 1.7691 | |
| MAexp7: | 1.7698 | |
| MAexp20: | 1.7710 | |
| MAexp50: | 1.7725 | |
| MAexp100: | 1.7778 | |
| Price / MA7: | +0.45% | |
| Price / MA20: | -1.11% | |
| Price / MA50: | +0.22% | |
| Price / MA100: | -0.14% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | -0.25% | |
| Price / MAexp50: | -0.34% | |
| Price / MAexp100: | -0.64% |
Quotes :
2020-09-01 14:30:53
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Real time data
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Forex
News
The last news published on EUR/NZD at the time of the generation of this analysis was 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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