EUR/NZD - 1H - Technical analysis published on 09/15/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 1.7711 NZD
My targets
1.7594 NZD (-0.0091)
1.7470 NZD (-0.0215)
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 1.7711 NZD. The next support located at 1.7594 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 1.7470 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/NZD rating is 1.7685 NZD. The price registered a decrease of -0.19% on the session with the lowest point at 1.7678 NZD and the highest point at 1.7758 NZD. The deviation from the price is +0.04% for the low point and -0.41% for the high point.1.7678
1.7758
1.7685
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of EUR/NZD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from 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 to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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:
Horizontal support is broken
Type : Bearish
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 | 1.7470 | 1.7594 | 1.7670 | 1.7685 | 1.7711 | 1.7752 | 1.7815 |
| Change (%) | -1.22% | -0.51% | -0.08% | - | +0.15% | +0.38% | +0.74% |
| Change | -0.0215 | -0.0091 | -0.0015 | - | +0.0026 | +0.0067 | +0.0130 |
| Level | Minor | Intermediate | Intermediate | - | 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 | 1.7574 | 1.7625 | 1.7672 | 1.7723 | 1.7770 | 1.7821 | 1.7868 |
| Camarilla | 1.7692 | 1.7701 | 1.7710 | 1.7719 | 1.7728 | 1.7737 | 1.7746 |
| Woodie | 1.7572 | 1.7624 | 1.7670 | 1.7722 | 1.7768 | 1.7820 | 1.7866 |
| Fibonacci | 1.7625 | 1.7662 | 1.7686 | 1.7723 | 1.7760 | 1.7784 | 1.7821 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7425 | 1.7520 | 1.7644 | 1.7739 | 1.7863 | 1.7958 | 1.8082 |
| Camarilla | 1.7708 | 1.7728 | 1.7748 | 1.7768 | 1.7788 | 1.7808 | 1.7828 |
| Woodie | 1.7440 | 1.7527 | 1.7659 | 1.7746 | 1.7878 | 1.7965 | 1.8097 |
| Fibonacci | 1.7520 | 1.7604 | 1.7655 | 1.7739 | 1.7823 | 1.7874 | 1.7958 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6928 | 1.7287 | 1.7508 | 1.7867 | 1.8088 | 1.8447 | 1.8668 |
| Camarilla | 1.7571 | 1.7624 | 1.7677 | 1.7730 | 1.7783 | 1.7836 | 1.7890 |
| Woodie | 1.6860 | 1.7253 | 1.7440 | 1.7833 | 1.8020 | 1.8413 | 1.8600 |
| Fibonacci | 1.7287 | 1.7508 | 1.7645 | 1.7867 | 1.8088 | 1.8225 | 1.8447 |
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): | 40.10 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -1.5197 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 1.7695 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7756 | |
| Elder Ray (13): | -0.0015 | |
| Super Trend (3,10): | 1.7746 | |
| Zig ZAG (10): | 1.7689 | |
| VORTEX (21): | 0.9291 | |
| Stochastique (14,3,5): | 14.71 | |
| TEMA (21): | 1.7696 | |
| Williams %R (14): | -91.25 | |
| Chande Momentum Oscillator (20): | 0.0000 | |
| Repulse (5,40,3): | -0.1250 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0054 | |
| Courbe Coppock: | 0.02 |
| MA7: | 1.7728 | |
| MA20: | 1.7797 | |
| MA50: | 1.7703 | |
| MA100: | 1.7674 | |
| MAexp7: | 1.7698 | |
| MAexp20: | 1.7705 | |
| MAexp50: | 1.7717 | |
| MAexp100: | 1.7718 | |
| Price / MA7: | -0.24% | |
| Price / MA20: | -0.63% | |
| Price / MA50: | -0.10% | |
| Price / MA100: | +0.06% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.19% |
Quotes :
2020-09-15 06:52:06
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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.
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