EUR/NZD - 1H - Technical analysis published on 11/20/2020 (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
11%
67%
22%
My opinion
Bearish under 1.7179 NZD
My targets
1.7087 NZD (-0.0060)
1.7047 NZD (-0.0100)
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 1.7179 NZD. The next support located at 1.7087 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 1.7047 NZD. Below this support, sellers could then target 1.6334 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.5
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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 1.7147 NZD. On the day, this instrument lost -0.21% and was between 1.7138 NZD and 1.7191 NZD. This implies that the price is at +0.05% from its lowest and at -0.26% from its highest.1.7138
1.7191
1.7147
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/NZD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.7047 | 1.7087 | 1.7145 | 1.7147 | 1.7179 | 1.7274 | 1.7309 |
| Change (%) | -0.58% | -0.35% | -0.01% | - | +0.19% | +0.74% | +0.94% |
| Change | -0.0100 | -0.0060 | -0.0002 | - | +0.0032 | +0.0127 | +0.0162 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7058 | 1.7086 | 1.7134 | 1.7162 | 1.7210 | 1.7238 | 1.7286 |
| Camarilla | 1.7162 | 1.7169 | 1.7176 | 1.7183 | 1.7190 | 1.7197 | 1.7204 |
| Woodie | 1.7069 | 1.7091 | 1.7145 | 1.7167 | 1.7221 | 1.7243 | 1.7297 |
| Fibonacci | 1.7086 | 1.7115 | 1.7133 | 1.7162 | 1.7191 | 1.7209 | 1.7238 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6560 | 1.6804 | 1.7044 | 1.7288 | 1.7528 | 1.7772 | 1.8012 |
| Camarilla | 1.7152 | 1.7196 | 1.7241 | 1.7285 | 1.7329 | 1.7374 | 1.7418 |
| Woodie | 1.6559 | 1.6803 | 1.7043 | 1.7287 | 1.7527 | 1.7771 | 1.8011 |
| Fibonacci | 1.6804 | 1.6989 | 1.7103 | 1.7288 | 1.7473 | 1.7587 | 1.7772 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6913 | 1.7219 | 1.7412 | 1.7718 | 1.7911 | 1.8217 | 1.8410 |
| Camarilla | 1.7469 | 1.7515 | 1.7560 | 1.7606 | 1.7652 | 1.7698 | 1.7743 |
| Woodie | 1.6858 | 1.7191 | 1.7357 | 1.7690 | 1.7856 | 1.8189 | 1.8355 |
| Fibonacci | 1.7219 | 1.7409 | 1.7527 | 1.7718 | 1.7908 | 1.8026 | 1.8217 |
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): | 41.63 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -6.4520 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.7158 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7187 | |
| Elder Ray (13): | -0.0014 | |
| Super Trend (3,10): | 1.7113 | |
| Zig ZAG (10): | 1.7147 | |
| VORTEX (21): | 0.9327 | |
| Stochastique (14,3,5): | 20.39 | |
| TEMA (21): | 1.7159 | |
| Williams %R (14): | -86.79 | |
| Chande Momentum Oscillator (20): | -0.0006 | |
| Repulse (5,40,3): | -0.0658 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0015 | |
| Courbe Coppock: | 0.02 |
| MA7: | 1.7198 | |
| MA20: | 1.7390 | |
| MA50: | 1.7595 | |
| MA100: | 1.7639 | |
| MAexp7: | 1.7155 | |
| MAexp20: | 1.7159 | |
| MAexp50: | 1.7165 | |
| MAexp100: | 1.7183 | |
| Price / MA7: | -0.30% | |
| Price / MA20: | -1.40% | |
| Price / MA50: | -2.55% | |
| Price / MA100: | -2.79% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.22% |
Quotes :
2020-11-20 07:47:58
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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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