EUR/NZD - 1H - Technical analysis published on 11/26/2020 (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:
Bearish
De fond:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 1.7097 NZD
My targets
1.6985 NZD (-0.0022)
1.6947 NZD (-0.0060)
My analysis
The bearish basic trend is very strong on EUR/NZD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 1.7097 NZD. Crossing the first support at 1.6985 NZD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1.6947 NZD as an objective. Crossing it would then enable sellers to target 1.6334 NZD. Caution, a return to above the resistance located at 1.7097 NZD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
6.4
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This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/NZD price is 1.7007 NZD. On the day, this instrument lost -0.05% with the lowest point at 1.6989 NZD and the highest point at 1.7050 NZD. The deviation from the price is +0.11% for the low point and -0.25% for the high point.1.6989
1.7050
1.7007
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
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 showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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 several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle 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 | 1.6334 | 1.6947 | 1.6985 | 1.7007 | 1.7013 | 1.7097 | 1.7143 |
| Change (%) | -3.96% | -0.35% | -0.13% | - | +0.04% | +0.53% | +0.80% |
| Change | -0.0673 | -0.0060 | -0.0022 | - | +0.0006 | +0.0090 | +0.0136 |
| Level | Major | Major | Minor | - | Minor | Minor | Intermediate |
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 | 1.6856 | 1.6921 | 1.6968 | 1.7033 | 1.7080 | 1.7145 | 1.7192 |
| Camarilla | 1.6985 | 1.6996 | 1.7006 | 1.7016 | 1.7026 | 1.7037 | 1.7047 |
| Woodie | 1.6848 | 1.6917 | 1.6960 | 1.7029 | 1.7072 | 1.7141 | 1.7184 |
| Fibonacci | 1.6921 | 1.6964 | 1.6990 | 1.7033 | 1.7076 | 1.7102 | 1.7145 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6759 | 1.6909 | 1.7010 | 1.7160 | 1.7261 | 1.7411 | 1.7512 |
| Camarilla | 1.7043 | 1.7066 | 1.7089 | 1.7112 | 1.7135 | 1.7158 | 1.7181 |
| Woodie | 1.6736 | 1.6897 | 1.6987 | 1.7148 | 1.7238 | 1.7399 | 1.7489 |
| Fibonacci | 1.6909 | 1.7005 | 1.7064 | 1.7160 | 1.7256 | 1.7315 | 1.7411 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 39.30 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -10.6846 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 1.7008 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7043 | |
| Elder Ray (13): | -0.0013 | |
| Super Trend (3,10): | 1.7058 | |
| Zig ZAG (10): | 1.7003 | |
| VORTEX (21): | 1.0027 | |
| Stochastique (14,3,5): | 18.30 | |
| TEMA (21): | 1.7006 | |
| Williams %R (14): | -75.41 | |
| Chande Momentum Oscillator (20): | -0.0021 | |
| Repulse (5,40,3): | -0.0212 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0047 | |
| Courbe Coppock: | 0.02 |
| MA7: | 1.7082 | |
| MA20: | 1.7268 | |
| MA50: | 1.7548 | |
| MA100: | 1.7632 | |
| MAexp7: | 1.7008 | |
| MAexp20: | 1.7017 | |
| MAexp50: | 1.7031 | |
| MAexp100: | 1.7056 | |
| Price / MA7: | -0.44% | |
| Price / MA20: | -1.51% | |
| Price / MA50: | -3.08% | |
| Price / MA100: | -3.54% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.29% |
Quotes :
2020-11-26 13:54:57
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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:
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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