EUR/NZD - 1H - Technical analysis published on 01/13/2021 (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:
Neutral
De fond:
Bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 1.6940 NZD
My targets
1.6895 NZD (-0.0024)
1.6863 NZD (-0.0056)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/NZD. As long as you are under the resistance located at 1.6940 NZD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.6895 NZD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.6863 NZD as an objective. Crossing it would then enable sellers to target 1.6334 NZD. If the resistance 1.6940 NZD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.5
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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
EUR/NZD rating 1.6919 NZD. The price has increased by +0.17% since the last closing and was traded between 1.6873 NZD and 1.6967 NZD over the period. The price is currently at +0.27% from its lowest and -0.28% from its highest.1.6873
1.6967
1.6919
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this EUR/NZD chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
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:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6334 | 1.6863 | 1.6895 | 1.6919 | 1.6940 | 1.6968 | 1.7061 |
| Change (%) | -3.46% | -0.33% | -0.14% | - | +0.12% | +0.29% | +0.84% |
| Change | -0.0585 | -0.0056 | -0.0024 | - | +0.0021 | +0.0049 | +0.0142 |
| Level | Major | Minor | Intermediate | - | Intermediate | Major | 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 | 1.6769 | 1.6824 | 1.6857 | 1.6912 | 1.6945 | 1.7000 | 1.7033 |
| Camarilla | 1.6866 | 1.6874 | 1.6882 | 1.6890 | 1.6898 | 1.6906 | 1.6914 |
| Woodie | 1.6758 | 1.6819 | 1.6846 | 1.6907 | 1.6934 | 1.6995 | 1.7022 |
| Fibonacci | 1.6824 | 1.6858 | 1.6878 | 1.6912 | 1.6946 | 1.6966 | 1.7000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6498 | 1.6672 | 1.6782 | 1.6956 | 1.7066 | 1.7240 | 1.7350 |
| Camarilla | 1.6815 | 1.6841 | 1.6867 | 1.6893 | 1.6919 | 1.6945 | 1.6971 |
| Woodie | 1.6467 | 1.6656 | 1.6751 | 1.6940 | 1.7035 | 1.7224 | 1.7319 |
| Fibonacci | 1.6672 | 1.6780 | 1.6847 | 1.6956 | 1.7064 | 1.7131 | 1.7240 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6426 | 1.6684 | 1.6834 | 1.7092 | 1.7242 | 1.7500 | 1.7650 |
| Camarilla | 1.6873 | 1.6910 | 1.6948 | 1.6985 | 1.7022 | 1.7060 | 1.7097 |
| Woodie | 1.6373 | 1.6657 | 1.6781 | 1.7065 | 1.7189 | 1.7473 | 1.7597 |
| Fibonacci | 1.6684 | 1.6840 | 1.6936 | 1.7092 | 1.7248 | 1.7344 | 1.7500 |
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): | 50.05 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 3.6377 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 1.6925 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6906 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 1.6958 | |
| Zig ZAG (10): | 1.6915 | |
| VORTEX (21): | 1.0273 | |
| Stochastique (14,3,5): | 54.92 | |
| TEMA (21): | 1.6932 | |
| Williams %R (14): | -63.75 | |
| Chande Momentum Oscillator (20): | 0.0015 | |
| Repulse (5,40,3): | -0.1941 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0001 | |
| Courbe Coppock: | 0.41 |
| MA7: | 1.6911 | |
| MA20: | 1.7066 | |
| MA50: | 1.7143 | |
| MA100: | 1.7430 | |
| MAexp7: | 1.6927 | |
| MAexp20: | 1.6923 | |
| MAexp50: | 1.6923 | |
| MAexp100: | 1.6929 | |
| Price / MA7: | +0.05% | |
| Price / MA20: | -0.86% | |
| Price / MA50: | -1.31% | |
| Price / MA100: | -2.93% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | -0.05% |
Quotes :
2021-01-13 17:17:16
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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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