EUR/NZD - 1H - Technical analysis published on 03/09/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 1.6653 NZD
My targets
1.6585 NZD (-0.0029)
1.6534 NZD (-0.0080)
My analysis
In the short term, we can see an acceleration in the bearish trend on EUR/NZD, which is a positive signal for sellers. As long as the price remains above 1.6653 NZD, a sale could be considered. The first bearish objective is located at 1.6585 NZD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.6534 NZD as an objective. Crossing it would then enable sellers to target 1.6500 NZD. If the price were to return above 1.6653 NZD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be 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
5.4
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This analysis was given by Remo. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/NZD price is 1.6614 NZD. The price registered a decrease of -0.01% on the session and was traded between 1.6589 NZD and 1.6675 NZD over the period. The price is currently at +0.15% from its lowest and -0.37% from its highest.1.6589
1.6675
1.6614
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 bearish. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 1.6500 | 1.6534 | 1.6585 | 1.6614 | 1.6653 | 1.6704 | 1.6758 |
| Change (%) | -0.69% | -0.48% | -0.17% | - | +0.23% | +0.54% | +0.87% |
| Change | -0.0114 | -0.0080 | -0.0029 | - | +0.0039 | +0.0090 | +0.0144 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6445 | 1.6515 | 1.6565 | 1.6635 | 1.6685 | 1.6755 | 1.6805 |
| Camarilla | 1.6583 | 1.6594 | 1.6605 | 1.6616 | 1.6627 | 1.6638 | 1.6649 |
| Woodie | 1.6436 | 1.6510 | 1.6556 | 1.6630 | 1.6676 | 1.6750 | 1.6796 |
| Fibonacci | 1.6515 | 1.6561 | 1.6589 | 1.6635 | 1.6681 | 1.6709 | 1.6755 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6290 | 1.6412 | 1.6514 | 1.6636 | 1.6738 | 1.6860 | 1.6962 |
| Camarilla | 1.6554 | 1.6575 | 1.6596 | 1.6616 | 1.6637 | 1.6657 | 1.6678 |
| Woodie | 1.6280 | 1.6407 | 1.6504 | 1.6631 | 1.6728 | 1.6855 | 1.6952 |
| Fibonacci | 1.6412 | 1.6498 | 1.6550 | 1.6636 | 1.6722 | 1.6774 | 1.6860 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5729 | 1.6025 | 1.6359 | 1.6655 | 1.6989 | 1.7285 | 1.7619 |
| Camarilla | 1.6519 | 1.6577 | 1.6634 | 1.6692 | 1.6750 | 1.6808 | 1.6865 |
| Woodie | 1.5747 | 1.6035 | 1.6377 | 1.6665 | 1.7007 | 1.7295 | 1.7637 |
| Fibonacci | 1.6025 | 1.6266 | 1.6415 | 1.6655 | 1.6896 | 1.7045 | 1.7285 |
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): | 46.30 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | 4.7917 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 1.6616 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6649 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 1.6688 | |
| Zig ZAG (10): | 1.6614 | |
| VORTEX (21): | 1.0084 | |
| Stochastique (14,3,5): | 34.50 | |
| TEMA (21): | 1.6612 | |
| Williams %R (14): | -70.93 | |
| Chande Momentum Oscillator (20): | -0.0035 | |
| Repulse (5,40,3): | -0.0163 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0052 | |
| Courbe Coppock: | 0.30 |
| MA7: | 1.6618 | |
| MA20: | 1.6655 | |
| MA50: | 1.6793 | |
| MA100: | 1.7050 | |
| MAexp7: | 1.6616 | |
| MAexp20: | 1.6624 | |
| MAexp50: | 1.6633 | |
| MAexp100: | 1.6629 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | -0.25% | |
| Price / MA50: | -1.07% | |
| Price / MA100: | -2.56% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.09% |
Quotes :
2021-03-09 17:01:52
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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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