EUR/NZD

- NZD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Forex
Ticker:	EURNZD
ISIN:

EUR/NZD - Daily - Technical analysis published on 08/25/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bearish

Technical indicators

44%

22%

33%

My opinion

Bearish under 1.7023 NZD

My targets

1.6627 NZD (-0.0260)

1.6523 NZD (-0.0364)

My analysis

There is a bearish trend on EUR/NZD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 1.7023 NZD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 1.6627 NZD. Then the price could move towards 1.6523 NZD. Then 1.6336 NZD by extension. Be careful, a return to above the resistance 1.7023 NZD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

2.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EUR/NZD rating 1.6887 NZD. On the day, this instrument lost -0.33% with the lowest point at 1.6863 NZD and the highest point at 1.6943 NZD. The deviation from the price is +0.14% for the low point and -0.33% for the high point.

1.6863

1.6943

1.6887

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

Here is a more detailed summary of the historical variations registered by EUR/NZD:

Technical

Technical analysis of this Daily chart of EUR/NZD indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Daily

In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 6 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Horizontal support is broken

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.6336	1.6523	1.6627	1.6887	1.7023	1.7105	1.7275
Change (%)	-3.26%	-2.16%	-1.54%	-	+0.81%	+1.29%	+2.30%
Change	-0.0551	-0.0364	-0.0260	-	+0.0136	+0.0218	+0.0388
Level	Major	Minor	Intermediate	-	Major	Major	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	1.6678	1.6780	1.6861	1.6963	1.7044	1.7146	1.7227
Camarilla	1.6892	1.6909	1.6925	1.6942	1.6959	1.6976	1.6992
Woodie	1.6668	1.6775	1.6851	1.6958	1.7034	1.7141	1.7217
Fibonacci	1.6780	1.6850	1.6893	1.6963	1.7033	1.7076	1.7146

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.6422	1.6579	1.6850	1.7007	1.7278	1.7435	1.7706
Camarilla	1.7003	1.7043	1.7082	1.7121	1.7160	1.7200	1.7239
Woodie	1.6479	1.6608	1.6907	1.7036	1.7335	1.7464	1.7763
Fibonacci	1.6579	1.6743	1.6844	1.7007	1.7171	1.7272	1.7435

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.6370	1.6532	1.6776	1.6938	1.7182	1.7344	1.7588
Camarilla	1.6908	1.6946	1.6983	1.7020	1.7057	1.7094	1.7132
Woodie	1.6411	1.6553	1.6817	1.6959	1.7223	1.7365	1.7629
Fibonacci	1.6532	1.6687	1.6783	1.6938	1.7093	1.7189	1.7344

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):	48.55
MACD (12,26,9):	0.0022
Directional Movement:	-0.3678
AROON (14):	50.0000
DEMA (21):	1.6935
Parabolic SAR (0,02-0,02-0,2):	1.6799
Elder Ray (13):	-0.0027
Super Trend (3,10):	1.6738
Zig ZAG (10):	1.6888
VORTEX (21):	1.0016
Stochastique (14,3,5):	60.23
TEMA (21):	1.6964
Williams %R (14):	-52.58
Chande Momentum Oscillator (20):	0.0104
Repulse (5,40,3):	-0.7808
ROCnROLL:	2
TRIX (15,9):	0.0003
Courbe Coppock:	1.36

MA7:	1.7006
MA20:	1.6886
MA50:	1.6919
MA100:	1.6877
MAexp7:	1.6955
MAexp20:	1.6916
MAexp50:	1.6902
MAexp100:	1.6898
Price / MA7:	-0.70%
Price / MA20:	+0.01%
Price / MA50:	-0.19%
Price / MA100:	+0.06%
Price / MAexp7:	-0.40%
Price / MAexp20:	-0.17%
Price / MAexp50:	-0.09%
Price / MAexp100:	-0.07%

Quotes : - Real time data - Forex

News

The last news published on EUR/NZD at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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