EUR/NZD - 1H - Technical analysis published on 09/13/2021 (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
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 1.6627 NZD
My targets
1.6570 NZD (-0.0025)
1.6523 NZD (-0.0072)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.6627 NZD remains possible. It is advisable to trade EUR/NZD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.6627 NZD. The next bearish objective for sellers is set at 1.6570 NZD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.6523 NZD. In case of crossing, the next objective would be the support located at 1.6336 NZD. PS: if there is a bullish break in the resistance located at 1.6627 NZD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2
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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 1.6595 NZD. The price registered a decrease of -0.08% on the session and was traded between 1.6554 NZD and 1.6628 NZD over the period. The price is currently at +0.25% from its lowest and -0.20% from its highest.1.6554
1.6628
1.6595
Here is a more detailed summary of the historical variations registered by EUR/NZD:
Technical
Technical analysis of this 1H chart of EUR/NZD indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6336 | 1.6523 | 1.6570 | 1.6595 | 1.6598 | 1.6627 | 1.6671 |
| Change (%) | -1.56% | -0.43% | -0.15% | - | +0.02% | +0.19% | +0.46% |
| Change | -0.0259 | -0.0072 | -0.0025 | - | +0.0003 | +0.0032 | +0.0076 |
| Level | Major | Intermediate | Intermediate | - | Minor | 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 | 1.6397 | 1.6464 | 1.6537 | 1.6604 | 1.6677 | 1.6744 | 1.6817 |
| Camarilla | 1.6571 | 1.6583 | 1.6596 | 1.6609 | 1.6622 | 1.6635 | 1.6648 |
| Woodie | 1.6399 | 1.6466 | 1.6539 | 1.6606 | 1.6679 | 1.6746 | 1.6819 |
| Fibonacci | 1.6464 | 1.6518 | 1.6551 | 1.6604 | 1.6658 | 1.6691 | 1.6744 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6351 | 1.6442 | 1.6525 | 1.6616 | 1.6699 | 1.6790 | 1.6873 |
| Camarilla | 1.6561 | 1.6577 | 1.6593 | 1.6609 | 1.6625 | 1.6641 | 1.6657 |
| Woodie | 1.6348 | 1.6440 | 1.6522 | 1.6614 | 1.6696 | 1.6788 | 1.6870 |
| Fibonacci | 1.6442 | 1.6508 | 1.6549 | 1.6616 | 1.6682 | 1.6723 | 1.6790 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6016 | 1.6328 | 1.6539 | 1.6851 | 1.7062 | 1.7374 | 1.7585 |
| Camarilla | 1.6605 | 1.6653 | 1.6701 | 1.6749 | 1.6797 | 1.6845 | 1.6893 |
| Woodie | 1.5965 | 1.6303 | 1.6488 | 1.6826 | 1.7011 | 1.7349 | 1.7534 |
| Fibonacci | 1.6328 | 1.6528 | 1.6652 | 1.6851 | 1.7051 | 1.7175 | 1.7374 |
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): | 51.57 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | 0.2643 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.6581 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6554 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 1.6554 | |
| Zig ZAG (10): | 1.6596 | |
| VORTEX (21): | 0.9836 | |
| Stochastique (14,3,5): | 36.49 | |
| TEMA (21): | 1.6581 | |
| Williams %R (14): | -45.95 | |
| Chande Momentum Oscillator (20): | -0.0022 | |
| Repulse (5,40,3): | 0.1271 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0037 | |
| Courbe Coppock: | 0.27 |
| MA7: | 1.6631 | |
| MA20: | 1.6814 | |
| MA50: | 1.6854 | |
| MA100: | 1.6865 | |
| MAexp7: | 1.6582 | |
| MAexp20: | 1.6588 | |
| MAexp50: | 1.6600 | |
| MAexp100: | 1.6620 | |
| Price / MA7: | -0.22% | |
| Price / MA20: | -1.30% | |
| Price / MA50: | -1.54% | |
| Price / MA100: | -1.60% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.15% |
Quotes :
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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.
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