EUR/NZD - Daily - Technical analysis published on 10/19/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 1.6626 NZD
My targets
1.6191 NZD (-0.0118)
1.5936 NZD (-0.0373)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/NZD as long as the price remains well below 1.6626 NZD. The sellers' bearish objective is set at 1.6191 NZD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.5936 NZD. In case of crossing, the next objective would be the support located at 1.5050 NZD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8
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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
The EUR/NZD rating is 1.6309 NZD. On the day, this instrument lost -0.43% and was traded between 1.6294 NZD and 1.6387 NZD over the period. The price is currently at +0.09% from its lowest and -0.48% from its highest.1.6294
1.6387
1.6309
A study of price movements over other periods shows the following variations:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this EUR/NZD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.4001 | 1.5050 | 1.6309 | 1.6345 | 1.6626 | 1.6816 |
| Change (%) | -14.15% | -7.72% | - | +0.22% | +1.94% | +3.11% |
| Change | -0.2308 | -0.1259 | - | +0.0036 | +0.0317 | +0.0507 |
| Level | Minor | Minor | - | Major | Major | Minor |
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 | 1.6209 | 1.6270 | 1.6325 | 1.6386 | 1.6441 | 1.6502 | 1.6557 |
| Camarilla | 1.6347 | 1.6358 | 1.6368 | 1.6379 | 1.6390 | 1.6400 | 1.6411 |
| Woodie | 1.6205 | 1.6269 | 1.6321 | 1.6385 | 1.6437 | 1.6501 | 1.6553 |
| Fibonacci | 1.6270 | 1.6315 | 1.6342 | 1.6386 | 1.6431 | 1.6458 | 1.6502 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5936 | 1.6164 | 1.6279 | 1.6507 | 1.6622 | 1.6850 | 1.6965 |
| Camarilla | 1.6301 | 1.6332 | 1.6364 | 1.6395 | 1.6426 | 1.6458 | 1.6489 |
| Woodie | 1.5881 | 1.6136 | 1.6224 | 1.6479 | 1.6567 | 1.6822 | 1.6910 |
| Fibonacci | 1.6164 | 1.6295 | 1.6376 | 1.6507 | 1.6638 | 1.6719 | 1.6850 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6191 | 1.6361 | 1.6573 | 1.6743 | 1.6955 | 1.7125 | 1.7337 |
| Camarilla | 1.6679 | 1.6714 | 1.6749 | 1.6784 | 1.6819 | 1.6854 | 1.6889 |
| Woodie | 1.6211 | 1.6372 | 1.6593 | 1.6754 | 1.6975 | 1.7136 | 1.7357 |
| Fibonacci | 1.6361 | 1.6507 | 1.6597 | 1.6743 | 1.6889 | 1.6979 | 1.7125 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 27.80 | |
| MACD (12,26,9): | -0.0087 | |
| Directional Movement: | -17.6249 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 1.6492 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6759 | |
| Elder Ray (13): | -0.0200 | |
| Super Trend (3,10): | 1.6685 | |
| Zig ZAG (10): | 1.6298 | |
| VORTEX (21): | 0.8672 | |
| Stochastique (14,3,5): | 3.00 | |
| TEMA (21): | 1.6439 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.0405 | |
| Repulse (5,40,3): | -1.6212 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0379 | |
| Courbe Coppock: | 3.10 |
| MA7: | 1.6497 | |
| MA20: | 1.6641 | |
| MA50: | 1.6721 | |
| MA100: | 1.6824 | |
| MAexp7: | 1.6461 | |
| MAexp20: | 1.6591 | |
| MAexp50: | 1.6692 | |
| MAexp100: | 1.6765 | |
| Price / MA7: | -1.14% | |
| Price / MA20: | -2.00% | |
| Price / MA50: | -2.46% | |
| Price / MA100: | -3.06% | |
| Price / MAexp7: | -0.92% | |
| Price / MAexp20: | -1.69% | |
| Price / MAexp50: | -2.29% | |
| Price / MAexp100: | -2.71% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/NZD at the time of the generation of this analysis 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.
About author
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