EUR/NZD
EUR NZD
- NZD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURNZD
ISIN:

EUR/NZD - 1H - Technical analysis published on 03/08/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
44%
6%
50%
My opinion
Bearish under 1.6016 NZD
My targets
1.5633 NZD (-0.0257)
1.5338 NZD (-0.0552)
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 1.6016 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 1.6016 NZD. The next bearish objective for sellers is set at 1.5633 NZD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.5338 NZD. In case of crossing, the next objective would be the support located at 1.5050 NZD. PS: if there is a bullish break in the resistance located at 1.6016 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 opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.3

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 pyxis2025. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/NZD rating is 1.5890 NZD. On the day, this instrument lost -0.02% and was between 1.5888 NZD and 1.5897 NZD. This implies that the price is at +0.01% from its lowest and at -0.04% from its highest.

1.5888
1.5897
1.5890

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of EUR/NZD indicates that the overall trend is bearish. 71.43% 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 shows a slightly bullish signal.
The Central Indicators scanner found this result concerning these indicators:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 1.4001 1.5050 1.5890 1.6120 1.6339 1.6428
Change (%) -11.89% -5.29% - +1.45% +2.83% +3.39%
Change -0.1889 -0.0840 - +0.0230 +0.0449 +0.0538
Level Minor Minor - Intermediate Major Intermediate



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
Standard1.53651.55041.56981.58371.60311.61701.6364
Camarilla1.58011.58321.58631.58931.59241.59541.5985
Woodie1.53941.55181.57271.58511.60601.61841.6393
Fibonacci1.55041.56311.57101.58371.59641.60431.6170


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.47881.53381.56331.61831.64781.70281.7323
Camarilla1.56961.57731.58511.59281.60061.60831.6160
Woodie1.46611.52741.55061.61191.63511.69641.7196
Fibonacci1.53381.56611.58601.61831.65061.67051.7028


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.54771.60161.62951.68341.71131.76521.7931
Camarilla1.63491.64241.64991.65741.66491.67241.6799
Woodie1.53471.59511.61651.67691.69831.75871.7801
Fibonacci1.60161.63291.65221.68341.71471.73401.7652

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): 50.42
MACD (12,26,9): 0.0000
Directional Movement: -0.3079
AROON (14): 57.1429
DEMA (21): 1.5873
Parabolic SAR (0,02-0,02-0,2): 1.5779
Elder Ray (13): 0.0005
Super Trend (3,10): 1.5783
Zig ZAG (10): 1.5894
VORTEX (21): 1.1739
Stochastique (14,3,5): 71.22
TEMA (21): 1.5925
Williams %R (14): -29.69
Chande Momentum Oscillator (20): 0.0067
Repulse (5,40,3): -0.1479
ROCnROLL: -1
TRIX (15,9): -0.0110
Courbe Coppock: 1.66
MA7: 1.6196
MA20: 1.6682
MA50: 1.6782
MA100: 1.6599
MAexp7: 1.5899
MAexp20: 1.5884
MAexp50: 1.5959
MAexp100: 1.6112
Price / MA7: -1.89%
Price / MA20: -4.75%
Price / MA50: -5.32%
Price / MA100: -4.27%
Price / MAexp7: -0.06%
Price / MAexp20: +0.04%
Price / MAexp50: -0.43%
Price / MAexp100: -1.38%

Quotes : - Real time data - Forex

News


The latest news and videos published on EUR/NZD at the time of the analysis were as follows:

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

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