EUR/NZD - 1H - Technical analysis published on 03/08/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
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
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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.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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:
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 1.5365 | 1.5504 | 1.5698 | 1.5837 | 1.6031 | 1.6170 | 1.6364 |
Camarilla | 1.5801 | 1.5832 | 1.5863 | 1.5893 | 1.5924 | 1.5954 | 1.5985 |
Woodie | 1.5394 | 1.5518 | 1.5727 | 1.5851 | 1.6060 | 1.6184 | 1.6393 |
Fibonacci | 1.5504 | 1.5631 | 1.5710 | 1.5837 | 1.5964 | 1.6043 | 1.6170 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.4788 | 1.5338 | 1.5633 | 1.6183 | 1.6478 | 1.7028 | 1.7323 |
Camarilla | 1.5696 | 1.5773 | 1.5851 | 1.5928 | 1.6006 | 1.6083 | 1.6160 |
Woodie | 1.4661 | 1.5274 | 1.5506 | 1.6119 | 1.6351 | 1.6964 | 1.7196 |
Fibonacci | 1.5338 | 1.5661 | 1.5860 | 1.6183 | 1.6506 | 1.6705 | 1.7028 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.5477 | 1.6016 | 1.6295 | 1.6834 | 1.7113 | 1.7652 | 1.7931 |
Camarilla | 1.6349 | 1.6424 | 1.6499 | 1.6574 | 1.6649 | 1.6724 | 1.6799 |
Woodie | 1.5347 | 1.5951 | 1.6165 | 1.6769 | 1.6983 | 1.7587 | 1.7801 |
Fibonacci | 1.6016 | 1.6329 | 1.6522 | 1.6834 | 1.7147 | 1.7340 | 1.7652 |
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
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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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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