EUR/NZD - 1H - Technical analysis published on 03/24/2022 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 1.5880 NZD
My targets
1.5756 NZD (-0.0038)
1.5535 NZD (-0.0259)
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 1.5880 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 1.5880 NZD. The next bearish objective for sellers is set at 1.5756 NZD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.5535 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 1.5880 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.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.4
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Additional analysis
Quotes
The EUR/NZD rating is 1.5794 NZD. The price has increased by +0.10% since the last closing and was traded between 1.5772 NZD and 1.5808 NZD over the period. The price is currently at +0.14% from its lowest and -0.09% from its highest.1.5772
1.5808
1.5794
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4001 | 1.5050 | 1.5756 | 1.5794 | 1.5880 | 1.5960 | 1.6120 |
| Change (%) | -11.35% | -4.71% | -0.24% | - | +0.54% | +1.05% | +2.06% |
| Change | -0.1793 | -0.0744 | -0.0038 | - | +0.0086 | +0.0166 | +0.0326 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Intermediate | 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 | 1.5605 | 1.5681 | 1.5729 | 1.5805 | 1.5853 | 1.5929 | 1.5977 |
| Camarilla | 1.5744 | 1.5755 | 1.5767 | 1.5778 | 1.5789 | 1.5801 | 1.5812 |
| Woodie | 1.5592 | 1.5674 | 1.5716 | 1.5798 | 1.5840 | 1.5922 | 1.5964 |
| Fibonacci | 1.5681 | 1.5728 | 1.5757 | 1.5805 | 1.5852 | 1.5881 | 1.5929 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5535 | 1.5762 | 1.5878 | 1.6105 | 1.6221 | 1.6448 | 1.6564 |
| Camarilla | 1.5901 | 1.5932 | 1.5964 | 1.5995 | 1.6026 | 1.6058 | 1.6089 |
| Woodie | 1.5481 | 1.5734 | 1.5824 | 1.6077 | 1.6167 | 1.6420 | 1.6510 |
| Fibonacci | 1.5762 | 1.5893 | 1.5974 | 1.6105 | 1.6236 | 1.6317 | 1.6448 |
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): | 47.71 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | 0.3501 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 1.5777 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5765 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 1.5859 | |
| Zig ZAG (10): | 1.5798 | |
| VORTEX (21): | 0.9742 | |
| Stochastique (14,3,5): | 71.15 | |
| TEMA (21): | 1.5789 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.0022 | |
| Repulse (5,40,3): | 0.0805 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0159 | |
| Courbe Coppock: | 0.04 |
| MA7: | 1.5952 | |
| MA20: | 1.6128 | |
| MA50: | 1.6629 | |
| MA100: | 1.6579 | |
| MAexp7: | 1.5791 | |
| MAexp20: | 1.5796 | |
| MAexp50: | 1.5839 | |
| MAexp100: | 1.5906 | |
| Price / MA7: | -0.99% | |
| Price / MA20: | -2.07% | |
| Price / MA50: | -5.02% | |
| Price / MA100: | -4.73% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.28% | |
| Price / MAexp100: | -0.70% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on EUR/NZD. At the time of publication of this analysis, the latest news 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.
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