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

EUR/NZD - Daily - Technical analysis published on 04/29/2022 (GMT)

  • 191
  • 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
  • Timeframe : Daily
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Bullish
Underlying: Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 1.6325 NZD
My targets
1.5893 NZD (-0.0268)
1.5699 NZD (-0.0462)
My analysis
The basic trend is bearish on EUR/NZD and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 1.6325 NZD. Buyers would then use the next resistance located at 1.6566 NZD as an objective. Crossing it would then enable buyers to target 1.6885 NZD. If there is a return to below the support located at 1.5893 NZD, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 1.5699 NZD and 1.5050 NZD by extension.

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
0

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

EUR/NZD rating 1.6161 NZD. On the day, this instrument lost -0.09% with the lowest point at 1.6126 NZD and the highest point at 1.6198 NZD. The deviation from the price is +0.22% for the low point and -0.23% for the high point.

1.6126
1.6198
1.6161

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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


A technical analysis in Daily of this EUR/NZD chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.5699 1.5893 1.6120 1.6161 1.6325 1.6566 1.6885
Change (%) -2.86% -1.66% -0.25% - +1.01% +2.51% +4.48%
Change -0.0462 -0.0268 -0.0041 - +0.0164 +0.0405 +0.0724
Level Minor Minor Major - 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
Standard1.59571.60401.61081.61911.62591.63421.6410
Camarilla1.61341.61471.61611.61751.61891.62031.6217
Woodie1.59491.60361.61001.61871.62511.63381.6402
Fibonacci1.60401.60981.61341.61911.62491.62851.6342


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.56901.58101.60451.61651.64001.65201.6755
Camarilla1.61831.62161.62491.62811.63141.63461.6379
Woodie1.57491.58391.61041.61941.64591.65491.6814
Fibonacci1.58101.59451.60291.61651.63001.63841.6520


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.46011.51211.55491.60691.64971.70171.7445
Camarilla1.57151.58021.58891.59761.60631.61501.6237
Woodie1.45541.50981.55021.60461.64501.69941.7398
Fibonacci1.51211.54841.57071.60691.64321.66551.7017

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): 54.85
MACD (12,26,9): 0.0032
Directional Movement: 7.9010
AROON (14): 57.1429
DEMA (21): 1.6086
Parabolic SAR (0,02-0,02-0,2): 1.6030
Elder Ray (13): 0.0064
Super Trend (3,10): 1.5798
Zig ZAG (10): 1.6160
VORTEX (21): 1.0519
Stochastique (14,3,5): 69.65
TEMA (21): 1.6205
Williams %R (14): -30.30
Chande Momentum Oscillator (20): 0.0135
Repulse (5,40,3): -0.1386
ROCnROLL: -1
TRIX (15,9): -0.0035
Courbe Coppock: 3.60
MA7: 1.6179
MA20: 1.5995
MA50: 1.6104
MA100: 1.6472
MAexp7: 1.6146
MAexp20: 1.6072
MAexp50: 1.6163
MAexp100: 1.6327
Price / MA7: -0.11%
Price / MA20: +1.04%
Price / MA50: +0.35%
Price / MA100: -1.89%
Price / MAexp7: +0.10%
Price / MAexp20: +0.56%
Price / MAexp50: -0.01%
Price / MAexp100: -1.01%

Quotes : - Real time data - Forex

News


The last news published on EUR/NZD at the time of the generation of this analysis was as follows:

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

About author

Online

Overall rating :
15090
Number of analyses :
Followers :
0
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…

Add a comment

no pic

Comments

0 comments on the analysis EUR/NZD - Daily