EUR/NZD
EUR NZD
- NZD (-)
- Real time data - Forex
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Type: Forex
Ticker: EURNZD
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EUR/NZD - 1H - Technical analysis published on 11/12/2022 (GMT)

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  • Timeframe : 1H
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  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 1.6969 NZD
My targets
1.6910 NZD (-0.0017)
1.6875 NZD (-0.0052)
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 1.6969 NZD. The sellers' bearish objective is set at 1.6910 NZD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.6875 NZD. In case of crossing, the next objective would be the support located at 1.6810 NZD.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.8

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

Additional analysis

Quotes

EUR/NZD rating 1.6927 NZD. The price is lower by -0.06% since the last closing and was between 1.6898 NZD and 1.7045 NZD. This implies that the price is at +0.17% from its lowest and at -0.69% from its highest.

1.6898
1.7045
1.6927

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



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 HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this EUR/NZD chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Three white soldiers

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.6810 1.6875 1.6910 1.6927 1.6969 1.7007 1.7046
Change (%) -0.69% -0.31% -0.10% - +0.25% +0.47% +0.70%
Change -0.0117 -0.0052 -0.0017 - +0.0042 +0.0080 +0.0119
Level Minor Major Intermediate - Intermediate Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.67211.68101.68681.69571.70151.71041.7162
Camarilla1.68871.69001.69141.69271.69411.69541.6967
Woodie1.67071.68021.68541.69491.70011.70961.7148
Fibonacci1.68101.68661.69011.69571.70131.70481.7104


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.64831.66461.67871.69501.70911.72541.7395
Camarilla1.68431.68711.68991.69271.69551.69831.7011
Woodie1.64711.66411.67751.69451.70791.72491.7383
Fibonacci1.66461.67631.68341.69501.70671.71381.7254


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.61891.65761.67751.71621.73611.77481.7947
Camarilla1.68121.68661.69191.69731.70271.70801.7134
Woodie1.60941.65291.66801.71151.72661.77011.7852
Fibonacci1.65761.68001.69391.71621.73861.75251.7748

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 44.69
MACD (12,26,9): -0.0014
Directional Movement: -5.2193
AROON (14): -42.8571
DEMA (21): 1.6926
Parabolic SAR (0,02-0,02-0,2): 1.6994
Elder Ray (13): -0.0011
Super Trend (3,10): 1.7035
Zig ZAG (10): 1.6927
VORTEX (21): 0.9830
Stochastique (14,3,5): 18.14
TEMA (21): 1.6920
Williams %R (14): -80.27
Chande Momentum Oscillator (20): -0.0042
Repulse (5,40,3): 0.0218
ROCnROLL: 2
TRIX (15,9): -0.0096
Courbe Coppock: 0.36
MA7: 1.6909
MA20: 1.7086
MA50: 1.7006
MA100: 1.6672
MAexp7: 1.6928
MAexp20: 1.6944
MAexp50: 1.6957
MAexp100: 1.6950
Price / MA7: +0.11%
Price / MA20: -0.93%
Price / MA50: -0.46%
Price / MA100: +1.53%
Price / MAexp7: -0.01%
Price / MAexp20: -0.10%
Price / MAexp50: -0.18%
Price / MAexp100: -0.14%

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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