EUR/NZD

- NZD (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	EURNZD
ISIN:

EUR/NZD - Daily - Technical analysis published on 11/18/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 1.6875 NZD

My targets

1.6487 NZD (-0.0287)

1.6317 NZD (-0.0457)

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 1.6875 NZD. The sellers' bearish objective is set at 1.6487 NZD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.6317 NZD. In case of crossing, the next objective would be the support located at 1.5893 NZD.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

4.5

Comment on the analysis

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 gioviforex. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/NZD rating is 1.6774 NZD. The price is lower by -0.81% since the last closing with the lowest point at 1.6762 NZD and the highest point at 1.6911 NZD. The deviation from the price is +0.07% for the low point and -0.81% for the high point.

1.6762

1.6911

1.6774

Here is a more detailed summary of the historical variations registered by EUR/NZD:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

Technical analysis of this Daily chart of EUR/NZD indicates that the overall trend is bearish. The signals given by moving averages are 64.29% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 10 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.5893	1.6317	1.6487	1.6774	1.6875	1.7022	1.7159
Change (%)	-5.25%	-2.72%	-1.71%	-	+0.60%	+1.48%	+2.30%
Change	-0.0881	-0.0457	-0.0287	-	+0.0101	+0.0248	+0.0385
Level	Intermediate	Major	Minor	-	Major	Intermediate	Minor

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	1.6695	1.6780	1.6846	1.6931	1.6997	1.7082	1.7148
Camarilla	1.6870	1.6883	1.6897	1.6911	1.6925	1.6939	1.6953
Woodie	1.6685	1.6775	1.6836	1.6926	1.6987	1.7077	1.7138
Fibonacci	1.6780	1.6838	1.6874	1.6931	1.6989	1.7025	1.7082

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.6483	1.6646	1.6787	1.6950	1.7091	1.7254	1.7395
Camarilla	1.6843	1.6871	1.6899	1.6927	1.6955	1.6983	1.7011
Woodie	1.6471	1.6641	1.6775	1.6945	1.7079	1.7249	1.7383
Fibonacci	1.6646	1.6763	1.6834	1.6950	1.7067	1.7138	1.7254

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.6189	1.6576	1.6775	1.7162	1.7361	1.7748	1.7947
Camarilla	1.6812	1.6866	1.6919	1.6973	1.7027	1.7080	1.7134
Woodie	1.6094	1.6529	1.6680	1.7115	1.7266	1.7701	1.7852
Fibonacci	1.6576	1.6800	1.6939	1.7162	1.7386	1.7525	1.7748

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):	40.61
MACD (12,26,9):	-0.0065
Directional Movement:	-6.6069
AROON (14):	-28.5714
DEMA (21):	1.6891
Parabolic SAR (0,02-0,02-0,2):	1.7093
Elder Ray (13):	-0.0076
Super Trend (3,10):	1.6775
Zig ZAG (10):	1.6777
VORTEX (21):	0.9024
Stochastique (14,3,5):	28.41
TEMA (21):	1.6787
Williams %R (14):	-88.89
Chande Momentum Oscillator (20):	-0.0107
Repulse (5,40,3):	-1.2790
ROCnROLL:	2
TRIX (15,9):	-0.0455
Courbe Coppock:	2.55

MA7:	1.6886
MA20:	1.6983
MA50:	1.7050
MA100:	1.6675
MAexp7:	1.6874
MAexp20:	1.6961
MAexp50:	1.6937
MAexp100:	1.6803
Price / MA7:	-0.66%
Price / MA20:	-1.23%
Price / MA50:	-1.62%
Price / MA100:	+0.59%
Price / MAexp7:	-0.59%
Price / MAexp20:	-1.10%
Price / MAexp50:	-0.96%
Price / MAexp100:	-0.17%

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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