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

EUR/NZD - 1H - Technical analysis published on 06/09/2023 (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: Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.7570 NZD
My targets
1.7519 NZD (-0.0020)
1.7380 NZD (-0.0159)
My analysis
The bearish trend is currently very strong for EUR/NZD. As long as the price remains below the resistance at 1.7570 NZD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.7519 NZD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.7380 NZD as an objective. Crossing it would then enable sellers to target 1.7006 NZD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.8

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

Additional analysis

Quotes

EUR/NZD rating 1.7539 NZD. The price registered a decrease of -0.88% on the session and was between 1.7537 NZD and 1.7708 NZD. This implies that the price is at +0.01% from its lowest and at -0.95% from its highest.

1.7537
1.7708
1.7539

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

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 EUR/NZD in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.6876 1.7006 1.7519 1.7539 1.7570 1.7632 1.7686
Change (%) -3.78% -3.04% -0.11% - +0.18% +0.53% +0.84%
Change -0.0663 -0.0533 -0.0020 - +0.0031 +0.0093 +0.0147
Level Minor Intermediate Major - Intermediate 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
Standard1.75491.75911.76421.76841.77351.77771.7828
Camarilla1.76681.76771.76861.76941.77031.77111.7720
Woodie1.75551.75931.76481.76861.77411.77791.7834
Fibonacci1.75911.76261.76481.76841.77191.77411.7777


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.73801.75021.75931.77151.78061.79281.8019
Camarilla1.76241.76441.76641.76831.77031.77221.7742
Woodie1.73641.74941.75771.77071.77901.79201.8003
Fibonacci1.75021.75841.76341.77151.77971.78471.7928


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.66161.68911.73231.75981.80301.83051.8737
Camarilla1.75601.76241.76891.77541.78191.78841.7948
Woodie1.66941.69301.74011.76371.81081.83441.8815
Fibonacci1.68911.71611.73281.75981.78681.80351.8305

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): 20.56
MACD (12,26,9): -0.0035
Directional Movement: -27.2971
AROON (14): -92.8571
DEMA (21): 1.7588
Parabolic SAR (0,02-0,02-0,2): 1.7629
Elder Ray (13): -0.0062
Super Trend (3,10): 1.7625
Zig ZAG (10): 1.7542
VORTEX (21): 0.7381
Stochastique (14,3,5): 3.92
TEMA (21): 1.7556
Williams %R (14): -97.08
Chande Momentum Oscillator (20): -0.0158
Repulse (5,40,3): -0.2249
ROCnROLL: 2
TRIX (15,9): -0.0156
Courbe Coppock: 1.33
MA7: 1.7662
MA20: 1.7551
MA50: 1.7587
MA100: 1.7343
MAexp7: 1.7576
MAexp20: 1.7626
MAexp50: 1.7652
MAexp100: 1.7659
Price / MA7: -0.70%
Price / MA20: -0.07%
Price / MA50: -0.27%
Price / MA100: +1.13%
Price / MAexp7: -0.21%
Price / MAexp20: -0.49%
Price / MAexp50: -0.64%
Price / MAexp100: -0.68%

Quotes : - Real time data - 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:

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

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