EUR/NZD - 1H - Technical analysis published on 01/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 1.7760 NZD
My targets
1.7573 NZD (-0.0124)
1.7529 NZD (-0.0168)
My analysis
EUR/NZD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.7760 NZD. The next support located at 1.7573 NZD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.7529 NZD. Below this support, sellers could then target 1.7199 NZD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by shadybhai. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/NZD rating 1.7697 NZD. The price registered a decrease of -0.70% on the session and was between 1.7663 NZD and 1.7816 NZD. This implies that the price is at +0.19% from its lowest and at -0.67% from its highest.1.7663
1.7816
1.7697
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/NZD:
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 EUR/NZD in 1H shows a overall strongly bearish trend. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:
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:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.7199 | 1.7529 | 1.7693 | 1.7697 | 1.7760 | 1.7789 | 1.7826 |
| Change (%) | -2.81% | -0.95% | -0.02% | - | +0.36% | +0.52% | +0.73% |
| Change | -0.0498 | -0.0168 | -0.0004 | - | +0.0063 | +0.0092 | +0.0129 |
| Level | Minor | Major | Major | - | Major | Minor | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7674 | 1.7704 | 1.7763 | 1.7793 | 1.7852 | 1.7882 | 1.7941 |
| Camarilla | 1.7798 | 1.7806 | 1.7814 | 1.7822 | 1.7830 | 1.7838 | 1.7847 |
| Woodie | 1.7689 | 1.7711 | 1.7778 | 1.7800 | 1.7867 | 1.7889 | 1.7956 |
| Fibonacci | 1.7704 | 1.7738 | 1.7759 | 1.7793 | 1.7827 | 1.7848 | 1.7882 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7454 | 1.7573 | 1.7698 | 1.7817 | 1.7942 | 1.8061 | 1.8186 |
| Camarilla | 1.7755 | 1.7777 | 1.7800 | 1.7822 | 1.7844 | 1.7867 | 1.7889 |
| Woodie | 1.7456 | 1.7575 | 1.7700 | 1.7819 | 1.7944 | 1.8063 | 1.8188 |
| Fibonacci | 1.7573 | 1.7667 | 1.7724 | 1.7817 | 1.7911 | 1.7968 | 1.8061 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6964 | 1.7173 | 1.7321 | 1.7530 | 1.7678 | 1.7887 | 1.8035 |
| Camarilla | 1.7371 | 1.7404 | 1.7436 | 1.7469 | 1.7502 | 1.7535 | 1.7567 |
| Woodie | 1.6934 | 1.7158 | 1.7291 | 1.7515 | 1.7648 | 1.7872 | 1.8005 |
| Fibonacci | 1.7173 | 1.7309 | 1.7394 | 1.7530 | 1.7666 | 1.7751 | 1.7887 |
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): | 39.12 | |
| MACD (12,26,9): | -0.0023 | |
| Directional Movement: | -19.8292 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 1.7695 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7666 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 1.7755 | |
| Zig ZAG (10): | 1.7702 | |
| VORTEX (21): | 0.8306 | |
| Stochastique (14,3,5): | 33.57 | |
| TEMA (21): | 1.7681 | |
| Williams %R (14): | -68.60 | |
| Chande Momentum Oscillator (20): | -0.0032 | |
| Repulse (5,40,3): | -0.0019 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0178 | |
| Courbe Coppock: | 0.85 |
| MA7: | 1.7803 | |
| MA20: | 1.7674 | |
| MA50: | 1.7682 | |
| MA100: | 1.7824 | |
| MAexp7: | 1.7701 | |
| MAexp20: | 1.7723 | |
| MAexp50: | 1.7751 | |
| MAexp100: | 1.7769 | |
| Price / MA7: | -0.60% | |
| Price / MA20: | +0.13% | |
| Price / MA50: | +0.08% | |
| Price / MA100: | -0.71% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.41% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on EUR/NZD at the time of the analysis were 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.
About author
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