EUR/NZD - Daily - Technical analysis published on 02/23/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 1.7754 NZD
My targets
1.7131 NZD (-0.0329)
1.6876 NZD (-0.0584)
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 1.7754 NZD. The next bearish objective for sellers is set at 1.7131 NZD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.6876 NZD. If there is any crossing, the next objective would be the support located at 1.6317 NZD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
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
7.3
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This analysis was given by Muhahaha. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/NZD rating 1.7460 NZD. The price is lower by -0.10% since the last closing and was traded between 1.7445 NZD and 1.7483 NZD over the period. The price is currently at +0.09% from its lowest and -0.13% from its highest.1.7445
1.7483
1.7460
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
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 EUR/NZD in Daily shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : Daily
The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 1.6317 | 1.6876 | 1.7445 | 1.7460 | 1.7523 | 1.7754 | 1.7928 |
| Change (%) | -6.55% | -3.34% | -0.09% | - | +0.36% | +1.68% | +2.68% |
| Change | -0.1143 | -0.0584 | -0.0015 | - | +0.0063 | +0.0294 | +0.0468 |
| Level | Major | Minor | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7371 | 1.7408 | 1.7443 | 1.7480 | 1.7515 | 1.7552 | 1.7587 |
| Camarilla | 1.7457 | 1.7464 | 1.7470 | 1.7477 | 1.7484 | 1.7490 | 1.7497 |
| Woodie | 1.7369 | 1.7408 | 1.7441 | 1.7480 | 1.7513 | 1.7552 | 1.7585 |
| Fibonacci | 1.7408 | 1.7436 | 1.7453 | 1.7480 | 1.7508 | 1.7525 | 1.7552 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7342 | 1.7435 | 1.7515 | 1.7608 | 1.7688 | 1.7781 | 1.7861 |
| Camarilla | 1.7547 | 1.7563 | 1.7579 | 1.7595 | 1.7611 | 1.7627 | 1.7643 |
| Woodie | 1.7336 | 1.7432 | 1.7509 | 1.7605 | 1.7682 | 1.7778 | 1.7855 |
| Fibonacci | 1.7435 | 1.7501 | 1.7542 | 1.7608 | 1.7674 | 1.7715 | 1.7781 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6863 | 1.7131 | 1.7402 | 1.7670 | 1.7941 | 1.8209 | 1.8480 |
| Camarilla | 1.7526 | 1.7575 | 1.7625 | 1.7674 | 1.7723 | 1.7773 | 1.7822 |
| Woodie | 1.6866 | 1.7132 | 1.7405 | 1.7671 | 1.7944 | 1.8210 | 1.8483 |
| Fibonacci | 1.7131 | 1.7337 | 1.7464 | 1.7670 | 1.7876 | 1.8003 | 1.8209 |
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): | 35.66 | |
| MACD (12,26,9): | -0.0051 | |
| Directional Movement: | -8.1620 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 1.7538 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7597 | |
| Elder Ray (13): | -0.0099 | |
| Super Trend (3,10): | 1.7748 | |
| Zig ZAG (10): | 1.7449 | |
| VORTEX (21): | 0.8842 | |
| Stochastique (14,3,5): | 9.78 | |
| TEMA (21): | 1.7499 | |
| Williams %R (14): | -96.82 | |
| Chande Momentum Oscillator (20): | -0.0185 | |
| Repulse (5,40,3): | -0.3405 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0205 | |
| Courbe Coppock: | 2.00 |
| MA7: | 1.7533 | |
| MA20: | 1.7616 | |
| MA50: | 1.7616 | |
| MA100: | 1.7766 | |
| MAexp7: | 1.7521 | |
| MAexp20: | 1.7593 | |
| MAexp50: | 1.7653 | |
| MAexp100: | 1.7717 | |
| Price / MA7: | -0.42% | |
| Price / MA20: | -0.89% | |
| Price / MA50: | -0.89% | |
| Price / MA100: | -1.72% | |
| Price / MAexp7: | -0.35% | |
| Price / MAexp20: | -0.76% | |
| Price / MAexp50: | -1.09% | |
| Price / MAexp100: | -1.45% |
Quotes :
-
Real time data
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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:
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.
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