EUR/NZD - 1H - Technical analysis published on 04/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 1.8065 NZD
My targets
1.7985 NZD (-0.0019)
1.7961 NZD (-0.0043)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/NZD. As long as you are under the resistance located at 1.8065 NZD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.7985 NZD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.7961 NZD as an objective. Crossing it would then enable sellers to target 1.7928 NZD. If the resistance 1.8065 NZD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/NZD rating 1.8004 NZD. The price registered a decrease of -0.02% on the session and was between 1.7958 NZD and 1.8042 NZD. This implies that the price is at +0.26% from its lowest and at -0.21% from its highest.1.7958
1.8042
1.8004
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/NZD indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.7928 | 1.7961 | 1.7985 | 1.8004 | 1.8009 | 1.8065 | 1.8111 |
| Change (%) | -0.42% | -0.24% | -0.11% | - | +0.03% | +0.34% | +0.59% |
| Change | -0.0076 | -0.0043 | -0.0019 | - | +0.0005 | +0.0061 | +0.0107 |
| Level | Major | Minor | Intermediate | - | Minor | Major | Intermediate |
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 | 1.7886 | 1.7932 | 1.7969 | 1.8015 | 1.8052 | 1.8098 | 1.8135 |
| Camarilla | 1.7984 | 1.7992 | 1.7999 | 1.8007 | 1.8015 | 1.8022 | 1.8030 |
| Woodie | 1.7883 | 1.7930 | 1.7966 | 1.8013 | 1.8049 | 1.8096 | 1.8132 |
| Fibonacci | 1.7932 | 1.7963 | 1.7983 | 1.8015 | 1.8046 | 1.8066 | 1.8098 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7699 | 1.7793 | 1.7946 | 1.8040 | 1.8193 | 1.8287 | 1.8440 |
| Camarilla | 1.8030 | 1.8053 | 1.8075 | 1.8098 | 1.8121 | 1.8143 | 1.8166 |
| Woodie | 1.7728 | 1.7808 | 1.7975 | 1.8055 | 1.8222 | 1.8302 | 1.8469 |
| Fibonacci | 1.7793 | 1.7888 | 1.7946 | 1.8040 | 1.8135 | 1.8193 | 1.8287 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7255 | 1.7440 | 1.7730 | 1.7915 | 1.8205 | 1.8390 | 1.8680 |
| Camarilla | 1.7888 | 1.7932 | 1.7976 | 1.8019 | 1.8063 | 1.8106 | 1.8150 |
| Woodie | 1.7307 | 1.7466 | 1.7782 | 1.7941 | 1.8257 | 1.8416 | 1.8732 |
| Fibonacci | 1.7440 | 1.7622 | 1.7734 | 1.7915 | 1.8097 | 1.8209 | 1.8390 |
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): | 48.77 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -4.6315 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 1.7998 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.8023 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 1.8043 | |
| Zig ZAG (10): | 1.8003 | |
| VORTEX (21): | 0.9976 | |
| Stochastique (14,3,5): | 53.57 | |
| TEMA (21): | 1.7998 | |
| Williams %R (14): | -45.24 | |
| Chande Momentum Oscillator (20): | -0.0013 | |
| Repulse (5,40,3): | 0.0413 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0042 | |
| Courbe Coppock: | 0.02 |
| MA7: | 1.8027 | |
| MA20: | 1.8002 | |
| MA50: | 1.7875 | |
| MA100: | 1.7749 | |
| MAexp7: | 1.8001 | |
| MAexp20: | 1.8004 | |
| MAexp50: | 1.8011 | |
| MAexp100: | 1.8016 | |
| Price / MA7: | -0.13% | |
| Price / MA20: | +0.01% | |
| Price / MA50: | +0.72% | |
| Price / MA100: | +1.44% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0.07% |
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:
-
EUR/NZD Forecast March 22, 2024
-
iFOREX Market Headlines 14-03-2017: USD, EUR/NZD and Alibaba.
-
EUR/NZD Focus
-
EURNZD Triangle
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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