EUR/NZD Up 10 Pips in Last 4 Hours, Entered Today Up For the 2nd Day In A Row; in a Downtrend Over Past 14 Days
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time.
EURNZD
(Last Updated July 8, 2020)
Welcome to the news page for EURNZD (EURNZD). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
On EURNZD, there is currently a downtrend on the 90, 30 and 14 day timeframes.
EURNZD Moving Averages
The moving averages on EURNZD indicate a trend that is clearly bearish.
Below is a chart showing EURNZD’s price with its moving averages.
As for assets in the Forex asset class EURNZD has been correlated to over the past week, it has been most correlated with AUDNZD. Over the past 14 days, however, the asset showing the strongest correlation to EURNZD is EURAUD. On the flip side, the asset least correlated with EURNZD over the past week has been GBPCHF, but if we observe the prior two weeks, CADCHF has been the asset least correlated with EURNZD. The chart below illustrates EURNZD against its least correlated assets.
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EUR/NZD Up 10 Pips in Last 4 Hours, Entered Today Up For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
EUR/NZD Up 9 Pips Over Past 4 Hours, Moves Down For the 2nd Day In A Row; in a Downtrend Over Past 14 Days
Entry at current price of 1.7235tp 1 at resistance level 2tp 2 at resistance level 2good luck trading!
EUR/NZD Up 8 Pips Over Past 4 Hours, Came Into Today Up For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart
This imputes a buy/sell ratio of 2.55, which is bullish.
EUR/NZD Up 11 Pips On 4 Hour Chart, Fares the Worst Out of Forex; Social Sentiment Biased Towards Buying
The closest is the 20 day average, which is 249.9 pips away.
EUR/NZD Up 3 Pips On 4 Hour Chart, 3 Day Down Streak Broken; Pin Bar Pattern Appearing on Chart
Or to simplify this another way, note that out of the past 10 days eur/nzd’s price has gone up 5 them.
EUR/NZD Up 4 Pips Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; in a Downtrend Over Past 90 Days
The closest is the 20 day average, which is 40.4 pips away.
EUR/NZD Down 3 Pips On 4 Hour Chart, Came Into Today Down For the 3rd Day In A Row; Nears 20 Day Moving Average
It should be noted, though, the 20 and 200 day simple moving averages turned downwards, which may be a bearish sign.
EUR/NZD Down 26 Pips Over Past 4 Hours, is Inching Close to 20 and 200 Day Averages; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone down 16 out of the past 30 days.
EUR/NZD Down 31 Pips On 4 Hour Chart, Crosses 200 Day Moving Average; in a Downtrend Over Past 90 Days
The closest is the 200 day average, which is 0.4 pips away.