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EURNZD

(Last Updated March 4, 2021)

Hello! This is the news page for EURNZD. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:

Forex Calendar for EURNZD

metric_name reference_period asset_name asset_id date time forecast outcome
Euro Area Unemployment Rate Jan 2021 Euro EUR 2021-03-04 10:00 GMT 8.3% 8.1%
Euro Area Retail Sales YoY Jan 2021 Euro EUR 2021-03-04 10:00 GMT -1.2% -6.4%
Euro Area Retail Sales MoM Jan 2021 Euro EUR 2021-03-04 10:00 GMT -1.1% -5.9%

The Trend

If we observe the 90, 30 and 14 day timeframes, we see a downtrend in place for EURNZD.

EURNZD Moving Averages

The moving averages on EURNZD indicate a trend that is clearly bearish.

The chart below illustrates.

As for assets in the Forex asset class EURNZD has been correlated to over the past week, it has demonstrated the strongest correlation with NZDUSD. Over the past 14 days, however, AUDJPY is the asset most correlated to EURNZD. On the flip side, the asset least correlated with EURNZD over the past week has been GBPCAD, but over the past two weeks, the asset least correlated with EURNZD has been USDJPY. The chart below illustrates EURNZD against its least correlated assets.

.

The View From the Weekly Timeframe

Currently, EURNZD’s rate is down -24 pips (-0.14%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 week timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on EURNZD. Given that we see downtrend on the 20 and 10 weekly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. EURNZD’s weekly price action over the past 52 weeks can be seen via the chart below.

EURNZD: The Monthly View

Monthly trend: strongest on the 60 month timeframe.

EURNZD Down 2 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; in a Downtrend Over Past 90 Days

Categories Forex News Tags EURNZD
February 22, 2021February 19, 2021

Compared to its peers in the forex, eurnzd gave its buyers a return that ranked 37th in terms of percentage change since the previous day.

EURNZD Down 5 Pips Over Past Hour, in a Downtrend Over Past 30 Days; Nears 20 Day Moving Average

Categories Forex News Tags EURNZD
February 19, 2021February 18, 2021

The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.

EURNZD Up 3 Pips in Last Hour, Crosses 20 Day Moving Average; Price Base in Formation Over Past 14 Days

Categories Forex News Tags EURNZD
February 19, 2021February 17, 2021

Of note is that the 20 hour changed directions on eurnzd; it is now pointing up.

EURNZD Down 24 Pips On Hourly Chart; Crosses 20 Day Moving Average

Categories Forex News Tags EURNZD
February 17, 2021February 16, 2021

Price action traders may also wish to note that we see a doji candlestick pattern on eurnzd.

EURNZD Down 17 Pips Over Past Hour, in a Downtrend Over Past 90 Days; Doji Pattern Appearing on Chart

Categories Forex News Tags EURNZD
February 16, 2021February 15, 2021

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down.

EURNZD Down 0 Pips in Last Hour, is Inching Close to 20 Day Average; Pin Bar Pattern Appearing on Chart

Categories Forex News Tags EURNZD
February 15, 2021February 12, 2021

This move is a reversal from the hour prior, which saw price move up.

EURNZD Down 21 Pips On Hourly Chart, 2 Day Up Streak Broken; in a Downtrend Over Past 90 Days

Categories Forex News Tags EURNZD
February 12, 2021February 11, 2021

If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.

EURNZD Down 9 Pips On Hourly Chart, in a Downtrend Over Past 14 Days; Bullish Engulfing Pattern in Play

Categories Forex News Tags EURNZD
February 11, 2021February 10, 2021

Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.

EURNZD Down 7 Pips Over Past Hour, 2 Day Up Streak Ended; in a Downtrend Over Past 14 Days

Categories Forex News Tags EURNZD
February 10, 2021February 9, 2021

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time.

EURNZD Down 3 Pips Over Past Hour; 2 Day Up Streak Ended

Categories Forex News Tags EURNZD
February 9, 2021February 5, 2021

Relative to other instruments in the forex asset class, eurnzd ranked 34th yesterday in terms of percentage price change.

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