EURNZD Bearish

Analysis Price: 1.9643 (Updated: 16 February 2026, 22:23 UTC)

Comprehensive analysis for EURNZD showing a predominantly bearish bias with 77% bearish consensus based on combined analytical factors. Market structure, technical patterns, and key levels examined across multiple timeframes.

Select Currency Pair

Signal Overview

Bearish High Confidence Medium Risk

Market Consensus:

23% Long

77% Short

Valid Timeframes:

M15 H1 H4 D1

Signal Analysis:

The analysis indicates a high confidence bearish bias for EURNZD (signal strength: 55%). Supporting factors include: Technical patterns identified: Bearish Flag (H1); Retail sentiment is 64% bearish; EUR is showing relative weakness against NZD (diff: 22%). Risk assessment for this trade is medium. This signal is most valid on the M15, H1, H4, D1 timeframes.

Sentiment Analysis

LONG SHORT

34% 66%

Historical Sentiment (7 Days)

Sentiment Interpretation

Bearish sentiment with 66% of traders holding short positions. The market has a negative bias, but watch for signs of exhaustion if this percentage increases further.

Support & Resistance Analysis

Resistance Levels

R1: 1.9769 0.64% ↑

Analysis Price: 1.9643

Support Levels

S1: 1.9569 0.38% ↓

Market Regime:

Range

Analyst Bias:

Unknown

Direction Probability:

50%

Price Position Analysis

Price is between support at 1.9569 (0.38% below analysis price) and resistance at 1.9769 (0.64% above), with slightly closer proximity to support. Watch for bounce confirmation at support or break below.

Chart Pattern Analysis

No chart patterns detected for EURNZD at this time.

High Probability Zones

Support Zone

95%

Zone Level:

1.9289

analysis price:

1.9643

Distance:

1.82%

Confluence Factors:

Double Bottom 127% Extension Volume Spike

Valid on Timeframes:

H1 H4 D1 W1

High Probability Zones Interpretation

Price is approaching a high probability (95%) support zone at 1.9289, currently 1.82% away. Consider preparing a buy strategy as price approaches this level, watching for confirmation signals.

Volatility Analysis

Select Timeframe:

Daily Range (pips):

65.0

Volatility Regime:

Normal

Volatility Level:

44%

10-Day ATR Trend

Volatility Interpretation (H1)

EURNZD is showing normal volatility (44 percentile) with an expected daily range of 65.0 pips. This represents average market conditions conducive to standard trading strategies. Standard position sizing and stop loss parameters are appropriate.

Correlation Analysis

Top Correlations with EURNZD

EURUSD

0.88

EURJPY

0.86

NZDJPY

-0.86

NZDCAD

-0.80

AUDNZD

0.79

Correlation Interpretation

Understanding how EURNZD correlates with other pairs can help with portfolio diversification and risk management. Strong positive correlations (above 0.7) indicate pairs that move similarly, while strong negative correlations (below -0.7) show pairs that typically move in opposite directions.

EURNZD shows strong positive correlation with: EURUSD, EURJPY, AUDNZD. This means these pairs tend to move in the same direction. Trading in the same direction on multiple correlated pairs increases portfolio risk, while finding divergences between correlated pairs can highlight potential reversal opportunities.

EURNZD shows strong negative correlation with: NZDJPY, NZDCAD. This means these pairs tend to move in opposite directions. Negatively correlated pairs can be useful for hedging strategies or to confirm signals (a buy signal in one pair would be supported by a sell signal in the negatively correlated pair).

Currency Strength Analysis

Select Timeframe:

EUR

-0.87

Very-weak

NZD

-0.16

Neutral

Relative Strength:

-0.71

Bearish Bias

Currency Strength Interpretation (M15)

NZD is significantly stronger than EUR on the M15 timeframe, with a relative strength of -0.71. This suggests a strong bearish bias for EURNZD. However, this bias is primarily driven by the weakness of EUR.

How to Use This Analysis

This comprehensive analysis provides multiple perspectives on EURNZD to help inform your trading decisions:

Sentiment Analysis: Use to understand market positioning and potential contrarian opportunities
Support & Resistance: Identify key price levels for setting stop losses and take profits
Pattern Analysis: Recognize technical formations that may indicate continuation or reversal
Volatility Analysis: Adjust position sizing and risk management based on current market conditions
Currency Strength: Compare the relative performance of individual currencies within the pair
Correlation Analysis: Understand how this pair moves in relation to others for portfolio diversification

For optimal results, consider how these different factors align. The strongest trading opportunities typically occur when multiple analytical tools show confirmation across different timeframes.