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GBP/NZD
GBP NZD
- NZD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPNZD
ISIN:

GBP/NZD - 1H - Technical analysis published on 04/15/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 2.0845 NZD
My targets
2.0948 NZD (+0.0035)
2.1017 NZD (+0.0104)
My analysis
The bullish trend is currently very strong on GBP/NZD. As long as the price remains above the support at 2.0845 NZD, you could try to benefit from the boom. The first bullish objective is located at 2.0948 NZD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.1017 NZD as an objective. Crossing it would then enable buyers to target 2.2327 NZD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.9

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/NZD rating is 2.0913 NZD. The price registered an increase of +1.06% on the session and was traded between 2.0688 NZD and 2.0947 NZD over the period. The price is currently at +1.09% from its lowest and -0.16% from its highest.

2.0688
2.0947
2.0913

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GBP/NZD:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GBP/NZD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.0628 2.0739 2.0845 2.0913 2.0948 2.1017 2.2327
Change (%) -1.36% -0.83% -0.33% - +0.17% +0.50% +6.76%
Change -0.0285 -0.0174 -0.0068 - +0.0035 +0.0104 +0.1414
Level Intermediate Major Minor - Major Minor Minor



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
Standard1.92781.93511.94001.94731.95221.95951.9644
Camarilla1.94141.94261.94371.94481.94591.94701.9482
Woodie1.92651.93451.93871.94671.95091.95891.9631
Fibonacci1.93511.93981.94271.94731.95201.95491.9595


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.07592.09262.12262.13932.16932.18602.2160
Camarilla2.13982.14402.14832.15262.15692.16122.1654
Woodie2.08262.09592.12932.14262.17602.18932.2227
Fibonacci2.09262.11042.12152.13932.15712.16822.1860


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.79391.89171.98852.08632.18312.28092.3777
Camarilla2.03172.04952.06742.08522.10302.12092.1387
Woodie1.79331.89151.98792.08612.18252.28072.3771
Fibonacci1.89171.96612.01202.08632.16072.20662.2809

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 60.76
MACD (12,26,9): 0.0052
Directional Movement: 8.4592
AROON (14): -21.4285
DEMA (21): 2.0884
Parabolic SAR (0,02-0,02-0,2): 2.0757
Elder Ray (13): 0.0050
Super Trend (3,10): 2.0767
Zig ZAG (10): 2.0907
VORTEX (21): 1.1089
Stochastique (14,3,5): 54.15
TEMA (21): 2.0891
Williams %R (14): -26.83
Chande Momentum Oscillator (20): 0.0069
Repulse (5,40,3): 0.2632
ROCnROLL: 1
TRIX (15,9): 0.0370
Courbe Coppock: 0.89
MA7: 2.0454
MA20: 2.0539
MA50: 2.0438
MA100: 2.0145
MAexp7: 2.0867
MAexp20: 2.0812
MAexp50: 2.0726
MAexp100: 2.0672
Price / MA7: +2.24%
Price / MA20: +1.82%
Price / MA50: +2.32%
Price / MA100: +3.81%
Price / MAexp7: +0.22%
Price / MAexp20: +0.49%
Price / MAexp50: +0.90%
Price / MAexp100: +1.17%

News


The last news published on GBP/NZD at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia
Londinia AI

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