GBP/NZD - 1H - Technical analysis published on 06/05/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 1.9564 NZD
My targets
1.9171 NZD (-0.0300)
1.8938 NZD (-0.0533)
My analysis
The bearish trend is currently very strong for GBP/NZD. As long as the price remains below the resistance at 1.9564 NZD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.9171 NZD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.8938 NZD as an objective. Crossing it would then enable sellers to target 1.8373 NZD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
6.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/NZD price is 1.9471 NZD. The price registered a decrease of -0.19% on the session with the lowest point at 1.9428 NZD and the highest point at 1.9509 NZD. The deviation from the price is +0.22% for the low point and -0.19% for the high point.1.9428
1.9509
1.9471
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/NZD:
Technical
Technical analysis of GBP/NZD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.7433 | 1.8373 | 1.8938 | 1.9471 | 1.9472 | 1.9564 | 1.9813 |
| Change (%) | -10.47% | -5.64% | -2.74% | - | +0.01% | +0.48% | +1.76% |
| Change | -0.2038 | -0.1098 | -0.0533 | - | +0.0001 | +0.0093 | +0.0342 |
| Level | Minor | Major | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.9351 | 1.9413 | 1.9460 | 1.9522 | 1.9569 | 1.9631 | 1.9678 |
| Camarilla | 1.9477 | 1.9487 | 1.9497 | 1.9507 | 1.9517 | 1.9527 | 1.9537 |
| Woodie | 1.9344 | 1.9409 | 1.9453 | 1.9518 | 1.9562 | 1.9627 | 1.9671 |
| Fibonacci | 1.9413 | 1.9455 | 1.9480 | 1.9522 | 1.9564 | 1.9589 | 1.9631 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.1920 | 2.2311 | 2.2692 | 2.3083 | 2.3464 | 2.3855 | 2.4236 |
| Camarilla | 2.2860 | 2.2931 | 2.3001 | 2.3072 | 2.3143 | 2.3214 | 2.3284 |
| Woodie | 2.1914 | 2.2309 | 2.2686 | 2.3081 | 2.3458 | 2.3853 | 2.4230 |
| Fibonacci | 2.2311 | 2.2606 | 2.2788 | 2.3083 | 2.3378 | 2.3560 | 2.3855 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8581 | 1.9171 | 1.9535 | 2.0125 | 2.0489 | 2.1079 | 2.1443 |
| Camarilla | 1.9638 | 1.9725 | 1.9813 | 1.9900 | 1.9987 | 2.0075 | 2.0162 |
| Woodie | 1.8469 | 1.9115 | 1.9423 | 2.0069 | 2.0377 | 2.1023 | 2.1331 |
| Fibonacci | 1.9171 | 1.9535 | 1.9760 | 2.0125 | 2.0489 | 2.0714 | 2.1079 |
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): | 40.27 | |
| MACD (12,26,9): | -0.0029 | |
| Directional Movement: | -9.0711 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 1.9447 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.9503 | |
| Elder Ray (13): | -0.0024 | |
| Super Trend (3,10): | 1.9548 | |
| Zig ZAG (10): | 1.9454 | |
| VORTEX (21): | 0.9278 | |
| Stochastique (14,3,5): | 15.09 | |
| TEMA (21): | 1.9451 | |
| Williams %R (14): | -76.47 | |
| Chande Momentum Oscillator (20): | -0.0057 | |
| Repulse (5,40,3): | 0.0653 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0199 | |
| Courbe Coppock: | 0.72 |
| MA7: | 1.9698 | |
| MA20: | 1.9970 | |
| MA50: | 2.0358 | |
| MA100: | 2.0310 | |
| MAexp7: | 1.9457 | |
| MAexp20: | 1.9486 | |
| MAexp50: | 1.9551 | |
| MAexp100: | 1.9639 | |
| Price / MA7: | -1.15% | |
| Price / MA20: | -2.50% | |
| Price / MA50: | -4.36% | |
| Price / MA100: | -4.13% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.41% | |
| Price / MAexp100: | -0.86% |
Quotes :
2020-06-05 07:43:56
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Real time data
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Forex
News
Don"t forget to follow the news on GBP/NZD. At the time of publication of this analysis, the latest news was as follows:
-
Why I'm looking to buy GBPNZD: Coleman
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Why I'm looking to buy GBPNZD: Coleman
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GBP/NZD: Pound Has Upperhand
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Forex Trading Video: GBP/NZD The Cross Roads of BoE and RBNZ, Dollar Faces Wave of Data
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Forex Strategy Video: Time Frame Matters on Entry from Themes Like Risk Trends to GBPNZD
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