GBP/NZD - 1H - Technical analysis published on 06/29/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 1.9294 NZD
My targets
1.9139 NZD (-0.0060)
1.8938 NZD (-0.0261)
My analysis
The bearish trend is currently very strong for GBP/NZD. As long as the price remains below the resistance at 1.9294 NZD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.9139 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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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 rating is 1.9199 NZD. The price is lower by -0.05% since the last closing and was between 1.9192 NZD and 1.9260 NZD. This implies that the price is at +0.04% from its lowest and at -0.32% from its highest.1.9192
1.9260
1.9199
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
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. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 1.8938 | 1.9139 | 1.9198 | 1.9199 | 1.9294 | 1.9349 | 1.9405 |
| Change (%) | -1.36% | -0.31% | -0.01% | - | +0.49% | +0.78% | +1.07% |
| Change | -0.0261 | -0.0060 | -0.0001 | - | +0.0095 | +0.0150 | +0.0206 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.9001 | 1.9099 | 1.9154 | 1.9252 | 1.9307 | 1.9405 | 1.9460 |
| Camarilla | 1.9167 | 1.9181 | 1.9195 | 1.9209 | 1.9223 | 1.9237 | 1.9251 |
| Woodie | 1.8980 | 1.9088 | 1.9133 | 1.9241 | 1.9286 | 1.9394 | 1.9439 |
| Fibonacci | 1.9099 | 1.9157 | 1.9194 | 1.9252 | 1.9310 | 1.9347 | 1.9405 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8736 | 1.8938 | 1.9073 | 1.9275 | 1.9410 | 1.9612 | 1.9747 |
| Camarilla | 1.9116 | 1.9147 | 1.9178 | 1.9209 | 1.9240 | 1.9271 | 1.9302 |
| Woodie | 1.8704 | 1.8921 | 1.9041 | 1.9258 | 1.9378 | 1.9595 | 1.9715 |
| Fibonacci | 1.8938 | 1.9066 | 1.9146 | 1.9275 | 1.9403 | 1.9483 | 1.9612 |
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): | 43.74 | |
| MACD (12,26,9): | -0.0011 | |
| Directional Movement: | -2.4356 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 1.9219 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.9217 | |
| Elder Ray (13): | 0.0005 | |
| Super Trend (3,10): | 1.9288 | |
| Zig ZAG (10): | 1.9229 | |
| VORTEX (21): | 0.9534 | |
| Stochastique (14,3,5): | 60.56 | |
| TEMA (21): | 1.9226 | |
| Williams %R (14): | -54.84 | |
| Chande Momentum Oscillator (20): | 0.0008 | |
| Repulse (5,40,3): | -0.1161 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0127 | |
| Courbe Coppock: | 0.11 |
| MA7: | 1.9276 | |
| MA20: | 1.9423 | |
| MA50: | 1.9938 | |
| MA100: | 2.0211 | |
| MAexp7: | 1.9232 | |
| MAexp20: | 1.9237 | |
| MAexp50: | 1.9265 | |
| MAexp100: | 1.9288 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | -1.15% | |
| Price / MA50: | -3.71% | |
| Price / MA100: | -5.01% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.20% | |
| Price / MAexp50: | -0.34% | |
| Price / MAexp100: | -0.46% |
Quotes :
2020-06-29 07:18:22
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Real time data
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Forex
News
The latest news and videos published on GBP/NZD at the time of the analysis were as follows:
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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
This member declared not having a position on this financial instrument or a related financial instrument.
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