GBP/NZD - 1H - Technical analysis published on 08/07/2020 (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 bullish
De fond:
Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.9707 NZD
My targets
1.9813 NZD (+0.0065)
2.0011 NZD (+0.0263)
My analysis
GBP/NZD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 1.9707 NZD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 1.9813 NZD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 2.0011 NZD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 2.0419 NZD. Beware of a possible return to under the support located at 1.9707 NZD which would be the sign of a correction of the bullish excesses registered in the short term.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.2
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This analysis was given by RaviM. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/NZD rating is 1.9748 NZD. The price registered an increase of +0.45% on the session and was between 1.9637 NZD and 1.9750 NZD. This implies that the price is at +0.57% from its lowest and at -0.01% from its highest.1.9637
1.9750
1.9748
Here is a more detailed summary of the historical variations registered by GBP/NZD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/NZD indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. An assessment of moving averages reveals several bearish and bullish signals:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.9532 | 1.9660 | 1.9707 | 1.9748 | 1.9756 | 1.9813 | 2.0419 |
| Change (%) | -1.09% | -0.45% | -0.21% | - | +0.04% | +0.33% | +3.40% |
| Change | -0.0216 | -0.0088 | -0.0041 | - | +0.0008 | +0.0065 | +0.0671 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.9358 | 1.9497 | 1.9578 | 1.9717 | 1.9798 | 1.9937 | 2.0018 |
| Camarilla | 1.9599 | 1.9619 | 1.9639 | 1.9659 | 1.9679 | 1.9699 | 1.9720 |
| Woodie | 1.9329 | 1.9483 | 1.9549 | 1.9703 | 1.9769 | 1.9923 | 1.9989 |
| Fibonacci | 1.9497 | 1.9581 | 1.9633 | 1.9717 | 1.9801 | 1.9853 | 1.9937 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.3466 | 2.3759 | 2.4014 | 2.4307 | 2.4562 | 2.4855 | 2.5110 |
| Camarilla | 2.4118 | 2.4169 | 2.4219 | 2.4269 | 2.4319 | 2.4370 | 2.4420 |
| Woodie | 2.3447 | 2.3750 | 2.3995 | 2.4298 | 2.4543 | 2.4846 | 2.5091 |
| Fibonacci | 2.3759 | 2.3968 | 2.4098 | 2.4307 | 2.4516 | 2.4646 | 2.4855 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8461 | 1.8733 | 1.9236 | 1.9508 | 2.0011 | 2.0283 | 2.0786 |
| Camarilla | 1.9527 | 1.9598 | 1.9669 | 1.9740 | 1.9811 | 1.9882 | 1.9953 |
| Woodie | 1.8578 | 1.8791 | 1.9353 | 1.9566 | 2.0128 | 2.0341 | 2.0903 |
| Fibonacci | 1.8733 | 1.9029 | 1.9212 | 1.9508 | 1.9804 | 1.9987 | 2.0283 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.07 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | 4.2760 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 1.9684 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.9673 | |
| Elder Ray (13): | 0.0026 | |
| Super Trend (3,10): | 1.9735 | |
| Zig ZAG (10): | 1.9721 | |
| VORTEX (21): | 1.0340 | |
| Stochastique (14,3,5): | 83.91 | |
| TEMA (21): | 1.9693 | |
| Williams %R (14): | -3.30 | |
| Chande Momentum Oscillator (20): | 0.0065 | |
| Repulse (5,40,3): | 0.1659 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0102 | |
| Courbe Coppock: | 0.41 |
| MA7: | 1.9572 | |
| MA20: | 1.9374 | |
| MA50: | 1.9351 | |
| MA100: | 1.9889 | |
| MAexp7: | 1.9702 | |
| MAexp20: | 1.9693 | |
| MAexp50: | 1.9706 | |
| MAexp100: | 1.9698 | |
| Price / MA7: | +0.90% | |
| Price / MA20: | +1.93% | |
| Price / MA50: | +2.05% | |
| Price / MA100: | -0.71% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +0.28% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +0.25% |
Quotes :
2020-08-07 16:05:12
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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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