GBP/NZD - 1H - Technical analysis published on 10/20/2020 (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:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 1.9684 NZD
My targets
1.9730 NZD (+0.0021)
1.9813 NZD (+0.0104)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/NZD as long as the price remains well above 1.9684 NZD. The buyers” bullish objective is set at 1.9730 NZD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.9813 NZD. If there is any crossing, the next objective would be the resistance located at 2.0205 NZD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
9.1
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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
GBP/NZD rating 1.9709 NZD. The price registered an increase of +0.35% on the session and was between 1.9630 NZD and 1.9726 NZD. This implies that the price is at +0.40% from its lowest and at -0.09% from its highest.1.9630
1.9726
1.9709
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 strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
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 over resistance 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.9623 | 1.9653 | 1.9684 | 1.9709 | 1.9730 | 1.9813 | 2.0205 |
Change (%) | -0.44% | -0.28% | -0.13% | - | +0.11% | +0.53% | +2.52% |
Change | -0.0086 | -0.0056 | -0.0025 | - | +0.0021 | +0.0104 | +0.0496 |
Level | Intermediate | Minor | Major | - | Minor | Intermediate | 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 | 1.9381 | 1.9440 | 1.9540 | 1.9599 | 1.9699 | 1.9758 | 1.9858 |
Camarilla | 1.9597 | 1.9612 | 1.9626 | 1.9641 | 1.9656 | 1.9670 | 1.9685 |
Woodie | 1.9403 | 1.9450 | 1.9562 | 1.9609 | 1.9721 | 1.9768 | 1.9880 |
Fibonacci | 1.9440 | 1.9500 | 1.9538 | 1.9599 | 1.9659 | 1.9697 | 1.9758 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.9048 | 1.9198 | 1.9385 | 1.9535 | 1.9722 | 1.9872 | 2.0059 |
Camarilla | 1.9480 | 1.9511 | 1.9542 | 1.9573 | 1.9604 | 1.9635 | 1.9666 |
Woodie | 1.9068 | 1.9207 | 1.9405 | 1.9544 | 1.9742 | 1.9881 | 2.0079 |
Fibonacci | 1.9198 | 1.9326 | 1.9406 | 1.9535 | 1.9663 | 1.9743 | 1.9872 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.8196 | 1.8628 | 1.9067 | 1.9499 | 1.9938 | 2.0370 | 2.0809 |
Camarilla | 1.9267 | 1.9346 | 1.9426 | 1.9506 | 1.9586 | 1.9666 | 1.9746 |
Woodie | 1.8200 | 1.8630 | 1.9071 | 1.9501 | 1.9942 | 2.0372 | 2.0813 |
Fibonacci | 1.8628 | 1.8961 | 1.9166 | 1.9499 | 1.9832 | 2.0037 | 2.0370 |
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): | 73.28 | |
MACD (12,26,9): | 0.0032 | |
Directional Movement: | 22.1040 | |
AROON (14): | 85.7143 | |
DEMA (21): | 1.9673 | |
Parabolic SAR (0,02-0,02-0,2): | 1.9632 | |
Elder Ray (13): | 0.0051 | |
Super Trend (3,10): | 1.9611 | |
Zig ZAG (10): | 1.9721 | |
VORTEX (21): | 1.1504 | |
Stochastique (14,3,5): | 87.00 | |
TEMA (21): | 1.9692 | |
Williams %R (14): | -6.83 | |
Chande Momentum Oscillator (20): | 0.0130 | |
Repulse (5,40,3): | 0.3055 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0177 | |
Courbe Coppock: | 0.88 |
MA7: | 1.9588 | |
MA20: | 1.9544 | |
MA50: | 1.9625 | |
MA100: | 1.9502 | |
MAexp7: | 1.9671 | |
MAexp20: | 1.9633 | |
MAexp50: | 1.9598 | |
MAexp100: | 1.9580 | |
Price / MA7: | +0.62% | |
Price / MA20: | +0.84% | |
Price / MA50: | +0.43% | |
Price / MA100: | +1.06% | |
Price / MAexp7: | +0.19% | |
Price / MAexp20: | +0.38% | |
Price / MAexp50: | +0.56% | |
Price / MAexp100: | +0.65% |
Quotes :
2020-10-20 07:02:21
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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:
- Why I'm looking to buy GBPNZD: Coleman
- Why I'm looking to buy GBPNZD: Coleman
- GBP/NZD: Pound Has Upperhand
- Forex Trading Video: GBP/NZD The Cross Roads of BoE and RBNZ, Dollar Faces Wave of Data
- 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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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