GBP/NZD
GBP NZD
- NZD (-)
- Real time data - Forex
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Type: Forex
Ticker: GBPNZD
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GBP/NZD - 1H - Technical analysis published on 10/20/2020 (GMT)

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  • Timeframe : 1H
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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:
15 min. Daily Weekly

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:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard1.93811.94401.95401.95991.96991.97581.9858
Camarilla1.95971.96121.96261.96411.96561.96701.9685
Woodie1.94031.94501.95621.96091.97211.97681.9880
Fibonacci1.94401.95001.95381.95991.96591.96971.9758


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.90481.91981.93851.95351.97221.98722.0059
Camarilla1.94801.95111.95421.95731.96041.96351.9666
Woodie1.90681.92071.94051.95441.97421.98812.0079
Fibonacci1.91981.93261.94061.95351.96631.97431.9872


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.81961.86281.90671.94991.99382.03702.0809
Camarilla1.92671.93461.94261.95061.95861.96661.9746
Woodie1.82001.86301.90711.95011.99422.03722.0813
Fibonacci1.86281.89611.91661.94991.98322.00372.0370

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 - Real time data - Forex

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

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