GBP/NZD - 1H - Technical analysis published on 10/23/2020 (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:
Bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 1.9616 NZD
My targets
1.9534 NZD (-0.0056)
1.9471 NZD (-0.0119)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/NZD as long as the price remains well below 1.9616 NZD. The sellers” bearish objective is set at 1.9534 NZD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.9471 NZD. In case of crossing, the next objective would be the support located at 1.9347 NZD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by Remo. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/NZD rating is 1.9590 NZD. The price registered a decrease of -0.05% on the session with the lowest point at 1.9551 NZD and the highest point at 1.9617 NZD. The deviation from the price is +0.20% for the low point and -0.14% for the high point.1.9551
1.9617
1.9590
Here is a more detailed summary of the historical variations registered by GBP/NZD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/NZD indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 5 are bullish, 3 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
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 | 1.9347 | 1.9471 | 1.9534 | 1.9590 | 1.9616 | 1.9653 | 1.9694 |
| Change (%) | -1.24% | -0.61% | -0.29% | - | +0.13% | +0.32% | +0.53% |
| Change | -0.0243 | -0.0119 | -0.0056 | - | +0.0026 | +0.0063 | +0.0104 |
| Level | Intermediate | Major | Minor | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.9276 | 1.9421 | 1.9511 | 1.9656 | 1.9746 | 1.9891 | 1.9981 |
| Camarilla | 1.9535 | 1.9557 | 1.9579 | 1.9600 | 1.9622 | 1.9643 | 1.9665 |
| Woodie | 1.9248 | 1.9407 | 1.9483 | 1.9642 | 1.9718 | 1.9877 | 1.9953 |
| Fibonacci | 1.9421 | 1.9511 | 1.9567 | 1.9656 | 1.9746 | 1.9802 | 1.9891 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.11 | |
| MACD (12,26,9): | -0.0026 | |
| Directional Movement: | -9.7622 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 1.9574 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.9641 | |
| Elder Ray (13): | -0.0032 | |
| Super Trend (3,10): | 1.9652 | |
| Zig ZAG (10): | 1.9557 | |
| VORTEX (21): | 0.8465 | |
| Stochastique (14,3,5): | 25.21 | |
| TEMA (21): | 1.9566 | |
| Williams %R (14): | -87.91 | |
| Chande Momentum Oscillator (20): | -0.0017 | |
| Repulse (5,40,3): | -0.1458 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0209 | |
| Courbe Coppock: | 0.25 |
| MA7: | 1.9627 | |
| MA20: | 1.9570 | |
| MA50: | 1.9607 | |
| MA100: | 1.9505 | |
| MAexp7: | 1.9586 | |
| MAexp20: | 1.9608 | |
| MAexp50: | 1.9641 | |
| MAexp100: | 1.9641 | |
| Price / MA7: | -0.19% | |
| Price / MA20: | +0.10% | |
| Price / MA50: | -0.09% | |
| Price / MA100: | +0.44% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -0.26% |
Quotes :
2020-10-23 08:05:56
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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:
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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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