GBP/NZD
GBP NZD
- NZD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPNZD
ISIN:

GBP/NZD - Daily - Technical analysis published on 10/28/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Bearish
De fond: Bearish
Technical indicators
50%
22%
28%
My opinion
Bearish under 1.9813 NZD
My targets
1.9113 NZD (-0.0384)
1.8938 NZD (-0.0559)
My analysis
There is a bearish trend on GBP/NZD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 1.9813 NZD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 1.9113 NZD. Then the price could move towards 1.8938 NZD. Then 1.8373 NZD by extension. Be careful, a return to above the resistance 1.9813 NZD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

GBP/NZD rating 1.9497 NZD. The price registered an increase of +0.25% on the session with the lowest point at 1.9401 NZD and the highest point at 1.9582 NZD. The deviation from the price is +0.49% for the low point and -0.43% for the high point.

1.9401
1.9582
1.9497

A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this GBP/NZD chart shows a bearish trend. The signals given by moving averages are at 75.00% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily


Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : Daily


Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Daily


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : Daily


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily


Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily


Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : Daily


Near support of channel

Type : Bullish

Timeframe : Daily


Support of triangle is broken

Type : Bearish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.8938 1.9113 1.9471 1.9497 1.9813 2.0205 2.0419
Change (%) -2.87% -1.97% -0.13% - +1.62% +3.63% +4.73%
Change -0.0559 -0.0384 -0.0026 - +0.0316 +0.0708 +0.0922
Level Intermediate Intermediate Intermediate - Major Major Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.93241.93631.94061.94451.94881.95271.9570
Camarilla1.94271.94341.94421.94491.94571.94641.9472
Woodie1.93261.93641.94081.94461.94901.95281.9572
Fibonacci1.93631.93941.94141.94451.94761.94961.9527


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.16042.19722.23152.26832.30262.33942.3737
Camarilla2.24622.25272.25922.26572.27222.27872.2853
Woodie2.15912.19662.23022.26772.30132.33882.3724
Fibonacci2.19722.22442.24122.26832.29552.31232.3394


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.94521.97281.96121.98881.97722.00481.9932
Camarilla1.94531.94681.94821.94971.95121.95261.9541
Woodie1.92571.96301.94171.97901.95771.99501.9737
Fibonacci1.97281.97891.98271.98881.99491.99872.0048

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): 49.21
MACD (12,26,9): 0.0031
Directional Movement: -0.3874
AROON (14): 64.2857
DEMA (21): 1.9631
Parabolic SAR (0,02-0,02-0,2): 2.0163
Elder Ray (13): -0.0120
Super Trend (3,10): 1.9433
Zig ZAG (10): 1.9534
VORTEX (21): 0.9627
Stochastique (14,3,5): 43.34
TEMA (21): 1.9655
Williams %R (14): -79.41
Chande Momentum Oscillator (20): 0.0076
Repulse (5,40,3): 0.4003
ROCnROLL: 2
TRIX (15,9): 0.0238
Courbe Coppock: 0.77
MA7: 1.9636
MA20: 1.9600
MA50: 1.9573
MA100: 1.9510
MAexp7: 1.9615
MAexp20: 1.9594
MAexp50: 1.9578
MAexp100: 1.9636
Price / MA7: -0.71%
Price / MA20: -0.53%
Price / MA50: -0.39%
Price / MA100: -0.07%
Price / MAexp7: -0.61%
Price / MAexp20: -0.50%
Price / MAexp50: -0.42%
Price / MAexp100: -0.71%

Quotes : 2020-10-28 16:33:02 - Real time data - Forex

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

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