GBP/NZD - 1H - Technical analysis published on 06/18/2021 (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
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 1.9833 NZD
My targets
1.9917 NZD (+0.0024)
1.9990 NZD (+0.0097)
My analysis
GBP/NZD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.9833 NZD. The next resistance located at 1.9917 NZD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.9990 NZD. After this resistance, buyers could then target 2.0208 NZD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.9
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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
The GBP/NZD price is 1.9893 NZD. The price registered an increase of +0.12% on the session and was between 1.9861 NZD and 1.9962 NZD. This implies that the price is at +0.16% from its lowest and at -0.35% from its highest.1.9861
1.9962
1.9893
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/NZD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/NZD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.9773 | 1.9833 | 1.9892 | 1.9893 | 1.9917 | 2.0208 | 2.0439 |
| Change (%) | -0.60% | -0.30% | -0.01% | - | +0.12% | +1.58% | +2.74% |
| Change | -0.0120 | -0.0060 | -0.0001 | - | +0.0024 | +0.0315 | +0.0546 |
| Level | Minor | Minor | Minor | - | Major | Minor | Intermediate |
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 | 1.9524 | 1.9612 | 1.9741 | 1.9829 | 1.9958 | 2.0046 | 2.0175 |
| Camarilla | 1.9810 | 1.9830 | 1.9850 | 1.9870 | 1.9890 | 1.9910 | 1.9930 |
| Woodie | 1.9545 | 1.9622 | 1.9762 | 1.9839 | 1.9979 | 2.0056 | 2.0196 |
| Fibonacci | 1.9612 | 1.9695 | 1.9746 | 1.9829 | 1.9912 | 1.9963 | 2.0046 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.9377 | 1.9476 | 1.9634 | 1.9733 | 1.9891 | 1.9990 | 2.0148 |
| Camarilla | 1.9720 | 1.9744 | 1.9767 | 1.9791 | 1.9815 | 1.9838 | 1.9862 |
| Woodie | 1.9406 | 1.9491 | 1.9663 | 1.9748 | 1.9920 | 2.0005 | 2.0177 |
| Fibonacci | 1.9476 | 1.9575 | 1.9635 | 1.9733 | 1.9832 | 1.9892 | 1.9990 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8632 | 1.8904 | 1.9228 | 1.9500 | 1.9824 | 2.0096 | 2.0420 |
| Camarilla | 1.9388 | 1.9443 | 1.9497 | 1.9552 | 1.9607 | 1.9661 | 1.9716 |
| Woodie | 1.8658 | 1.8917 | 1.9254 | 1.9513 | 1.9850 | 2.0109 | 2.0446 |
| Fibonacci | 1.8904 | 1.9132 | 1.9272 | 1.9500 | 1.9728 | 1.9868 | 2.0096 |
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): | 58.85 | |
| MACD (12,26,9): | 0.0022 | |
| Directional Movement: | 14.2498 | |
| AROON (14): | 85.7142 | |
| DEMA (21): | 1.9903 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.9863 | |
| Elder Ray (13): | 0.0020 | |
| Super Trend (3,10): | 1.9821 | |
| Zig ZAG (10): | 1.9930 | |
| VORTEX (21): | 1.1607 | |
| Stochastique (14,3,5): | 60.15 | |
| TEMA (21): | 1.9908 | |
| Williams %R (14): | -27.35 | |
| Chande Momentum Oscillator (20): | 0.0061 | |
| Repulse (5,40,3): | 0.1921 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0181 | |
| Courbe Coppock: | 0.17 |
| MA7: | 1.9800 | |
| MA20: | 1.9663 | |
| MA50: | 1.9513 | |
| MA100: | 1.9426 | |
| MAexp7: | 1.9893 | |
| MAexp20: | 1.9872 | |
| MAexp50: | 1.9833 | |
| MAexp100: | 1.9797 | |
| Price / MA7: | +0.47% | |
| Price / MA20: | +1.17% | |
| Price / MA50: | +1.95% | |
| Price / MA100: | +2.40% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +0.48% |
Quotes :
-
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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