GBP/NZD - 1H - Technical analysis published on 10/28/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 1.9200 NZD
My targets
1.9099 NZD (-0.0029)
1.8946 NZD (-0.0182)
My analysis
GBP/NZD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.9200 NZD. The next support located at 1.9099 NZD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.8946 NZD. Below this support, sellers could then target 1.8640 NZD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.1
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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
The GBP/NZD rating is 1.9128 NZD. On the day, this instrument lost -0.23% and was traded between 1.9120 NZD and 1.9193 NZD over the period. The price is currently at +0.04% from its lowest and -0.34% from its highest.1.9120
1.9193
1.9128
Here is a more detailed summary of the historical variations registered by GBP/NZD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/NZD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 6 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.8640 | 1.8946 | 1.9126 | 1.9128 | 1.9200 | 1.9251 | 1.9309 |
| Change (%) | -2.55% | -0.95% | -0.01% | - | +0.38% | +0.64% | +0.95% |
| Change | -0.0488 | -0.0182 | -0.0002 | - | +0.0072 | +0.0123 | +0.0181 |
| Level | Major | Major | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8991 | 1.9059 | 1.9115 | 1.9183 | 1.9239 | 1.9307 | 1.9363 |
| Camarilla | 1.9138 | 1.9149 | 1.9161 | 1.9172 | 1.9183 | 1.9195 | 1.9206 |
| Woodie | 1.8986 | 1.9056 | 1.9110 | 1.9180 | 1.9234 | 1.9304 | 1.9358 |
| Fibonacci | 1.9059 | 1.9106 | 1.9135 | 1.9183 | 1.9230 | 1.9259 | 1.9307 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8771 | 1.8963 | 1.9099 | 1.9291 | 1.9427 | 1.9619 | 1.9755 |
| Camarilla | 1.9144 | 1.9174 | 1.9204 | 1.9234 | 1.9264 | 1.9294 | 1.9324 |
| Woodie | 1.8742 | 1.8949 | 1.9070 | 1.9277 | 1.9398 | 1.9605 | 1.9726 |
| Fibonacci | 1.8963 | 1.9089 | 1.9166 | 1.9291 | 1.9417 | 1.9494 | 1.9619 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.9087 | 1.9213 | 1.9373 | 1.9499 | 1.9659 | 1.9785 | 1.9945 |
| Camarilla | 1.9453 | 1.9480 | 1.9506 | 1.9532 | 1.9558 | 1.9584 | 1.9611 |
| Woodie | 1.9103 | 1.9222 | 1.9389 | 1.9508 | 1.9675 | 1.9794 | 1.9961 |
| Fibonacci | 1.9213 | 1.9323 | 1.9390 | 1.9499 | 1.9609 | 1.9676 | 1.9785 |
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): | 38.20 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | -2.2929 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 1.9156 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.9190 | |
| Elder Ray (13): | -0.0007 | |
| Super Trend (3,10): | 1.9221 | |
| Zig ZAG (10): | 1.9155 | |
| VORTEX (21): | 1.0328 | |
| Stochastique (14,3,5): | 57.99 | |
| TEMA (21): | 1.9158 | |
| Williams %R (14): | -57.53 | |
| Chande Momentum Oscillator (20): | -0.0006 | |
| Repulse (5,40,3): | -0.0486 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0063 | |
| Courbe Coppock: | 0.05 |
| MA7: | 1.9207 | |
| MA20: | 1.9415 | |
| MA50: | 1.9490 | |
| MA100: | 1.9638 | |
| MAexp7: | 1.9161 | |
| MAexp20: | 1.9163 | |
| MAexp50: | 1.9181 | |
| MAexp100: | 1.9205 | |
| Price / MA7: | -0.41% | |
| Price / MA20: | -1.48% | |
| Price / MA50: | -1.86% | |
| Price / MA100: | -2.60% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.28% | |
| Price / MAexp100: | -0.40% |
Quotes :
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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:
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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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