GBP/NZD - 1H - Technical analysis published on 01/07/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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 1.9994 NZD
My targets
2.0208 NZD (+0.0137)
2.0439 NZD (+0.0368)
My analysis
The bullish trend is currently very strong on GBP/NZD. As long as the price remains above the support at 1.9994 NZD, you could try to benefit from the boom. The first bullish objective is located at 2.0208 NZD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.0439 NZD as an objective. Crossing it would then enable buyers to target 2.0949 NZD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.9
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Additional analysis
Quotes
GBP/NZD rating 2.0071 NZD. The price is lower by -0.05% since the last closing with the lowest point at 2.0058 NZD and the highest point at 2.0080 NZD. The deviation from the price is +0.06% for the low point and -0.04% for the high point.2.0058
2.0080
2.0071
Here is a more detailed summary of the historical variations registered by GBP/NZD:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/NZD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel 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 | 1.9884 | 1.9939 | 1.9994 | 2.0071 | 2.0080 | 2.0208 | 2.0439 |
| Change (%) | -0.93% | -0.66% | -0.38% | - | +0.04% | +0.68% | +1.83% |
| Change | -0.0187 | -0.0132 | -0.0077 | - | +0.0009 | +0.0137 | +0.0368 |
| Level | Minor | Intermediate | Major | - | Intermediate | 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 | 1.9845 | 1.9893 | 1.9986 | 2.0034 | 2.0127 | 2.0175 | 2.0268 |
| Camarilla | 2.0041 | 2.0054 | 2.0067 | 2.0080 | 2.0093 | 2.0106 | 2.0119 |
| Woodie | 1.9869 | 1.9904 | 2.0010 | 2.0045 | 2.0151 | 2.0186 | 2.0292 |
| Fibonacci | 1.9893 | 1.9947 | 1.9980 | 2.0034 | 2.0088 | 2.0121 | 2.0175 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.9468 | 1.9542 | 1.9658 | 1.9732 | 1.9848 | 1.9922 | 2.0038 |
| Camarilla | 1.9723 | 1.9740 | 1.9758 | 1.9775 | 1.9792 | 1.9810 | 1.9827 |
| Woodie | 1.9490 | 1.9553 | 1.9680 | 1.9743 | 1.9870 | 1.9933 | 2.0060 |
| Fibonacci | 1.9542 | 1.9614 | 1.9659 | 1.9732 | 1.9804 | 1.9849 | 1.9922 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.9037 | 1.9196 | 1.9486 | 1.9645 | 1.9935 | 2.0094 | 2.0384 |
| Camarilla | 1.9652 | 1.9693 | 1.9734 | 1.9775 | 1.9816 | 1.9857 | 1.9899 |
| Woodie | 1.9102 | 1.9229 | 1.9551 | 1.9678 | 2.0000 | 2.0127 | 2.0449 |
| Fibonacci | 1.9196 | 1.9368 | 1.9474 | 1.9645 | 1.9817 | 1.9923 | 2.0094 |
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): | 63.44 | |
| MACD (12,26,9): | 0.0028 | |
| Directional Movement: | 10.1532 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 2.0082 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.0036 | |
| Elder Ray (13): | 0.0010 | |
| Super Trend (3,10): | 1.9982 | |
| Zig ZAG (10): | 2.0069 | |
| VORTEX (21): | 1.1106 | |
| Stochastique (14,3,5): | 89.13 | |
| TEMA (21): | 2.0081 | |
| Williams %R (14): | -19.70 | |
| Chande Momentum Oscillator (20): | 0.0007 | |
| Repulse (5,40,3): | 0.0532 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0237 | |
| Courbe Coppock: | 0.36 |
| MA7: | 1.9908 | |
| MA20: | 1.9742 | |
| MA50: | 1.9460 | |
| MA100: | 1.9467 | |
| MAexp7: | 2.0064 | |
| MAexp20: | 2.0042 | |
| MAexp50: | 1.9985 | |
| MAexp100: | 1.9922 | |
| Price / MA7: | +0.82% | |
| Price / MA20: | +1.67% | |
| Price / MA50: | +3.14% | |
| Price / MA100: | +3.10% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.43% | |
| Price / MAexp100: | +0.75% |
Quotes :
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Real time data
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Forex
News
The last news published on GBP/NZD at the time of the generation of this analysis was as follows:
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Why I'm looking to buy GBPNZD: Coleman
-
Why I'm looking to buy GBPNZD: Coleman
-
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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