GBP/NZD - 1H - Technical analysis published on 04/26/2022 (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 bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 1.9236 NZD
My targets
1.9148 NZD (-0.0046)
1.8937 NZD (-0.0257)
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 1.9236 NZD. The sellers' bearish objective is set at 1.9148 NZD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.8937 NZD. In case of crossing, the next objective would be the support located at 1.8640 NZD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.4
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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
GBP/NZD rating 1.9194 NZD. On the day, this instrument lost -0.30% and was traded between 1.9189 NZD and 1.9268 NZD over the period. The price is currently at +0.03% from its lowest and -0.38% from its highest.1.9189
1.9268
1.9194
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/NZD chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 1.8937 | 1.9148 | 1.9194 | 1.9205 | 1.9236 | 1.9319 |
| Change (%) | -2.89% | -1.34% | -0.24% | - | +0.06% | +0.22% | +0.65% |
| Change | -0.0554 | -0.0257 | -0.0046 | - | +0.0011 | +0.0042 | +0.0125 |
| Level | Major | Intermediate | Minor | - | Minor | Intermediate | Intermediate |
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 | 1.8958 | 1.9090 | 1.9171 | 1.9303 | 1.9384 | 1.9516 | 1.9597 |
| Camarilla | 1.9193 | 1.9213 | 1.9233 | 1.9252 | 1.9272 | 1.9291 | 1.9311 |
| Woodie | 1.8933 | 1.9077 | 1.9146 | 1.9290 | 1.9359 | 1.9503 | 1.9572 |
| Fibonacci | 1.9090 | 1.9171 | 1.9222 | 1.9303 | 1.9384 | 1.9435 | 1.9516 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8850 | 1.8999 | 1.9175 | 1.9324 | 1.9500 | 1.9649 | 1.9825 |
| Camarilla | 1.9262 | 1.9291 | 1.9321 | 1.9351 | 1.9381 | 1.9411 | 1.9440 |
| Woodie | 1.8864 | 1.9006 | 1.9189 | 1.9331 | 1.9514 | 1.9656 | 1.9839 |
| Fibonacci | 1.8999 | 1.9123 | 1.9200 | 1.9324 | 1.9448 | 1.9525 | 1.9649 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7499 | 1.8153 | 1.8558 | 1.9212 | 1.9617 | 2.0271 | 2.0676 |
| Camarilla | 1.8673 | 1.8770 | 1.8867 | 1.8964 | 1.9061 | 1.9158 | 1.9255 |
| Woodie | 1.7376 | 1.8091 | 1.8435 | 1.9150 | 1.9494 | 2.0209 | 2.0553 |
| Fibonacci | 1.8153 | 1.8557 | 1.8807 | 1.9212 | 1.9616 | 1.9866 | 2.0271 |
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): | 34.35 | |
| MACD (12,26,9): | -0.0026 | |
| Directional Movement: | -7.7613 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 1.9212 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.9255 | |
| Elder Ray (13): | -0.0013 | |
| Super Trend (3,10): | 1.9302 | |
| Zig ZAG (10): | 1.9223 | |
| VORTEX (21): | 0.9017 | |
| Stochastique (14,3,5): | 25.44 | |
| TEMA (21): | 1.9206 | |
| Williams %R (14): | -81.58 | |
| Chande Momentum Oscillator (20): | -0.0043 | |
| Repulse (5,40,3): | -0.0993 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0193 | |
| Courbe Coppock: | 0.43 |
| MA7: | 1.9292 | |
| MA20: | 1.9119 | |
| MA50: | 1.9334 | |
| MA100: | 1.9669 | |
| MAexp7: | 1.9222 | |
| MAexp20: | 1.9247 | |
| MAexp50: | 1.9280 | |
| MAexp100: | 1.9287 | |
| Price / MA7: | -0.51% | |
| Price / MA20: | +0.39% | |
| Price / MA50: | -0.72% | |
| Price / MA100: | -2.41% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.28% | |
| Price / MAexp50: | -0.45% | |
| Price / MAexp100: | -0.48% |
Quotes :
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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
-
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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